Square, Inc. Reports Earnings Results for the Second Quarter Ended June 30, 2021
July 14, 2021
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Square, Inc. announced earnings results for the second quarter ended June 30, 2021. For the second quarter, the company announced total revenue was USD 4,680.672 million compared to USD 1,923.625 million a year ago. Operating income was USD 124.994 million compared to operating loss of USD 23.052 million a year ago. Net income was USD 204.021 million compared to net loss of USD 11.478 million a year ago. For the half year, total revenue was USD 9,737.942 million compared to USD 3,304.734 million a year ago. Operating income was USD 192.730 million compared to operating loss of USD 113.340 million a year ago. Net income was USD 243.029 million compared to net loss of USD 117.369 million a year ago.
Block, Inc. is focused on creating ecosystems for distinct customer audiences. The Company operates through two segments: Square and Cash App. Square segment includes managed payment services, software solutions, hardware, and financial services offered to sellers, excluding those that involve Cash App. Square is a cohesive commerce ecosystem that helps sellers start, run, and grow their businesses, including enabling sellers to accept card payments, provide reporting and analytics, and facilitating next-day settlement. Cash App segment includes the financial tools available to individuals within the mobile Cash App, including peer-to-peer payments, bitcoin and stock investments. Cash App also includes Cash App Card, which is linked to customer stored balances that customers can use to pay for purchases or withdraw funds from an ATM. Cash App also includes the BNPL platform. Its bitcoin ecosystem includes TBD, which is an open developer platform.
BLOCK, INC. 
