Square Inc - Class A logo

SQ

Square Inc - Class A

$80.05

Earnings Summary

Revenue
$4404.5Mn
Net Profits
$-208.01Mn
Net Profit Margins
-4.72%

Highlights

Revenue:

Square Inc - Class A’s revenue fell -5.9% since last year same period to $4404.5Mn in the Q2 2022. On a quarterly growth basis, Square Inc - Class A has generated 11.21% jump in its revenue since last 3-months.

Net Profits:

Square Inc - Class A’s net profit fell -201.96% since last year same period to $-208.01Mn in the Q2 2022. On a quarterly growth basis, Square Inc - Class A has generated -1.87% fall in its net profits since last 3-months.

Net Profit Margins:

Square Inc - Class A’s net profit margin fell -208.35% since last year same period to -4.72% in the Q2 2022. On a quarterly growth basis, Square Inc - Class A has generated 8.4% jump in its net profit margins since last 3-months.

Earnings per share (EPS) Estimates

Earnings per share (EPS) estimates of the Square Inc - Class A post its latest quarter earnings

EPS Estimate Current Quarter
0.17
EPS Estimate Current Year
0.17

Highlights

EPS Estimate Current Quarter:

Square Inc - Class A’s earning per share (EPS) estimates for the current quarter stand at 0.17 - a -19.05% fall from last quarter’s estimates.

EPS Estimate Current Year:

Square Inc - Class A’s earning per share (EPS) estimates for the current year stand at 0.17.

Key Ratios

Key ratios of the Square Inc - Class A post its Q2 2022 earnings

Return on Assets (ROA)
-0.01
Return on Equity (ROE)
-0.05
Dividend Per Share (DPS)
0

Highlights

Return on Assets (ROA):

Return on assets (ROA) indicates the profitability of the company in relation to its total assets. This ratio tells the financial health of the company. The higher the ROA, the better the company’s financial health. If any company has a ROA in the range of 5% to 20% - it is generally considered good. ROA above 20% is generally considered excellent. Square Inc - Class A’s return on assets (ROA) stands at -0.01.

Earning Per Share (EPS):

The Return On Equity ratio indicates a company’s ability to turn equity capital received from shareholders into profits. ROE highlights the efficiency of equity capital in running the business. Generally, a return on equity in double digits is considered good. Square Inc - Class A’s return on equity (ROE) stands at -0.05.

Dividend Per Share (DPS):

Square Inc - Class A declared 0 dividend per share during the earnings announcement for Q2 2022.

Earnings Calendar

Earnings DateEstimated EPSReported EPSSurprise %
2022-05-05
0.21
0.18
-14.29%

Company Information

Square Inc., now known as Block Inc., is a digital payment and financial services company currently headquartered in San Francisco, California, USA. Founded in 2009 by Jack Dorsey and Jim McKelvey, the company was retitled on 10th December 2021 as Block Inc. The change in the title came after the rebranding of Facebook to Meta shortly after Jack Dorsey resigned as CEO of Twitter, the social networking and microblogging platform he founded. However, the small business payment products are still titled 'Square.' Square acquired a majority stake in Tidal on 1st December 2021, with Jay-Z joining the company's board. While Bitcoin has come to the limelight in recent years, Square Inc.’s Cash App allowed merchants to use bitcoin in the technology starting in 2017. In late 2017, announced a trial program allowing bitcoin trading for specific users. In 2018, it extended its bitcoin trading services to Wyoming, pushing its stock to an all-time high. Products and Services Some critical products and services offered by Block Inc. are: Square Reader: The company's first product enabled credit card payments by connecting the device to the mobile's audio jack. Due to security concerns raised by Verifone, the currently implemented technology is Verisign certified and Payment Card Industry Data Security Standard (PCI) compliant. IN August 2018, a newer version was released, allowing the technology to be used on iPhones without the headphone jack. Other Devices: This includes Square Stand turning Apple iPad to complete POS system, Bluetooth connected readers to accept contactless and chip payments, Square register, etc. Cash App: Earlier is known as Square Cash, it allowed money transfer from person to person through website and app Services: Square Inc. consistently expanded its service portfolio. It includes: Square Capital launched in 2014, providing business financing to merchants using Square. Square Payroll, launched in 2015, satisfies the payroll management needs of small business owners. It automatically handles payroll payments, tax filings, and business withholdings. Square Inc. allowed merchants to develop custom interfaces using Application Program Interface. Currently Square Inc - Class A has a market cap of $36.02 Billion. It has a P.E ratio of -509.51. The shares of Square Inc - Class A are trading at $76.58. .

Organisation
Square Inc - Class A
Headquarters
San Francisco, California, US
Employees
5.48K
Industry
Technology Services
CEO
Jack Dorsey