NYSE: SQBlock Inc Statistics & Facts
Key Block facts
- Founded
- 2009
- Headquarters
- San Francisco, California
- Founders
- Jack Dorsey, Jim McKelvey, Tristan O’Tierney
- IPO Date
- 2015-11-19
Block User & Usage Stats
Block Earnings Breakdown
Block Revenue by Segment
How much did Square from Bitcoin?
Source:Block
Transactions
$5.70B
Subscriptions and services
$3.39B
Hardware
$164.42M
Starbucks transactions
$0.00
Bitcoin
$7.11B
Square parent company Block made $7.113 billion from Bitcoin in 2022, down from $10.013 billion in 2021. [1]
Date: Feb 23, 2023
Block Expense Statistics
Block Expenses by Type
Breaking down Block's annual operating expenses by type.
Source:Block
Product development
$2.14B
Sales and marketing
$2.06B
General and administrative
$1.69B
Transaction, loan, and consumer receivable losses
$550.68M
Bitcoin impairment losses
$46.57M
Amortization of customer and other acquired intangible assets
$138.76M
Block spent $2.058 billion on sales and marketing in 2022, up from $1.617 billion in 2021. [1]
Date: Feb 23, 2023
Block Employee Statistics
Block Miscellaneous Stats & Facts
Square changed its corporate name to Block in December 2021. Block now handles Square, Cash App, Spiral and Tidal. [4]
Date: Dec 1, 2021
Block bought Bitcoin worth $50 million in 2020. [5]
Date: Oct 8, 2020
Block sold food delivery service Caviar to DoorDash for $410 million in 2019. [6]
Date: Aug 2, 2019
More than 2.5 million people bought stocks via Cash App within less than a year after the feature's launch. [7]
Date: Nov 5, 2020
Block acquired Australian buy now, pay later company Afterpay for $29 billion in stock in 2021. [8]
Date: Aug 1, 2021
In November 2021, Cash App became available to users aged between 13 and 17 as long as they had a parent or guardian authorize their accounts. [9]
Date: Nov 3, 2021
Sources
1.
Block 2022 Annual Report
https://d18rn0p25nwr6d.cloudfront.net/CIK-0001512673/f0d4876f-97d5-495a-b76b-1316e79608b9.pdfDate: Feb 23, 2023
2.
3.
4.
6.
7.
The Motley Fool
https://www.fool.com/earnings/call-transcripts/2020/11/06/square-sq-q3-2020-earnings-call-transcript/Date: Nov 5, 2020
8.
The New York Times
https://www.nytimes.com/2021/08/01/business/dealbook/square-afterpay-payments.htmlDate: Aug 1, 2021
9.
TechCrunch
https://techcrunch.com/2021/11/03/squares-cash-app-opens-up-to-teens-ages-13-to-17-with-parental-oversight/Date: Nov 3, 2021
Company
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Information is provided 'as-is' and solely for informational purposes and is not advice. WallStreetZen does not bear any responsibility for any losses or damage that may occur as a result of reliance on this data.