{
  "docId": "019dd923-5efe-75c0-8dff-97f270d783a1",
  "docSlug": "ba2e15ec65222fb9",
  "documentTitle": "2025 Investor Day Financial Outlook",
  "authorId": "Block",
  "authorName": "Block",
  "documentKindSlug": "consulting-deck",
  "documentKindLabel": "Consulting deck",
  "sourceTypeSlug": "strategy_consulting",
  "sourceTypeLabel": "Strategy consulting",
  "presentationDate": null,
  "orientation": "landscape",
  "aspectRatio": 1.777,
  "pageNumber": 45,
  "pageCount": 48,
  "prevPage": 44,
  "nextPage": 46,
  "slideType": "appendix_disclosure",
  "function": "appendix",
  "density": "overcrowded",
  "nDataPoints": 6,
  "notes": null,
  "elementsJson": [
    "paragraph"
  ],
  "metadataConfidence": 1,
  "imagePath": null,
  "slideHref": "/slides/019dd923-5efe-75c0-8dff-97f270d783a1/45",
  "deckHref": "/decks/019dd923-5efe-75c0-8dff-97f270d783a1",
  "deckJsonHref": "/decks/019dd923-5efe-75c0-8dff-97f270d783a1.json",
  "deckAnchorHref": "/decks/019dd923-5efe-75c0-8dff-97f270d783a1#slide-45",
  "components": [
    {
      "bbox": {
        "h": 0.25,
        "w": 0.28,
        "x": 0.05,
        "y": 0.26
      },
      "kind": "paragraph",
      "text": "Adjusted EBITDA is a non-GAAP financial measure that represents our net income (loss), adjusted to exclude share-based compensation expense; restructuring share-based compensation expense; depreciation and amortization; contingencies, restructuring, and other charges; interest income and expense; remeasurement gain or loss on bitcoin investment; other income and expense; provision for (benefit from) income taxes; gain or loss on disposal of property and equipment; and acquired deferred revenue and cost adjustment, as applicable.",
      "attrs": null,
      "subkind": "paragraph",
      "toolName": null,
      "toolSlug": null,
      "confidence": null,
      "componentId": "0e611308-ffe7-40a2-8b91-f9b43099c429",
      "frameworkName": null,
      "frameworkSlug": null
    },
    {
      "bbox": {
        "h": 0.08,
        "w": 0.28,
        "x": 0.66,
        "y": 0.26
      },
      "kind": "paragraph",
      "text": "Commerce Volume includes Cash Card gross payment volume (GPV), BNPL GPV, Cash App Business GPV, and Cash App Pay GPV.",
      "attrs": null,
      "subkind": "paragraph",
      "toolName": null,
      "toolSlug": null,
      "confidence": null,
      "componentId": "34c5fde0-0c6e-477b-9053-bb9e68d1699c",
      "frameworkName": null,
      "frameworkSlug": null
    },
    {
      "bbox": {
        "h": 0.2,
        "w": 0.28,
        "x": 0.66,
        "y": 0.36
      },
      "kind": "paragraph",
      "text": "Financial Solutions Gross Profit per Monthly Active is calculated based on Cash App Financial Solutions gross profit in a given quarter divided by overall monthly transacting actives for the last month of the quarter. Cash App Financial Solutions gross profit includes gross profit from ATM, Borrow, Brokerage, Cash App Business Instant Deposit, Instant Deposit, Instant Pay, Interest Income, Paper Money Deposits, Pools, and Verse.",
      "attrs": null,
      "subkind": "paragraph",
      "toolName": null,
      "toolSlug": null,
      "confidence": null,
      "componentId": "9c8fd767-301c-4e9f-9478-c26b3a2f1be1",
      "frameworkName": null,
      "frameworkSlug": null
    },
    {
      "bbox": {
        "h": 0.15,
        "w": 0.28,
        "x": 0.35,
        "y": 0.26
      },
      "kind": "paragraph",
      "text": "Cash App Commerce Enablement Monetization Rate is calculated by dividing Cash App Commerce Enablement gross profit by Commerce Volume. Cash App Commerce Enablement gross profit includes gross profit from Ads, BNPL, Cash App Business, Cash App Card, Cash App Pay, Cash Card Studio, and Afterpay Post-Purchase.",
      "attrs": null,
      "subkind": "paragraph",
      "toolName": null,
      "toolSlug": null,
      "confidence": null,
      "componentId": "b98376d8-3b5c-4935-8f8a-3df6338ed689",
      "frameworkName": null,
      "frameworkSlug": null
    },
    {
      "bbox": {
        "h": 0.35,
        "w": 0.28,
        "x": 0.35,
        "y": 0.43
      },
      "kind": "paragraph",
      "text": "Cash App Gross Profit per Monthly Transacting Active is calculated based on Cash App annualized gross profit excluding our BNPL platform during a given quarter divided by the monthly transacting actives for the last month of the quarter. Cash App annualized gross profit includes gross profit from our Afterpay Post-Purchase. Gross profit for our BNPL platform was $150 million or $599 million on an annualized basis for Q3'22, $187 million or $750 million on an annualized basis for Q3'23, $242 million or $968 million on an annualized basis for Q3'25. Q3'20 and Q3'21 BNPL platform gross profit figures are not available due to the timing of the Afterpay acquisition in Q1'22.",
      "attrs": null,
      "subkind": "paragraph",
      "toolName": null,
      "toolSlug": null,
      "confidence": null,
      "componentId": "c1a9720f-a492-42d0-a043-35e56779586d",
      "frameworkName": null,
      "frameworkSlug": null
    },
    {
      "bbox": {
        "h": 0.25,
        "w": 0.28,
        "x": 0.05,
        "y": 0.55
      },
      "kind": "paragraph",
      "text": "Adjusted Operating Income is a non-GAAP financial measure that represents our operating income (loss), adjusted to eliminate the effect of amortization of acquired technology assets; acquisition-related and integration costs; contingencies, restructuring, and other charges; restructuring share-based compensation expenses; goodwill and intangible asset impairment; amortization of customer and other acquired intangible assets and Acquisition-related share based acceleration costs.",
      "attrs": null,
      "subkind": "paragraph",
      "toolName": null,
      "toolSlug": null,
      "confidence": null,
      "componentId": "f4b087ec-b0f8-4a24-bd1c-e97faeff6abc",
      "frameworkName": null,
      "frameworkSlug": null
    },
    {
      "bbox": {
        "h": 0.06,
        "w": 0.15,
        "x": 0.05,
        "y": 0.13
      },
      "kind": "title",
      "text": "Appendix",
      "attrs": null,
      "subkind": "headline",
      "toolName": null,
      "toolSlug": null,
      "confidence": null,
      "componentId": "ffcf542c-429f-4221-915d-17ecfe777924",
      "frameworkName": null,
      "frameworkSlug": null
    }
  ],
  "metrics": [],
  "tools": [],
  "frameworks": [],
  "arcBeats": [],
  "loops": [],
  "imagePathAlt": null,
  "thumbSrc": null,
  "thumbSrcAlt": null,
  "locked": true
}