Block (SQ) Revenue & Revenue Breakdown
Block Revenue Highlights
Latest Revenue (Y)
$21.92B
Latest Revenue (Q)
$6.16B
Main Segment (Y)
Cryptocurrency Denominated Assets
Main Geography (Y)
UNITED STATES
Block Revenue by Period
Block Revenue by Year
| Date | Revenue | Change |
|---|---|---|
| 2023-12-31 | $21.92B | 25.01% |
| 2022-12-31 | $17.53B | -0.73% |
| 2021-12-31 | $17.66B | 85.95% |
| 2020-12-31 | $9.50B | 101.50% |
| 2019-12-31 | $4.71B | 42.91% |
| 2018-12-31 | $3.30B | 48.95% |
| 2017-12-31 | $2.21B | 29.59% |
| 2016-12-31 | $1.71B | 34.85% |
| 2015-12-31 | $1.27B | 49.04% |
| 2014-12-31 | $850.19M | 53.90% |
| 2013-12-31 | $552.43M | 171.53% |
| 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
| Date | Revenue | Change |
|---|---|---|
| 2024-06-30 | $6.16B | 3.33% |
| 2024-03-31 | $5.96B | 3.19% |
| 2023-12-31 | $5.77B | 2.77% |
| 2023-09-30 | $5.62B | 1.49% |
| 2023-06-30 | $5.53B | 10.92% |
| 2023-03-31 | $4.99B | 7.29% |
| 2022-12-31 | $4.65B | 3.00% |
| 2022-09-30 | $4.52B | 2.52% |
| 2022-06-30 | $4.40B | 11.21% |
| 2022-03-31 | $3.96B | -2.89% |
| 2021-12-31 | $4.08B | 6.08% |
| 2021-09-30 | $3.84B | -17.86% |
| 2021-06-30 | $4.68B | -7.45% |
| 2021-03-31 | $5.06B | 60.09% |
| 2020-12-31 | $3.16B | 4.12% |
| 2020-09-30 | $3.03B | 57.72% |
| 2020-06-30 | $1.92B | 39.28% |
| 2020-03-31 | $1.38B | 5.15% |
| 2019-12-31 | $1.31B | 3.71% |
| 2019-09-30 | $1.27B | 7.85% |
| 2019-06-30 | $1.17B | 22.40% |
| 2019-03-31 | $959.36M | 2.88% |
| 2018-12-31 | $932.53M | 5.72% |
| 2018-09-30 | $882.11M | 8.24% |
| 2018-06-30 | $814.94M | 21.89% |
| 2018-03-31 | $668.60M | 8.53% |
| 2017-12-31 | $616.03M | 5.28% |
| 2017-09-30 | $585.16M | 6.10% |
| 2017-06-30 | $551.50M | 19.49% |
| 2017-03-31 | $461.55M | 2.13% |
| 2016-12-31 | $451.92M | 2.94% |
| 2016-09-30 | $439.00M | 0.11% |
| 2016-06-30 | $438.53M | 15.63% |
| 2016-03-31 | $379.27M | 1.31% |
| 2015-12-31 | $374.36M | 12.70% |
| 2015-09-30 | $332.19M | 7.15% |
| 2015-06-30 | $310.01M | 23.73% |
| 2015-03-31 | $250.56M | -0.13% |
| 2014-12-31 | $250.89M | 10.32% |
| 2014-09-30 | $227.42M | - |
Block generated $6.16B in revenue during Q2 2024, up 3.33% compared to the previous quarter, and up 123.35% compared to the same period a year ago.
Block Revenue Breakdown
Block Revenue Breakdown by Product
Annual Revenue by Product
| Product/Service | Dec 23 | Dec 22 | Dec 21 | Dec 20 | Dec 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/Service | Jun 24 | Mar 24 | Dec 23 | Sep 23 | Jun 23 | Mar 23 | Dec 22 | Sep 22 | Jun 22 | Mar 22 | Dec 21 | Sep 21 | Jun 21 | Mar 21 | Dec 20 | Sep 20 | Jun 20 | Mar 20 | Dec 19 | Sep 19 |
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Hardware | $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 | $21.77M |
| Cryptocurrency Denominated Assets | $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 | $148.28M |
| Software and Data Products | $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 | $279.80M |
| Transaction | $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 | $816.62M |
Block's latest quarterly revenue breakdown by segment (product or service), as of Jun 24: Cryptocurrency Denominated Assets (42.43%), Software and Data Products (29.05%), Transaction (27.83%), and Hardware (0.70%).
Block Revenue Breakdown by Country
Annual Revenue by Country
| Country | Dec 23 | Dec 22 | Dec 21 | Dec 20 | Dec 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
| Country | Jun 24 | Mar 24 | Dec 23 | Sep 23 | Jun 23 | Mar 23 | Dec 22 | Sep 22 | Jun 22 | Mar 22 | Dec 21 | Sep 21 | Jun 21 | Mar 21 | Dec 20 | Sep 20 | Jun 20 | Mar 20 | Dec 19 | Sep 19 |
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Non-US | $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 | $65.99M |
| UNITED STATES | $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 | $1.20B |
Block's latest quarterly revenue breakdown by geography, as of Jun 24: UNITED STATES (93.12%), and Non-US (6.88%).
Block Peer Comparison by Revenue
| Ticker | Company | Last Year Revenue | Last Quarter Revenue |
|---|---|---|---|
| MSFT | Microsoft | $245.12B | $61.86B |
| SQ | Block | $21.92B | $6.16B |
| ADBE | Adobe | $19.41B | $5.31B |
| PANW | Palo Alto Networks | $8.03B | $1.98B |
| CRWD | CrowdStrike | $3.06B | $963.87M |
| PLTR | Palantir | $2.23B | $678.13M |
| ZS | Zscaler | $2.17B | $553.20M |
| MDB | MongoDB | $1.68B | $478.11M |
| PATH | UiPath | $1.31B | $316.25M |
| NET | Cloudflare | $1.30B | $401.00M |
| OKTA | Okta | $2.26M | $646.00K |
| ORCL | Oracle | - | $13.31B |
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 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). The company'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). SQ's quarterly revenue for Q4 2023 was $5.77B, a 2.77% increase from the previous quarter (Q3 2023), and a 24.13% increase year-over-year (Q4 2022).
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.