Block (XYZ) FY2023 results: revenue $21.9 billion, up 25.0% on the year
Block, Inc. (XYZ) reported revenue of $21.9 billion for fiscal 2023, the year ended 31 December 2023, up 25.0% on the year before. Net income was $10 million, and diluted earnings per share $0.02. The figures are the company's own, from the 10-K it filed with the SEC on 22 February 2024.
Revenue
$21.9 billion
+25.0% on the year
FY2016FY2023
Operating margin
-1.3%
-3.6% a year earlier
FY2016FY2023
Net income
$10 million
FY2016FY2023
Diluted EPS
$0.02
FY2016FY2023
this yearthe year beforeHover a bar for its figure.
$ million except per share. Read moreFree cash flow is operating cash flow less capital expenditure; the effective tax rate is income tax over pre-tax income; margins are the line over revenue. Gross profit is revenue less cost of revenue, and operating income is revenue less the company's own total costs, where the statement does not print those lines. Those four are arithmetic on the filed numbers; everything else is as filed. Money is in $ million as the company files it, or in $ billion by the switch above the tables; per share figures and share counts are as they are.
Cash flow
$ million
FY2023
FY2022
FY2021
On the year
Last 8 years
Operating cash flow
101
176
848
-42.6%
Capital expenditure
151
171
134
-11.5%
Free cash flow
-50.2
5.1
714
Free cash flow margin
-0.2%
0.0%
4.0%
Cash from investing
683
1,226
-1,311
-44.3%
Cash from financing
-240
97.6
2,652
Depreciation and amortisation
409
341
135
+20.0%
Share-based compensation
1,276
1,071
608
+19.1%
Buybacks
157
0.0
0.0
Diluted shares, weighted
614m
579m
502m
+6.1%
Balance sheet
$ million
FY2023
FY2022
FY2021
On the year
Last 8 years
Shareholders' equity
18,695
17,223
3,273
+8.5%
Non-controlling interest
-2.4
28.5
40.7
Debt
5,728
5,908
5,057
-3.1%
Operating lease liabilities
290
357
395
-18.9%
Other liabilities
8,321
7,847
6,261
+6.0%
Total liabilities and equity
33,031
31,364
15,026
+5.3%
Fixed assets
296
329
282
-10.1%
Goodwill
11,920
11,967
519
-0.4%
Intangible assets
1,762
2,014
257
-12.5%
Investments
n/a
1,655
2,396
Securities held for sale or to maturity
1,103
n/a
n/a
Cash and equivalents
4,996
4,544
4,444
+10.0%
Receivables
135
141
89.7
-4.0%
Inventory
110
97.7
77.1
+12.7%
Other assets
12,710
10,617
6,962
+19.7%
Total assets
33,031
31,364
15,026
+5.3%
10-K for the year ended 31 December 2023, filed 22 February 2024: the filing.