Financials

Block Inc. financials

XYZ Financial Services

Block Inc. is an American financial technology company founded in 2009 that provides digital payment solutions and merchant services through offerings like the Square point-of-sale system and Cash App. Led by co-founder and CEO Jack Dorsey, the firm generates revenue from processing fees, hardware sales, and subscription services. It holds a significant market presence in the fintech space, and its commitment to innovations in Bitcoin and blockchain technology positions it for further growth.

Snapshot

Block Inc. reported $24.19B in revenue in fiscal 2025, up 0.3% year over year, with an operating margin of 7.1%.

Revenue (FY2025): $24.19B
YoY growth: +0.3%
Operating margin: 7.1%
Direction: Expanding

Financial statements

In thousands, USD · annual

In thousands, USD
	FY 2025	FY 2024	FY 2023	FY 2022
Total Revenues	24,193,700	24,121,100	21,915,600	17,531,600
Cost of Sales	13,776,900	15,163,700	14,337,900	11,469,500
Gross Profit	10,416,800	8,957,400	7,577,720	6,062,090
Selling, General & Administrative Expenses	4,270,660	4,133,360	4,228,200	3,744,800
Depreciation & Amortization Expenses	192,579	223,073	246,873	208,952
Research & Development Expenses	2,907,890	2,914,420	2,720,820	2,135,610
Other Operating Expenses	1,337,250	794,221	660,663	597,254
Operating Profit	1,708,410	892,327	(278,839)	(624,532)
Interest Expense	(129,363)	(9,302)	47,221	(36,228)
Non-Operating Income	110,868	474,129	202,475	95,443
Total Non-Operating Income	(18,495)	464,827	249,696	59,215
Income Before Provision for Income Taxes	1,689,910	1,357,150	(29,143)	(565,317)
Provision for Income Taxes	385,701	(1,509,340)	(8,019)	(12,312)
Consolidated Net Income	1,304,210	2,866,500	(21,124)	(553,005)
Net Income Attributable to Minority Interests and Other	(1,426)	(30,550)	(30,896)	(12,258)
Net Income Attributable to Common Shareholders	1,305,640	2,897,050	9,772	(540,747)
Basic EPS	2.13	4.70	0.02	-0.93
Diluted EPS	2.10	4.56	0.02	-0.93
Basic Weighted Average Shares Outstanding	612,243	616,993	608,856	578,949
Diluted Weighted Average Shares Outstanding	622,838	636,390	614,024	578,949
Shares Outstanding	602,078	619,676	615,821	600,060

In thousands, USD
	FY 2025	FY 2024	FY 2023	FY 2022
Cash and Cash Equivalents	6,564,090	8,075,250	4,996,470	4,544,200
Short-Term Investments	517,777	403,426	851,901	1,081,850
Total Cash and Cash Equivalents	7,081,870	8,478,670	5,848,370	5,626,050
Accounts Receivable	4,030,310	3,565,850	5,670,990	4,287,480
Total Trade Receivables	4,030,310	3,565,850	5,670,990	4,287,480
Other Current Assets	11,744,700	7,835,680	6,299,340	5,709,870
Total Current Assets	22,856,900	19,880,200	17,818,700	15,623,400
Net Property, Plant & Equipment	538,304	534,386	540,757	702,474
Net Intangible Assets	1,281,670	1,433,070	1,761,520	2,014,030
Goodwill	11,849,000	11,417,400	11,919,700	11,966,800
Long-Term Investments	966,402	1,264,260	251,127	573,429
Other Long-Term Assets	2,057,610	2,248,260	739,486	484,237
Total Assets	39,549,900	36,777,600	33,031,300	31,364,300
Accounts Payable	6,805,370	5,837,150	6,795,340	6,011,160
Accrued Expenses	1,538,890	1,525,150	1,334,670	1,073,520
Short-Term Debt	466,942	185,000	753,035	461,240
Current Portion of Long-Term Debt	1,573,260	999,497	—	460,356
Other Current Liabilities	—	—	—	428,243
Total Current Liabilities	10,384,500	8,546,800	8,883,040	8,434,520
Long-Term Debt	6,613,700	6,402,620	4,974,970	4,986,900
Leases	257,126	278,617	289,788	357,419
Other Long-Term Liabilities	124,719	314,599	190,667	334,155
Total Long-Term Liabilities	6,995,550	6,995,840	5,455,430	5,678,470
Total Liabilities	17,380,000	15,542,600	14,338,500	14,113,000
Additional Paid-in Capital	18,895,400	19,900,400	19,602,000	18,314,700
Accumulated Other Comprehensive Income	(365,381)	(1,001,070)	(378,307)	(523,090)
Retained Earnings	3,674,250	2,368,620	(528,429)	(568,712)
Total Common Shareholders' Equity	22,204,300	21,267,900	18,695,300	17,222,900
Minority Interests and Other	(34,396)	(32,970)	(2,420)	28,476
Total Shareholders' Equity	22,169,900	21,235,000	18,692,800	17,251,400
Total Liabilities and Shareholders' Equity	39,549,900	36,777,600	33,031,300	31,364,300

