Investor Presentaiton

Free Cash Flow (FCF) Generated FCF of $5.1B on a trailing 12-month basis 1,427 Free Cash Flow ($M) 1,573 1,433 1,026 1,075 السا 1,000 • FCF of $1.0B, declining 3% primarily due to higher cash taxes related to the intra-group transfer of intellectual property of ~$430M • • о ⚫ Excluding impact from higher cash taxes, FCF as a % of revenue was ~20% $15.3B in cash and cash equivalents ($7.1B), short-term ($3.6B) and long-term investments ($4.6B) as of March 31, 2023 Long-term debt of ~$10.5B and short-term debt of $400M as of March 31, 2023 % of Revenue FCF Q4-21 Q1-22 Q2-22 Q3-22 Q4-22 Q1-23 Capex 21% 3% 16% 3% 16% 3% 23% 3% 19% 2% 14% 2% Free cash flow is a non-GAAP financial measure. Please see the Supplemental Information for a reconciliation of this non-GAAP financial measure to the most directly comparable GAAP financial measure. Reflects the impact of reclassification as described in our earnings press release dated February 9, 2023. PayPal ©2023 PayPal Holdings, Inc. Q1-23 Investor Update • 19

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