XYZ Q2 2023 Earnings — Block, Inc. Revenue & Financial Results | Market Cap Arena

XYZBlock, Inc.

$40B

Q2 2023 Earnings

Technology Software - Infrastructure

Income Statement

Revenue

$5.5B+25.7% YoY

Gross Profit

$1.8B33.0% margin

Operating Income

$150M2.7% margin

Net Income

-$102M-1.8% margin

EPS (Diluted)

$-0.17

QoQ Revenue Growth

+10.9%

Cash Flow

Operating Cash Flow

$113M

Free Cash Flow

$84M

Stock-Based Comp.

$319M

Balance Sheet

Total Assets

$31.1B

Total Liabilities

$13.3B

Stockholders' Equity

$17.7B

Cash & Equivalents

$8.1B

Year-over-Year Comparison

Metric	Current	Year Ago	Change
Revenue	$5.5B	$4.4B	+25.7%
Gross Profit	$1.8B	$1.4B	+27.9%
Operating Income	$150M	-$21M	+810.5%
Net Income	-$102M	-$208M	+50.9%

Revenue Segments

Cryptocurrency Denominated Assets

$2.4B43%

Transaction

$1.6B30%

Software and Data Products

$1.5B26%

Hardware

$45M1%

Geographic Segments

UNITED STATES

$5.2B93%

Non-US

$363M7%