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: 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.