Block's Income Statement Analysis: Revenue to Profit Breakdown
Block's Income Statement Analysis: Revenue to Profit Breakdown
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FY21
Dec 31, 2021
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FY22
Dec 31, 2022
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FY23
Dec 31, 2023
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FY24
Dec 31, 2024
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FY25
Dec 31, 2025
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TTM
Trailing 12M
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Revenue
Total sales generated. |
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$17.66 B | $17.53 B | $21.92 B | $24.12 B | $24.19 B | $24.48 B |
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Cost of Revenue Direct cost of goods/services. |
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$13.24 B | $11.54 B | $14.41 B | $15.23 B | $13.83 B | $13.50 B |
Gross Profit Revenue minus cost of revenue. |
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$4.42 B | $5.99 B | $7.50 B | $8.89 B | $10.36 B | $10.98 B |
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Operating Expense
Costs to run business. |
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$4.19 B | $6.57 B | $7.78 B | $8.00 B | $8.65 B | $9.77 B |
Research and Development Investment in innovation. |
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$1.40 B | $2.14 B | $2.72 B | $2.91 B | - | $3.24 B |
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Sales, General and Administrative
Selling and admin costs. |
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$2.60 B | $3.74 B | $4.23 B | $4.13 B | $4.27 B | $4.78 B |
General and Administrative Corporate overhead costs. |
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$983.33 M | $1.69 B | $2.21 B | $2.15 B | $2.00 B | $2.36 B |
Sales and Marketing Customer acquisition costs. |
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$1.62 B | $2.06 B | $2.02 B | $1.98 B | $2.27 B | $2.42 B |
Other Expenses Other operating costs. |
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$187.99 M | $689.44 M | $834.71 M | $948.93 M | $4.38 B | $1.75 B |
Operating Income Profit from operations. |
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$161.11 M | -$624.53 M | -$278.84 M | $892.33 M | $1.71 B | $1.21 B |
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Net Interest Income
Interest income minus expense. |
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-$33.12 M | -$36.23 M | $47.22 M | -$9.30 M | -$1.24 M | -$98.30 M |
Interest Income Income from investments. |
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- | - | $47.22 M | - | - | - |
Interest Expense Cost of borrowing. |
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$33.12 M | $36.23 M | - | $9.30 M | $1.24 M | $151.49 M |
Non-Operating Income (ex-Int) Income outside core operations. |
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-$29.47 M | -$95.44 M | -$249.70 M | -$145.51 M | $17.25 M | $113.08 M |
Total Other Income (Net) Net non-operating items. |
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-$3.65 M | $59.22 M | $249.70 M | $464.83 M | -$18.50 M | -$136.83 M |
Income Before Tax Profit before taxes. |
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$157.46 M | -$565.32 M | -$29.14 M | $1.36 B | $1.69 B | $1.07 B |
Income Tax Expense Taxes on income. |
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-$1.36 M | -$12.31 M | -$8.02 M | -$1.51 B | $385.70 M | $263.39 M |
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Net Income
Final profit. |
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$166.28 M | -$540.75 M | $9.77 M | $2.90 B | -$1.43 M | -$499.98 M |
Net Income From Continuing Operations Profit from core business. |
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$158.83 M | -$553.01 M | -$21.12 M | $2.87 B | -$1.43 M | -$500.05 M |
Net Income From Discontinued Operations Profit/loss from sold units. |
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- | - | - | - | - | - |
Other Adjustments to Net Income Additional accounting adjustments. |
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- | - | - | - | - | - |
Net Income Deductions Reductions from net income. |
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- | - | - | - | - | - |
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Earnings Per Share
Company profit allocated to each outstanding share. |
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EPS Earnings per share. Formula: Net Income ÷ Shares |
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$0.36 | -$0.93 | $0.02 | $4.70 | $2.13 | $1.30 |
Diluted EPS EPS including dilution. Formula: Net Income ÷ Diluted Shares |
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$0.33 | -$0.93 | $0.02 | $4.55 | $2.10 | $1.28 |
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Shares for EPS
Number of shares used to calculate EPS. |
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Weighted Average Shares Outst. Avg shares used for EPS. |
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458.43 M | 578.95 M | 608.86 M | 616.99 M | 612.24 M | 597.59 M |
Diluted Average Shares Outst. Shares including dilution. |
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501.78 M | 578.95 M | 614.02 M | 636.39 M | 622.84 M | 597.59 M |
| Supplemental Items | |||||||
EBIT Earnings before interest and tax. |
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$190.59 M | -$529.09 M | -$29.14 M | $1.04 B | $1.69 B | $1.56 B |
EBITDA Earnings before interest, tax, D&A. |
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$408.48 M | -$58.76 M | $390.53 M | $1.35 B | $1.69 B | $2.09 B |
Depreciation and Amortization Non-cash expense for assets. |
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$217.89 M | $470.33 M | $419.67 M | $307.76 M | - | $697.23 M |
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Block's Assets vs Liabilities & Equity
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