🔹 Adj EPS: $0.56 (Est. $0.98) 🔴; +19 % YoY
🔹 Revenue: $5.77 B (Est. $6.21 B) 🔴; -3 % YoY
FY & Near-Term Guidance
🔹 FY25 Gross Profit: $9.96 B (Est. $10.18 B) 🔴; +12 % YoY target
🔹 2Q25 Gross Profit: $2.45 B (Est. $2.53 B) 🔴; +9.5 % YoY target
🔹 FY25 Adjusted Operating Income: $1.90 B (19 % margin)
Segment Performance
🔹 Cash App Gross Profit: $1.38 B; +10 % YoY
🔹 Square Gross Profit: $898 M; +9 % YoY
🔹 Square GPV: $54.1 B; +7.2 % YoY (+8.2 % cc)
Cash-Flow & Liquidity
🔹 Free Cash Flow: $727 M; -43 % YoY
🔹 Cash & Equivalents: $8.5 B; Total Liquidity $9.2 B
Other Metrics:
🔹 Gross Profit: $2.29 B; +9 % YoY
🔹 Operating Income: $329 M; +32 % YoY
🔹 Adj Operating Income: $466 M; +28 % YoY
🔹 Adj EBITDA: $813 M; +15 % YoY
Management Commentary
🔸 “We’ve incorporated a more cautious macro view into guidance but expect gross-profit growth to re-accelerate to the mid-teens by Q4, driven primarily by Cash App Borrow expansion, deeper BNPL integration, and over 100 new Square product launches.” — Jack Dorsey & Amrita Ahuja
