Block, Inc. (SQ)

Block Income Statement

Financials in millions USD. Fiscal year is January - December.

Year	2023	2022	2021	2020	2019
Revenue	21,916	17,532	17,661	9,498	4,714
Revenue Growth (YoY)	25.01%	-0.73%	85.95%	101.50%	42.91%
Cost of Revenue	14,411	11,540	13,241	6,764	2,824
Gross Profit	7,505	5,992	4,420	2,733	1,890
Selling, General & Admin	4,228	3,745	2,600	1,689	1,062
Research & Development	2,721	2,136	1,384	881.83	674.17
Other Operating Expenses	834.71	736.01	274.86	181.53	126.96
Operating Expenses	7,784	6,616	4,259	2,752	1,863
Operating Income	-278.84	-624.53	161.11	-18.82	26.56
Interest Expense / Income	-47.22	36.23	33.12	56.94	21.52
Other Expense / Income	-233.37	-107.7	-36.93	-291.73	-373.17
Pretax Income	1.75	-553.06	164.92	215.97	378.21
Income Tax	-8.02	-12.31	-1.36	2.86	2.77
Net Income	9.77	-540.75	166.28	213.11	375.45
Net Income Growth	-	-	-21.97%	-43.24%	-
Shares Outstanding (Basic)	609	579	458	443	425
Shares Outstanding (Diluted)	614	579	502	482	466
Shares Change	6.06%	15.38%	4.07%	3.45%	14.87%
EPS (Basic)	0.02	-0.93	0.36	0.48	0.88
EPS (Diluted)	0.02	-0.93	0.33	0.44	0.81
EPS Growth	-	-	-25.00%	-45.68%	-
Free Cash Flow	-50.19	5.09	713.51	34.71	265.13
Free Cash Flow Per Share	-0.08	0.01	1.56	0.08	0.62
Gross Margin	34.24%	34.18%	25.03%	28.78%	40.09%
Operating Margin	-1.27%	-3.56%	0.91%	-0.20%	0.56%
Profit Margin	0.04%	-3.08%	0.94%	2.24%	7.97%
Free Cash Flow Margin	-0.23%	0.03%	4.04%	0.37%	5.62%
Effective Tax Rate	-457.44%	-	-0.83%	1.33%	0.73%
EBITDA	507.29	-46.5	415.94	427.38	505.02
EBITDA Margin	2.31%	-0.27%	2.36%	4.50%	10.71%
Depreciation & Amortization	552.76	470.33	217.89	154.47	105.29
EBIT	-45.47	-516.83	198.04	272.91	399.73
EBIT Margin	-0.21%	-2.95%	1.12%	2.87%	8.48%

Source: Financials are provided by Nasdaq Data Link and sourced from the audited annual (10-K) and quarterly (10-Q) reports submitted to the Securities and Exchange Commission (SEC).