BLOCK Investment & Profitability Ecosystem Overview

BLOCK MARKET OPPORTUNITY SQUARE Less than 1% penetrated in the mid-market segment today 2021 gross receipts as % of addressable opportunity 13% - 4% 0.5% Micro SMB Sources: Square internal company data, 2017 U.S. Census, U.S. Bureau of Labor Statistics. Mid-Market Seller sizes from the U.S. Census gross receipts are mapped to Square seller size classifications by assuming a given business' sales are 50% cash and 50% card payments. "U.S. Gross Receipts" opportunity is based on U.S. Census data as of 2017, adjusted for inflation through 2021 based on CPI from the U.S. Bureau of Labor Statistics. 9

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