Block's net income in 2023 increased by over 100 percent, as cryptocurrency - a hallmark strategy of the company that took over Square - became more popular. The gross value of payments, or GPV, processed by Block did not decline, however. GPV reached an all-time high in Q2 2023. However, growth continued to slow down, signaling potential problems for the digital payment provider.
Net income of Block, formerly Square, from 2012 to 2023
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Statista, & U.S. Securities and Exchange Commission. (August 1, 2024). Net income of Block, formerly Square, from 2012 to 2023 [Graph]. In Statista. Retrieved November 21, 2024, from https://www.statista.com/statistics/593871/square-annual-net-income-loss/
Statista, und U.S. Securities and Exchange Commission. "Net income of Block, formerly Square, from 2012 to 2023." Chart. August 1, 2024. Statista. Accessed November 21, 2024. https://www.statista.com/statistics/593871/square-annual-net-income-loss/
Statista, U.S. Securities and Exchange Commission. (2024). Net income of Block, formerly Square, from 2012 to 2023. Statista. Statista Inc.. Accessed: November 21, 2024. https://www.statista.com/statistics/593871/square-annual-net-income-loss/
Statista, and U.S. Securities and Exchange Commission. "Net Income of Block, Formerly Square, from 2012 to 2023." Statista, Statista Inc., 1 Aug 2024, https://www.statista.com/statistics/593871/square-annual-net-income-loss/
Statista & U.S. Securities and Exchange Commission, Net income of Block, formerly Square, from 2012 to 2023 Statista, https://www.statista.com/statistics/593871/square-annual-net-income-loss/ (last visited November 21, 2024)
Net income of Block, formerly Square, from 2012 to 2023 [Graph], Statista, & U.S. Securities and Exchange Commission, August 1, 2024. [Online]. Available: https://www.statista.com/statistics/593871/square-annual-net-income-loss/
