BLOCK Investment & Profitability Ecosystem Overview

BLOCK INVESTMENTS & PROFITABILITY Our largest ecosystems have achieved strong profitability 2021 Adjusted Fully- Burdened Profit Margin (as % of Gross Profit) 34% Square 12% Cash App For these purposes, corporate overhead is allocated by cost center to each ecosystem based on a driver selected to closely approximate each ecosystem's usage of centralized services which include ratios like headcount, gross profit, consumption rates, etc. Excludes share-based compensation expenses, and expenses related to TIDAL and TBD, and employer taxes from options exercised related to Caviar, which was sold in 2019. Please see Appendix for a reconciliation and information on expense categories. 49

View entire presentation