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

- Company: Block, Inc. (XYZ)
- Period: 2025-01-01 to 2025-03-31
- Filing: Q1 FY2025 10-Q, filed 2025-05-01, accession number 0001628280-25-021538
- Page: https://plicit.ai/financials/xyz/fy2025-q1-income-statement
- Chart image: https://plicit.ai/charts/xyz-fy2025-q1-income-statement-sankey.png

## Chart details: Revenue by Product and Service

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.

## Chart details: Revenue by Geography

- Page: https://plicit.ai/financials/xyz/fy2025-q1-income-statement/revenue-by-geography
- Chart image: https://plicit.ai/charts/xyz-fy2025-q1-revenue-by-geography-sankey.png

Income statement for 2025-01-01 through 2025-03-31. View: Geography. Revenue uses this breakdown; costs and expenses retain the consolidated 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
- **UNITED STATES**: 5,347,630,000 US dollars
- **International**: 424,166,000 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.

## Chart details: Revenue by Business Segment

- Page: https://plicit.ai/financials/xyz/fy2025-q1-income-statement/revenue-by-business-segment
- Chart image: https://plicit.ai/charts/xyz-fy2025-q1-revenue-by-business-segment-sankey.png

Income statement for 2025-01-01 through 2025-03-31. View: Business segment. Revenue uses this breakdown; costs and expenses retain the consolidated 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
- **Cash App**: 3,879,014,000 US dollars
- **Square**: 1,852,161,000 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
- **Revenue before reconciliation (calculated)**: 5,731,175,000 US dollars. Sum of the reported revenue categories before the separately reported reconciliation.
- **Corporate and Other**: 40,621,000 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.: $189.87 M; to noncontrolling interests: −$1.15 M.