Categories AlphaGraphs, Earnings, Technology

Infographic: Highlights of Block’s (SQ) Q1 2023 earnings report

Financial services company Block, Inc. (NYSE: SQ), previously known as Square, reported a sharp increase in first-quarter adjusted earnings. Revenues increased 26%.

Block, Inc. Q1 2023 earnings infographic

First-quarter earnings, adjusted for one-off items, more than doubled to $0.40 per share from $0.18 per share in the corresponding quarter of the previous year. On an unadjusted basis, the company reported a net loss of $16.8 million or $0.03 per share for the most recent quarter, compared to a loss of $204.2 million or $0.38 per share in the prior-year period.

Total revenues increased 26% year-over-year to $4.99 billion. At $51.1 billion, gross payments volume was up 17% compared to the first quarter of 2022.

Prior Performance

  • Block Q3 2022 earnings infographic
  • Block Q2 2022 earnings infographic
  • Block Q1 2022 earnings infographic

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