PayPal (PYPL) Proxy filing summary

Executive summary

• Achieved $1.8T in total payment volume (+7% YOY), $33.2B net revenues (+4% YOY), and $6.4B non-GAAP operating income.

• Initiated a dividend in 2025 and returned $6B via share repurchases.

• Realigned operating model to accelerate growth, streamline decision-making, and drive innovation across checkout, consumer financial services, and payment services including crypto.

• 439M active accounts (+1% YOY) and 227M monthly active accounts.

Voting matters and shareholder proposals

• Board recommends voting FOR election of 11 director nominees, say-on-pay, 2026 Equity Incentive Award Plan, and auditor ratification.

• Board recommends voting AGAINST shareholder proposals on conflict zone policy and lowering special meeting threshold, citing robust existing policies and risk of minority interests overriding broader stockholder interests.

Board of directors and corporate governance

• Board refreshed with two new directors in the past year, strengthening expertise in payments, financial services, and technology.

• David Dorman appointed as Independent Board Chair, reinforcing separation of Chair and CEO roles.

• Board skills include global business, technology, risk management, finance, and sustainability.