← Block, Inc.
| Annual Trend | FY 2016 | FY 2017 | FY 2018 | FY 2019 | FY 2020 | FY 2021 | FY 2022 | FY 2023 | FY 2024 | FY 2025 | TTM | |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Cost of Revenue | $1.1b |
$1.4b
+21.39%
|
$94.1m
-93.16%
|
$136.4m
+44.91%
|
$143.9m
+5.51%
|
$13.2b
+9101.73%
|
$11.5b
-12.85%
|
$14.4b
+24.88%
|
$15.2b
+5.70%
|
$13.8b
-9.18%
|
$13.4b
-2.90%
|
|
| Total cost of revenue | $1.1b |
$1.4b
+21.39%
|
$2.0b
+45.06%
|
$2.8b
+41.58%
|
$6.8b
+139.54%
|
$13.2b
+95.76%
|
$11.5b
-12.85%
|
$14.4b
+24.88%
|
$15.2b
+5.70%
|
$13.8b
-9.18%
|
— | |
| Gross Profit | $576.0m |
$839.3m
+45.70%
|
$1.3b
+55.33%
|
$1.9b
+44.95%
|
$2.7b
+44.65%
|
$4.4b
+61.70%
|
$6.0b
+35.57%
|
$7.5b
+25.25%
|
$8.9b
+18.44%
|
$10.4b
+16.55%
|
$11.6b
+12.06%
|
|
| Interest Income (Expense), Net | — | — | ($18.0m) |
($21.5m)
-19.65%
|
($56.9m)
-164.65%
|
($33.1m)
+41.83%
|
($36.2m)
-9.37%
|
$47.2m
+230.34%
|
$9.3m
-80.30%
|
$129.4m
+1290.70%
|
— | |
| Sales and marketing | $173.9m | $253.2m | $411.2m | $624.8m | $1.1b | $1.6b | $2.1b | $2.0b | $2.0b | $2.3b | — | |
| Selling and Marketing Expense | $173.9m | $253.2m | $411.2m | $624.8m | $1.1b | $1.6b | $2.1b | $2.0b | $2.0b | $2.3b | $5.3b | |
| General and Administrative Expense | $252.0m | $250.6m | $339.2m | $436.2m | $579.2m | $983.3m | $1.7b | $2.2b | $2.1b | $2.0b | $2.7b | |
| Amortization of Intangible Assets | $850k | $883k | $4.4m | $4.5m | $3.9m | $15.7m | $138.8m | $174.0m | $154.7m | $135.7m | — | |
| Amortization of acquired technology assets | $8.0m | $6.5m | $7.1m | $7.0m | $11.2m | $22.6m | $70.2m | $72.8m | $68.4m | $56.9m | — | |
| Operating Lease, Expense | — | — | — | — | $75.2m | $80.3m | $93.6m | $75.8m | $52.1m | $58.2m | — | |
| Operating Expenses | $746.5m | $893.5m | $1.3b | $1.9b | $2.8b | $4.3b | $6.6b | $7.8b | $8.0b | $8.7b | $8.5b | |
| Operating Income (Loss) | ($170.5m) |
($54.2m)
+68.20%
|
($36.6m)
+32.45%
|
$26.6m
+172.53%
|
($18.8m)
-170.85%
|
$161.1m
+956.30%
|
($624.5m)
-487.64%
|
($278.8m)
+55.35%
|
$892.3m
+420.02%
|
$1.7b
+91.46%
|
$3.1b
+83.14%
|
|
| Interest Expense | — | — | — | — | $75.2m | $58.1m | — | — | — | — | — | |
| Interest Expense, Debt | — | — | — | — | — | — | — | — | $165.5m | $256.4m | — | |
| Interest expense (income), net | — | — | — | — | — | $33.1m | $36.2m | ($47.2m) | $9.3m | $129.4m | — | |
| Investment Income, Interest | — | — | — | — | $18.3m | $25.0m | — | $126.6m | $156.2m | $127.1m | — | |
| Equity Securities, FV-NI, Realized Gain (Loss) | — | — | — | — | $276.3m | $44.4m | — | — | — | — | — | |
| Other income (expense): | ||||||||||||
| Crypto Asset Realized Gain Loss Nonoperating | — | — | — | — | — | — | — | — | $420.9m | ($55.9m) | — | |
| Other Nonoperating Income (Expense) | — | — | $18.5m | ($273k) | $291.7m | $29.5m | $95.4m | $202.5m | $53.2m | $166.8m | — | |
| Other expense (income), net | ($247k) | ($1.6m) | ($18.5m) | $273k | ($291.7m) | ($29.5m) | ($95.4m) | ($202.5m) | ($53.2m) | ($166.8m) | — | |
| Interest Income (Expense), Nonoperating, Net | — | — | — | — | — | $33.1m | $36.2m | $47.2m | ($9.3m) | ($129.4m) | — | |
| Nonoperating Income (Expense) | $780k | ($8.5m) | — | — | — | — | — | — | — | — | — | |
| Income (Loss) from Continuing Operations before Income Taxes, Domestic | ($145.5m) | ($10.9m) | $44.5m | $456.3m | $369.0m | $417.4m | ($348.0m) | ($30.3m) | $1.3b | $1.5b | $712.4m | |
