Sector: Industrials | Industry: Business Support Services |
See Regulatory Filings on SEC |
Company Contact | |
Address: | 1955 Broadway, Suite 600 OAKLAND CA 94612 |
Tel: | N/A |
Website: | https://squareup.com |
IR: | See website |
Key People | ||
Jack Dorsey Executive Chairman of the Board, Block Head | Amrita Ahuja Chief Financial Officer, Chief Operating Officer | Brian Grassadonia Chief Executive Officer, Cash App | Chrysty Esperanza Chief Legal Officer, Corporate Secretary |
Business Overview |
Block, Inc. is focused on creating ecosystems for distinct customer audiences. The Company operates through two segments: Square and Cash App. Square segment includes managed payment services, software solutions, hardware, and financial services offered to sellers, excluding those that involve Cash App. Square is a cohesive commerce ecosystem that helps sellers start, run, and grow their businesses, including enabling sellers to accept card payments, provide reporting and analytics, and facilitating next-day settlement. Cash App segment includes the financial tools available to individuals within the mobile Cash App, including peer-to-peer payments, bitcoin and stock investments. Cash App also includes Cash App Card, which is linked to customer stored balances that customers can use to pay for purchases or withdraw funds from an ATM. Cash App also includes the BNPL platform. Its bitcoin ecosystem includes TBD, which is an open developer platform. |
Financial Overview |
For the three months ended 31 March 2024, Block Inc revenues increased 19% to $5.96B. Net income increased from $98.3M to $472M. Revenues reflect Cash APP segment increase of 28% to $4.17B, Square segment increase of 4% to $1.73B, United States segment increase of 19% to $5.57B, International segment increase of 20% to $390.8M. Net income benefited from Other income, net - Balancing value increase from $92.6M to $238.9M (income). |
Employees: | 12,985 as of Dec 31, 2023 |
Reporting Currency: | U.S. Dollars |
Enterprise value: | $42,383M as of Mar 31, 2024 |
Annual revenue (TTM): | $22,883M as of Mar 31, 2024 |
EBITDA (TTM): | $1,234M as of Mar 31, 2024 |
Net annual income (TTM): | $498.62M as of Mar 31, 2024 |
Free cash flow (TTM): | $145.06M as of Mar 31, 2024 |
Net Debt Last Fiscal Year: | N/A |
Shares outstanding: | 617,041,000 as of Apr 29, 2024 |
TTM: Trailing Twelve Months EBITDA: Earnings Before Interest, Taxes, Depreciation, & Amortization |