Block (XYZ) FY2024 results: revenue $24.1 billion, up 10.1% on the year
Block, Inc. (XYZ) reported revenue of $24.1 billion for fiscal 2024, the year ended 31 December 2024, up 10.1% on the year before. Net income was $2.9 billion, up 29546.4%, and diluted earnings per share $4.56. The figures are the company's own, from the 10-K it filed with the SEC on 24 February 2025.
Revenue
$24.1 billion
+10.1% on the year
FY2017FY2024
Operating margin
3.7%
-1.3% a year earlier
FY2017FY2024
Net income
$2.9 billion
+29,546.4% on the year
FY2017FY2024
Diluted EPS
$4.56
+22,700.0% on the year
FY2017FY2024
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
FY2024
FY2023
FY2022
On the year
Last 8 years
Operating cash flow
1,707
101
176
+1,591.1%
Capital expenditure
154
151
171
+1.8%
Free cash flow
1,553
-50.2
5.1
Free cash flow margin
6.4%
-0.2%
0.0%
Cash from investing
650
683
1,226
-4.9%
Cash from financing
1,953
-240
97.6
Depreciation and amortisation
376
409
341
-7.9%
Share-based compensation
1,273
1,276
1,071
-0.3%
Buybacks
1,170
157
0.0
+646.3%
Diluted shares, weighted
636m
614m
579m
+3.6%
Balance sheet
$ million
FY2024
FY2023
FY2022
On the year
Last 8 years
Shareholders' equity
21,268
18,695
17,223
+13.8%
Non-controlling interest
-33.0
-2.4
28.5
Debt
7,587
5,728
5,908
+32.5%
Operating lease liabilities
279
290
357
-3.9%
Other liabilities
7,677
8,321
7,847
-7.7%
Total liabilities and equity
36,778
33,031
31,364
+11.3%
Fixed assets
314
296
329
+6.2%
Goodwill
11,417
11,920
11,967
-4.2%
Intangible assets
1,433
1,762
2,014
-18.6%
Investments
n/a
n/a
1,655
Securities held for sale or to maturity
875
1,103
n/a
-20.6%
Cash and equivalents
8,075
4,996
4,544
+61.6%
Receivables
149
135
141
+10.4%
Inventory
105
110
97.7
-4.6%
Other assets
14,408
12,710
10,617
+13.4%
Total assets
36,778
33,031
31,364
+11.3%
10-K for the year ended 31 December 2024, filed 24 February 2025: the filing.