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Block (SQ) Revenue & Revenue Breakdown

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Block Revenue Highlights

Latest Revenue (Y)

$21.92B

Latest Revenue (Q)

$5.98B

Main Segment (Y)

Cryptocurrency Denominated Assets

Main Geography (Y)

UNITED STATES

Block Revenue by Period

Block Revenue by Year

DateRevenueChange
2023-12-31$21.92B25.01%
2022-12-31$17.53B-0.73%
2021-12-31$17.66B85.95%
2020-12-31$9.50B101.50%
2019-12-31$4.71B42.91%
2018-12-31$3.30B48.95%
2017-12-31$2.21B29.59%
2016-12-31$1.71B34.85%
2015-12-31$1.27B49.04%
2014-12-31$850.19M53.90%
2013-12-31$552.43M171.53%
2012-12-31$203.45M-

Block generated $21.92B in revenue during NA 2023, up 25.01% compared to the previous quarter, and up 664.48% compared to the same period a year ago.

Block Revenue by Quarter

DateRevenueChange
2024-09-30$5.98B-2.92%
2024-06-30$6.16B3.33%
2024-03-31$5.96B3.19%
2023-12-31$5.77B2.77%
2023-09-30$5.62B1.49%
2023-06-30$5.53B10.92%
2023-03-31$4.99B7.29%
2022-12-31$4.65B3.00%
2022-09-30$4.52B2.52%
2022-06-30$4.40B11.21%
2022-03-31$3.96B-2.89%
2021-12-31$4.08B6.08%
2021-09-30$3.84B-17.86%
2021-06-30$4.68B-7.45%
2021-03-31$5.06B60.09%
2020-12-31$3.16B4.12%
2020-09-30$3.03B57.72%
2020-06-30$1.92B39.28%
2020-03-31$1.38B5.15%
2019-12-31$1.31B3.71%
2019-09-30$1.27B7.85%
2019-06-30$1.17B22.40%
2019-03-31$959.36M2.88%
2018-12-31$932.53M5.72%
2018-09-30$882.11M8.24%
2018-06-30$814.94M21.89%
2018-03-31$668.60M8.53%
2017-12-31$616.03M5.28%
2017-09-30$585.16M6.10%
2017-06-30$551.50M19.49%
2017-03-31$461.55M2.13%
2016-12-31$451.92M2.94%
2016-09-30$439.00M0.11%
2016-06-30$438.53M15.63%
2016-03-31$379.27M1.31%
2015-12-31$374.36M12.70%
2015-09-30$332.19M7.15%
2015-06-30$310.01M23.73%
2015-03-31$250.56M-0.13%
2014-12-31$250.89M10.32%
2014-09-30$227.42M-

Block generated $5.98B in revenue during Q3 2024, up -2.92% compared to the previous quarter, and up 107.96% compared to the same period a year ago.

Block Revenue Breakdown

Block Revenue Breakdown by Product

Annual Revenue by Product

Product/ServiceDec 23Dec 22Dec 21Dec 20Dec 19
Software and Data Products$5.94B$4.55B$2.71B$1.54B$1.03B
Cryptocurrency Denominated Assets$9.50B$7.11B$10.01B$4.57B$516.47M
Hardware$157.18M$164.42M$145.68M$91.65M$84.50M
Transaction$6.32B$5.70B$4.79B$3.29B$3.08B

Block's latest annual revenue breakdown by segment (product or service), as of Dec 23: Cryptocurrency Denominated Assets (43.34%), Transaction (28.82%), Software and Data Products (27.13%), and Hardware (0.72%).

Quarterly Revenue by Product

Product/ServiceSep 24Jun 24Mar 24Dec 23Sep 23Jun 23Mar 23Dec 22Sep 22Jun 22Mar 22Dec 21Sep 21Jun 21Mar 21Dec 20Sep 20Jun 20Mar 20Dec 19
Software and Data Products$1.80B$1.79B$1.68B$1.62B$1.49B$1.46B$1.37B$1.31B$1.19B$1.09B$959.56M$772.10M$694.77M$685.18M$557.68M$449.37M$447.52M$346.27M$296.24M$281.42M
Hardware$36.84M$42.96M$32.50M$32.46M$42.34M$44.92M$37.45M$35.65M$43.39M$48.05M$37.33M$35.91M$37.26M$43.73M$28.79M$24.36M$27.29M$19.32M$20.68M$22.27M
Cryptocurrency Denominated Assets$2.43B$2.61B$2.73B$2.52B$2.42B$2.39B$2.16B$1.83B$1.76B$1.79B$1.73B$1.96B$1.82B$2.72B$3.51B$1.76B$1.63B$875.46M$306.10M$177.57M
Transaction$1.71B$1.71B$1.51B$1.60B$1.66B$1.64B$1.42B$1.47B$1.52B$1.48B$1.23B$1.31B$1.30B$1.23B$959.73M$929.01M$925.29M$682.57M$758.10M$832.18M

Block's latest quarterly revenue breakdown by segment (product or service), as of Sep 24: Cryptocurrency Denominated Assets (40.64%), Software and Data Products (30.09%), Transaction (28.66%), and Hardware (0.62%).

