#walrus $WAL Here’s a visual and detailed breakdown of Block, Inc. (formerly Square, ticker SQ/XYZ) profitability — focusing on the Square business segment and overall financial results (with charts/pictures to help you visually understand profit trends and revenue structure):
📊 Key Profit & Revenue Metrics
1) Gross Profit (core profitability)
Block generates profit mostly through gross profit, which is revenue minus direct costs (like payment processing, hardware costs, transaction fees paid to networks). Gross profit shows how efficiently Block turns revenue into money before operating expenses:
In annual terms, Block’s gross profit was ~$8.89 billion in 2024, up about 18 % year-over-year, reflecting strong core operations. �
Macrotrends
This gross profit comes from two main engines:
Square (merchant payments + hardware/software tools)
Cash App (peer-to-peer payments + financial services)
2) Quarterly Profit Trends
Block’s quarterly reports (e.g., Q2 2025) showed continuing growth in profitability:
Gross profit in Q2 2025: ~$2.54 B, a ~14 % increase compared to the prior year quarter. �
Investing.com
Net income was ~$538 M in the same period — a significant jump from the prior year. �
s29.q4cdn.com
Profit improvement came from higher transaction volumes and service monetization.
The charts above reflect:
Gross profit contributions by product/service (Square vs Cash App)
Trends in international growth and payment volume
Quarterly revenue and net income performance
💡 What Drives Block’s Profit?
Block’s profit comes from two major segments:
🌟 Square (Seller ecosystem)
This includes:
Payment processing fees from merchants
Hardware (card readers, POS devices)
Subscription and software services for commerce
Square’s gross profit has steadily increased with business adoption and international expansion. �
Investing.com
📱 Cash App (Consumer ecosystem)
This includes:
Peer-to-peuser engagement and monetization, contributing substantially to Block’s profit engine.
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