Block (NYSE: SQ) pleased investors when it revealed its financial results for the last three months of 2023. Gross profit surged 22% on a year-over-year basis, with double-digit percentage gains for both Square and Cash App.
The company's forecast was also strong, particularly as it relates to profitability. Executives said they expect Block to post an adjusted earnings before interest, taxes, depreciation, and amortization (EBITDA) margin of 29% in the current quarter, which would mark a huge improvement from last year.
This business is picking up steam this year and beyond. Is it time to buy this top fintech stock on the dip?
Source Fool.com