XYZ Q2 2024 Earnings — Block, Inc. Revenue & Financial Results | Market Cap Arena

XYZBlock, Inc.

$40B

Q2 2024 Earnings

Technology Software - Infrastructure

Income Statement

Revenue

$6.2B+11.2% YoY

Gross Profit

$2.2B35.6% margin

Operating Income

$533M8.7% margin

Net Income

$195M3.2% margin

EPS (Diluted)

$0.31

QoQ Revenue Growth

+3.3%

Cash Flow

Operating Cash Flow

$519M

Free Cash Flow

$481M

Stock-Based Comp.

$321M

Balance Sheet

Total Assets

$37.5B

Total Liabilities

$18.3B

Stockholders' Equity

$19.3B

Cash & Equivalents

$11.3B

Year-over-Year Comparison

Metric	Current	Year Ago	Change
Revenue	$6.2B	$5.5B	+11.2%
Gross Profit	$2.2B	$1.8B	+19.9%
Operating Income	$533M	$150M	+255.0%
Net Income	$195M	-$102M	+291.4%

Revenue Segments

Cryptocurrency Denominated Assets

$2.6B42%

Software and Data Products

$1.8B29%

Transaction

$1.7B28%

Hardware

$43M1%

Geographic Segments

UNITED STATES

$5.7B93%

Non-US

$424M7%