Block Inc
NYSE:SQ
Income Statement
Earnings Waterfall
Block Inc
Revenue
|
21.9B
USD
|
Cost of Revenue
|
-14.4B
USD
|
Gross Profit
|
7.5B
USD
|
Operating Expenses
|
-7.1B
USD
|
Operating Income
|
381.8m
USD
|
Other Expenses
|
-372.1m
USD
|
Net Income
|
9.8m
USD
|
Income Statement
Block Inc
Dec-2014 | Mar-2015 | Jun-2015 | Sep-2015 | Dec-2015 | Mar-2016 | Jun-2016 | Sep-2016 | Dec-2016 | Mar-2017 | Jun-2017 | Sep-2017 | Dec-2017 | Mar-2018 | Jun-2018 | Sep-2018 | Dec-2018 | Mar-2019 | Jun-2019 | Sep-2019 | Dec-2019 | Mar-2020 | Jun-2020 | Sep-2020 | Dec-2020 | Mar-2021 | Jun-2021 | Sep-2021 | Dec-2021 | Mar-2022 | Jun-2022 | Sep-2022 | Dec-2022 | Mar-2023 | Jun-2023 | Sep-2023 | Dec-2023 | ||
---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
Revenue | ||||||||||||||||||||||||||||||||||||||
Revenue |
850
N/A
|
936
+10%
|
1 039
+11%
|
1 144
+10%
|
1 267
+11%
|
1 396
+10%
|
1 524
+9%
|
1 631
+7%
|
1 709
+5%
|
1 791
+5%
|
1 904
+6%
|
2 050
+8%
|
2 214
+8%
|
2 421
+9%
|
2 685
+11%
|
2 982
+11%
|
3 298
+11%
|
3 589
+9%
|
3 948
+10%
|
4 333
+10%
|
4 714
+9%
|
5 135
+9%
|
5 885
+15%
|
7 652
+30%
|
9 498
+24%
|
13 174
+39%
|
15 931
+21%
|
16 742
+5%
|
17 661
+5%
|
16 565
-6%
|
16 288
-2%
|
16 959
+4%
|
17 532
+3%
|
18 561
+6%
|
19 692
+6%
|
20 794
+6%
|
21 916
+5%
|
|
Gross Profit | ||||||||||||||||||||||||||||||||||||||
Cost of Revenue |
(624)
|
(678)
|
(745)
|
(815)
|
(897)
|
(990)
|
(1 060)
|
(1 113)
|
(1 133)
|
(1 152)
|
(1 206)
|
(1 284)
|
(1 375)
|
(1 500)
|
(1 655)
|
(1 818)
|
(1 994)
|
(2 144)
|
(2 353)
|
(2 590)
|
(2 824)
|
(3 104)
|
(3 722)
|
(5 195)
|
(6 764)
|
(10 015)
|
(12 228)
|
(12 700)
|
(13 241)
|
(11 813)
|
(11 209)
|
(11 446)
|
(11 540)
|
(12 150)
|
(12 884)
|
(13 654)
|
(14 411)
|
|
Gross Profit |
226
N/A
|
258
+14%
|
294
+14%
|
329
+12%
|
370
+12%
|
406
+10%
|
465
+14%
|
519
+12%
|
576
+11%
|
639
+11%
|
698
+9%
|
766
+10%
|
839
+10%
|
921
+10%
|
1 029
+12%
|
1 164
+13%
|
1 304
+12%
|
1 445
+11%
|
1 595
+10%
|
1 743
+9%
|
1 890
+8%
|
2 031
+7%
|
2 162
+6%
|
2 457
+14%
|
2 733
+11%
|
3 159
+16%
|
3 703
+17%
|
4 042
+9%
|
4 420
+9%
|
4 751
+7%
|
5 080
+7%
|
5 514
+9%
|
5 992
+9%
|
6 412
+7%
|
6 808
+6%
|
7 139
+5%
|
7 505
+5%
|
|
Operating Income | ||||||||||||||||||||||||||||||||||||||
Operating Expenses |
(329)
|
(376)
|
(401)
|
(443)
|
(490)
|
(586)
|
(635)
|
(671)
|
(695)
|
(671)
|
(714)
|
(758)
|
(826)
|
(909)
|
