Block, Inc. (SQ) — Financial statements
Income statement, balance sheet, and cash flow for Block, Inc. — annual and quarterly history with growth and margin analysis.
| Metric (USD Millions) | 2025 | 2024 | 2023 | 2022 | 2021 | |
|---|---|---|---|---|---|---|
| Revenue & Gross Profit | ||||||
| Revenue | 24,194↑0.3% | 24,121↑10.1% | 21,916↑25.0% | 17,532↓0.7% | 17,661 | |
| Cost of Revenue | 13,834↓9.2% | 15,232↑5.7% | 14,411↑24.9% | 11,540↓12.9% | 13,241 | |
| Gross Profit | 10,360↑16.5% | 8,889↑18.4% | 7,505↑25.3% | 5,992↑35.6% | 4,420 | |
| Operating Expenses | ||||||
| R&D Expenses | 0.00↓100.0% | 2,914↑7.1% | 2,721↑27.4% | 2,136↑52.6% | 1,399 | |
| General & Administrative Expenses | 1,998↓7.1% | 2,149↓2.7% | 2,209↑31.0% | 1,687↑71.5% | 983 | |
| Selling & Marketing Expenses | 2,273↑14.6% | 1,984↓1.7% | 2,019↓1.9% | 2,058↑27.3% | 1,617 | |
| SG&A Expenses | 4,271↑3.3% | 4,133↓2.2% | 4,228↑12.9% | 3,745↑44.0% | 2,601 | |
| Other Expenses | 4,381↑361.7% | 949↑13.7% | 835↑21.1% | 689↑266.7% | 188 | |
| Operating Expenses | 8,652↑8.2% | 7,997↑2.7% | 7,784↑18.5% | 6,570↑56.9% | 4,188 | |
| Total Costs & Expenses | 22,485↓3.2% | 23,229↑4.7% | 22,194↑22.6% | 18,110↑3.9% | 17,429 | |
| Operating Results | ||||||
| Operating Income | 1,708↑91.5% | 892↑420.0% | -279↑55.4% | -625↓487.6% | 161 | |
| Depreciation & Amortization | 0.00↓100.0% | 308↓26.7% | 420↓10.8% | 470↑115.9% | 218 | |
| EBITDA | 1,691↑25.7% | 1,346↑244.6% | 391↑764.7% | -59↓114.4% | 408 | |
| EBIT | 1,691↑63.0% | 1,038↑3661.2% | -29↑94.5% | -529↓377.6% | 191 | |
| Interest & Other Income | ||||||
| Net Interest Income | -1↑86.6% | -9↓119.7% | 47↑230.3% | -36↓9.4% | -33 | |
| Interest Income | 0.00 | 0.00↓100.0% | 47 | 0.00 | 0.00 | |
| Interest Expense | 1↓86.6% | 9 | 0.00↓100.0% | 36↑9.4% | 33 | |
| Non-Operating Income | 17↑111.9% | -146↑41.7% | -250↓161.6% | -95↓223.8% | -29 | |
| Other Income / Expenses | -18↓104.0% | 465↑86.2% | 250↑321.7% | 59↑1722.3% | -4 | |
| Income Before Tax | 1,690↑24.5% | 1,357↑4756.9% | -29↑94.8% | -565↓459.0% | 157 | |
| Income Tax Expense | 386↑125.6% | -1,509↓18722.1% | -8↑34.9% | -12↓802.6% | -1 | |
| Net Income & EPS | ||||||
| Net Income from Continuing Operations | -1↓100.0% | 2,866↑13669.9% | -21↑96.2% | -553↓448.2% | 159 | |
| Net Income from Discontinued Operations | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | |
| Net Income | -1↓100.0% | 2,897↑29546.4% | 10↑101.8% | -541↓425.2% | 166 | |
| Bottom-Line Net Income | -1↓100.0% | 2,897↑29546.4% | 10↑101.8% | -541↓425.2% | 166 | |
| EPS (Basic) | 2.13↓54.7% | 4.70↑29275.0% | 0.02↑101.7% | -0.93↓358.3% | 0.36 | |
| EPS (Diluted) | 2.10↓53.8% | 4.55↑28516.4% | 0.02↑101.7% | -0.93↓381.8% | 0.33 | |
| Weighted Average Shares | 612↓0.8% | 617↑1.3% | 609↑5.2% | 579↑26.3% | 458 | |
| Weighted Average Diluted Shares | 623↓2.1% | 636↑3.6% | 614↑6.1% | 579↑15.4% | 502 | |
* All figures in Millions of USD, except per share data. Growth rates calculated Year-over-Year (YoY). Data source: SEC Filings.