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Mar 31, 2023
Block Inc. Q1 2023 Earnings Report
Block Inc. demonstrated growth and profitability, with notable increases in gross profit and advancements in Cash App and Square ecosystems.
Key Takeaways
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%.
Total net revenue increased by 26% year-over-year to $4.99 billion.
Gross profit grew by 32% year-over-year to $1.71 billion.
Cash App gross profit increased by 49% year-over-year to $931 million.
Square gross profit increased by 16% year-over-year to $770 million.
Block Inc.
Block Inc.
Block Inc. Revenue by Segment
Revenue by Segment
Transaction-Based Revenue
CapyFin.comSubscriptions & Services Revenue
CapyFin.comHardware Revenue
CapyFin.comBitcoin Revenue
CapyFin.comCash App Revenue
CapyFin.com Forward Guidance
Block anticipates continued growth and investment in its ecosystems.
Revenue & Expenses
Visualization of income flow from segment revenue to net income