Block (XYZ) Revenue — Quarter Ended Sep 30, 2023
Revenue increased in the current quarter compared to the prior quarter. Revenue was also higher relative to the same period one year earlier.
Key takeaway
Quarter ended Sep 30, 2023 · FY2023 Q3
Revenue increased in the current quarter compared to the prior quarter. Revenue was also higher relative to the same period one year earlier.
Financial snapshot
Reported revenue, sequential change, year-over-year change, and trailing four-quarter revenue.
Quarter revenue
$5.6B
Revenue reported for this quarter.
Quarter-over-quarter
+1.5%
Change from the immediately preceding quarter.
Year-over-year
+24.4%
Change from the comparable year-ago quarter.
Trailing four quarters
$20.8B
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 |
|---|---|---|
| Dec 31, 2022 | $4.7B | +14.0% |
| Mar 31, 2023 | $5B | +26.0% |
| Jun 30, 2023 | $5.5B | +25.7% |
| Sep 30, 2023 | $5.6B | +24.4% |
Revenue performance
The reported revenue reflects a moderate sequential improvement from the immediately preceding quarter. On a year-over-year basis, the revenue growth was considerably stronger than the quarter-over-quarter change.
Quarterly comparison
Compared to the prior quarter, the company's revenue saw a modest uptick. When measured against the same quarter a year ago, the increase was more pronounced, indicating a substantial year-over-year rise.
What to watch
No filing context is available to identify specific factors influencing the reported revenue comparisons.