Snapshot
Block, Inc. reported $6.25B of revenue in Q4 2025, up 3.6% year over year, with diluted EPS of $0.19 and an operating margin of 7.8%.
- Revenue
- $6.25B
- YoY growth
- +3.6%
- Diluted EPS
- $0.19
- Operating margin
- 7.8%
$6.25B
Revenue
+3.6%
YoY growth
$0.19
Diluted EPS
7.8%
Operating margin
01 Key takeaways
What management said
- •These forward-looking statements include discussions of our outlook, strategy, and guidance, as well as our long-term targets and goals, and how we plan to operate moving forward.
- •With Rule of 40, we are evaluating the sum of our gross profit growth and adjusted operating income margin.
- •In 2025, gross profit growth more than doubled from the first quarter to the fourth quarter.
- •We accelerated Square GPV growth and had our strongest new volume added year on record.
- •Small businesses that rely on us to get paid, to manage their money, to access capital.
- •Amrita will now share more detail on the quarter and our outlook for the year.
- •The organizational changes we're sharing today represent a deliberate choice about Block's next phase of growth.
- •In the fourth quarter, we outperformed our guidance across gross profit, adjusted operating income, and adjusted EPS, translating product velocity into strong financial performance.
- •Gross profit growth more than doubled from the first quarter to the fourth quarter, leading to $10.36 billion in gross profit for the full year and growth of 17% year-over-year.
- •Even with additional investment in go-to-market, we grew adjusted operating income 30% year-over-year in 2025, delivering 2 points of margin expansion.
- •We grew consumer lending origination volume by 50% year-over-year in 2025, while sustaining strong margins and healthy risk loss performance.
- •We accelerated Square GPV growth from 8.6% in 2024 to 10% in 2025 and delivered our strongest year ever for new volume added, or NVA, as we expanded our distribution channels.
SourcesCompany financials · earnings call
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