Loading...
•
Dec 31, 2022
Block Inc. Q4 2022 Earnings Report
Block Inc. delivered strong growth and profitability, with gross profit up 40% year over year.
Key Takeaways
Block Inc. reported a 14% increase in total net revenue to $4.65 billion and a 40% increase in gross profit to $1.66 billion for the fourth quarter of 2022. The company is focused on balancing growth and efficiency, prioritizing speed, agility, and accountability.
Gross profit grew 40% year over year to $1.66 billion.
Square gross profit was $801 million, an increase of 22% year over year.
Cash App gross profit was $848 million, an increase of 64% year over year.
Adjusted EBITDA was $281 million.
Revenue by Segment
Forward Guidance
Block expects Adjusted EBITDA margin to expand by at least one percentage point year over year and Adjusted Operating Income margin to also expand on a year-over-year basis in 2023 compared to 2022.
Historical Earnings Impact
Analyze how earnings announcements historically affect stock price performance
Avg. Return Before/After Earnings
Loading earnings performance data...
Loading earnings reaction data...