Block Inc. (NYSE: SQ), Square’s and Cash App’s parent company, and valued at $44 billion has raised its earnings forecast for the year and unveiled significant plans to expand its Bitcoin (BTC) holdings. The announcement led to a 7.9% surge in Block’s shares in post-market trading. In a letter to shareholders, CEO Jack Dorsey stressed the importance of an “open protocol for money“ aligning with broader movements towards cryptocurrency acceptance. “We believe the world needs an open protocol for money, one t ...

Block posted its best quarterly net income since going public in 2015. Stocks have surged higher over the past year-and-a-half, and the S&P 500 index is firmly in a bull market that began in October 2022. Despite the run-up in the broader market index, excellent investing opportunities exist today. Block (SQ -2.58%) is one stock that is an intriguing opportunity for investors. The company is improving its efficiency and gross profit, and has made solid progress on these goals early this year. However, feder ...

Block (SQ) could be a solid choice for investors given its recent upgrade to a Zacks Rank #2 (Buy). An upward trend in earnings estimates -- one of the most powerful forces impacting stock prices -- has triggered this rating change. The Zacks rating relies solely on a company's changing earnings picture. It tracks EPS estimates for the current and following years from the sell-side analysts covering the stock through a consensus measure -- the Zacks Consensus Estimate. Individual investors often find it har ...

When deciding whether to buy, sell, or hold a stock, investors often rely on analyst recommendations. Media reports about rating changes by these brokerage-firm-employed (or sell-side) analysts often influence a stock's price, but are they really important? Let's take a look at what these Wall Street heavyweights have to say about Block (SQ) before we discuss the reliability of brokerage recommendations and how to use them to your advantage. Block currently has an average brokerage recommendation (ABR) of 1 ...

Block suffered through an analyst downgrade and a Bitcoin sell-off, but quarterly results clawed back some of those losses. Shares of Block (SQ -0.64%) fell 13.7% last month, according to data from S&P Global Market Intelligence. A combination of a downgraded analyst rating and challenging market conditions pushed the fintech stock lower, but it reversed some of those losses in early May. A Wall Street analyst set things in motion Block's rating was downgraded by a prominent bank on Wall Street in early Apr ...

财务数据和关键指标变化 - 第一季度毛利润为21.09亿美元,同比增长22%,与第四季度持平 [22] - 经调整EBITDA为7.05亿美元,同比翻倍,经调整营业利润为3.64亿美元,同比增长7倍 [23] - 经调整自由现金流为11亿美元,同比增长2.5倍,占经调整EBITDA的50%,较上期有所改善 [26] 各条业务线数据和关键指标变化 - Cash App毛利润为12.6亿美元,同比增长25% [23] - Square毛利润为8.2亿美元,同比增长19% [23] - Cash App的月活跃用户达到2400万,现金卡月活跃用户同比增长11% [24] - Square的GPV增长与预期一致,受同店销售增长放缓影响,但被软件和银行产品的强劲增长所抵消 [25] 各个市场数据和关键指标变化 - 国际市场毛利润同比增长38%,占Square总毛利润的13%,GPV同比增长23% [97][98] - 日本市场推出贷款业务后超出预期 [97] 公司战略和发展方向及行业竞争 - 公司正在提高产品开发速度,重点关注可靠性、本地化和食品饮料行业 [34][35][36][37][38][39] - 正在推出新的客户获取和留存策略,如简化商户入驻流程、推出合同服务等 [86][87][88][89][90] - 正在加强Cash App的银行服务,如增加直接存款、储蓄等功能,打造更具吸引力的银行产品 [43][44][45] - 正在整合Afterpay,将其产品功能嵌入Cash App,提升客户粘性和转化率 [69][70][71] 管理层对经营环境和未来前景的评论 - 对公司合规性和风险管控能力表示信心,并承诺持续改进 [14][15][16][17][18][19] - 对公司的产品开发速度和盈利能力提升表示乐观,预计2024年全年毛利润和利润率将超出此前预期 [27][28][29][30] 问答环节重要的提问和回答 问题1 **Tien-Tsin Huang 提问** 公司在产品开发速度方面的进展如何,是否有更多新产品计划推出? [33] **Jack Dorsey 回答** 公司正在提高工程和设计能力,同时聚焦关键领域如可靠性和本地化,未来还会推出一些新产品,但更多是对现有产品的迭代和完善 [34][35][36][37][39] 问题2 **Timothy Chiodo 提问** Cash App直接存款业务的发展情况如何,未来是否有更多新功能计划推出? [42] **Amrita Ahuja 回答** Cash App将继续推出更多吸引人的银行产品,如账单支付、储蓄等,并优化营销策略,预计这将是一个多年的过程 [43][44][45][46][47] 问题3 **Darrin Peller 提问** 公司在提升盈利能力方面采取了哪些措施? [49] **Amrita Ahuja 回答** 公司在人员管控、降低各项费用开支以及优化结构性成本等方面取得进展,同时也计划在销售和营销等高回报领域进行投入 [50][51][52][53][54]

UNITED STATES SECURITIES AND EXCHANGE COMMISSION Washington, D.C. 20549 ______________________ FORM 10-Q ______________________ (Mark One) ☒ QUARTERLY REPORT PURSUANT TO SECTION 13 OR 15(d) OF THE SECURITIES EXCHANGE ACT OF 1934 For the quarterly period ended March 31, 2024 OR ☐ TRANSITION REPORT PURSUANT TO SECTION 13 OR 15(d) OF THE SECURITIES EXCHANGE ACT OF 1934 For the transition period from ________ to ________ Commission File Number: 001-37622 ______________________ Block, Inc. (Exact name of registr ...

