Block (XYZ) Revenue — Quarter Ended Jun 30, 2023
Block's revenue for the quarter increased compared to both the prior quarter and the same quarter a year ago. The growth reflects continued expansion across its business segments.
Key takeaway
Quarter ended Jun 30, 2023 · FY2023 Q2
Block's revenue for the quarter increased compared to both the prior quarter and the same quarter a year ago. The growth reflects continued expansion across its business segments.
Financial snapshot
Reported revenue, sequential change, year-over-year change, and trailing four-quarter revenue.
Quarter revenue
$5.5B
Revenue reported for this quarter.
Quarter-over-quarter
+10.9%
Change from the immediately preceding quarter.
Year-over-year
+25.7%
Change from the comparable year-ago quarter.
Trailing four quarters
$19.7B
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 |
|---|---|---|
| Sep 30, 2022 | $4.5B | +17.4% |
| Dec 31, 2022 | $4.7B | +14.0% |
| Mar 31, 2023 | $5B | +26.0% |
| Jun 30, 2023 | $5.5B | +25.7% |
Revenue performance
Revenue rose from the immediately preceding quarter, extending the upward trend seen in recent periods.
Quarterly comparison
Revenue was also higher than the same quarter of the prior year, consistent with the company's year-over-year growth trajectory.
What to watch
The filing includes forward-looking statements that highlight potential risks and uncertainties affecting future performance.