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Dec 31, 2021
Block Inc. Q4 2021 Earnings Report
Block Inc. delivered strong growth at scale during the fourth quarter of 2021.
Key Takeaways
Block Inc. reported a total net revenue of $4.08 billion, up 29% year over year. Gross profit was $1.18 billion, up 47% year over year. Cash App generated gross profit of $518 million, up 37% year over year, while the Square ecosystem generated gross profit of $657 million, up 54% year over year.
Gross profit grew 47% year over year to $1.18 billion.
Cash App ecosystem delivered gross profit of $518 million, an increase of 37% year over year.
Square ecosystem gross profit was $657 million, up 54% year over year.
Total net revenue was $4.08 billion, up 29% year over year, and, excluding bitcoin revenue, total net revenue was $2.12 billion, up 51% year over year.
Block Inc.
Block Inc.
Block Inc. Revenue by Segment
Revenue & Expenses
Visualization of income flow from segment revenue to net income