财务表现 - 公司在2024年第一季度实现了22%的年度毛利增长，达到20.9亿美元[22] - 公司在2024年第一季度实现了净收入为59.6亿美元，同比增长19%[24] - 公司在2024年第一季度实现了经调整后的运营收入为3.64亿美元[23] - 公司在2024年第一季度实现了归属于普通股股东的净收入为4.72亿美元[23] - 公司在2024年第一季度实现了调整后的EBITDA为7.05亿美元，同比增长91%[23] - 公司在2024年第一季度总净收入为59.57亿美元，比2023年同期增长19.3%[122] - 公司在2024年第一季度总毛利为20.94亿美元，比2023年同期增长22.1%[122] - 公司在2024年第一季度总净利润为4.71亿美元，比2023年同期增长392.1%[122] - 截至2024年3月31日，现金及现金等价物总额为57.53亿美元，比2023年底增长15.2%[123] - 2024年第一季度总支付交易额为544.26亿美元，比2023年同期增长6.5%[130] - 2024年第一季度调整后的营业收入为3.64亿美元，比2023年同期增长613.7%[130] - 2024年第一季度调整后的EBITDA为7.05亿美元，比2023年同期增长91.1%[130] - 2024年第一季度每股调整后净收益为0.88美元，比2023年同期增长95.6%[130] - 调整后的运营收入为364,264千美元，较去年同期增长622.5%[131] - 调整后的运营收入占总毛利的比例为17%[131] - 调整后的EBITDA为705,074千美元，占总毛利的比例为34%[131] - 调整后的自由现金流为1,067,122千美元，较去年同期增长152.2%[132] - 不包括比特币和PPP的总净收入为3,226,004千美元，较去年同期增长14.1%[133] - Square银行业务的毛利为190,181千美元，较去年同期增长35.8%[133] - 调整后的净收入为542,262千美元，较去年同期增长100.6%[134] - 非GAAP的总运营费用为1,408,096千美元，较去年同期增长3.1%[135] - 总折旧和摊销费用为97,640千美元，较去年同期增长4.8%[135] Cash App业务表现 - Cash App在2024年第一季度实现了417亿美元的收入，同比增长23%[61] - Cash App在2024年第一季度实现了126亿美元的总毛利润，同比增长25%[61] - Cash App在2024年第一季度拥有5700万月活跃用户，同比增长6%[61] - Cash App在2024年第一季度总流入金额为710亿美元，同比增长17%[61] Square整体业务表现 - Square在2024年第一季度实现了197亿美元的总净收入，同比增长19%[57] - Square在2024年第一季度实现了173亿美元的总收入，同比增长11%[70] - Square在2024年第一季度实现了82亿美元的总毛利润，同比增长19%[70] - Square在2024年第一季度的GPV为5046亿美元，同比增长9%[72] - Square在2024年第一季度美国市场GPV同比增长6%，国际市场GPV同比增长23%[73] - Square在2024年第一季度服务行业GPV同比增长7%，零售行业GPV同比增长4%[73] - 在第一季度，Square的卡片现场GPV同比增长12%，而卡片非现场GPV同比增长3%[74] - 在卡片非现场交易中，来自在线渠道的GPV同比增长10%[74] - Square的银行产品的毛利同比增长36%[76] - Square Loans在2024年第一季度促成了约129,000笔贷款，总额达13.2亿美元，同比增长17%[78] - 在2024年第一季度，国际市场的毛利同比增长38%，各国际市场的支付量均有健康增长[79] - 在2024年第一季度，Square的硬件收入为3200万美元，同比下降15%[80] - 在2024年第一季度，Square的企业和其他部门在收入和毛利方面表现良好，主要由TIDAL和现金应用之间的内部消除组成[81] 其他信息 - 公司计划将每月10%的比特币产品毛利投资于比特币购买[20] - 公司投资了2.2亿美元的比特币，截至第一季度末，投资增长约160%至5.73亿美元[20] - Block将于5月2日举行财报电话会议和收益网络研讨会[109] - 将于2024年8月1日发布2024年第二季度财务结果[110] - Southern Grist Brewing Company使用Square的多个产品帮助提高效率并节省时间[113] - Southern Grist Brewing Company的CEO表示Square在业务增长和扩张中发挥了重要作用[114] - 公司提供了“安全港口声明”，包含了前瞻性声明和风险因素[115] - 公司使用调整后的财务指标和非GAAP财务措施来衡量业绩和现金流[116] - 公司强调了恒定货币增长和非GAAP运营费用等关键指标[119] - 公司认为调整后的EBITDA、调整后的净收入和非GAAP运营费用等指标对于评估业绩和制定战略决策至关重要[121]

Block, owner of Cash App and Square, is reportedly facing a Department of Justice investigation. Federal prosecutors are in discussions with an ex-employee about allegations of widespread compliance failures at Cash App and Square going back years, NBC News reported Wednesday (May 1), citing unnamed sources. “From the ground up, everything in the compliance section was flawed,” the former employee said, per the report. “It is led by people who should not be in charge of a regulated compliance program.” The ...

Federal prosecutors are reportedly asking hard questions about compliance. U.S. prosecutors are reportedly probing financial transactions at Block (SQ -8.51%), asking tough questions about potential compliance lapses at the company's Square and Cash App divisions. The reports caught investors off guard, sending Block shares down about 10% as of 1:45 p.m. ET. The Feds are looking into Block's most important apps Block products, including Square and Cash App, have been central to the fintech revolution, offer ...