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Sep 30, 2022
Block Inc. Q3 2022 Earnings Report
Block Inc. delivered strong gross profit growth and made progress on Cash App and Square ecosystems
Key Takeaways
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.
Gross profit grew 38% year over year to $1.57 billion.
Cash App gross profit was $774 million, up 51% year over year.
Square gross profit was $783 million, up 29% year over year.
Cash App Card actives reached nearly 18 million in September, representing over 35% of monthly actives.
Revenue by Segment
Revenue by Geographic Location
Forward Guidance
Block provided preliminary gross profit growth estimates for October 2022 and expects an increase in share-based compensation expense in Q4 2022.
Revenue & Expenses
Visualization of income flow from segment revenue to net income
Historical Earnings Impact
Analyze how earnings announcements historically affect stock price performance
Avg. Return Before/After Earnings
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