earnings
confidence high
sentiment positive
materiality 0.75
Block reports Q4 gross profit $2.31B (+14% YoY), net income $1.95B
Block, Inc.
2024-FY EPS reported
$4.56
revenue$24,121,053,000
- Gross profit $2.31B (+14% YoY); Cash App $1.38B (+16%), Square $924M (+12%).
- Operating income $13M (1% margin); adjusted operating income $402M (17% margin).
- Net income $1.95B; adjusted EBITDA $757M.
- Cash App Borrow originations scaled to ~$9B in past year.
- Square overhauled technology to an orders platform; new Square POS app rolled out.