Block, Inc.
Block, Inc. (SQ) Financial Performance & Income Statement Overview
Access detailed quarterly and annual financial reports for Block, Inc. (SQ), covering cash flow, earnings, and balance sheets.
Block, Inc. (SQ) Income Statement & Financial Overview
Analyze Block, Inc.’s SQ earnings with segmented quarterly and yearly financial statement figures.
| Metric | Q4 2024 | Q3 2024 | Q2 2024 | Q1 2024 |
|---|---|---|---|---|
| Revenue | $6.03B | $5.98B | $6.16B | $5.96B |
| Cost of Revenue | $3.71B | $3.73B | $3.96B | $3.91B |
| Gross Profit | $2.33B | $2.25B | $2.19B | $2.05B |
| Gross Profit Ratio | $0.39 | $0.38 | $0.36 | $0.34 |
| R&D Expenses | $838.06M | $710.98M | $713.16M | $720.57M |
| SG&A Expenses | $1.16B | $987.61M | $946.98M | $882.63M |
| Operating Expenses | $2.31B | $1.93B | $1.66B | $1.60B |
| Total Costs & Expenses | $6.02B | $5.65B | $5.62B | $5.51B |
| Interest Income | $0.00 | $0.00 | $1.87M | $18.75M |
| Interest Expense | $16.11M | $13.81M | $0.00 | $0.00 |
| Depreciation & Amortization | $73.32M | $92.71M | $96.90M | $97.64M |
| EBITDA | $179.54M | $607.78M | $595.28M | $513.11M |
| EBITDA Ratio | $0.03 | $0.10 | $0.10 | $0.09 |
| Operating Income | $13.01M | $323.009M | $532.53M | $447.98M |
| Operating Income Ratio | $0.002 | $0.05 | $0.09 | $0.08 |
| Other Income/Expenses (Net) | $264.78M | $1.14M | -$57.66M | $58.33M |
| Income Before Tax | $277.79M | $324.15M | $248.90M | $506.31M |
| Income Before Tax Ratio | $0.05 | $0.05 | $0.04 | $0.08 |
| Income Tax Expense | -$1.65B | $43.01M | $59.03M | $35.49M |
| Net Income | $1.95B | $283.75M | $195.27M | $472.005M |
| Net Income Ratio | $0.32 | $0.05 | $0.03 | $0.08 |
| EPS | $3.05 | $0.46 | $0.32 | $0.77 |
| Diluted EPS | $3.04 | $0.45 | $0.31 | $0.74 |
| Weighted Avg Shares Outstanding | $637.95M | $616.43M | $617.67M | $616.40M |
| Weighted Avg Shares Outstanding (Diluted) | $639.30M | $632.76M | $634.22M | $637.36M |
The company's financials show resilient growth, with revenue advancing from $5.96B in Q1 2024 to $6.03B in Q4 2024. Gross profit remained healthy with margins at 39% in Q4 2024 compared to 34% in Q1 2024. Operating income hit $13.01M last quarter, sustaining a consistent 0% margin. Changes in R&D and SG&A spending did not hinder EBITDA, which stood at $179.54M. Net income rose to $1.95B, while earnings per share reached $3.05. Strong cost management and operational efficiency kept profitability intact, underlining the company's stable and competitive market performance.
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