XYZ Q3 2023 Earnings — Block, Inc. Revenue & Financial Results | Market Cap Arena

XYZBlock, Inc.

$40B

Q3 2023 Earnings

Technology Software - Infrastructure

Income Statement

Revenue

$5.6B+24.4% YoY

Gross Profit

$1.8B32.8% margin

Operating Income

$171M3.0% margin

Net Income

-$89M-1.6% margin

EPS (Diluted)

$-0.15

QoQ Revenue Growth

+1.5%

Cash Flow

Operating Cash Flow

$491M

Free Cash Flow

$453M

Stock-Based Comp.

$346M

Balance Sheet

Total Assets

$32.6B

Total Liabilities

$14.7B

Stockholders' Equity

$17.8B

Cash & Equivalents

$8.0B

Year-over-Year Comparison

Metric	Current	Year Ago	Change
Revenue	$5.6B	$4.5B	+24.4%
Gross Profit	$1.8B	$1.5B	+20.4%
Operating Income	$171M	$100M	+70.1%
Net Income	-$89M	-$15M	-503.2%

Revenue Segments

Cryptocurrency Denominated Assets

$2.4B43%

Transaction

$1.7B30%

Software and Data Products

$1.5B27%

Hardware

$42M1%

Geographic Segments

UNITED STATES

$5.2B93%

Non-US

$390M7%