Block Inc - Ordinary Shares - Class A

NYSE:SQ   3:59:59 PM EDT
87.70
-2.00 (-2.23%)
: $88.00 +0.30 (+0.34%)
Earnings Announcements

Block Inc Reports Q2 2022 Total Net Revenue $4.40 Bln, Down 6%

Published: 08/04/2022 21:52 GMT
Block Inc - Ordinary Shares - Class A (SQ) - Block Announces Second Quarter 2022 Results.
Block Inc - in the Second Quarter of 2022, Total Net Revenue Was $4.40 Billion, Down 6%.
Block Inc - in the Second Quarter of 2022, Excluding Bitcoin Revenue, Total Net Revenue Was $2.62 Billion, Up 34%.
Block Inc - Qtrly Net Loss per Share Attributable to Common Stockholders Was $0.36.
Block Inc - Qtrly Adjusted Net Income per Share (adjusted Eps) Was $0.18.
Block Inc - Transaction-based Revenue Was $1.48 Billion in the Second Quarter of 2022, Up 20%.
Block Inc - Excluding Our Bnpl Platform, Gross Profit Was $1.32 Billion in Quarter , Up 16% Year Over Year.
Block Inc - Processed $52.5 Billion in Gpv in the Second Quarter of 2022, Up 23%.
Block Inc - for the Month of July, Square Gpv is Expected to Be Up 18% Year Over Year.
Block Inc - on a Three-year Cagr Basis, Gpv Growth is Expected to Be 23% in July.
Block Inc - in July, We Expect Cash App Gross Profit, Excluding Our Bnpl Platform, to Grow on a Year-over-year and Three-year Cagr Basis.
Block - in Q2, Recognized $57 Million of Amortization of Acquired Intangible Assets, $36 Million Bitcoin Impairment Loss, $17 Million in Deal & Integration-related Expenses.
Q2 Earnings per Share View $0.17, Revenue View $4.35 Billion -- Refinitiv Ibes Data (analyst estimates).
Revenue is expected to be $4.55 Billion
Adjusted EPS is expected to be $0.25

Next Quarter Revenue Guidance is expected to be $4.78 Billion
Next Quarter EPS Guidance is expected to be $0.29

More details on our Analysts Page.