BLOCK Investment & Profitability Ecosystem Overview

BLOCK SQUARE ECOSYSTEM → SQUARE Multi year transformation Gross profit by product area ~80% of gross profit in 2021 generated from software & integrated payments, banking, and international $2.4B 2015 2016 2017 2018 2019 2020 2021 International U.S. Banking 18 U.S. Software & Integrated Payments U.S. Sidecar Payments Excludes hardware gross profit losses. We view hardware as an acquisition tool and not a profit center for our business. 2015 and 2016 excludes contribution from Starbucks. Sidecar payments are transactions where sellers enter an amount on the keypad and hit charge.

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