PayPal — Feb 4, 2025 release

————————————————————————————————————————————— Financial Guidance Presented in millions, except per share data and percentages February 2025 Guidance Prior year period 1Q'25 GAAP EPS $1.11 - $1.13 $0.83 Non-GAAP EPS 1 $1.15 - $1.17 $1.08 FY'25 GAAP EPS 2 $4.80 - $4.95 $3.99 Non-GAAP EPS 3 $4.95 - $5.10 $4.65 Please see "Non-GAAP Financial Measures" and "Non-GAAP Measures of Financial Performance" for reconciliations of non-GAAP financial measures to the most directly comparable GAAP financial measures and important additional information. 1. Estimated non-GAAP amounts for the three months ending March 31, 2025 reflect adjustments of approximately $50 million. 2. FY ' 24 GAAP EPS included a negative impact of ~$0.23 from PayPal’s strategic investment portfolio. 3. Estimated non-GAAP amounts for the full year ending December 31, 2025 reflect adjustments of approximately $200 million. 4Q & FY 2024 Results 2 4Q'24 Financial Results Presented in millions, except per share data and percentages 4Q'24 4Q'23 YoY Growth FXN YoY Growth Total payment volume $437,836 $409,832 7% 7% GAAP Net revenues $8,366 $8,026 4% Transaction margin dollars $3,935 $3,672 7% Operating income $1,441 $1,728 (17%) Operating margin 17.2% 21.5% (431bps) Effective tax rate 20.5% 21.8% (1.3pts) Net income (loss) $1,121 $1,402 (20%) Earnings per diluted share $1.11 $1.29 (15%) Net cash provided by operating activities $2,394 $2,614 (8%) Non-GAAP Net revenues $8,366 $8,026 4% 4% Transaction margin dollars $3,935 $3,