In thousands, USD
	FY 2025	FY 2024	FY 2023	FY 2022
Net Income	1,304,210	2,866,500	(21,124)	(553,005)
Depreciation & Amortization	369,529	376,127	408,560	340,523
Share-Based Compensation Expense	1,215,480	1,272,780	1,276,100	1,071,280
Other Adjustments	608,562	(2,351,720)	(323,708)	(8,474)
Changes in Trade Receivables	(487,316)	1,947,850	(1,108,530)	(1,499,060)
Changes in Other Operating Activities	(296,898)	(2,538,030)	(130,335)	824,638
Cash from Operating Activities	2,579,710	1,707,350	100,961	175,903
Capital Expenditure	(155,038)	(153,947)	(151,151)	(170,815)
Purchases of Investments	(18,395,000)	(1,251,740)	(1,165,440)	(812,409)
Proceeds from Sale of Investments	14,959,200	1,451,660	1,726,930	1,838,870
Payments for Business Acquisitions	—	—	—	539,453
Other Investing Activities	788,972	603,981	272,864	(169,401)
Cash from Investing Activities	(2,801,930)	649,952	683,201	1,225,700
Issuance of Short-Term Debt	1,305,290	1,255,750	1,387,660	1,620,810
Repayments of Short-Term Debt	(1,456,870)	(1,329,730)	(1,118,080)	(872,157)
Net Issuance / (Repayments) of Short-Term Debt	(151,581)	(73,984)	269,579	748,648
Issuance of Long-Term Debt	2,200,000	2,000,000	—	—
Repayments of Long-Term Debt	(1,000,620)	—	(461,761)	(1,071,790)
Net Issuance / (Repayments) of Long-Term Debt	1,199,380	2,000,000	(461,761)	(1,071,790)
Issuance of Common Shares	88,943	154,779	130,433	81,768
Repurchases of Common Shares	(2,330,660)	(1,170,340)	(156,812)	(4,735)
Net Issuance / (Repurchases) of Common Shares	(2,241,720)	(1,015,560)	(26,379)	77,033
Other Financing Activities	580,824	1,042,210	(21,576)	343,687
Cash from Financing Activities	(613,099)	1,952,660	(240,137)	97,580
Effect of Exchange Rate Changes on Cash and Cash Equivalents	86,081	(88,539)	29,156	(38,363)
Increase / (Decrease) in Cash, Cash Equivalents and Restricted Cash	(749,236)	4,221,430	573,181	1,460,820

Quarterly trend

last 8 quarters

Quarter	Revenue	YoY growth	Operating margin	Operating income
Q1 2026	$6.06B	+4.9%	-2.8%	$-172M
Q4 2025	$6.25B	+3.6%	7.8%	$485M
Q3 2025	$6.11B	+2.3%	6.7%	$409M
Q2 2025	$6.05B	+-1.6%	8.0%	$484M
Q1 2025	$5.77B	—	5.7%	$329M
Q4 2024	$6.03B	—	0.2%	$13M
Q3 2024	$5.98B	—	5.4%	$323M
Q2 2024	$6.16B	—	5.0%	$307M

Revenue by quarter$M

$6.16B

Q2 '24

$5.98B

Q3 '24

$6.03B

Q4 '24

$5.77B

Q1 '25

$6.05B

Q2 '25

$6.11B

Q3 '25

$6.25B

Q4 '25

$6.06B

Q1 '26

43.1%

Gross margin

7.1%

Operating margin

5.4%

Net margin

SourceCompany financial filings (income statement, balance sheet, cash flow) Last updated2026-06-11

Snapshot

Financial statements

Quarterly trend

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