Block Q3 gross profit $1.57B, up 38% YoY; Cash App +51%, Square +29%

Block, Inc.

2022-Q3 EPS reported -$0.75 revenue$12,880,685,000

Gross profit $1.57B, up 38% YoY; Cash App $774M (+51%), Square $783M (+29%).
Total net revenue $4.52B (+17%); ex-bitcoin $2.75B (+36%); ex-bitcoin & BNPL $2.54B (+25%).
Cash App Card actives nearly 18M in Sept, up >40% YoY; weekly/daily actives growing faster.
Software verticals (Restaurants, Retail, Appointments) gross profit grew >45% YoY.
Recognized $56M amortization of acquired intangibles and $2M bitcoin impairment in Q3.

item 2.02 item 9.01

Key facts

Extracted from this filing and checked against the source text.

Earnings Releases SEC 8-K Item 2.02 confidence 0.9

Block, Inc. reported financial results for the third quarter ended September 30, 2022.

Period: the third quarter ended September 30, 2022
Result: reported results

Exact text from the filing

Block, Inc. (the “Company”) issued a Shareholder Letter (the “Letter”) announcing its financial results for the third quarter ended September 30, 2022.

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Source: SEC EDGAR

accession 0001193125-22-276894

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