Block Inc. Earnings Reports

Block delivered solid Q3 2025 results with strong gross profit growth, boosted by gains in Cash App and accelerating GPV in Square. Net income was positive, supported by AI-driven efficiencies, expanding product lines, and rising engagement across platforms.

Block posted a net income of $538 million and EPS of $0.87, driven by 16% growth in Cash App gross profit and steady performance from Square. Adjusted EBITDA reached $891 million, and the company raised its full-year outlook.

Block delivered a 9% year-over-year increase in gross profit and a net income of $190M. Cash App Borrow expansion and Square's go-to-market initiatives were highlighted as key future growth levers.

Block Inc. delivered solid financial results in Q4 2024, with revenue of $6.03 billion and a net income of $1.95 billion, benefiting from one-time tax adjustments. Operating income stood at $13 million, while adjusted EPS was reported at $0.71. Cash App and Square segments contributed significantly to growth, with gross profit up 16% and 12% YoY, respectively.

In Q3 2024, Block Inc. reported a 19% year-over-year increase in gross profit, reaching $2.25 billion. The company also saw improvements in operating income and net income. Cash App and Square both contributed to this growth, with Cash App showing a 21% increase in gross profit and Square a 16% increase.

Block Inc. reported strong Q2 2024 results with gross profit up 20% year-over-year to $2.23 billion. Both Square and Cash App showed significant growth, and the company is on track to reach Rule of 40 by 2026. Key initiatives include improving Square's go-to-market approach and expanding Cash App's financial services.

In Q1 2024, Block Inc. reported a 22% year-over-year increase in gross profit, reaching $2.09 billion, driven by strong performances in both Cash App and Square ecosystems. Operating income was $250 million, with Adjusted Operating Income at $364 million. Net income attributable to common stockholders was $472 million, with Adjusted EBITDA up 91% year over year to $705 million.

Block Inc. reported a 24% increase in total net revenue to $5.77 billion for Q4 2023. Gross profit grew by 22% year-over-year to $2.03 billion. Cash App's gross profit increased by 25% year-over-year to $1.18 billion, and Square's gross profit increased by 18% year-over-year to $828 million. Net income attributable to common stockholders was $178 million, and Adjusted EBITDA was $562 million, up 2x year over year.

In Q3 2023, Block Inc. reported a 24% increase in total net revenue to $5.62 billion and a 21% increase in gross profit to $1.90 billion. Cash App's gross profit rose by 27% year-over-year to $984 million, while Square's gross profit increased by 15% to $899 million.

In the second quarter of 2023, Block Inc. reported strong growth and profitability. Gross profit increased by 27% year-over-year to $1.87 billion, with Square's gross profit up 18% and Cash App's gross profit up 37%. The company's operating loss was $132 million, while adjusted operating income was $25 million. Net loss attributable to common stockholders was $123 million, and adjusted EBITDA reached $384 million.

Block Inc. reported a 26% year-over-year increase in total net revenue, reaching $4.99 billion. Gross profit grew by 32% year-over-year to $1.71 billion. The Cash App ecosystem saw a 49% year-over-year increase in gross profit, while the Square ecosystem grew by 16%.

Block Inc. reported a 14% increase in total net revenue to $4.65 billion and a 40% increase in gross profit to $1.66 billion for the fourth quarter of 2022. The company is focused on balancing growth and efficiency, prioritizing speed, agility, and accountability.

In Q3 2022, Block Inc. reported a 17% year-over-year increase in total net revenue, reaching $4.52 billion. Excluding bitcoin revenue, total net revenue grew by 36% year over year to $2.75 billion. The company's gross profit increased by 38% year over year to $1.57 billion.

Block Inc. reported a total net revenue of $4.40 billion, a decrease of 6% year over year. However, excluding bitcoin revenue, total net revenue was $2.62 billion, up 34% year over year. Gross profit was $1.47 billion, up 29% year over year.

Block Inc. reported a decrease in total net revenue by 22% year over year to $3.96 billion, driven by a decrease in bitcoin revenue, while gross profit increased by 34% year over year to $1.29 billion. The company completed the acquisition of Afterpay and saw contributions from both Cash App and Square ecosystems.

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.

In the third quarter of 2021, Block Inc. reported a total net revenue of $3.84 billion, a 27% increase year-over-year. Gross profit was $1.13 billion, up 43% year-over-year.

Block Inc. reported strong growth in the second quarter of 2021. Total net revenue increased by 143% year-over-year to $4.68 billion, and gross profit grew by 91% year-over-year to $1.14 billion. The Cash App ecosystem and Seller ecosystem were key drivers of this growth.

Block Inc. reported strong growth in Q1 2021, with total net revenue up 266% year over year to $5.06 billion and gross profit up 79% year over year to $964 million. The Cash App ecosystem delivered gross profit growth of 171% year over year, and the Seller ecosystem saw gross profit increase by 32%.

Block Inc. reported a total net revenue of $3.16 billion, up 141% year over year, and gross profit of $804 million, up 52% year over year. Cash App's gross profit increased by 162%, while the Seller ecosystem's gross profit increased by 13%.

Block Inc. reported a significant increase in total net revenue, reaching $3.03 billion, up 140% year over year. Gross profit also saw substantial growth, increasing by 59% year over year to $794 million. The Cash App ecosystem demonstrated strong performance, with gross profit up 212% year over year. Net income was $37 million.

In Q2 2020, Block Inc. reported a 64% year-over-year increase in total net revenue, reaching $1.92 billion, and a 28% increase in gross profit, amounting to $597 million. Cash App's gross profit surged by 167% year-over-year, while the Seller ecosystem's gross profit decreased by 9%.

Block Inc. reported a total net revenue of $1.38 billion for Q1 2020, up 44% year over year. Cash App gross profit grew 115% year over year, while Seller GPV was down 35% year over year during the last two weeks of the quarter due to COVID-19 impacts.

In the fourth quarter of 2019, Square's total net revenue grew 41% year over year to $1.31 billion, and gross profit grew 39% year over year to $527 million. Net income was $391 million, which included a gain of $373 million from the sale of Caviar. Excluding the gain on sale, net income was $17 million.