Block Revenue Breakdown by Country

Annual Revenue by Country

CountryDec 23Dec 22Dec 21Dec 20Dec 19
UNITED STATES$20.42B$16.31B$17.08B$9.19B$4.47B
Non-US$1.50B$1.22B$583.67M$311.14M$241.03M

Block's latest annual revenue breakdown by geography, as of Dec 23: UNITED STATES (93.16%), and Non-US (6.84%).

Quarterly Revenue by Country

CountrySep 24Jun 24Mar 24Dec 23Sep 23Jun 23Mar 23Dec 22Sep 22Jun 22Mar 22Dec 21Sep 21Jun 21Mar 21Dec 20Sep 20Jun 20Mar 20Dec 19
Non-US$455.92M$423.69M$390.83M$420.76M$389.51M$363.40M$325.50M$344.11M$320.25M$257.00M$239.05M$180.55M$165.12M$144.07M$93.94M$99.50M$86.47M$57.64M$67.52M$74.39M
UNITED STATES$5.52B$5.73B$5.57B$5.35B$5.23B$5.17B$4.66B$4.31B$4.20B$4.15B$3.72B$3.90B$3.68B$4.54B$4.96B$3.06B$2.95B$1.87B$1.31B$1.24B

Block's latest quarterly revenue breakdown by geography, as of Sep 24: UNITED STATES (92.37%), and Non-US (7.63%).

Block Peer Comparison by Revenue

TickerCompanyLast Year RevenueLast Quarter Revenue
MSFTMicrosoft$245.12B$65.58B
SQBlock$21.92B$5.98B
ADBEAdobe$19.41B$5.41B
PANWPalo Alto Networks$8.03B$2.14B
CRWDCrowdStrike$3.06B$1.01B
PLTRPalantir$2.23B$725.52M
ZSZscaler$2.17B$627.96M
MDBMongoDB$1.68B$529.38M
PATHUiPath$1.31B$316.25M
NETCloudflare$1.30B$430.08M
OKTAOkta$2.26M$665.00M
ORCLOracle-$14.06B

SQ Revenue FAQ

What is Block’s yearly revenue?

Block's yearly revenue for 2023 was $21.92B, representing an increase of 25.01% compared to 2022. The company's yearly revenue for 2022 was $17.53B, representing a decrease of -0.73% compared to 2021. SQ's yearly revenue for 2021 was $17.66B, representing an increase of 85.95% compared to 2020.

What is Block’s quarterly revenue?

Block's quarterly revenue for Q3 2024 was $5.98B, a -2.92% decrease from the previous quarter (Q2 2024), and a 6.38% increase year-over-year (Q3 2023). The company's quarterly revenue for Q2 2024 was $6.16B, a 3.33% increase from the previous quarter (Q1 2024), and a 11.21% increase year-over-year (Q2 2023). SQ's quarterly revenue for Q1 2024 was $5.96B, a 3.19% increase from the previous quarter (Q4 2023), and a 19.38% increase year-over-year (Q1 2023).

What is Block’s revenue growth rate?

Block's revenue growth rate for the last 3 years (2021-2023) was 24.09%, and for the last 5 years (2019-2023) was 364.95%.

What are Block’s revenue streams?

Block's revenue streams in c 23 are Software and Data Products, Cryptocurrency Denominated Assets, Hardware, and Transaction. Software and Data Products generated $5.94B in revenue, accounting 27.13% of the company's total revenue, up 30.58% year-over-year. Cryptocurrency Denominated Assets generated $9.5B in revenue, accounting 43.34% of the company's total revenue, up 33.54% year-over-year. Hardware generated $157.18M in revenue, accounting 0.72% of the company's total revenue, down -4.40% year-over-year. Transaction generated $6.32B in revenue, accounting 28.82% of the company's total revenue, up 10.76% year-over-year.

What is Block’s main source of revenue?

For the fiscal year ending Dec 23, the largest source of revenue of Block was Cryptocurrency Denominated Assets. This segment made a revenue of $9.5B, representing 43.34% of the company's total revenue.