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Block, Inc.

SQ

Financial Statements

Income Statement (Annual)

Amounts in millions

2024

12/31/2024

Revenue
24,121
Cost of Revenue
15,232
Gross Profit
8,889
Gross Margin
36.9%
Operating Income
892
Operating Margin
3.7%
Net Income
2,897
Net Margin
12.0%
EPS (Basic)
$4.70
EPS (Diluted)
$4.55
EBITDA
1,346
EBITDA Margin
5.6%

2023

12/31/2023

Revenue
21,916
Cost of Revenue
14,411
Gross Profit
7,505
Gross Margin
34.2%
Operating Income
-279
Operating Margin
-1.3%
Net Income
10
Net Margin
0.0%
EPS (Basic)
$0.02
EPS (Diluted)
$0.02
EBITDA
391
EBITDA Margin
1.8%

2022

12/31/2022

Revenue
17,532
Cost of Revenue
11,540
Gross Profit
5,992
Gross Margin
34.2%
Operating Income
-625
Operating Margin
-3.6%
Net Income
-541
Net Margin
-3.1%
EPS (Basic)
$-0.93
EPS (Diluted)
$-0.93
EBITDA
-59
EBITDA Margin
-0.3%

2021

12/31/2021

Revenue
17,661
Cost of Revenue
13,241
Gross Profit
4,420
Gross Margin
25.0%
Operating Income
161
Operating Margin
0.9%
Net Income
166
Net Margin
0.9%
EPS (Basic)
$0.36
EPS (Diluted)
$0.33
EBITDA
408
EBITDA Margin
2.3%

2020

12/31/2020

Revenue
9,498
Cost of Revenue
6,764
Gross Profit
2,733
Gross Margin
28.8%
Operating Income
273
Operating Margin
2.9%
Net Income
213
Net Margin
2.2%
EPS (Basic)
$0.48
EPS (Diluted)
$0.44
EBITDA
427
EBITDA Margin
4.5%