(1 004)
|
(1 130)
|
(1 253)
|
(1 385)
|
(1 521)
|
(1 617)
|
(1 735)
|
(1 865)
|
(2 015)
|
(2 310)
|
(2 574)
|
(2 910)
|
(3 251)
|
(3 563)
|
(4 000)
|
(4 575)
|
(5 143)
|
(5 567)
|
(6 019)
|
(6 181)
|
(6 509)
|
(6 774)
|
(7 123)
|
|
Selling, General & Administrative |
(183)
|
(222)
|
(235)
|
(261)
|
(289)
|
(359)
|
(386)
|
(408)
|
(426)
|
(398)
|
(431)
|
(463)
|
(504)
|
(550)
|
(608)
|
(679)
|
(750)
|
(833)
|
(909)
|
(972)
|
(1 061)
|
(1 150)
|
(1 267)
|
(1 504)
|
(1 689)
|
(1 910)
|
(2 132)
|
(2 305)
|
(2 601)
|
(3 001)
|
(3 331)
|
(3 537)
|
(3 745)
|
(3 728)
|
(3 888)
|
(3 967)
|
(4 228)
|
|
Research & Development |
(145)
|
(153)
|
(165)
|
(180)
|
(200)
|
(225)
|
(247)
|
(263)
|
(269)
|
(273)
|
(282)
|
(294)
|
(322)
|
(358)
|
(395)
|
(448)
|
(497)
|
(546)
|
(605)
|
(638)
|
(671)
|
(711)
|
(744)
|
(802)
|
(882)
|
(996)
|
(1 115)
|
(1 255)
|
(1 399)
|
(1 574)
|
(1 772)
|
(1 953)
|
(2 136)
|
(2 304)
|
(2 474)
|
(2 640)
|
(2 721)
|
|
Depreciation & Amortization |
(1)
|
(2)
|
(2)
|
(2)
|
(2)
|
(2)
|
(1)
|
(1)
|
(1)
|
(1)
|
(1)
|
(1)
|
(1)
|
(1)
|
(1)
|
(3)
|
(4)
|
(6)
|
(7)
|
(7)
|
(4)
|
(4)
|
(4)
|
(4)
|
(4)
|
(5)
|
0
|
0
|
0
|
0
|
(39)
|
(77)
|
(139)
|
(149)
|
(147)
|
(166)
|
(174)
|
|
Other Operating Expenses |
0
|
0
|
0
|
0
|
0
|
0
|
0
|
0
|
0
|
0
|
0
|
0
|
0
|
0
|
0
|
0
|
0
|
0
|
0
|
0
|
0
|
0
|
0
|
0
|
0
|
0
|
(3)
|
(3)
|
0
|
0
|
0
|
0
|
0
|
0
|
0
|
0
|
0
|
|
Operating Income |
(102)
N/A
|
(118)
-16%
|
(107)
+9%
|
(114)
-7%
|
(120)
-5%
|
(180)
-50%
|
(170)
+5%
|
(153)
+10%
|
(119)
+22%
|
(32)
+73%
|
(16)
+50%
|
8
N/A
|
13
+63%
|
12
-8%
|
25
+110%
|
34
+35%
|
51
+50%
|
60
+18%
|
74
+23%
|
126
+69%
|
154
+23%
|
166
+8%
|
147
-11%
|
147
0%
|
159
+8%
|
248
+56%
|
452
+82%
|
479
+6%
|
420
-12%
|
177
-58%
|
(63)
N/A
|
(54)
+14%
|
(28)
+48%
|
230
N/A
|
299
+30%
|
366
+22%
|
382
+4%
|
|
Pre-Tax Income | ||||||||||||||||||||||||||||||||||||||
Interest Income Expense |
(2)
|
(3)
|
(4)
|
(3)
|
(3)
|
(1)
|
(0)
|
0
|
1
|
0
|
(3)
|
(5)
|
(8)
|
(11)
|
(10)
|
21
|
2
|
(14)
|
(21)
|
(54)
|
(34)
|
(24)
|
(8)
|
(20)
|
238
|
218
|
282
|
277
|
2
|
66
|
(23)
|
(9)
|
37
|
(9)
|
12
|
40
|
31
|
|
Non-Reccuring Items |
(48)
|
(34)
|
(38)
|
(47)
|
(53)
|
(44)
|
(53)
|
(50)
|
(51)
|
(55)
|
(56)
|
(63)
|
(67)
|
(73)
|
(77)
|
(80)
|
(88)
|
(98)
|
(110)
|
(119)
|
246
|
165
|
162
|
180
|
(178)
|
(109)
|
(165)
|
(218)
|
(259)
|
(310)
|
(409)
|
(490)
|
(597)
|
