
Block's Revenue Surges 25% to $21.9B Amid Bitcoin Boom and Core Growth
Block, Inc.Description
What this story covers
Block, Inc. reported 21 point 9 billion dollars net revenue in 2023, up 25 percent, driven by 34 percent bitcoin growth to 9 point 5 billion dollars and 19 percent core rise. GPV hit 227 point 7 billion dollars, Cash App actives 56 million with 248 billion dollars inflows. Turned to 9 point 8 million dollars net income via efficiency, employee cap at 12 thousand. Liquidity 7 point 7 billion dollars supports growth amid risks in competition, regulation, crypto.
Story snapshot
CompanyBlock, Inc.
TickerXYZ
VariantStandard detailed
Duration18:10
Filing type10-K
PeriodAnnual 2023
IndustryFinancial Services
Accession0001628280-24-006354
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