Block, Inc. (NYSE:SQ) Q4 2023 Earnings Conference Call February 22, 2024 5:00 PM ET

Company Participants

Nikhil Dixit - Head of Investor Relations

Jack Dorsey - Block Head, Square Head, Chairman, and Co-Founder

Amrita Ahuja - Chief Operating Officer and Chief Financial Officer

Conference Call Participants

Tien-Tsin Huang - J.P. Morgan

Timothy Chiodo - UBS

Darrin Peller - Wolfe Research

Mike Ng - Goldman Sachs

Harshita Rawat - Bernstein

Trevor Williams - Jefferies

Bryan Bergin - TD Cowen

Kenneth Suchoski - Autonomous Research

Bryan Keane - Deutsche Bank

Peter Christiansen - Citigroup

Jason Kupferberg - Bank of America

James Faucette - Morgan Stanley

Andrew Bauch - Wells Fargo Securities

Operator

Good day, ladies and gentlemen, and welcome to the Block Fourth Quarter 2023 Earnings Conference Call.

I would now like to turn the call over to your host, Nikhil Dixit, Head of Investor Relations. Please go ahead.

Nikhil Dixit

Hi, everyone, thanks for joining our Fourth Quarter 2023 Earnings Call. We have Jack and Amrita with us today.

We will begin this call with some short remarks before opening the call directly to your questions. During Q&A, we will take questions from conference call participants.

We would also like to remind everyone that we will be making forward-looking statements on this call. All statements other than statements of historical fact could be deemed to be forward-looking. These forward-looking statements include discussions of our outlook and guidance, as well as our long-term targets and goals and we may decide to shift our priorities or move away from these targets and goals at any time. These statements are subject to risks and uncertainties. Actual results could differ materially from those contemplated by our forward-looking statements. Reported results should not be considered as an indication of future performance.

Please take a look at our filings with the SEC for a discussion of the factors that could cause our results to differ. Also note that the forward-looking statements on this call are based on information available to us as of today's date. We disclaim any obligation to update any forward-looking statements except as required by law. Further discussion of -- during this call of Cash App's banking services referred to those offered through our bank partners.

Within these remarks, we will also discuss metrics related to our investment framework including Rule of 40. With Rule of 40, we are evaluating some of our gross profit growth and adjusted operating income margins.