BLOCK Investment & Profitability Ecosystem Overview

BLOCK CASH APP ECOSYSTEM CASH APP With a number of levers to grow and monetize inflows From 2017 to 2019, gross profit was driven primarily by growth in actives From 2019 to 2021, inflows per active became the primary driver of gross profit growth $47M 2017 $457M 2019 $2,071M 2021 Monetization Rate on Inflows Inflows per Active Actives 32 Cash App Gross Profit For definition of Cash App "active" please see Appendix. Monetization rate on inflows represents gross profit as a percentage of inflows over the given period. Inflows per active defined as overall inflows into Cash App each year, divided by the number of annual actives. "Actives" represents growth in annual actives for each year in the period.

View entire presentation