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

- Company: Block, Inc. (XYZ)
- Period: 2024-07-01 to 2024-09-30
- Filing: Q3 FY2024 10-Q, filed 2024-11-07, accession number 0001628280-24-046294
- Page: https://plicit.ai/financials/xyz/fy2024-q3-income-statement
- Chart image: https://plicit.ai/charts/xyz-fy2024-q3-income-statement-sankey.png

## Chart details: Revenue by Product and Service

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.

## Chart details: Revenue by Geography

- Page: https://plicit.ai/financials/xyz/fy2024-q3-income-statement/revenue-by-geography
- Chart image: https://plicit.ai/charts/xyz-fy2024-q3-revenue-by-geography-sankey.png

Income statement for 2024-07-01 through 2024-09-30. View: Geography. Revenue uses this breakdown; costs and expenses retain the consolidated 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
- **UNITED STATES**: 5,519,879,000 US dollars
- **International**: 455,922,000 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.

## Chart details: Revenue by Business Segment

- Page: https://plicit.ai/financials/xyz/fy2024-q3-income-statement/revenue-by-business-segment
- Chart image: https://plicit.ai/charts/xyz-fy2024-q3-revenue-by-business-segment-sankey.png

Income statement for 2024-07-01 through 2024-09-30. View: Business segment. Revenue uses this breakdown; costs and expenses retain the consolidated 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
- **Cash App**: 3,929,573,000 US dollars
- **Square**: 2,001,737,000 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
- **Revenue before reconciliation (calculated)**: 5,931,310,000 US dollars. Sum of the reported revenue categories before the separately reported reconciliation.
- **Corporate and Other**: 44,491,000 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.: $283.75 M; to noncontrolling interests: −$2.62 M.