Q3 2024 Investor Presentation investors.block.xyz BLOCK Forward-looking Statements This presentation contains forward-looking statements within the meaning of Section 27A of the Securities Act of 1933, as amended, and Section 21E of the Securities Exchange Act of 1934, as amended. Forward-looking statements can be identified by words such as "anticipate," "believe," estimate," "expect," "goal," "intend," "likely," "may," "plan," "project," "seek," "should," "strategy," "will," and similar expressions. All s ...

Financial Data and Key Metrics - Gross profit for Q3 2024 was $2.25 billion, up 19% YoY, with Square growing 16% and Cash App growing 21% [11] - Adjusted free cash flow for the 12 months ending September was $1.5 billion, compared to $945 million in the prior 12 months [12] - Q4 2024 gross profit guidance is $2.31 billion, representing 14% YoY growth [12] - Adjusted operating income and adjusted EBITDA reached their highest quarterly levels ever, both in dollar terms and margin basis [11] - The company expects to achieve Rule of 40 by 2026, with mid-teens gross profit growth and mid-20% adjusted operating income margin [16] Business Line Performance - Square GPV growth improved in recent months, with double-digit growth in Global GPV and higher YoY growth in the U.S. in October [13] - Cash App showed strong momentum in gross profit and improved attach rates on paycheck deposits [13] - Square's order platform rollout and new features like pre-authorization are driving growth, with a new enhanced Square for restaurants' POS experience being tested [19] - Cash App is transforming 24 million Cash App Cards into a better alternative to credit cards with the launch of Afterpay on Cash App Card [21] Market Performance - U.S. GPV growth improved by a couple of percentage points in October compared to Q3's 4.9% growth, while international growth remained strong at 20% [24] - The company expects GPV growth to improve in 2025, ending the year at a meaningfully higher growth rate than 2024 [17] Strategy and Industry Competition - The company is focused on increasing access to lending products like Square Loans, Afterpay, Buy Now Pay Later, and Cash App Borrow through better technology, transparency, and simplicity [9] - Investments in go-to-market strategies, including sales and marketing, are expected to drive growth into 2025 [15] - The company is leveraging partnerships and product innovations to enhance customer acquisition and retention, particularly in international markets [20] Management Commentary on Operating Environment and Future Outlook - The company expects strong gross profit growth in 2025, driven by broad momentum across Block, with initiatives compounding through the year [16] - Management is committed to expanding margins on an adjusted operating income basis in 2025, although the pace of expansion may slow due to investments in growth opportunities [18] - The company assumes a stable macro-environment for its 2025 guidance, based on current business momentum and product innovations [19] Other Important Information - The company is testing a new and enhanced Square for restaurants' POS experience, with plans to make it available to all sellers in 2025 [19] - Cash App is leaning into go-to-market spend to drive paycheck deposit actives in 2025, focusing on performance marketing, brand awareness, and incentives [21] Q&A Summary Question: Square GPV growth acceleration in the U.S. [23] - Answer: The company expects modestly improved GPV growth in Q4 2024 and further acceleration in 2025, driven by same-store growth and customer acquisition trends [24][25] Question: Local in-market sales strategy and expansion plans [32] - Answer: The company is ramping field sales hiring and improving sales team productivity, with plans to continue hiring into 2025 [35][36] Question: Impact of fintech regulation and Cash App growth sustainability [40] - Answer: The company is focused on building stronger systems and leveraging technology to stay ahead of regulatory requirements, with strong growth expected for Cash App in 2025 [41][42][45] Question: Timing-related impacts on Q4 gross profit [48] - Answer: Certain partner benefits and Cash App Borrow expansion were delayed to 2025, impacting Q4 gross profit growth by about 3 points [48][49] Question: Cash App user growth and ARPU trends [54] - Answer: The company is focusing on engagement and product adoption, with ARPU growing 16% YoY to $75 in Q3 2024 [56][57] Question: Long-term strategy for lending products [59] - Answer: Lending products are seen as a key differentiator for both Square and Cash App, driving retention and acquisition through technology, transparency, and simplicity [60][61][62] Question: Marketing and incentives for Cash App [67] - Answer: The company is scaling go-to-market efforts, including performance marketing and incentives, to drive awareness and adoption of Cash App's financial services products [68][69][72] Question: Bitcoin strategy and regulatory clarity [75] - Answer: The company is focused on making Bitcoin more accessible, secure, and usable, with mining and Cash App exchange being key areas of focus [76][77][80] Question: OpEx efficiency and go-to-market investments [85] - Answer: The company sees opportunities for further efficiency gains in personnel expenses, structural costs, and corporate overhead, while investing in high-return go-to-market initiatives [86][87][88] Question: GPV growth trends and expectations [91] - Answer: The company expects modest GPV growth improvement in Q4 2024, with further acceleration in 2025 driven by product initiatives and customer acquisition [92][93] Question: Afterpay on Cash Card rollout and early learnings [96] - Answer: The company is being methodical in rolling out Afterpay on Cash Card, with initial testing showing encouraging results and plans to expand eligibility and conversion over time [97][99] Question: Cash App monetization trends [102] - Answer: Cash App Card, Borrow, and Buy Now Pay Later are driving strong monetization, with interchange expected to grow as direct deposit adoption increases [103][104][105]

