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

- Company: BLOCK, INC. (XYZ)
- Period: 2024-01-01 to 2024-12-31
- Filing: FY2024 10-K, filed 2025-02-24, accession number 0001628280-25-007376
- Page: https://plicit.ai/financials/xyz/fy2024-annual-income-statement
- Chart image: https://plicit.ai/charts/xyz-fy2024-annual-income-statement-sankey.png

## Chart details: Revenue by Product and Service

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.

## Chart details: Revenue by Geography

- Page: https://plicit.ai/financials/xyz/fy2024-annual-income-statement/revenue-by-geography
- Chart image: https://plicit.ai/charts/xyz-fy2024-annual-revenue-by-geography-sankey.png

Income statement for 2024-01-01 through 2024-12-31. View: Geography. Revenue uses this breakdown; costs and expenses retain the consolidated 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
- **UNITED STATES**: 22,351,832,000 US dollars
- **International**: 1,769,221,000 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.

## Chart details: Revenue by Business Segment

- Page: https://plicit.ai/financials/xyz/fy2024-annual-income-statement/revenue-by-business-segment
- Chart image: https://plicit.ai/charts/xyz-fy2024-annual-revenue-by-business-segment-sankey.png

Income statement for 2024-01-01 through 2024-12-31. View: Business segment. Revenue uses this breakdown; costs and expenses retain the consolidated 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
- **Cash App**: 16,247,880,000 US dollars
- **Square**: 7,681,656,000 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
- **Revenue before reconciliation (calculated)**: 23,929,536,000 US dollars. Sum of the reported revenue categories before the separately reported reconciliation.
- **Corporate and Other**: 191,517,000 US dollars. Reported reconciliation to consolidated revenue.

### 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.
- Reported revenue categories plus the separately reported signed reconciliation equals consolidated revenue.
- Of which attributable to BLOCK, INC.: $2.90 B; to noncontrolling interests: −$30.55 M.