Block: Q4 Financial Results Overview

Block, Inc. Announces Fourth-Quarter Earnings

Block, Inc., headquartered in Oakland, California, revealed on Thursday that it achieved a net profit of $115.6 million for the fourth quarter.

The company reported earnings of $0.19 per share, with adjusted earnings—excluding certain one-time items—coming in at $0.65 per share.

These adjusted results were in line with what analysts had anticipated. According to Zacks Investment Research, the consensus estimate from 11 analysts was also $0.65 per share.

During the quarter, Block generated $6.25 billion in revenue, which was slightly below the $6.28 billion average forecast from 10 analysts polled by Zacks.