Block, Inc. (XYZ) FY2024 Q3 P&L / Income Statement

Block, Inc. (XYZ) FY2024 Q3 P&L / Income Statement

Income statement for 2024-07-01 through 2024-09-30. View: Product and service. Revenue and costs use their disclosed categories.

Revenue

5,975,801,000 US dollars

Total cost of revenue

3,726,116,000 US dollars

Gross profit

2,249,685,000 US dollars

Operating expenses (calculated)

1,926,676,000 US dollars

Operating income (loss)

323,009,000 US dollars

Other income (expense), net (calculated)

1,138,000 US dollars

Income (loss) before income tax

324,147,000 US dollars

Provision for income taxes

43,011,000 US dollars

Net income (loss)

281,136,000 US dollars

Transaction-based revenue

1,712,421,000 US dollars

Subscription and services based revenue

1,797,933,000 US dollars

Hardware revenue

36,839,000 US dollars

Bitcoin revenue

2,428,608,000 US dollars

Transaction-based cost of revenue

1,011,476,000 US dollars

Subscription and services based cost of revenue

271,286,000 US dollars

Hardware cost of revenue

62,091,000 US dollars

Bitcoin cost of revenue

2,364,077,000 US dollars

Amortization of acquired technology assets

17,186,000 US dollars

Transaction, loan, and consumer receivable losses

192,062,000 US dollars

General and administrative

475,855,000 US dollars

Product development

710,983,000 US dollars

Amortization of customer and other acquired intangible assets

36,021,000 US dollars

Sales and marketing

511,755,000 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.: $283.75 M; to noncontrolling interests: −$2.62 M.