Block Q2 FY25: where the revenue came from and where it went
The whole income statement of Block for this quarter, as one diagram: what earned the revenue, and what it went on.
- Period
- Apr 1 – Jun 30, 2025
- Reported
- Aug 7, 2025
Revenue$6.05B
−2% year over year
Gross profit$2.54B
42% margin
Operating profit$0.48B
8% margin
Net profit$0.54B
9% margin
Net profit is larger than what operations earned, because the statement adds $0.18B below it, under Other income, net.
The numbers
| Item | Value | Share of revenue | Year over year |
|---|---|---|---|
| Revenue | 6.05 | 100% | −2% |
| Cryptocurrency denominated | 2.14 | 35% | −18% |
| Software & data products | 2.05 | 34% | +15% |
| Transaction | 1.82 | 30% | +6% |
| Hardware | 0.04 | 1% | −6% |
| Cost of revenue | −3.52 | 58% | |
| Gross profit | 2.54 | 42% margin | +6pp |
| R&D | −0.73 | 12% | +0pp |
| Sales & marketing | −0.55 | 9% | +1pp |
| G&A | −0.45 | 7% | +0pp |
| Other | −0.33 | 6% | +0pp |
| Operating profit | 0.48 | 8% margin | +3pp |
| Other income, net | 0.18 | ||
| Tax | −0.12 | ||
| Net profit | 0.54 | 9% margin | +6pp |
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