The company said gross profit for Q4 2024 was $2.31B, up 14% from a year earlier. Operating income was $13M (1% of gross profit), and Adjusted Operating Income was $402M.

1. 01

   The company said gross profit for Q4 2024 was $2.31B, up 14% from a year earlier. Operating income was $13M (1% of gross profit), and Adjusted Operating Income was $402M.

2. 02

   The company said net income attributable to common stockholders for Q4 was $1.95B. It said the figure included a one-time income tax benefit of $1.9 billion, related to the release of a valuation allowance and other items.

3. 03

   Block said operating cash flow for the 12 months ended 2024 was $1.7 billion, and Adjusted free cash flow was $2.1 billion. It repurchased 2.3 million shares for $183 million in Q4.

4. 04

   The company said it expects gross profit growth of at least 15% in 2025, and Adjusted Operating Income of $2.1 billion with a margin of about 21%. It also said it expects gross profit for Q1 2025 to be $2.32B, up 11%.

Analysis scope · Filing body and confirmed press-release exhibitWe analyzed the filing body and confirmed exhibits. This is not a review of other exhibits, investor presentations or the full earnings call.

AI summarized the filing and translated the summary into English; it may differ from the original. For reference only, not investment advice. AI translated the published Korean report into English. Figures are copied as filed, not recalculated.

Original filing

The filing as submitted to SEC EDGAR. You can check the figures and statements of this summary against it.