Block, Inc. XYZ
At Block, Inc. (together with its subsidiaries, "Block" or "we"), we are building technology that enables people and businesses to participate more fully in the economy. Our purpose is economic empowerment, helping individuals and businesses manage, move, and grow their money through simple and connected tools.
Block designs and operates connected ecosystems that integrate commerce solutions, financial services, software, hardware, and networks to serve individuals and small businesses, primarily through Cash App's consumer network and Square's business ("seller") network. Our platform integrates payments, banking, lending, and commerce solutions designed to provide secure, reliable, and scalable financial infrastructure. We apply data, automation, and AI to improve the speed, accuracy, and usability of our products.
Valuation FY2025 figures against the last close
Where the revenue comes from as reported in the latest 10-K
Revenue by geography
- United States
- International
| Region | FY2025 | FY2024 | FY2023 |
|---|---|---|---|
| United States | $22.19B | $22.35B | $20.42B |
| International | $2.01B | $1.77B | $1.50B |
As the company reported it, from the “SEGMENT AND GEOGRAPHICAL INFORMATION - Revenue by Geographic Area (Details)” note of its latest 10-K. Every figure here has been checked against the total revenue the same filing reported. Regions are the filer's own and are not mapped onto a standard list — one company's “Americas” and another's “United States” are different areas, and making them look comparable would mean making at least one of them wrong. Slices under 1% are folded into “Other”.
Revenue by segment
- Cash App
- Square
| Segment | FY2025 | FY2024 | FY2023 |
|---|---|---|---|
| Cash App | $15.43B | $16.25B | $14.68B |
| Square | $8.45B | $7.68B | $7.03B |
As the company reported it, from the “SEGMENT AND GEOGRAPHICAL INFORMATION - Segment Reporting Information (Details)” note of its latest 10-K. Every figure here has been checked against the total revenue the same filing reported. Segments are the filer's own reporting structure, which is a decision about how it runs itself rather than a standard taxonomy: two companies in the same industry routinely divide themselves along different lines, so these are worth reading down a single company rather than across two. Slices under 1% are folded into “Other”.
Annual financial statements
Income statement
| Fiscal year | FY2025 | FY2024 | FY2023 | FY2022 | FY2021 | FY2020 | FY2019 | FY2018 | FY2017 | FY2016 |
|---|---|---|---|---|---|---|---|---|---|---|
| Revenue | $24.19B | $24.12B | $21.92B | $17.53B | $17.66B | $9.50B | $4.71B | $3.30B | $2.21B | $1.71B |
| Cost of revenue | $13.83B | $15.23B | $14.41B | $11.54B | $13.24B | $6.76B | $2.82B | $1.99B | $1.37B | $1.13B |
| Gross profit | $10.36B | $8.89B | $7.50B | $5.99B | $4.42B | $2.73B | $1.89B | $1.30B | $839.3M | $576.0M |
| R&D | $2.91B | $2.91B | $2.72B | $2.14B | $1.38B | $881.8M | $674.2M | $497.5M | $321.9M | $268.5M |
| SG&A | $2.00B | $2.15B | $2.21B | $1.69B | $982.8M | $579.2M | $436.9M | $339.2M | $250.6M | $252.0M |
| Total operating expenses | $8.65B | $8.00B | $7.78B | $6.62B | $4.26B | $2.75B | $1.86B | $1.34B | $893.5M | $746.5M |
| Operating income | $1.71B | $892.3M | -$278.8M | -$624.5M | $161.1M | -$18.8M | $26.6M | -$36.6M | -$54.2M | -$170.5M |
| Interest expense | — | — | $47.2M | $36.2M | $33.1M | $56.9M | $44.9M | $37.8M | $10.1M | $533.0K |
| Pre-tax income | $1.69B | $1.36B | -$29.1M | -$565.3M | $157.5M | $216.0M | $378.2M | -$36.1M | -$62.7M | -$169.7M |
| Income tax | $385.7M | $1.51B | $8.0M | $12.3M | $1.4M | $2.9M | $2.8M | $2.3M | $149.0K | $1.9M |
| Net income | $1.31B | $2.90B | $9.8M | -$540.7M | $166.3M | $213.1M | $375.4M | -$38.5M | -$62.8M | -$171.6M |
| EPS, basic | 2.13 | 4.70 | 0.02 | -0.93 | 0.36 | 0.48 | 0.88 | -0.09 | -0.17 | -0.50 |
| EPS, diluted | 2.10 | 4.56 | 0.02 | -0.93 | 0.33 | 0.44 | 0.81 | -0.09 | -0.17 | -0.50 |
| Shares, diluted (wtd. avg.) | 622.8M | 636.4M | 614.0M | 578.9M | 501.8M | 482.2M | 466.1M | 405.7M | 379.3M | 341.6M |
Balance sheet
| Fiscal year | FY2025 | FY2024 | FY2023 | FY2022 | FY2021 | FY2020 | FY2019 | FY2018 | FY2017 | FY2016 |
|---|---|---|---|---|---|---|---|---|---|---|
| Cash and equivalents | $6.56B | $8.08B | $5.00B | $8.44B | $6.98B | $4.79B | $1.54B | $866.9M | $735.1M | $488.7M |
| Short-term investments | — | — | — | $1.08B | $869.3M | $695.1M | $492.5M | $541.0M | $169.6M | $59.9M |
| Receivables | $238.2M | $148.9M | $134.8M | $140.5M | $89.7M | $42.0M | $33.9M | $22.4M | $8.6M | $6.2M |
