BLOCK Investment & Profitability Ecosystem Overview

BLOCK INVESTMENTS & PROFITABILITY While for our overall company, we have driven leverage from our fixed expenses Block Fixed Costs (as a % of gross profit) 80% 60% 40% 20% 0% 2015 2017 2019 2021 Please see Appendix for a reconciliation and information on expense categories. Fixed expenses include fixed personnel expenses (G&A and product development personnel), professional fees and subscriptions (including add back for acquisitions), and facilities expenses. 53

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