CashApp Monthly Actives

Gross Payment Volume

Revenue segments as reported by the company.

Transactions

Subscriptions & Services

Hardware

Bitcoin

Revenue Segments

Gross Profit, Operating Income, and Net Income as a percentage of Revenue

Gross Margin

Operating Margin

Profit Margin

Margins

An operating expense is an expense a business incurs through its normal business operations. Often abbreviated as OPEX.

Product Development

Sales & Marketing

General & Administrative

Transaction, Loan & Advance Losses

Bitcoin impairment losses

Amortization of acquired customer assets

Operating Expenses

Year over year growth in Revenue and Operating Expenses.

Revenue Y/Y

OpEx Y/Y

Growth

Shares outstanding refer to a company's stock currently held by all its shareholders, including share blocks held by institutional investors and restricted shares owned by the company's officers and insiders.

Outstanding Shares

Market Cap

Also known as Price/Sales Ratio. Calculated using Average market cap for the quarter / Annualized quarterly revenue.

Revenue Multiple

Block

Cash App (formerly known as Square Cash) is a mobile payment service developed by Square, Inc., allowing users to transfer money to one another using a mobile phone app. As of February 18, 2018, the service recorded 7 million active users.

Square Cash

Block, Inc. engages in creating ecosystems for distinct customer audiences. It operates through the Square and Cash App segments. The Square segment provides businesses the ability to accept card payments. The Cash App segment offers an ecosystem of financial products and services to help consumers manage their money. The company was founded by Jack Patrick Dorsey and James Morgan McKelvey in February 2009 and is headquartered in Oakland, CA.

Earnings data Q1 2021

Earnings data Q2 2021

Earnings data Q3 2021

Earnings data Q4 2021

Earnings data Q1 2022

Earnings data Q2 2022

Earnings data Q3 2022

Earnings data Q4 2022

Earnings data Q1 2023

Earnings data Q2 2023

Earnings data Q3 2023

Earnings data Q4 2023

Earnings data Q1 2024

Earnings data Q2 2024

Earnings data Q3 2024

Earnings data Q4 2024

Block (SQ) targets $1.3B EBITDA in 2023, Cash App growth

Block (SQ) is focused on achieving Rule of 40 on adjusted operating income, with a target of over 100% gross profit retention. The company is strategically aligning external disclosures with internal operations and emphasizing customer retention and real cost accountability.

Square (SQ) excels in Q1 2023, eyes global growth opportunities

Block (SQ) delivered strong Q1 2023 results with growth in key financial metrics and a positive outlook for the full year. The company's focus on profitability, compliance, and strategic growth areas positions it well for future success. Addressing challenges around risk management and sustaining growth will be crucial moving forward.

Block (SQ) reports stellar Q2 earnings, eyes growth in Cash App and strategic partnerships

Block (SQ) delivered robust Q2 2023 results with strong gross profit growth and increased profitability guidance for the year.
Cash App's performance and expansion into new demographics highlight growth potential and strategic partnerships.
Operating leverage strategies are being employed to enhance efficiency and optimize costs for sustained growth.
Challenges lie in maintaining growth momentum, disciplined risk management, and navigating competitive fintech landscape.

Square reports solid Q3 performance, eyes growth through innovation

Square's Q3 performance showcased growth in key metrics despite challenges, with a strategic focus on innovation, efficiency, and capital allocation for future success.
Cash App's evolution into a banking relationship and Square's commitment to Bitcoin highlight opportunities for expansion and leadership in digital payments.
Challenges such as system outages, macro trends impacting growth, and cost optimization require strategic adaptation and disciplined execution for sustained success.
Overall, Square's performance, strengths, challenges, and opportunities position the company well for future growth and leadership in the digital payments landscape.

Block (SQ) posts impressive Q4 earnings, eyes international expansion

Block (SQ) reported strong financials for Q4 2023, with a focus on product innovation, banking relationships, and growth opportunities. Despite challenges in certain segments, Square remains optimistic about future growth and new product launches.

Block (SQ) reports robust Q1 results, raises full-year guidance

Block (SQ) Q1 2024 earnings call highlighted strong financial performance, raised full-year guidance, and emphasized compliance efforts. The company is on track with key initiatives like Afterpay integration and product enhancements.