| Inventory | $158.3M | $105.0M | $110.1M | $97.7M | $77.1M | $61.1M | $47.7M | $28.6M | $16.8M | $13.7M |
| Total current assets | $22.86B | $19.88B | $17.82B | $15.62B | $11.62B | $7.76B | $3.22B | $2.11B | $1.78B | $1.00B |
| Property, plant and equipment | $323.4M | $314.4M | $296.1M | $329.3M | $282.1M | $233.5M | $149.2M | $142.4M | $91.5M | $88.3M |
| Goodwill | $11.85B | $11.42B | $11.92B | $11.97B | $519.3M | $316.7M | $266.3M | $261.7M | $58.3M | $57.2M |
| Other intangibles | $1.28B | $1.43B | $1.76B | $2.01B | $257.0M | $137.6M | $69.1M | $77.1M | $14.3M | $19.3M |
| Total assets | $39.55B | $36.78B | $33.03B | $31.36B | $15.03B | $9.87B | $4.55B | $3.28B | $2.19B | $1.21B |
| Accounts payable | $114.6M | $118.0M | $142.6M | $95.8M | $82.2M | $47.1M | $42.1M | $36.4M | $16.8M | $12.6M |
| Short-term debt | — | — | — | — | $455.0K | $0 | — | — | — | — |
| Total current liabilities | $10.38B | $8.55B | $8.88B | $8.43B | $6.54B | $4.13B | $1.69B | $1.02B | $972.8M | $577.5M |
| Long-term debt | — | — | — | $4.11B | $4.56B | $2.59B | $938.8M | $899.7M | $358.6M | $0 |
| Total liabilities | $17.38B | $15.54B | $14.34B | $14.11B | $11.71B | $7.19B | $2.84B | $2.16B | $1.40B | $635.2M |
| Retained earnings | $3.67B | $2.37B | -$528.4M | -$568.7M | -$28.0M | -$297.2M | -$510.3M | -$885.8M | -$842.7M | -$779.2M |
| Total equity | $22.20B | $21.27B | $18.69B | $17.25B | $3.31B | $2.68B | $1.72B | $1.12B | $786.3M | $576.2M |
Cash flow
| Fiscal year | FY2025 | FY2024 | FY2023 | FY2022 | FY2021 | FY2020 | FY2019 | FY2018 | FY2017 | FY2016 |
|---|---|---|---|---|---|---|---|---|---|---|
| Operating cash flow | $2.58B | $1.71B | $101.0M | $175.9M | $847.8M | $173.1M | $327.6M | $295.1M | $127.7M | $23.1M |
| Depreciation and amortisation | $369.5M | $376.1M | $408.6M | $340.5M | $134.8M | $84.2M | $75.6M | $61.0M | $37.3M | $37.7M |
| Stock-based compensation | $1.22B | $1.27B | $1.28B | $1.07B | $608.0M | $397.8M | $297.9M | $216.9M | $155.8M | $138.8M |
| Capital expenditure | $155.0M | $153.9M | $151.2M | $170.8M | $134.3M | $138.4M | $62.5M | $61.2M | $26.1M | $25.4M |
| Investing cash flow | -$2.80B | $650.0M | $683.2M | $1.23B | -$1.31B | -$606.6M | $95.2M | -$905.8M | -$340.6M | -$114.2M |
| Financing cash flow | -$613.1M | $1.95B | -$240.1M | $97.6M | $2.65B | $3.68B | $243.4M | $515.8M | $454.9M | $90.7M |
| Buybacks | $2.33B | $1.17B | $156.8M | $0 | $0 | — | — | — | — | — |
Figures as tagged in each year's own filing, in US dollars. A year restated by a later filing shows the restated figure. Capital expenditure, dividends and buybacks are cash out, shown positive. A line the filer does not report is not listed. Latest from accession 0001628280-26-027203.
Plot the figures US dollars
- Revenue
- Gross profit
- Net income
| Fiscal year | FY2016 | FY2017 | FY2018 | FY2019 | FY2020 | FY2021 | FY2022 | FY2023 | FY2024 | FY2025 |
|---|---|---|---|---|---|---|---|---|---|---|
| Revenue | $1.71B | $2.21B | $3.30B | $4.71B | $9.50B | $17.66B | $17.53B | $21.92B | $24.12B | $24.19B |
| Gross profit | $576.0M | $839.3M | $1.30B | $1.89B | $2.73B | $4.42B | $5.99B | $7.50B | $8.89B | $10.36B |
| Net income | -$171.6M | -$62.8M | -$38.5M | $375.4M | $213.1M | $166.3M | -$540.7M | $9.8M | $2.90B | $1.31B |
Recent filings and events
- Results announced The quarterly or annual earnings release. Arrives four times a year from almost every company here. Item 2.02
- Shareholder vote The results of the annual meeting or a special vote. Item 5.07
- Officer or director change Someone at the top arrived or left. The item covers everything from a board retirement to a chief executive being removed, and only the filing itself says which. Item 5.02
- Results announced Item 2.02
- Officer or director change Item 5.02
- Annual report filed A new 10-K. The figures and the business description on this site come from it. Form 10-K
- Results announced Item 2.02
- Restructuring or exit costs A restructuring: layoffs, a plant closure, a business being wound down. Item 2.05
- Officer or director change Item 5.02
- Material agreement signed The company entered an agreement outside the ordinary course of business - a large contract, a credit facility, a merger agreement. Item 1.01
- New debt or obligation The company has taken on debt or a comparable obligation. Item 2.03
- Other event The catch-all. The company chose to disclose something that fits no other item, so the content is whatever it says it is. Item 8.01
Item numbers are Form 8-K's own, and a filing date is up to four business days after the thing it reports. The same feed across the whole market.
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