Block (SQ) reported $5.98 billion in revenue for the quarter ended September 2024, representing a year-over-year increase of 6.4%. EPS of $0.88 for the same period compares to $0.55 a year ago.The reported revenue represents a surprise of -3.09% over the Zacks Consensus Estimate of $6.17 billion. With the consensus EPS estimate being $0.88, the company has not delivered EPS surprise.While investors closely watch year-over-year changes in headline numbers -- revenue and earnings -- and how they compare to Wa ...

Block (SQ) came out with quarterly earnings of $0.88 per share, in line with the Zacks Consensus Estimate. This compares to earnings of $0.55 per share a year ago. These figures are adjusted for non-recurring items.A quarter ago, it was expected that this mobile payments services provider would post earnings of $0.76 per share when it actually produced earnings of $0.93, delivering a surprise of 22.37%.Over the last four quarters, the company has surpassed consensus EPS estimates two times.Block, which belo ...

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 September 30, 2024 OR ☐ TRANSITION REPORT PURSUANT TO SECTION 13 OR 15(d) OF THE SECURITIES EXCHANGE ACT OF 1934 | --- | --- | --- | |-----------------------------------------------------------------------------|---------------------------------------- ...

Block shares tumbled 11% in extended trading on Thursday after the company reported third-quarter revenue that trailed Wall Street expectations.Here is how the company did, compared to analysts' consensus estimates from LSEG.Earnings per share: 88 cents adjusted vs. 87 cents expectedRevenue: $5.98 billion vs. $6.24 billion expectedBlock, formerly known as Square, posted $2.25 billion in gross profit, up 19% from a year ago. Analysts tend to focus on gross profit as a more accurate measurement of the company ...

Exhibit 99.1 2024 Shareholder Letter investors.blo November 7, 2024 To Our Shareholders We're about to transform 24 million Cash App Cards into a better alternative to credit cards when we launch Afterpay on Cash App Card. We wanted to dedicate this letter to explaining our lending products (Square Loans, Afterpay Buy Now Pay Later, and Cash App Borrow), our methodology, how we handle risks, and our competitive advantage. In 2013, we began offering capital to sellers because we saw a meaningful gap in the m ...

KANSAS CITY, Mo., Nov. 06, 2024 (GLOBE NEWSWIRE) -- H&R Block, Inc. (NYSE: HRB) (the "Company") today announced that its Board of Directors declared a quarterly cash dividend of $0.375 cents per share, payable January 6, 2025, to shareholders of record as of December 5, 2024. H&R Block has paid quarterly dividends consecutively for over sixty years since the Company became public in 1962. Since 2016, the Company has grown the dividend 88%1 and has returned more than $3.9 billion to shareholders through divi ...

H&R Block, Inc. (HRB) is scheduled to report its first-quarter fiscal 2025 results on Nov. 7, after market close.See Zacks Earnings Calendar to stay ahead of market-making news.The company has an impressive earnings surprise history, having surpassed the Zacks Consensus Estimate in the past four quarters, the surprise being 10.8%, on average.HRB’s Q1 ExpectationsThe Zacks Consensus Estimate for revenues is pegged at $188.8 million, indicating a 2.7% increase from the year-ago quarter’s actual.We expect HRB’ ...

Zacks Thematic Screens lets you dive into 30 dynamic investment themes shaping the future. Whether you're interested in cutting-edge technology, renewable energy, or healthcare innovations, our themes help you invest in ideas that matter to you.For those interested in viewing the Thematic lists, please click here >>> Thematic Screens – Zacks Investment Research.Let’s take a closer look at the ‘Mobile Payments’ theme and analyze a few stocks that the screen returned, such as Discover Financial Services (DFS) ...