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Block, Inc.

Block, Inc.

NYSE•XYZ
CEO: Mr. Jack Dorsey
Sector: Technology
Industry: Software - Infrastructure
Listing Date: 2015-11-19
Block, Inc., together with its subsidiaries, builds ecosystems focused on commerce and financial products and services in the United States and internationally. It operates through two segments, Square and Cash App. The Square segment offers commerce products for restaurants, appointments, retail, point of sale, online, online checkout, and invoices, as well as virtual terminals, risk and order managers, and payment and commerce application programming interfaces; managed payment services; software solutions; hardware products, such as registers, terminals, stands, and readers for contactless and chips; banking services consisting of lending, instant transfer, and checking and savings accounts; and full-service setup and support services. This segment also provides loyalty, marketing, team management, and payroll services; and gift cards. The Cash App segment offers financial tools within the mobile Cash App, including peer-to-peer payments, bitcoin, and stock investment brokerage; Cash App Card, a debit card; direct deposit, cash boost, and tax preparation services; and Afterpay, a buy now, pay later platform. This segment also provides Pay in 4, monthly payment solutions, advertising and affiliate, shop directory, and Cash App Pay services; and business accounts, and Afterpay and Afterpay Plus cards. In addition, the company operates TIDAL, a platform for musicians and fans; TBD, an open developer platform focused on making the decentralized financial world accessible; Bitkey, a self-custody bitcoin wallet; and Spiral, which focuses on bitcoin open source work. It serves businesses, sellers, and individuals through e-commerce and retail distribution channels. The company was formerly known as Square, Inc. and changed its name to Block, Inc. in December 2021. Block, Inc. was incorporated in 2009 and is based in Oakland, California.
Contact Information
1955 Broadway, Suite 600, Oakland, CA, 94612, United States
415-375-3176
www.block.xyz
Market Cap
$37.13B
P/E (TTM)
11.9
40
Dividend Yield
--
52W High
$98.99
52W Low
$44.27
52W Range
31%
Rank55Top 68.5%
3.0
F-Score
Modified Piotroski Analysis
Based on 10-year fundamentals
Weak • 3 / 9 points
Scoring Range (0-9)
8-9: Excellent Value
6-7: Strong Fundamentals
4-5: Average Quality
0-3: Weak Performance
Data Period: 2015-2024

Financial Dashboard

Q3 2025 Data

Revenue

$6.11B+2.33%
4-Quarter Trend

EPS

$0.76+65.22%
4-Quarter Trend

FCF

$1.40B+122.94%
4-Quarter Trend

2025 Q3 Earnings Highlights

Key Highlights

Gross Profit Substantial Improvement Nine months gross profit reached $7.49B, increasing $909.0M or 14% versus prior year, driven by core services strength.
Subscription Revenue Strong Growth Subscription and services revenue grew $880.3M, or 17%, reaching $6.15B for nine months, showing favorable margin economics.
Net Income Attributable Growth Net income for common stockholders totaled $1.19B for nine months, marking a $238.8M increase, or 25%, year-to-date.
Substantial Cash Position Maintained Cash and cash equivalents stood at $8.34B as of September 30, 2025, supporting liquidity needs and capital deployment plans.

Risk Factors

Credit Loss Provisions Surge Transaction, loan, and consumer receivable losses increased $277.6M, up 51% for nine months, driven by loan volume growth.
Bitcoin Revenue Declining Sharply Bitcoin revenue dropped $1.4B, or 17%, for nine months, reflecting volatile trading volume and market price fluctuations.
Regulatory Scrutiny Continues Ongoing litigation and regulatory matters, including San Francisco tax disputes, pose material, though currently unquantifiable, loss risks.
Intense Market Competition Risks Vigorous competition and rapid technological change, especially in AI and payments, may inhibit growth and erode market share.

Outlook

Focus on Cost Efficiency Management sharpened focus on cost efficiency, recording $79.5M in severance and restructuring expenses for nine months 2025.
New Senior Notes Issued Issued $2.2B aggregate principal amount of 2030 and 2033 Senior Notes in Q3 2025 to fund operations and capital needs.
Liquidity Supports Future Plans Available liquidity of $10.5B, including $775.0M credit facility, is deemed sufficient for foreseeable needs and share repurchases.
AI Integration Strategy Continued investment in AI features is planned, though success depends on adoption and navigating evolving, uncertain legal frameworks.

Peer Comparison

Revenue (TTM)

Block, Inc.XYZ
$23.97B
+0.5%
NXP Semiconductors N.V.NXPI
$12.05B
-6.8%
Western Digital CorporationWDC
$12.00B
-5.1%

Gross Margin (Latest Quarter)

Fortinet, Inc.FTNT
81.5%
-1.0pp
Zscaler, Inc.ZS
76.6%
-0.8pp
Electronic Arts Inc.EA
75.5%
-2.0pp

Key Metrics

Symbol
Market Cap
P/E (TTM)
ROE (TTM)
Debt to Assets
FTNT$66.40B35.4119.9%10.6%
STX$59.24B34.7-282.7%59.2%
WDC$58.65B22.834.8%32.6%

Long-Term Trends

Last 4 Quarters
Revenue
Net Income
Operating Cash Flow
4Q Revenue CAGR
0.5%
Moderate Growth
4Q Net Income CAGR
-38.1%
Declining Profitability
Cash Flow Stability
100%
Strong Cash Flow

Research & Insights

Next earnings:Feb 19, 2026
|
EPS:$0.69
|
Revenue:-
Reports
All Years
  • Form 10-Q - Q3 2025

    Period End: Sep 30, 2025|Filed: Nov 6, 2025|
    Revenue: $6.11B+2.3%
    |
    EPS: $0.76+65.2%
    Meet
  • Form 10-Q - Q2 2025

    Period End: Jun 30, 2025|Filed: Aug 7, 2025|
    Revenue: $6.05B-1.6%
    |
    EPS: $0.88+175.0%
    Meet
  • Form 10-Q - Q1 2025

    Period End: Mar 31, 2025|Filed: May 1, 2025|
    Revenue: $5.77B-3.1%
    |
    EPS: $0.31-59.7%
    Miss
  • Form 10-K - FY 2024

    Period End: Dec 31, 2024|Filed: Feb 24, 2025|
    Revenue: $24.12B+10.1%
    |
    EPS: $4.70+29275.0%
    Beat
  • Form 10-Q - Q3 2024

    Period End: Sep 30, 2024|Filed: Nov 7, 2024|
    Revenue: $5.98B+6.4%
    |
    EPS: $0.46-406.7%
    Miss
  • Form 10-Q - Q2 2024

    Period End: Jun 30, 2024|Filed: Aug 1, 2024|
    Revenue: $6.16B+11.2%
    |
    EPS: $0.32-288.2%
    Miss
  • Form 10-Q - Q1 2024

    Period End: Mar 31, 2024|Filed: May 2, 2024|
    Revenue: $5.96B+19.4%
    |
    EPS: $0.77+381.3%
    Beat
  • Form 10-K - FY 2023

    Period End: Dec 31, 2023|Filed: Feb 22, 2024|
    Revenue: $21.92B+25.0%
    |
    EPS: $0.02+101.7%
    Miss