<?xml version="1.0" encoding="utf-8"?>
<!--Generated by DFIN XBRL Instance Document - http://www.dfinsolutions.com/ - Version R3.0 - on 09-March-2024 [02:58:40] {AM}-->
<linkbase xmlns="http://www.xbrl.org/2003/linkbase" xmlns:xsi="http://www.w3.org/2001/XMLSchema-instance" xmlns:xlink="http://www.w3.org/1999/xlink" xsi:schemaLocation="http://www.xbrl.org/2003/linkbase http://www.xbrl.org/2003/xbrl-linkbase-2003-12-31.xsd">
<roleRef xlink:type="simple" xlink:href="http://www.xbrl.org/lrr/role/negated-2009-12-16.xsd#negatedLabel" roleURI="http://www.xbrl.org/2009/role/negatedLabel" />
<roleRef xlink:type="simple" xlink:href="http://www.xbrl.org/lrr/role/negated-2009-12-16.xsd#negatedPeriodEndLabel" roleURI="http://www.xbrl.org/2009/role/negatedPeriodEndLabel" />
<roleRef xlink:type="simple" xlink:href="http://www.xbrl.org/lrr/role/negated-2009-12-16.xsd#negatedPeriodStartLabel" roleURI="http://www.xbrl.org/2009/role/negatedPeriodStartLabel" />
<roleRef xlink:type="simple" xlink:href="http://www.xbrl.org/lrr/role/negated-2009-12-16.xsd#negatedTotalLabel" roleURI="http://www.xbrl.org/2009/role/negatedTotalLabel" />
<roleRef xlink:type="simple" xlink:href="http://www.xbrl.org/lrr/role/negated-2009-12-16.xsd#negatedNetLabel" roleURI="http://www.xbrl.org/2009/role/negatedNetLabel" />
<roleRef xlink:type="simple" xlink:href="http://www.xbrl.org/lrr/role/negated-2009-12-16.xsd#negatedTerseLabel" roleURI="http://www.xbrl.org/2009/role/negatedTerseLabel" />
<roleRef xlink:type="simple" xlink:href="http://www.xbrl.org/lrr/role/net-2009-12-16.xsd#netLabel" roleURI="http://www.xbrl.org/2009/role/netLabel" />
<labelLink xlink:type="extended" xlink:role="http://www.xbrl.org/2003/role/link">
<loc xlink:type="locator" xlink:href="odp-20231231.xsd#odp_ChangeInFairValueFromLastDayOfPriorYearToVestingDateOfUnvestedEquityAwardsThatVestedDuringFiscalYearMember" xlink:label="loc_odp_ChangeInFairValueFromLastDayOfPriorYearToVestingDateOfUnvestedEquityAwardsThatVestedDuringFiscalYearMember" />
<label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/label" xlink:label="lab_odp_ChangeInFairValueFromLastDayOfPriorYearToVestingDateOfUnvestedEquityAwardsThatVestedDuringFiscalYearMember" xml:lang="en-US">Change in Fair Value from Last Day of Prior Year to Vesting Date of Unvested Equity Awards that Vested During Fiscal Year [Member]</label>
<labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="loc_odp_ChangeInFairValueFromLastDayOfPriorYearToVestingDateOfUnvestedEquityAwardsThatVestedDuringFiscalYearMember" xlink:to="lab_odp_ChangeInFairValueFromLastDayOfPriorYearToVestingDateOfUnvestedEquityAwardsThatVestedDuringFiscalYearMember" />
<loc xlink:type="locator" xlink:href="odp-20231231.xsd#odp_ChangeInFairValueOfUnvestedEquityAwardsFromLastDayOfPriorYearToLastDayOfFiscalYearMember" xlink:label="loc_odp_ChangeInFairValueOfUnvestedEquityAwardsFromLastDayOfPriorYearToLastDayOfFiscalYearMember" />
<label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/label" xlink:label="lab_odp_ChangeInFairValueOfUnvestedEquityAwardsFromLastDayOfPriorYearToLastDayOfFiscalYearMember" xml:lang="en-US">Change in Fair Value of Unvested Equity Awards from Last Day of Prior Year to Last Day of Fiscal Year [Member]</label>
<labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="loc_odp_ChangeInFairValueOfUnvestedEquityAwardsFromLastDayOfPriorYearToLastDayOfFiscalYearMember" xlink:to="lab_odp_ChangeInFairValueOfUnvestedEquityAwardsFromLastDayOfPriorYearToLastDayOfFiscalYearMember" />
