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Dec 31, 2020
Block Inc. Q4 2020 Earnings Report
Achieved strong growth in gross profit, driven by Cash App and Seller ecosystem.
Key Takeaways
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%.
Gross profit grew 52% year over year to $804 million.
Cash App delivered strong gross profit growth of 162% year over year.
Seller ecosystem gross profit was up 13% year over year.
Cash App had more than 36 million monthly transacting active customers in December, up more than 50% year over year.
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.comRevenue & Expenses
Visualization of income flow from segment revenue to net income