(634)
|
(621)
|
(649)
|
(661)
|
|
Total Other Income |
0
|
0
|
0
|
0
|
0
|
(0)
|
0
|
(0)
|
0
|
0
|
0
|
0
|
0
|
0
|
0
|
1
|
(2)
|
1
|
4
|
7
|
12
|
3
|
4
|
2
|
(4)
|
4
|
(2)
|
(8)
|
(6)
|
(24)
|
1
|
26
|
22
|
35
|
11
|
(4)
|
219
|
|
Pre-Tax Income |
(153)
N/A
|
(156)
-2%
|
(149)
+4%
|
(165)
-10%
|
(176)
-7%
|
(225)
-28%
|
(223)
+1%
|
(203)
+9%
|
(170)
+16%
|
(88)
+48%
|
(76)
+13%
|
(61)
+20%
|
(63)
-3%
|
(72)
-14%
|
(62)
+14%
|
(24)
+61%
|
(36)
-49%
|
(50)
-40%
|
(52)
-4%
|
(41)
+22%
|
378
N/A
|
311
-18%
|
306
-2%
|
309
+1%
|
216
-30%
|
361
+67%
|
568
+57%
|
530
-7%
|
157
-70%
|
(92)
N/A
|
(494)
-439%
|
(528)
-7%
|
(565)
-7%
|
(378)
+33%
|
(299)
+21%
|
(247)
+17%
|
(29)
+88%
|
|
Net Income | ||||||||||||||||||||||||||||||||||||||
Tax Provision |
(1)
|
(3)
|
(4)
|
(4)
|
(4)
|
(4)
|
(3)
|
(2)
|
(2)
|
(2)
|
(2)
|
(1)
|
0
|
(0)
|
(0)
|
(2)
|
(2)
|
(2)
|
(1)
|
(3)
|
(3)
|
(3)
|
(3)
|
1
|
(3)
|
(3)
|
6
|
4
|
1
|
4
|
(7)
|
11
|
12
|
13
|
18
|
(49)
|
8
|
|
Income from Continuing Operations |
(154)
|
(158)
|
(152)
|
(169)
|
(180)
|
(229)
|
(226)
|
(205)
|
(172)
|
(90)
|
(79)
|
(62)
|
(63)
|
(72)
|
(62)
|
(26)
|
(38)
|
(53)
|
(54)
|
(44)
|
375
|
308
|
303
|
310
|
213
|
358
|
573
|
534
|
159
|
(88)
|
(501)
|
(516)
|
(553)
|
(365)
|
(281)
|
(297)
|
(21)
|
|
Income to Minority Interest |
0
|
0
|
0
|
0
|
0
|
0
|
0
|
0
|
0
|
0
|
0
|
0
|
0
|
0
|
0
|
0
|
0
|
0
|
0
|
0
|
0
|
0
|
0
|
0
|
0
|
0
|
0
|
3
|
7
|
11
|
12
|
13
|
12
|
12
|
14
|
14
|
31
|
|
Net Income (Common) |
(154)
N/A
|
(158)
-3%
|
(152)
+4%
|
(169)
-11%
|
(212)
-26%
|
(261)
-23%
|
(259)
+1%
|
(237)
+8%
|
(172)
+27%
|
(90)
+48%
|
(79)
+13%
|
(62)
+21%
|
(63)
-1%
|
(72)
-14%
|
(62)
+14%
|
(26)
+58%
|
(38)
-46%
|
(53)
-39%
|
(54)
-2%
|
(44)
+18%
|
375
N/A
|
308
-18%
|
303
-2%
|
310
+2%
|
213
-31%
|
358
+68%
|
574
+60%
|
537
-6%
|
166
-69%
|
(77)
N/A
|
(489)
-536%
|
(504)
-3%
|
(541)
-7%
|
(353)
+35%
|
(268)
+24%
|
(282)
-5%
|
10
N/A
|
|
EPS (Diluted) |
-0.47
N/A
|
-0.48
-2%
|
-0.46
+4%
|
-0.51
-11%
|
-0.63
-24%
|
-0.78
-24%
|
-0.77
+1%
|
-0.7
+9%
|
-0.5
+29%
|
-0.25
+50%
|
-0.21
+16%
|
-0.16
+24%
|
-0.17
-6%
|
-0.18
-6%
|
-0.15
+17%
|
-0.07
+53%
|
-0.09
-29%
|
-0.13
-44%
|
-0.14
-8%
|
-0.09
+36%
|
0.81
N/A
|
0.7
-14%
|
0.68
-3%
|
0.63
-7%
|
0.44
-30%
|
0.71
+61%
|
1.09
+54%
|
1.16
+6%
|
0.33
-72%
|
-0.16
N/A
|
-0.84
-425%
|
-0.84
N/A
|
-0.93
-11%
|
-0.6
+35%
|
-0.44
+27%
|
-0.47
-7%
|
0.02
N/A
|