The company announced a new repurchase program worth $3 billion.In this video, I will go over Block's (SQ 0.80%) second-quarter earnings report. Check out the short video to learn more, consider subscribing, and click the special offer link below.*Stock prices used were from the trading day of Aug. 1, 2024. The video was published on Aug. 2, 2024. ...

Block (SQ) reported second-quarter 2024 adjusted earnings of 93 cents per share, which surged 132.5% year over year. The figure surpassed the Zacks Consensus Estimate by 22.4%.Net revenues of $6.16 billion missed the Zacks Consensus Estimate by 1.1%. The top line, however, increased 11% from the prior-year quarter.Year-over-year revenue growth was driven by strong momentum across the Cash App ecosystem, which contributed $4.13 billion to net revenues in the reported quarter, up 12% year over year. Strength ...

Block (SQ) reported $6.16 billion in revenue for the quarter ended June 2024, representing a year-over-year increase of 11.2%. EPS of $0.93 for the same period compares to $0.39 a year ago.The reported revenue compares to the Zacks Consensus Estimate of $6.23 billion, representing a surprise of -1.12%. The company delivered an EPS surprise of +22.37%, with the consensus EPS estimate being $0.76.While investors scrutinize revenue and earnings changes year-over-year and how they compare with Wall Street expec ...

Block, Inc. (NYSE:SQ) Q2 2024 Earnings Call Transcript August 1, 2024 5:00 PM ET Company Participants Nikhil Dixit - Head of IR Jack Dorsey - Block Head, Square Head, Chairman, and Co-Founder Amrita Ahuja - COO and CFO Conference Call Participants Tien-Tsin Huang - JPMorgan Timothy Chiodo - UBS Darrin Peller - Wolfe Research Ken Suchoski - Autonomous Research Jason Kupferberg - Bank of America Ramsey El-Assal - Barclays Harshita Rawat - Bernstein Lafitani Sotiriou - MST Dan Dolev - Mizuho Bryan Keane - Deut ...

Block (SQ) came out with quarterly earnings of $0.93 per share, beating the Zacks Consensus Estimate of $0.76 per share. This compares to earnings of $0.39 per share a year ago. These figures are adjusted for non-recurring items.This quarterly report represents an earnings surprise of 22.37%. A quarter ago, it was expected that this mobile payments services provider would post earnings of $0.62 per share when it actually produced earnings of $0.85, delivering a surprise of 37.10%.Over the last four quarters ...

Q2 2024 Investor Presentation investors.block.xyz BLOCK 2 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 ...

KANSAS CITY, Mo., Aug. 01, 2024 (GLOBE NEWSWIRE) -- H&R Block, Inc. (NYSE: HRB) will report fourth quarter and fiscal 2024 full year results on Thursday, August 15, 2024, after the New York Stock Exchange market close. At that time, a copy of the press release and presentation will be available on the company's investor relations website at https://investors.hrblock.com/. A conference call for analysts, institutional investors, and shareholders will be held at 4:30 p.m. Eastern time on Thursday, August 15, ...

