Block, Inc. (XYZ) FY2025 Q1 P&L / Income Statement

Block, Inc. (XYZ) FY2025 Q1 P&L / Income Statement

Income statement for 2025-01-01 through 2025-03-31. View: Product and service. Revenue and costs use their disclosed categories.

Revenue

5,771,796,000 US dollars

Total cost of revenue

3,482,193,000 US dollars

Gross profit

2,289,603,000 US dollars

Operating expenses (calculated)

1,960,301,000 US dollars

Operating income

329,302,000 US dollars

Other income (expense), net (calculated)

negative 102,252,000 US dollars

Income before income tax

227,050,000 US dollars

Provision for income taxes

38,328,000 US dollars

Net income

188,722,000 US dollars

Transaction-based revenue revenue

1,550,731,000 US dollars

Subscription and services-based revenue revenue

1,890,973,000 US dollars

Hardware revenue revenue

28,690,000 US dollars

Bitcoin revenue revenue

2,301,402,000 US dollars

Transaction-based revenue cost of revenue

903,822,000 US dollars

Subscription and services-based revenue cost of revenue

275,048,000 US dollars

Hardware revenue cost of revenue

52,534,000 US dollars

Bitcoin revenue cost of revenue

2,236,115,000 US dollars

Amortization of acquired technology assets

14,674,000 US dollars

Transaction, loan, and consumer receivable losses

169,689,000 US dollars

General and administrative

491,797,000 US dollars

Product development

760,699,000 US dollars

Amortization of customer and other acquired intangible assets

33,656,000 US dollars

Sales and marketing

504,460,000 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.: $189.87 M; to noncontrolling interests: −$1.15 M.