# BLOCK, INC. (XYZ) FY2025 Annual P&L / Income Statement

- Company: BLOCK, INC. (XYZ)
- Period: 2025-01-01 to 2025-12-31
- Filing: FY2025 10-K, filed 2026-02-26, accession number 0001628280-26-012254
- Page: https://plicit.ai/financials/xyz/fy2025-annual-income-statement
- Chart image: https://plicit.ai/charts/xyz-fy2025-annual-income-statement-sankey.png

## Chart details: Revenue by Product and Service

Income statement for 2025-01-01 through 2025-12-31. View: Product and service. Revenue and costs use their disclosed categories.

- **Total net revenue**: 24,193,683,000 US dollars
- **Total cost of revenue**: 13,833,754,000 US dollars
- **Gross profit**: 10,359,929,000 US dollars
- **Operating expenses (calculated)**: 8,651,523,000 US dollars
- **Operating income (loss)**: 1,708,406,000 US dollars
- **Other income (expense), net (calculated)**: negative 18,495,000 US dollars
- **Income (loss) before income tax**: 1,689,911,000 US dollars
- **Total**: 385,701,000 US dollars
- **Net income (loss)**: 1,304,210,000 US dollars
- **Commerce Enablement revenue**: 11,514,162,000 US dollars
- **Financial Solutions revenue**: 4,176,734,000 US dollars
- **Bitcoin Ecosystem revenue**: 8,502,787,000 US dollars
- **Commerce Enablement cost of revenue**: 5,353,254,000 US dollars
- **Financial Solutions cost of revenue**: 339,878,000 US dollars
- **Bitcoin Ecosystem cost of revenue**: 8,083,772,000 US dollars
- **Amortization of acquired technology assets**: 56,850,000 US dollars
- **Amortization of customer and other acquired intangible assets**: 135,729,000 US dollars
- **General and administrative**: 1,997,587,000 US dollars
- **Product development**: 2,907,889,000 US dollars
- **Transaction, loan, and consumer receivable losses**: 1,337,246,000 US dollars
- **Sales and marketing**: 2,273,072,000 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.: $1.31 B; to noncontrolling interests: −$1.43 M.

## Chart details: Revenue by Geography

- Page: https://plicit.ai/financials/xyz/fy2025-annual-income-statement/revenue-by-geography
- Chart image: https://plicit.ai/charts/xyz-fy2025-annual-revenue-by-geography-sankey.png

Income statement for 2025-01-01 through 2025-12-31. View: Geography. Revenue uses this breakdown; costs and expenses retain the consolidated categories.

- **Total net revenue**: 24,193,683,000 US dollars
- **Total cost of revenue**: 13,833,754,000 US dollars
- **Gross profit**: 10,359,929,000 US dollars
- **Operating expenses (calculated)**: 8,651,523,000 US dollars
- **Operating income (loss)**: 1,708,406,000 US dollars
- **Other income (expense), net (calculated)**: negative 18,495,000 US dollars
- **Income (loss) before income tax**: 1,689,911,000 US dollars
- **Total**: 385,701,000 US dollars
- **Net income (loss)**: 1,304,210,000 US dollars
- **UNITED STATES**: 22,186,575,000 US dollars
- **International**: 2,007,108,000 US dollars
- **Amortization of customer and other acquired intangible assets**: 135,729,000 US dollars
- **General and administrative**: 1,997,587,000 US dollars
- **Product development**: 2,907,889,000 US dollars
- **Transaction, loan, and consumer receivable losses**: 1,337,246,000 US dollars
- **Sales and marketing**: 2,273,072,000 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.: $1.31 B; to noncontrolling interests: −$1.43 M.

## Chart details: Revenue by Business Segment

- Page: https://plicit.ai/financials/xyz/fy2025-annual-income-statement/revenue-by-business-segment
- Chart image: https://plicit.ai/charts/xyz-fy2025-annual-revenue-by-business-segment-sankey.png

Income statement for 2025-01-01 through 2025-12-31. View: Business segment. Revenue uses this breakdown; costs and expenses retain the consolidated categories.

- **Total net revenue**: 24,193,683,000 US dollars
- **Total cost of revenue**: 13,833,754,000 US dollars
- **Gross profit**: 10,359,929,000 US dollars
- **Operating expenses (calculated)**: 8,651,523,000 US dollars
- **Operating income (loss)**: 1,708,406,000 US dollars
- **Other income (expense), net (calculated)**: negative 18,495,000 US dollars
- **Income (loss) before income tax**: 1,689,911,000 US dollars
- **Total**: 385,701,000 US dollars
- **Net income (loss)**: 1,304,210,000 US dollars
- **Cash App**: 15,425,043,000 US dollars
- **Square**: 8,451,911,000 US dollars
- **Amortization of customer and other acquired intangible assets**: 135,729,000 US dollars
- **General and administrative**: 1,997,587,000 US dollars
- **Product development**: 2,907,889,000 US dollars
- **Transaction, loan, and consumer receivable losses**: 1,337,246,000 US dollars
- **Sales and marketing**: 2,273,072,000 US dollars
- **Revenue before reconciliation (calculated)**: 23,876,954,000 US dollars. Sum of the reported revenue categories before the separately reported reconciliation.
- **Corporate and Other**: 316,729,000 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.: $1.31 B; to noncontrolling interests: −$1.43 M.