FINHUB Insights

XYZ · Q3 FY24 · Jul 1 – Sep 30, 2024

Block Q3 FY24: where the revenue came from and where it went

Block Q3 FY24: revenue $6B (+6% year over year). Net profit $0.3B. Largest cohort Cryptocurrency Denominated Assets $2.4B. The whole income statement as a sankey diagram from the SEC filing.

Period
Jul 1 – Sep 30, 2024
Reported
Nov 7, 2024 10-Q
Sankey diagram of Block's income statement for Q3 FY24: revenue of $6 billion splits into segments and flows out into costs, taxes and net profit.

Tap the diagram to enlarge · figures in billions of dollars

Revenue$6B +6% year over year
Gross profit$2.2B 38% margin
Operating profit$0.3B 5% margin
Net profit$0.3B 5% margin

The numbers

All figures in billions of U.S. dollars, for Q3 FY24 (period ends Sep 30, 2024).
ItemValueShare of revenueYear over year
Revenue 6 100% +6%
Cryptocurrency Denominated Assets 2.4 40% +0%
Software and Data Products 1.8 30% +20%
Transaction 1.7 28% +3%
Cost of revenue−3.762%
Gross profit2.238% margin+4pp
Research & development−0.712%−1pp
Sales & marketing−0.59%+0pp
G&A−0.58%−1pp
Other−0.24%+0pp
Operating profit0.35% margin+6pp
Net profit0.35%+6pp
Filing on EDGAR More quarters of XYZ

Source of the numbers: structured XBRL data from the filing (10-Q). The diagram is generated automatically and checked against EDGAR before release. How we calculate it → About and methodology.

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