XYZ Q1 2023 Earnings — Block, Inc. Revenue & Financial Results | Market Cap Arena

XYZBlock, Inc.

$40B

Q1 2023 Earnings

Technology Software - Infrastructure

Income Statement

Revenue

$5.0B+26.0% YoY

Gross Profit

$1.7B33.6% margin

Operating Income

$123M2.5% margin

Net Income

$98M2.0% margin

EPS (Diluted)

$0.16

QoQ Revenue Growth

+7.3%

Cash Flow

Operating Cash Flow

$294M

Free Cash Flow

$262M

Stock-Based Comp.

$280M

Balance Sheet

Total Assets

$31.3B

Total Liabilities

$13.9B

Stockholders' Equity

$17.4B

Cash & Equivalents

$8.9B

Year-over-Year Comparison

Metric	Current	Year Ago	Change
Revenue	$5.0B	$4.0B	+26.0%
Gross Profit	$1.7B	$1.3B	+29.5%
Operating Income	$123M	-$227M	+154.3%
Net Income	$98M	-$204M	+148.1%

Revenue Segments

Cryptocurrency Denominated Assets

$2.2B43%

Transaction

$1.4B29%

Software and Data Products

$1.4B27%

Hardware

$37M1%

Geographic Segments

UNITED STATES

$4.7B93%

Non-US

$325M7%