Block (XYZ) Revenue — Quarter Ended Mar 31, 2023
Revenue increased in the most recent quarter. Compared to both the immediately preceding quarter and the same quarter a year earlier, revenue also rose.
Key takeaway
Quarter ended Mar 31, 2023 · FY2023 Q1
Revenue increased in the most recent quarter. Compared to both the immediately preceding quarter and the same quarter a year earlier, revenue also rose.
Financial snapshot
Reported revenue, sequential change, year-over-year change, and trailing four-quarter revenue.
Quarter revenue
$5B
Revenue reported for this quarter.
Quarter-over-quarter
+7.3%
Change from the immediately preceding quarter.
Year-over-year
+26.0%
Change from the comparable year-ago quarter.
Trailing four quarters
$18.6B
Sum of the latest four reported quarters.
Quarterly revenue trend
The latest four reported quarters with year-over-year comparisons.
| Period ended | Revenue | Year-over-year change |
|---|---|---|
| Jun 30, 2022 | $4.4B | -5.9% |
| Sep 30, 2022 | $4.5B | +17.4% |
| Dec 31, 2022 | $4.7B | +14.0% |
| Mar 31, 2023 | $5B | +26.0% |
Revenue performance
The company's revenue performance was positive, with sequential and year-over-year gains. The trailing twelve-month revenue total reflected continued growth.
Quarterly comparison
Revenue increased compared to the December quarter and was also higher than the March quarter of the prior year.
What to watch
The filing includes risk factors and forward-looking statements that caution about the company's ability to manage growth and achieve future results.