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Jun 30, 2021
Block Inc. Q2 2021 Earnings Report
Block Inc. experienced substantial revenue and gross profit growth, driven by both Cash App and Seller ecosystems.
Key Takeaways
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.
Total net revenue was $4.68 billion, up 143% year over year.
Gross profit was $1.14 billion, up 91% year over year.
Cash App gross profit increased 94% year over year to $546 million.
Seller ecosystem gross profit increased 85% year over year to $585 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.com Forward Guidance
Company expects to prioritize investments in Cash App and Seller ecosystems to drive long-term returns.
Revenue & Expenses
Visualization of income flow from segment revenue to net income