BLOCK Investment & Profitability Ecosystem Overview

BLOCK CASH APP ECOSYSTEM CASH APP Strong gross profit retention has led to recurring revenue streams Gross Profit by Cohort >125% gross profit retention for each annual cohort over the past four years 2017 2018 2019 2020 2021 2021 2020 2019 2018 2017 Pre-2017 For definition of Cash App "gross profit retention" please see Appendix. Each of our annual Cash App cohorts since 2015 and the pre-2015 cohort have exhibited positive overall gross profit retention on aggregate from the date of their first transaction through December 31, 2021. 38

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