Block Q4 2023 gross profit $2.03B (+22% YoY); Cash App GP $1.18B (+25%)

Block, Inc.

2023-FY EPS reported $0.02 revenue$21,915,623,000

Net income $178M; Adjusted EBITDA $562M (2x YoY).
Total net revenue $5.77B (+24%); ex-bitcoin revenue $3.25B (+15%).
Square gross profit $828M (+18%); Cash App gross profit $1.18B (+25%).
Operating loss $131M includes $132M TIDAL goodwill impairment and $70M severance.
Strategic shift: focus on U.S. growth, inflows per active, and Cash App as primary banking for households up to $150k.

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 fourth quarter and fiscal year ended December 31, 2023.

Period: the fourth quarter and fiscal year ended December 31, 2023
Result: reported results

Exact text from the filing

On February 22, 2024, Block, Inc. (the "Company") issued a Shareholder Letter (the "Letter") announcing its financial results for the fourth quarter and fiscal year ended December 31, 2023.

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Block, Inc. filing history →

Source: SEC EDGAR

accession 0001193125-24-042835

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