Square reports stellar Q2 earnings, eyes sustainable growth strategies

Square's Q2 2024 earnings call showcased robust financial performance, marked by significant growth in gross profit, EBITDA, and operating income.
The company's strategic initiatives, including reorganization, share repurchase program, and increased guidance, reflect a strong focus on long-term value creation.
While facing challenges in operational execution and market dynamics, Square remains well-positioned to capitalize on growth opportunities and drive shareholder value.
By balancing growth and profitability, Square aims to achieve sustainable success and deliver value to both investors and customers.

Square (SQ) posts strong Q3 results, eyes growth amid challenges

Block (SQ) delivered a robust performance in Q3 2024, with strong financial metrics and raised guidance for the full year, signaling confidence in future prospects.
While facing challenges such as increased expenses and regulatory impacts, Square's focus on growth opportunities like expanding margins and product strategies positions it well for future success.
Strategic initiatives around sales, marketing, efficiency gains, and product innovation underscore Square's commitment to sustainable growth and market leadership.

Revenue

Cost of revenue

Gross profit

Operating expenses

SG&A

Other

Operating income

EBITDA

Net income

Earnings per share

Total assets

Current assets

Cash & equivalents

Receivables

Inventory

Non-current assets

Net PPE

Intangibles

Total liabilities

Current liabilities

Short term debt

Income tax payable

Non-current liabilities

Long-term debt

Total equity

Stockholders equity

Minority interest

Total liabilities & equity

Total debt

Net debt

Book value per share

Cash from operations

Funds from operations

Change in working capital

Cash from investing

Capital expenditure

Purchase/sale of investments

Purchase/sale of business

Other sources

Cash from financing

Change in stock

Change in debt

Cash dividends paid

Cash from other sources

Net change in cash

Free cash flow

Block's expanding partner base and strong positioning in the digital payments industry are driving prospects despite stiff competition and stretched valuation.

Can SQ's Expanding Footprint in BNPL Domain Push the Stock Higher?

Pinterest

Every earnings season has its share of sell-the-news reactions that punish good stocks despite reporting solid earnings reports. The market is known to overreact as selling begets more selling, just as buying begets more buying.

2 Tech Stock Bargains Offering Buy the Dip Opportunities

DISTRIBUTED-WORK-MODEL/SAN FRANCISCO--(BUSINESS WIRE)--Afterpay, a leading Buy Now, Pay Later (BNPL), announced today its flexible payment functionality will be available for consumers checking out online through Google Pay at select merchants. For consumers who are looking for more ways to pay this holiday season, they can now choose Afterpay at checkout to spread their purchases out in installments. According to an Afterpay survey, 1 in 3 shoppers considered using BNPL due to the convenience.

Afterpay's BNPL Now Available on Google Pay, Offering Shoppers Even More Choice and Flexibility

Tesla

These Artificial Intelligence (AI) Stocks Have Soared Since Trump Won the Election, but Should You Buy?

DISTRIBUTED-WORK-MODEL/OAKLAND, Calif.--(BUSINESS WIRE)--Bitkey, the self-custody wallet built by Block, Inc. (NYSE: SQ), announced today the launch of an inheritance feature for customers around the world that will start to roll out next month, and will be available to all Bitkey customers in January 2025. While people who hold the keys to their bitcoin have full control of their money, today's solutions don't offer a simple way to pass their bitcoin on to the next generation. Today, those who.

Bitkey Launches an Inheritance Feature for Seamless Legacy Bitcoin Transfers

Amazon

Uber

TipRanks' analyst ranking service pinpoints Wall Street's best-performing stocks, including Amazon and Uber Technologies.

Top Wall Street analysts are upbeat on these stocks for the long haul

Why Block Stock Was Winning This Week

Block (SQ) has been one of the stocks most watched by Zacks.com users lately. So, it is worth exploring what lies ahead for the stock.

Block, Inc. (SQ) Is a Trending Stock: Facts to Know Before Betting on It

An analyst initiated coverage of Block following the company's third-quarter financial results.

Why Block Stock Jumped Today

The Zacks Style Scores offers investors a way to easily find top-rated stocks based on their investing style. Here's why you should take advantage.

Why Block (SQ) is a Top Momentum Stock for the Long-Term

Block (NYSE: SQ) delivered disappointing 3Q FY2024 results, missing revenue estimates and guiding for a weak margin in 4Q due to delayed cost benefits pushed into FY2025. A continued deceleration in GPV growth in 3Q was driven by weather and hurricane impacts but management anticipates a rebound in 4Q, with significant acceleration expected in FY2025. I expect YoY growth in gross profit and adjusted operating margin to improve in FY2025, potentially allowing SQ to achieve the Rule of 40 sooner than 2026.

