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Sep 30, 2023
Block Inc. Q3 2023 Earnings Report
Block Inc. demonstrated growth and profitability improvements.
Key Takeaways
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.
Total net revenue increased by 24% year-over-year to $5.62 billion.
Gross profit increased by 21% year-over-year to $1.90 billion.
Cash App's gross profit grew by 27% year-over-year to $984 million.
Square's gross profit increased by 15% year-over-year to $899 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 provided guidance for Q4 2023 and full year 2024.
Revenue & Expenses
Visualization of income flow from segment revenue to net income