XYZ Q1 2024 Earnings — Block, Inc. Revenue & Financial Results | Market Cap Arena

XYZBlock, Inc.

$40B

Q1 2024 Earnings

Technology Software - Infrastructure

Income Statement

Revenue

$6.0B+19.4% YoY

Gross Profit

$2.1B35.2% margin

Operating Income

$250M4.2% margin

Net Income

$472M7.9% margin

EPS (Diluted)

$0.74

QoQ Revenue Growth

+3.2%

Cash Flow

Operating Cash Flow

$489M

Free Cash Flow

$457M

Stock-Based Comp.

$311M

Balance Sheet

Total Assets

$35.6B

Total Liabilities

$16.6B

Stockholders' Equity

$19.0B

Cash & Equivalents

$9.8B

Year-over-Year Comparison

Metric	Current	Year Ago	Change
Revenue	$6.0B	$5.0B	+19.4%
Gross Profit	$2.1B	$1.7B	+24.9%
Operating Income	$250M	$123M	+102.7%
Net Income	$472M	$98M	+380.1%

Revenue Segments

Cryptocurrency Denominated Assets

$2.7B46%

Software and Data Products

$1.7B28%

Transaction

$1.5B25%

Hardware

$33M1%

Geographic Segments

UNITED STATES

$5.6B93%

Non-US

$391M7%