Financial Performance - In Q2 2024, the company reported a gross profit of $2.2 billion, representing a 20% year-over-year increase [170]. - Cash App generated a gross profit of $1.3 billion in Q2 2024, up 23% year-over-year, driven by strong performance in financial services products [170]. - Square's gross profit reached $922.6 million in Q2 2024, a 15% increase year-over-year, attributed to growth in banking products and integrated payments [170]. - Total net revenue for the three months ended June 30, 2024, increased by $620.6 million, or 11%, compared to the same period in 2023 [176]. - Subscription and services-based revenue rose by $326.4 million, or 22%, in Q2 2024, primarily due to growth in Cash App's financial service-related products [178]. - Bitcoin revenue increased by $220.9 million, or 9%, in Q2 2024, contributing 42% of total revenue for the quarter [179]. - Square segment net revenue increased by $167.8 million, or 9%, for the three months ended June 30, 2024, and by $342.4 million, or 10%, for the six months ended June 30, 2024, driven by growth in Square GPV and banking products [197]. - Cash App segment net revenue increased by $455.7 million, or 12%, for the three months ended June 30, 2024, and by $1.2 billion, or 18%, for the six months ended June 30, 2024, with bitcoin revenue contributing significantly [201]. Expenses and Costs - Total cost of revenue for Q2 2024 increased by $253.2 million, or 7%, compared to Q2 2023, driven primarily by an increase in bitcoin costs [181]. - The company recorded $125.5 million in severance and related expenses as part of its cost efficiency initiatives [172]. - Product development expenses increased by $18.5 million, or 3%, for the three months ended June 30, 2024, and by $112.1 million, or 8%, for the six months ended June 30, 2024, primarily due to increased software and cloud computing infrastructure fees [187]. - Sales and marketing expenses decreased by $30.0 million, or 6%, for the three months ended June 30, 2024, and by $82.2 million, or 8%, for the six months ended June 30, 2024, mainly due to reduced marketing costs [188]. - General and administrative expenses decreased by $75.7 million, or 14%, for the three months ended June 30, 2024, and by $37.3 million, or 4%, for the six months ended June 30, 2024, primarily due to headcount reductions [189]. - Transaction, loan, and consumer receivable losses increased by $12.0 million, or 7%, for the three months ended June 30, 2024, and by $49.9 million, or 16%, for the six months ended June 30, 2024, mainly due to increased loan volumes [191]. Profitability and Income - Adjusted Operating Income for the three months ended June 30, 2024, was $399.1 million, compared to $25.5 million for the same period in 2023, reflecting improved operational efficiency [204]. - Adjusted EBITDA for the six months ended June 30, 2024, was $1.46 billion, up from $752.8 million for the same period in 2023, indicating strong earnings growth [204]. - Net income attributable to common stockholders for the three months ended June 30, 2024, was $195,268 thousand, compared to a net loss of $102,042 thousand for the same period in 2023 [220]. - Adjusted Net Income for the three months ended June 30, 2024, was $588,721 thousand, compared to $250,437 thousand for the same period in 2023 [220]. - Basic Adjusted Net Income Per Share for the three months ended June 30, 2024, was $0.95, compared to $0.41 for the same period in 2023 [220]. Liquidity and Cash Flow - The company ended Q2 2024 with $10.3 billion in available liquidity, including $9.5 billion in cash and cash equivalents [173]. - Cash provided by operating activities for the six months ended June 30, 2024, was $1.0 billion, compared to $407.7 million for the same period in 2023 [239][240]. - The total liquidity as of June 30, 2024, increased to $10.3 billion from $7.7 billion as of December 31, 2023 [224]. - Cash provided by investing activities for the six months ended June 30, 2024, was $867.4 million, up from $578.9 million in the same period of 2023, representing a 50% increase [241]. - Cash provided by financing activities for the six months ended June 30, 2024, was $1.2 billion, compared to cash used of $721.0 million in the same period of 2023, indicating a significant turnaround [242]. - The company held over $6.2 billion in aggregate principal amount of debt as of June 30, 2024, including $2.0 billion in senior unsecured notes maturing in May 2032 [228]. Shareholder Returns and Capital Management - The board authorized a share repurchase program of up to an additional $3 billion to return capital to shareholders [174]. - The company invested $149.2 million of restricted cash into a money market fund as of June 30, 2024 [224]. - The company issued $2.0 billion of 2032 Senior Notes in Q2 2024, contributing significantly to cash provided by financing activities [242]. Other Financial Metrics - The adjusted provision for income taxes for the six months ended June 30, 2024, was $298.4 million, with a non-GAAP effective tax rate of 22% [221]. - The company recognized a loss of $70.1 million and a gain of $163.3 million from the remeasurement of its bitcoin investment during the six months ended June 30, 2024 [225]. - The fair value of the company's bitcoin investment as of June 30, 2024, was $514.6 million, with a recognized loss of $70.1 million and a gain of $163.3 million for the three and six months ended June 30, 2024, respectively [245]. - The company aims to exclude certain non-cash charges from non-GAAP financial measures to better reflect ongoing business operations [209]. - The company has not identified any additional material changes in market risk since the last annual report [246].

USSESSI BLOCK 02 2024 Shareholder Letter investors.block.xyz Exhibit 99.1 To Our Shareholders August 1, 2024 We're currently on track to reach Rule of 40 by 2026, with Adjusted Operating Income margins expanding significantly year over year for both Square and Cash App. We're continuing to build a strong foundation to improve our growth into 2025, and today we want to discuss our plans for improving Square's go to market approach. There are four parts to this: sales, partnerships, marketing, and most import ...

BOSTON, Aug. 01, 2024 (GLOBE NEWSWIRE) -- Block & Leviton is investigating Domino's Pizza, Inc. (NYSE: DPZ) for potential securities law violations. Investors who have lost money in their Domino's Pizza, Inc. investment should contact the firm to learn more about how they might recover those losses. For more details, visit https://blockleviton.com/cases/dpz. What is this all about? Shares of Domino’s Pizza, Inc. fell 10% following the company's suspension of long-term global growth guidance. Block & Leviton ...