FirmAtlas
Company handbook · XYZ · Prepared by FirmAtlas · firmatlas.app · printed 2026-10-17
XYZ · CIK 1512673 · LATEST FILING: 10-Q JUN '26 · FILED AUG 5, 2026
BLOCK, INC.
$77.89
−1.94 (−2.43%)
Close, Oct 16, 2026 · 52-week $48–87
Last fiscal year
BLOCK, INC. reported revenue of $24.2B for the year ended Dec 31, 2025 (FY25), up 0.3% from FY24. Net income was $1.3B, operating cash flow $2.6B and free cash flow $2.4B. Source: 10-K filed Feb 26, 2026.
Market cap
$48.5B
P/E
135.8
EV/EBITDA
17.3x
P/B
2.2
ROIC
14.8%
Revenue 1Y
0.3%/yr
EPS 1Y
−53.9%/yr
Shares 1Y
−2%
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Median
Daily closes, split-adjusted · ratios at each fiscal year end
Company
CEOJack Dorsey
HQOakland, CA
AuditorErnst & Young LLP
Employees10,205
Year endsDecember
Revenue by segment · FY25
Cash App65%
Seller35%
Compounded growth & averages
10Y
5Y
3Y
TTM
Share price
21.5%
−20.7%
20.3%
4.5%
Upgrade to see 10 years
Share price: yearly compound rate of the traded close; the last column is the past year.
Where the cash went · FY24–FY25
$3.8B deployed
Capex
$309M
8.1%
Buybacks
$3.5B
91.9%
Operating cash flow over the period: $4.3B. Total debt changed by $0M. R&D of $5.8B is already inside operating costs.
Growth engines
How much of the profit growth came from new investment, and how much from running the business better.
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Financials
Last 2 years · Upgrade to see 10 years · USD millions · each year opens its 10-K · change vs previous year
Last 4 quarters · USD millions · quarter-end month shown · change vs same quarter a year earlier
Per-share figures are split-adjusted (2-for-1 split after FY15).
TTM = the last four quarters, to Jun '26. Balance-sheet rows show that latest quarter. “—” where the quarters do not add up to the annual figures. No TTM for cash: our quarterly rows do not hold short-term investments yet, and annual cash includes them.
Income
Revenue
24,121
24,194+0.3%
25,042
YoY
+0.3%
Gross profit
8,889
10,360+16.5%
11,609
Gross margin
36.9%
42.8%+6.0 pp
—
Operating income
892
1,708+91.5%
1,170
Operating margin
3.7%
7.1%+3.4 pp
—
EBITDA
1,268
2,078+63.8%
—
EBITDA margin
5.3%
8.6%+3.3 pp
—
Interest expense
166
256+54.9%
—
Interest coverage
7.66x
8.10x+0.44x
—
Net income
2,897
1,306−54.9%
357
YoY
−54.9%
Net margin
12.0%
5.4%−6.6 pp
—
EPS (diluted, $)
4.56
2.10−53.9%
0.56
YoY
−53.9%
Balance sheet
Total assets
36,778
39,550+7.5%
39,157
Cash & short-term investments
13,231
12,481−5.7%
—
Accounts receivable
149
238+60.0%
—
Inventory
105
158+50.8%
—
Net PP&E
314
323+2.8%
—
Other assets
22,979
26,349+14.7%
—
Total liabilities
15,510
17,346+11.8%
17,110
Accounts payable
118
115−2.9%
—
Other liabilities
15,392
17,231+12.0%
—
Shareholders’ equity
21,268
22,204+4.4%
22,047
Total liabilities = total assets − shareholders’ equity, so it includes minority interest where a company has one.
Cash flow statement · as filed
Cash from operations
1,707
2,580+51.1%
4,057
Net income
2,866
1,304−54.5%
—
Depreciation & amortization
376
370−1.8%
—
Stock-based compensation
1,273
1,215−4.5%
—
Working capital & other
(2,808)
(310)n/m
—
Cash from investing
650
(2,802)−531.1%
—
Capex
(154)
(155)n/m
—
Investments bought
(1,198)
(701)n/m
—
Investments sold / matured
1,006
469−53.4%
—
Other investing
996
(2,415)−342.4%
—
Cash from financing
1,953
(613)−131.4%
—
Debt raised
2,000
2,200+10.0%
—
Buybacks
(1,170)
(2,331)n/m
—
Other financing
1,123
(482)−143.0%
—
Net change in cash
4,221
(749)−117.7%
—
Free cash flow (OCF − capex)
1,553
2,425+56.1%
3,882
Where the cash went
Operating cash flow
1,707
2,580+51.1%
4,057
Reinvested in the business
154
155+0.7%
—
% of operating cash flow
9.0%
6.0%
Capex
154
155+0.7%
176
R&D (memo, already in costs)
2,914
2,908−0.2%
—
Free cash flow
1,553
2,425+56.1%
3,882
YoY
+56.1%
Returned to shareholders
1,170
2,331+99.1%
—
% of free cash flow
75.3%
96.1%
Buybacks
1,170
2,331+99.1%
—
FCF conversion (FCF ÷ net income)
53.6%
185.7%+132.1 pp
—
Owner earnings
—
1,374
—
Owner earnings margin
—
5.7%
—
Returns & ratios
Income
Sep '25
Dec '25
Mar '26
Jun '26
Revenue
6,115
6,252
6,057
6,618
vs year-ago quarter
Gross profit
2,662
2,872
2,909
3,166
Gross margin
43.5%
45.9%
48.0%
47.8%
Operating income
409
485
(172)
447
Net income
462
116
(309)
89
vs year-ago quarter
Net margin
7.5%
1.9%
−5.1%
1.3%
EPS (diluted, $)
0.74
0.19
−0.52
0.15
vs year-ago quarter
Balance sheet
Sep '25
Dec '25
Mar '26
Jun '26
Total assets
39,183
39,550
39,986
39,157
Cash & equivalents
13,945
12,481
13,495
12,851
Total debt
7,286
—
7,293
5,721
Shareholders’ equity
22,507
22,204
21,715
22,047
Cash flow
Sep '25
Dec '25
Mar '26
Jun '26
Operating cash flow
1,451
621
966
1,020
Capex
51
41
31
53
Free cash flow
1,400
580
935
967
vs year-ago quarter