Block Q3 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
- Jul 1 – Sep 30, 2025
- Reported
- Nov 6, 2025
Revenue$6.12B
+2% year over year
Gross profit$2.66B
44% margin
Operating profit$0.41B
7% margin
Net profit$0.46B
8% margin
Net profit is larger than what operations earned, because the statement adds $0.19B below it, under Other income, net.
The numbers
| Item | Value | Share of revenue | Year over year |
|---|---|---|---|
| Revenue | 6.12 | 100% | +2% |
| Software & data products | 2.21 | 36% | +23% |
| Cryptocurrency denominated | 1.97 | 32% | −19% |
| Transaction | 1.87 | 31% | +9% |
| Hardware | 0.07 | 1% | +91% |
| Cost of revenue | −3.45 | 56% | |
| Gross profit | 2.66 | 44% margin | +6pp |
| R&D | −0.71 | 12% | +0pp |
| Sales & marketing | −0.60 | 10% | +1pp |
| G&A | −0.54 | 9% | +1pp |
| Other | −0.40 | 6% | |
| Operating profit | 0.41 | 7% margin | +1pp |
| Other income, net | 0.19 | ||
| Tax | −0.14 | ||
| Net profit | 0.46 | 8% margin | +3pp |
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