FINHUB Insights

XYZ · Q1 FY25 · Jan 1 – Mar 31, 2025

Block Q1 FY25: where the revenue came from and where it went

Block Q1 FY25: revenue $5.8B (−3% year over year). Net profit $0.2B. Largest cohort Cryptocurrency Denominated Assets $2.3B. The whole income statement as a sankey diagram from the SEC filing.

Period
Jan 1 – Mar 31, 2025
Reported
May 1, 2025 10-Q
Sankey diagram of Block's income statement for Q1 FY25: revenue of $5.8 billion splits into segments and flows out into costs, taxes and net profit.

Tap the diagram to enlarge · figures in billions of dollars

Revenue$5.8B −3% year over year
Gross profit$2.3B 40% margin
Operating profit$0.3B 6% margin
Net profit$0.2B 3% margin

The numbers

All figures in billions of U.S. dollars, for Q1 FY25 (period ends Mar 31, 2025).
ItemValueShare of revenueYear over year
Revenue 5.8 100% −3%
Cryptocurrency Denominated Assets 2.3 40% −16%
Software and Data Products 1.9 33% +12%
Transaction 1.6 28% +3%
Cost of revenue−3.560%
Gross profit2.340% margin+5pp
Research & development−0.813%+1pp
Sales & marketing−0.59%+1pp
G&A−0.59%+1pp
Other−0.24%+0pp
Operating profit0.36% margin+2pp
Interest & other costs−0.1
Net profit0.23%−5pp
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.

Older quarters