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: 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.