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

- Company: Block, Inc. (XYZ)
- Period: 2024-01-01 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-ytd-q3-income-statement
- Chart image: https://plicit.ai/charts/xyz-fy2024-ytd-q3-income-statement-sankey.png

## Chart details: Revenue by Product and Service

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

- **Revenue**: 18,088,492,000 US dollars
- **Total cost of revenue**: 11,510,854,000 US dollars
- **Gross profit**: 6,577,638,000 US dollars
- **Operating expenses (calculated)**: 5,698,324,000 US dollars
- **Operating income (loss)**: 879,314,000 US dollars
- **Other income (expense), net (calculated)**: 200,046,000 US dollars
- **Income (loss) before income tax**: 1,079,360,000 US dollars
- **Provision for income taxes**: 137,532,000 US dollars
- **Net income (loss)**: 941,828,000 US dollars
- **Transaction-based revenue**: 4,936,597,000 US dollars
- **Subscription and services based revenue**: 5,268,120,000 US dollars
- **Hardware revenue**: 112,300,000 US dollars
- **Bitcoin revenue**: 7,771,475,000 US dollars
- **Transaction-based cost of revenue**: 2,884,696,000 US dollars
- **Subscription and services based cost of revenue**: 832,755,000 US dollars
- **Hardware cost of revenue**: 181,185,000 US dollars
- **Bitcoin cost of revenue**: 7,559,416,000 US dollars
- **Amortization of acquired technology assets**: 52,802,000 US dollars
- **Transaction, loan, and consumer receivable losses**: 549,603,000 US dollars
- **General and administrative**: 1,420,683,000 US dollars
- **Product development**: 2,144,720,000 US dollars
- **Amortization of customer and other acquired intangible assets**: 120,116,000 US dollars
- **Sales and marketing**: 1,463,202,000 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.: $951.03 M; to noncontrolling interests: −$9.20 M.

## Chart details: Revenue by Geography

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

Income statement for 2024-01-01 through 2024-09-30. View: Geography. Revenue uses this breakdown; costs and expenses retain the consolidated categories.

- **Revenue**: 18,088,492,000 US dollars
- **Total cost of revenue**: 11,510,854,000 US dollars
- **Gross profit**: 6,577,638,000 US dollars
- **Operating expenses (calculated)**: 5,698,324,000 US dollars
- **Operating income (loss)**: 879,314,000 US dollars
- **Other income (expense), net (calculated)**: 200,046,000 US dollars
- **Income (loss) before income tax**: 1,079,360,000 US dollars
- **Provision for income taxes**: 137,532,000 US dollars
- **Net income (loss)**: 941,828,000 US dollars
- **UNITED STATES**: 16,818,047,000 US dollars
- **International**: 1,270,445,000 US dollars
- **Transaction, loan, and consumer receivable losses**: 549,603,000 US dollars
- **General and administrative**: 1,420,683,000 US dollars
- **Product development**: 2,144,720,000 US dollars
- **Amortization of customer and other acquired intangible assets**: 120,116,000 US dollars
- **Sales and marketing**: 1,463,202,000 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.: $951.03 M; to noncontrolling interests: −$9.20 M.

## Chart details: Revenue by Business Segment

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

Income statement for 2024-01-01 through 2024-09-30. View: Business segment. Revenue uses this breakdown; costs and expenses retain the consolidated categories.

- **Revenue**: 18,088,492,000 US dollars
- **Total cost of revenue**: 11,510,854,000 US dollars
- **Gross profit**: 6,577,638,000 US dollars
- **Operating expenses (calculated)**: 5,698,324,000 US dollars
- **Operating income (loss)**: 879,314,000 US dollars
- **Other income (expense), net (calculated)**: 200,046,000 US dollars
- **Income (loss) before income tax**: 1,079,360,000 US dollars
- **Provision for income taxes**: 137,532,000 US dollars
- **Net income (loss)**: 941,828,000 US dollars
- **Cash App**: 12,231,304,000 US dollars
- **Square**: 5,711,265,000 US dollars
- **Transaction, loan, and consumer receivable losses**: 549,603,000 US dollars
- **General and administrative**: 1,420,683,000 US dollars
- **Product development**: 2,144,720,000 US dollars
- **Amortization of customer and other acquired intangible assets**: 120,116,000 US dollars
- **Sales and marketing**: 1,463,202,000 US dollars
- **Revenue before reconciliation (calculated)**: 17,942,569,000 US dollars. Sum of the reported revenue categories before the separately reported reconciliation.
- **Corporate and Other**: 145,923,000 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.: $951.03 M; to noncontrolling interests: −$9.20 M.