BLOCK, INC. (XYZ) FY2024 Annual P&L / Income Statement

BLOCK, INC. (XYZ) FY2024 Annual P&L / Income Statement

Income statement for 2024-01-01 through 2024-12-31. View: Product and service. Revenue and costs use their disclosed categories.

Revenue

24,121,053,000 US dollars

Total cost of revenue

15,232,017,000 US dollars

Gross profit

8,889,036,000 US dollars

Operating expenses (calculated)

7,996,709,000 US dollars

Operating income (loss)

892,327,000 US dollars

Other income (expense), net (calculated)

464,827,000 US dollars

Income (loss) before income tax

1,357,154,000 US dollars

Benefit for income taxes

negative 1,509,343,000 US dollars

Net income (loss)

2,866,497,000 US dollars

Transaction-based revenue revenue

6,613,680,000 US dollars

Subscription and services-based revenue revenue

7,164,799,000 US dollars

Hardware revenue revenue

143,369,000 US dollars

Bitcoin revenue revenue

10,199,205,000 US dollars

Transaction-based revenue cost of revenue

3,881,013,000 US dollars

Subscription and services-based revenue cost of revenue

1,135,813,000 US dollars

Hardware revenue cost of revenue

236,441,000 US dollars

Bitcoin revenue cost of revenue

9,910,386,000 US dollars

Amortization of acquired technology assets

68,364,000 US dollars

Bitcoin impairment losses

0 US dollars

Amortization of customer and other acquired intangible assets

154,709,000 US dollars

General and administrative

2,149,099,000 US dollars

Product development

2,914,415,000 US dollars

Transaction, loan, and consumer receivable losses

794,221,000 US dollars

Sales and marketing

1,984,265,000 US dollars

Chart connections

• Revenue less cost of revenue equals gross profit; gross profit less operating expenses equals operating income.
• Operating income plus other income or expense equals income before tax. Income before tax less income tax expense or benefit equals net income.
• Of which attributable to BLOCK, INC.: $2.90 B; to noncontrolling interests: −$30.55 M.