Block 8/1/2024 Earnings Report

Block EPS Results

• Actual EPS: $0.93
• Consensus EPS: $0.84
• Beat/Miss: Beat by +$0.09
• One Year Ago EPS: $0.40

Block Revenue Results

• Actual Revenue: $6.16 billion
• Expected Revenue: $6.27 billion
• Beat/Miss: Missed by -$118.90 million
• YoY Revenue Growth: +11.20%

Block Announcement Details

• Date: 8/1/2024
• Time: After Market Closes
• Conference Call Date: N/A
• Conference Call Time: N/A

Square, Inc. provides payment and point-of-sale solutions in the United States and internationally. The company's commerce ecosystem includes point-of-sale software and hardware that enables sellers to turn mobile and computing devices into payment and point-of-sale solutions. It offers hardware products, including Magstripe reader, which enables swiped transactions of magnetic stripe cards; Contactless and chip reader that accepts EMV® chip cards and Near Field Communication payments; Chip card reader, which accepts EMV® chip cards and enables swiped transactions of magnetic stripe cards; Square Stand, which enables an iPad to be used as a payment terminal or full point of sale solution; and Square Register that combines its hardware, point-of-sale software, and payments technology, as well as managed payments solutions. The company also provides Square Point of Sale software; Cash App, which provides access to the financial system, allowing customers to electronically send, store, and spend money; Caviar, a food ordering platform for restaurants to offer food ordering, pickup and delivery, to their customers; and Square Capital that facilitates loans to sellers based on real-time payment and point-of-sale data. Square, Inc. was founded in 2009 and is headquartered in San Francisco, California.