Block (XYZ) Revenue — Quarter Ended Jun 30, 2024
Block, Inc. reported an increase in revenue for the quarter ended June 30, 2024. This growth follows a directional improvement from the previous quarter and a broader upward trend compared to the same quarter one year ago.
Key takeaway
Quarter ended Jun 30, 2024 · FY2024 Q2
Block, Inc. reported an increase in revenue for the quarter ended June 30, 2024. This growth follows a directional improvement from the previous quarter and a broader upward trend compared to the same quarter one year ago.
Financial snapshot
Reported revenue, sequential change, year-over-year change, and trailing four-quarter revenue.
Quarter revenue
$6.2B
Revenue reported for this quarter.
Quarter-over-quarter
+3.3%
Change from the immediately preceding quarter.
Year-over-year
+11.2%
Change from the comparable year-ago quarter.
Trailing four quarters
$23.5B
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, 2023 | $5.6B | +24.4% |
| Dec 31, 2023 | $5.8B | +24.1% |
| Mar 31, 2024 | $6B | +19.4% |
| Jun 30, 2024 | $6.2B | +11.2% |
Revenue performance
Revenue for the reporting quarter rose sequentially from the immediately preceding quarter. On a year-over-year basis, revenue also expanded compared to the same quarter one year earlier.
Quarterly comparison
Compared to the immediately preceding quarter, revenue increased. Against the same quarter one year prior, revenue also showed an increase.
What to watch
The sequential and year-over-year revenue gains indicate sustained momentum, though the magnitude of growth has moderated compared to earlier quarters.