Block Inc - Ordinary Shares - Class A

NYSE:SQ   12:06:03 PM EDT
89.77
+6.36 (+7.62%)
Earnings Announcements

Block Announces First Quarter 2022 Results

Published: 05/05/2022 21:16 GMT
Block Inc - Ordinary Shares - Class A (SQ) - Block Announces First Quarter 2022 Results.
Block Inc - in the First Quarter of 2022, Total Net Revenue Was $3.96 Billion, Down 22% Year Over Year.
Block Inc - Transaction-based Revenue Was $1.23 Billion in the First Quarter of 2022, Up 28% Year Over Year.
Block Inc - Processed $43.5 Billion in Gpv in the First Quarter of 2022, Up 31% Year Over Year.
Block Inc - Subscription and Services-based Revenue Was $960 Million in the First Quarter of 2022, Up 72% Year Over Year.
Block - Net Loss per Share Attributable to Common Stockholders Was $0.38 on a Basic and Diluted Basis in the First Quarter of 2022.
Block Inc - Afterpay Contributed $65 Million of Revenue and $46 Million of Gross Profit to Cash App in the First Quarter of 2022.
Block Inc - in the First Quarter of 2022, Square Generated $1.44 Billion of Revenue and $661 Million of Gross Profit.
Block Inc- Qtrly Adjusted Net Income per Share (adjusted Eps) Was $0.18 on a Diluted Basis.
Block Inc - Afterpay Contributed $65 Million of Revenue and $46 Million of Gross Profit to Square in the First Quarter of 2022.
Q1 Earnings per Share View $0.21, Revenue View $4.16 Billion -- Refinitiv Ibes Data (analyst estimates).
Block Inc - Cash App Generated $1.73 Billion of Bitcoin Revenue and $43 Million of Bitcoin Gross Profit During the First Quarter of 2022.
Revenue is expected to be $4.37 Billion
Adjusted EPS is expected to be $0.16

Next Quarter Revenue Guidance is expected to be $4.62 Billion
Next Quarter EPS Guidance is expected to be $0.22

More details on our Analysts Page.