| Income (Loss) from Continuing Operations before Income Taxes, Noncontrolling Interest | ($169.7m) | ($62.7m) | ($36.1m) | $378.2m | $216.0m | $157.5m | ($565.3m) | ($29.1m) | $1.4b | $1.7b | $712.4m | |
| Current Income Tax Expense (Benefit) | $1.9m | $1.5m | $3.0m | $4.1m | $10.9m | $9.1m | $57.3m | $77.9m | $156.5m | $50.7m | $356.8m | |
| Income Tax Expense (Benefit) | $1.9m | $149k | $2.3m | $2.8m | $2.9m | ($1.4m) | ($12.3m) | ($8.0m) | ($1.5b) | $385.7m | $356.8m | |
| Net Income (Loss) Attributable to Parent | ($171.6m) |
($62.8m)
+63.39%
|
($38.5m)
+38.78%
|
$375.4m
+1076.38%
|
$213.1m
-43.24%
|
$166.3m
-21.97%
|
($540.7m)
-425.19%
|
$9.8m
+101.81%
|
$2.9b
+29546.41%
|
$1.3b
-54.93%
|
$357.1m
-72.65%
|
|
| Less: Net loss attributable to noncontrolling interests | — | — | — | $0 | $0 | ($7.5m) | ($12.3m) | ($30.9m) | ($30.6m) | ($1.4m) | — | |
| Net Income (Loss) Attributable to Noncontrolling Interest | — | — | — | $0 | $0 | ($7.5m) | ($12.3m) | ($30.9m) | ($30.6m) | ($1.4m) | $357.1m | |
| Preferred Stock Dividends, Income Statement Impact | $0 | $0 | — | — | — | — | — | — | — | — | — | |
| Earnings Per Share, Basic | ($0.50) | ($0.17) | ($0.09) | $0.88 | $0.48 | $0.36 | ($0.93) | $0.02 | $4.70 | $2.13 | $0.58 | |
| Earnings Per Share, Diluted | ($0.50) | ($0.17) | ($0.09) | $0.81 | $0.44 | $0.33 | ($0.93) | $0.02 | $4.56 | $2.10 | $0.56 | |
| Basic (in shares) | $341.6m | $379.3m | $405.7m | $425.0m | $443.1m | $458.4m | $578.9m | $608.9m | $617.0m | $612.2m | $603.0m | |
| Diluted (in shares) | $341.6m | $379.3m | $405.7m | $466.1m | $482.2m | $501.8m | $578.9m | $614.0m | $636.4m | $622.8m | $608.1m | |
| Weighted Average Number of Shares Outstanding, Basic | 341.6m | 379.3m | 405.7m | 425.0m | 443.1m | 458.4m | 578.9m | 608.9m | 617.0m | 612.2m | 603.0m | |
| Weighted Average Number of Shares Outstanding, Diluted | 341.6m | 379.3m | 405.7m | 466.1m | 482.2m | 501.8m | 578.9m | 614.0m | 636.4m | 622.8m | 608.1m | |
| Additional Financial Items | ||||||||||||
| Amortization of customer and other acquired intangible assets | $850k | $883k | $4.4m | $4.5m | $3.9m | $15.7m | $138.8m | $174.0m | $154.7m | $135.7m | — | |
| Capitalized Computer Software, Amortization | $7.1m | $6.6m | $10.6m | $18.9m | $19.8m | $33.4m | — | — | — | — | — | |
| Costs and Expenses | $746.5m | $893.5m | $1.3b | $1.9b | $2.8b | $4.3b | $6.6b | $7.8b | $8.0b | $8.7b | — | |
| Equity Securities without Readily Determinable Fair Value, Impairment Loss, Annual Amount | — | — | — | — | — | — | — | — | $34.9m | $0 | — | |
| Goodwill, Impairment Loss | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $132.3m | $73.5m | — | — | |
| Product development | $268.5m | $321.9m | $497.5m | $670.6m | $881.8m | $1.4b | $2.1b | $2.7b | $2.9b | $2.9b | — | |
| Remeasurement loss (gain) on bitcoin investment | — | — | — | — | — | — | $0 | ($207.1m) | ($420.9m) | $55.9m | — | |
| Total | $1.9m | $149k | $2.3m | $2.8m | $2.9m | ($1.4m) | ($12.3m) | ($8.0m) | ($1.5b) | $385.7m | $25.0b | |
| Transaction, loan, and consumer receivable losses | — | $67.0m | $88.1m | $127.0m | $177.7m | $188.0m | $550.7m | $660.7m | $794.2m | $1.3b | — |
Values abbreviated: b = billions, m = millions, k = thousands. Per share data in USD.