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10-Q: Q3 2024 Earnings Report

10-Q: Q3 2024 Earnings Report

10-Q:2024财年三季报
美股SEC公告 ·  2024/11/08 05:29

Moomoo AI 已提取核心信息

Block reported robust Q3 2024 results with total revenue rising 6% year-over-year to $6.0 billion and net income attributable to common stockholders of $283.8 million, compared to a net loss of $88.7 million in Q3 2023. Gross profit grew 19% to $2.2 billion, driven by strong performance across both major segments. Operating income reached $323.0 million versus a loss of $9.9 million last year.Cash App delivered impressive growth with gross profit up 21% to $1.3 billion, powered by strength in financial services products including Cash App Card, BNPL platform, and Cash App Borrow. Square's gross profit rose 16% to $932.4 million, with notable momentum in banking products and integrated payments. Transaction-based revenue increased 3% to $1.7 billion on 4% GPV growth.The company maintained strong liquidity with $10.7 billion available, including $9.9 billion in cash and investments. Block repurchased $345.6 million of stock in Q3 as part of its expanded $4 billion share repurchase program. Management highlighted continued focus on disciplined growth and cost efficiencies while maintaining its 12,000 employee cap to drive operational improvements.
Block reported robust Q3 2024 results with total revenue rising 6% year-over-year to $6.0 billion and net income attributable to common stockholders of $283.8 million, compared to a net loss of $88.7 million in Q3 2023. Gross profit grew 19% to $2.2 billion, driven by strong performance across both major segments. Operating income reached $323.0 million versus a loss of $9.9 million last year.Cash App delivered impressive growth with gross profit up 21% to $1.3 billion, powered by strength in financial services products including Cash App Card, BNPL platform, and Cash App Borrow. Square's gross profit rose 16% to $932.4 million, with notable momentum in banking products and integrated payments. Transaction-based revenue increased 3% to $1.7 billion on 4% GPV growth.The company maintained strong liquidity with $10.7 billion available, including $9.9 billion in cash and investments. Block repurchased $345.6 million of stock in Q3 as part of its expanded $4 billion share repurchase program. Management highlighted continued focus on disciplined growth and cost efficiencies while maintaining its 12,000 employee cap to drive operational improvements.
Block公司公布了强劲的2024年第三季度业绩,总营业收入同比增长6%至600亿元,归属于普通股股东的净利润为28380万元,而2023年第三季度则出现了8870万元的净亏损。毛利润增长19%至220亿元,主要得益于两个主要业务板块的强劲表现。营业收入达到32300万元,而去年则亏损990万元。现金应用程序实现了令人印象深刻的增长,毛利润增长21%至130亿元,得益于金融服务产品的强劲表现,包括现金应用卡、先买后付平台和现金应用借款。Square的毛利润增长16%至93240万元,银行产品和综合支付服务的增势明显。基于交易的营业收入增长3%至170亿元,交易价值增长4%。该公司保持了强劲的流动性,拥有107亿元的可用资金,包括99亿元的现金和投资。Block在第三季度回购了34560万元的股票,作为其扩大至400亿元的股票回购计划的一部分。管理层强调继续关注有纪律的增长和成本效率,同时维持12000名员工的上限,以推动运营改进。
Block公司公布了强劲的2024年第三季度业绩,总营业收入同比增长6%至600亿元,归属于普通股股东的净利润为28380万元,而2023年第三季度则出现了8870万元的净亏损。毛利润增长19%至220亿元,主要得益于两个主要业务板块的强劲表现。营业收入达到32300万元,而去年则亏损990万元。现金应用程序实现了令人印象深刻的增长,毛利润增长21%至130亿元,得益于金融服务产品的强劲表现,包括现金应用卡、先买后付平台和现金应用借款。Square的毛利润增长16%至93240万元,银行产品和综合支付服务的增势明显。基于交易的营业收入增长3%至170亿元,交易价值增长4%。该公司保持了强劲的流动性,拥有107亿元的可用资金,包括99亿元的现金和投资。Block在第三季度回购了34560万元的股票,作为其扩大至400亿元的股票回购计划的一部分。管理层强调继续关注有纪律的增长和成本效率,同时维持12000名员工的上限,以推动运营改进。
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