FINHUB Insights

XYZ · Q2 FY25 · Apr 1 – Jun 30, 2025

Block Q2 FY25: where the revenue came from and where it went

Block Q2 FY25: revenue $6.1B (−2% year over year). Net profit $0.5B. Largest cohort Cryptocurrency Denominated Assets $2.1B. The whole income statement as a sankey diagram from the SEC filing.

Period
Apr 1 – Jun 30, 2025
Reported
Aug 7, 2025 10-Q
Sankey diagram of Block's income statement for Q2 FY25: revenue of $6.1 billion splits into segments and flows out into costs, taxes and net profit.

Tap the diagram to enlarge · figures in billions of dollars

Revenue$6.1B −2% year over year
Gross profit$2.5B 42% margin
Operating profit$0.5B 8% margin
Net profit$0.5B 9% margin

The numbers

All figures in billions of U.S. dollars, for Q2 FY25 (period ends Jun 30, 2025).
ItemValueShare of revenueYear over year
Revenue 6.1 100% −2%
Cryptocurrency Denominated Assets 2.1 34% −18%
Software and Data Products 2.1 34% +15%
Transaction 1.8 30% +6%
Cost of revenue−3.557%
Gross profit2.542% margin+6pp
Research & development−0.912%+0pp
Sales & marketing−0.59%+1pp
G&A−0.47%+0pp
Other−0.35%+0pp
Operating profit0.58% margin+3pp
Tax−0.2
Net profit0.59%+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.

Older quarters