Block: Anticipating Gross Profit Rebound And Margin Expansion From Strong GPV Growth In FY2025

Block CEO Jack Dorsey tweeted in 2021 that his company was starting a crypto unit called TBD and its "primary focus is #Bitcoin." Block said on Thursday that it was "winding down" TBD after a stretch of layoffs.

Jack Dorsey dramatically scales back crypto ambitions for Block

SQ's third-quarter 2024 results benefit from the solid momentum across the Square and Cash App ecosystems.

Block Q3 Earnings Meet Estimates: Can Strong Guidance Aid the Stock?

Affirm

Bill.com

Marqeta

Upstart Holdings

On Wall Street, what goes up must go down, and vice versa. A momentous week with a seesaw of volatility in the markets could be rightly chalked up to the seismic shifts from elections Tuesday (Nov. 5).

Volatile FinTech Stocks Highlight Promise, Perils of Financial Services' Digital Makeover

Shares of Block Inc SQ tumbled in early trading on Friday, after the company reported mixed third-quarter results.

Block Reports Mixed Q3, Analysts Consider Preliminary 2025 Outlook As Aggressive

Buy now, pay later (BNPL) providers' shares reversed their months-long climbs Friday, sliding ahead of a close to the year seen as vital to expanding their businesses.

Buy Now, Pay Later Firms' Earnings Are In. Now They're Looking for Holiday Growth

The stock has been underperforming, but the company is becoming more profitable.

Why Is Block Stock Down After Earnings Despite Solid Improvements?

Block reported decent Q3 '24 results, driven by Cash App's strength. Block's EBITDA grew 69% year-over-year, with margins expanding to 36%, supported by Cash App's momentum and an improved cost structure. Shares are attractively valued at 16.7X FY 2025 earnings, making Block a strong buy due to its rapid growth and profitability.

Block: A Cheap And Solid Fintech Play

Toast

Fintech stocks Block Inc (NYSE:SQ) and Toast Inc  (NYSE:TOST) are staging opposite post-earnings reactions this morning.

2 Fintech Stocks in Focus After Earnings

Jack Dorsey's Block is scaling back its investment in TIDAL, the music streaming platform once owned by Jay-Z, according to a shareholder letter on Thursday. Block is also shutting down TBD, a Bitcoin-focused arm of the business that previously set out to build a decentralized internet, dubbed “Web5.

Block scales back TIDAL investment and shutters TBD in favor of Bitcoin mining

Block, Inc. (NYSE:SQ ) Q3 2024 Earnings Conference Call November 7, 2024 5:00 PM ET Company Participants Nikhil Dixit - Head of IR Jack Dorsey - Block Head, Square Head, Chairman, & Co-Founder Amrita Ahuja - COO & CFO Conference Call Participants Tien-Tsin Huang - JPMorgan Timothy Chiodo - UBS Darrin Peller - Wolfe Research Ramsey El-Assal - Barclays Will Nance - Goldman Sachs Dan Dolev - Mizuho Alex Markgraff - KBCM Jeff Cantwell - Seaport Research Harshita Rawat - Bernstein Andrew Bausch - Wells Fargo Trevor Williams - Jefferies Andrew Jeffrey - William Blair Operator Good day, ladies and gentlemen, and welcome to the Block Third Quarter 2024 Earnings Conference Call. Today's call will be 45 minutes.

Block, Inc. (SQ) Q3 2024 Earnings Call Transcript

Block, formerly known as Square and the owner of Cash App, has distinct ambitions. And they vary for each of its business lines.

Block Earnings Show Jack Dorsey's Bitcoin and Banking Ambitions

The headline numbers for Block (SQ) give insight into how the company performed in the quarter ended September 2024, but it may be worthwhile to compare some of its key metrics to Wall Street estimates and the year-ago actuals.

Here's What Key Metrics Tell Us About Block (SQ) Q3 Earnings

Block (SQ) came out with quarterly earnings of $0.88 per share, in line with the Zacks Consensus Estimate. This compares to earnings of $0.55 per share a year ago.

Block (SQ) Q3 Earnings Meet Estimates

Square stock tumbled as parent Block reported Q3 earnings that met Wall Street estimates while revenue and key financial metrics missed. The post Square Stock Falls On Q3 Revenue Miss, Disappointing Outlook appeared first on Investor's Business Daily.

News for Block Stock (SQ)