<loc xlink:type="locator" xlink:href="odp-20231231.xsd#odp_FairValueAsOfVestingDateOfEquityAwardsGrantedAndVestedInTheFiscalYearMember" xlink:label="loc_odp_FairValueAsOfVestingDateOfEquityAwardsGrantedAndVestedInTheFiscalYearMember" />
<label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/label" xlink:label="lab_odp_FairValueAsOfVestingDateOfEquityAwardsGrantedAndVestedInTheFiscalYearMember" xml:lang="en-US">Fair Value as of Vesting Date of Equity Awards Granted and Vested in the Fiscal Year [Member]</label>
<labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="loc_odp_FairValueAsOfVestingDateOfEquityAwardsGrantedAndVestedInTheFiscalYearMember" xlink:to="lab_odp_FairValueAsOfVestingDateOfEquityAwardsGrantedAndVestedInTheFiscalYearMember" />
<loc xlink:type="locator" xlink:href="odp-20231231.xsd#odp_FairValueOfAwardsForfeitedDuringFiscalYearMember" xlink:label="loc_odp_FairValueOfAwardsForfeitedDuringFiscalYearMember" />
<label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/label" xlink:label="lab_odp_FairValueOfAwardsForfeitedDuringFiscalYearMember" xml:lang="en-US">Fair Value of Awards Forfeited During Fiscal Year [Member]</label>
<labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="loc_odp_FairValueOfAwardsForfeitedDuringFiscalYearMember" xlink:to="lab_odp_FairValueOfAwardsForfeitedDuringFiscalYearMember" />
<loc xlink:type="locator" xlink:href="odp-20231231.xsd#odp_StockAwardValueOptionAwardMember" xlink:label="loc_odp_StockAwardValueOptionAwardMember" />
<label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/label" xlink:label="lab_odp_StockAwardValueOptionAwardMember" xml:lang="en-US">Stock Award Value Option Award [Member]</label>
<labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="loc_odp_StockAwardValueOptionAwardMember" xlink:to="lab_odp_StockAwardValueOptionAwardMember" />
<loc xlink:type="locator" xlink:href="odp-20231231.xsd#odp_YearendFairValueForAwardsGrantedDuringYearThatRemainUnvestedAsOfLastDayOfFiscalYearMember" xlink:label="loc_odp_YearendFairValueForAwardsGrantedDuringYearThatRemainUnvestedAsOfLastDayOfFiscalYearMember" />
<label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/label" xlink:label="lab_odp_YearendFairValueForAwardsGrantedDuringYearThatRemainUnvestedAsOfLastDayOfFiscalYearMember" xml:lang="en-US">YearEnd Fair Value for Awards Granted During Year That Remain Unvested as of Last Day of Fiscal Year [Member]</label>
<labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="loc_odp_YearendFairValueForAwardsGrantedDuringYearThatRemainUnvestedAsOfLastDayOfFiscalYearMember" xlink:to="lab_odp_YearendFairValueForAwardsGrantedDuringYearThatRemainUnvestedAsOfLastDayOfFiscalYearMember" />
<loc xlink:type="locator" xlink:href="odp-20231231.xsd#odp_JosephS.VassalluzzoMember" xlink:label="loc_odp_JosephS.VassalluzzoMember" />
<label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/label" xlink:label="lab_odp_JosephS.VassalluzzoMember" xml:lang="en-US">Joseph S. Vassalluzzo [Member]</label>
<labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="loc_odp_JosephS.VassalluzzoMember" xlink:to="lab_odp_JosephS.VassalluzzoMember" />
<loc xlink:type="locator" xlink:href="odp-20231231.xsd#odp_SmithMember" xlink:label="loc_odp_SmithMember" />
<label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/label" xlink:label="lab_odp_SmithMember" xml:lang="en-US">Smith [Member]</label>
<labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="loc_odp_SmithMember" xlink:to="lab_odp_SmithMember" />
</labelLink>
</linkbase>
