Block, Inc.XYZEarnings & Financial Report
Block, Inc. is an American technology company and a financial services provider for consumers and merchants. Founded in 2009 by Jack Dorsey, it is the U.S. market leader in point-of-sale systems. As of 2024, Block serves 57 million users and 4 million sellers, processing $241 billion in payments annually.
Revenue
$6.1B
Gross Profit
$2.7B
Operating Profit
$409.4M
Net Profit
$461.5M
Gross Margin
43.5%
Operating Margin
6.7%
Net Margin
7.5%
YoY Growth
2.3%
EPS
$0.74
Block, Inc. Q3 FY2025 Financial Summary
Block, Inc. reported revenue of $6.1B (up 2.3% YoY) for Q3 FY2025, with a net profit of $461.5M (up 62.7% YoY) (7.5% margin). Cost of goods sold was $3.5B, operating expenses totaled $2.3B.
Key Financial Metrics
| Total Revenue | $6.1B |
|---|---|
| Net Profit | $461.5M |
| Gross Margin | 43.5% |
| Operating Margin | 6.7% |
| Report Period | Q3 FY2025 |
Revenue Breakdown
Block, Inc. Q3 FY2025 revenue of $6.1B breaks down across 4 segments, led by Cash App Segment at $3.8B (62.1% of total).
| Segment | Revenue | % of Total |
|---|---|---|
| Cash App Segment | $3.8B | 62.1% |
| Cryptocurrency Denominated Assets | $2.0B | 32.2% |
| Consumer Portfolio Segment | $210.0M | 3.4% |
| Hardware | $70.2M | 1.1% |
Block, Inc. Revenue by Segment — Quarterly Trend
Block, Inc. revenue by segment across the last 4 reported quarters, showing how each business line (such as Cash App Segment and Cryptocurrency Denominated Assets) has evolved quarter over quarter.
| Segment | Q4 FY2025 | Q3 FY2025 | Q2 FY2025 | Q1 FY2025 |
|---|---|---|---|---|
| Cash App Segment | — | $3.8B | — | — |
| Cryptocurrency Denominated Assets | — | $2.0B | — | — |
| Consumer Portfolio Segment | — | $210.0M | — | — |
| Hardware | — | $70.2M | — | $28.7M |
Block, Inc. Annual Revenue by Year
Block, Inc. annual revenue history includes year-by-year totals (for example, 2025 revenue was $24.2B).
| Year | Annual Revenue |
|---|---|
| 2025 | $24.2B |
| 2024 | $24.1B |
| 2023 | $21.9B |
| 2022 | $17.5B |
Block, Inc. Quarterly Revenue & Net Profit History
Block, Inc. results over the last 8 reported quarters, including revenue, net profit and year-over-year growth.
| Quarter | Revenue | Revenue YoY | Net Profit | Net Margin |
|---|---|---|---|---|
| Q4 FY2025 | $6.3B | +3.6% | $115.8M | 1.9% |
| Q3 FY2025 | $6.1B | +2.3% | $461.5M | 7.5% |
| Q2 FY2025 | $6.1B | -1.6% | $538.5M | 8.9% |
| Q1 FY2025 | $5.8B | -3.1% | $189.9M | 3.3% |
| Q4 FY2024 | $6.0B | +4.5% | $1.9B | 32.3% |
| Q3 FY2024 | $6.0B | +6.4% | $283.8M | 4.7% |
| Q2 FY2024 | $6.2B | +11.2% | $195.3M | 3.2% |
| Q1 FY2024 | $6.0B | +19.4% | $472.0M | 7.9% |
Income Statement
| Q1 2024 | Q2 2024 | Q3 2024 | Q4 2024 | Q1 2025 | Q2 2025 | Q3 2025 | Q4 2025 | |
|---|---|---|---|---|---|---|---|---|
| Revenue | $5.96B | $6.16B | $5.98B | $6.03B | $5.77B | $6.05B | $6.11B | $6.25B |
| YoY Growth | 19.4% | 11.2% | 6.4% | 4.5% | -3.1% | -1.6% | 2.3% | 3.6% |
Balance Sheet
| Q1 2024 | Q2 2024 | Q3 2024 | Q4 2024 | Q1 2025 | Q2 2025 | Q3 2025 | Q4 2025 | |
|---|---|---|---|---|---|---|---|---|
| Assets | $35.61B | $37.55B | $36.36B | $36.78B | $36.40B | $36.86B | $39.18B | $39.55B |
| Liabilities | $16.65B | $18.25B | $16.45B | $15.54B | $14.96B | $14.74B | $16.71B | $17.38B |
| Equity | $18.97B | $19.30B | $19.92B | $21.27B | $21.47B | $22.16B | $22.51B | $22.20B |
Cash Flow
| Q1 2024 | Q2 2024 | Q3 2024 | Q4 2024 | Q1 2025 | Q2 2025 | Q3 2025 | Q4 2025 | |
|---|---|---|---|---|---|---|---|---|
| Operating CF | $489.4M | $519.4M | $684.8M | $13.8M | $133.3M | $374.3M | $1.45B | $621.0M |