XYZ

Block
D

XYZ

Arincen62/100B

If you had invested in Block ago, it would be worth $7,120 today, against $4,081 in SPY and $6,291 in QQQ.

ArincenArincen ScoreBeta

62/100

Six parts of the company, five checks each, from its own reported figures. A part scores the checks it passes out of 10; the score is their average out of 100.

Profitability4

Plus shows the checks behind each part of the score, what passed, what failed and the figure it read, for every stock.

Cash8

Plus shows the checks behind each part of the score, what passed, what failed and the figure it read, for every stock.

Valuation10

Plus shows the checks behind each part of the score, what passed, what failed and the figure it read, for every stock.

Growth8

Plus shows the checks behind each part of the score, what passed, what failed and the figure it read, for every stock.

Financial strength4

Plus shows the checks behind each part of the score, what passed, what failed and the figure it read, for every stock.

Shareholders3.3

Plus shows the checks behind each part of the score, what passed, what failed and the figure it read, for every stock.

Figures to FY2025; the price as of today.

Block key facts

Style
Growth stock · 10.0/10Growth 10.0 · Value 5.1
Day range
82.260 – 85.060
52-week range
48.210 – 89.400
Market capitalization
46.07B USD
P/E
112.80
PEG ratio
3.52
EPS
0.75
EPS growth forecast (FY2026)
+75.1%
Volume
186,292
Beta
2.56
ESG score
58.5/100Environment 62 · Social 58 · Governance 56
Sector
Technology
Industry
Software - Infrastructure
CEO
Jack Dorsey
Employees
10K
Website
block.xyz
IPO date
19 Nov 2015

Block earnings

Next earnings · Q4 FY2026
EPS estimate
1.15 USD
Revenue estimate
6.78B USD
Last quarter · Q3 FY2026
EPS1.13Beat +9.7%Revenue6.72BBeat +2.0%

Revenue

ReportedEstimate

EPS

ReportedEstimate
PeriodReport dateEPS estimateReported EPSSurpriseEPS growthRevenue estimateReported revenueSurpriseRevenue growth
Q3 FY20271.40——+23.94%7.47B——+11.18%
Q2 FY20271.33——+30.58%7.32B——+10.55%
Q1 FY20271.16——+36.40%6.74B——+11.29%
Q4 FY20261.15——+76.92%6.78B——+8.49%
Q3 FY20261.031.13+9.71%+109.26%6.59B6.72B+2.03%+9.88%
Q2 FY20260.871.02+17.11%+64.52%6.47B6.62B+2.22%+9.30%
Q1 FY20260.680.85+25.93%+51.79%6.03B6.06B+0.42%+4.94%
Q4 FY20250.650.65-0.31%-8.45%6.28B6.25B-0.42%+3.65%
Q3 FY20250.640.54-15.36%-38.64%6.30B6.11B-2.99%+2.33%
Q2 FY20250.630.62-1.12%-33.33%6.30B6.05B-3.84%-1.64%

Analysts' estimates for FY2026 over the last 7 days:EPS Revenue How the estimates moved

Block analyst forecast

12-month price target
97.88 USD
+15.70%

Analysts' 1-year price targets range from 80.00 to 115.00, with an average of 97.88.

Past year
1-year forecast
Strong sellStrong buy
Strong buy
32 ratings
Buy
26
Hold
6
Sell
0

12-month price target

Highest target115.00
Average target97.88
Lowest target80.00
Current price84.60

Block valuation

Price to earnings ratio (TTM)
112.80
Forward P/E (FY2026)
20.39
Price to sales (TTM)
1.80
Price to book
2.01
EV / EBITDA (TTM)
34.56

Capital structure

Market capitalization
46.07B USD
+
Total debt
7.54B USD
−
Cash and short-term investments
8.24B USD
=
Enterprise value
45.36B USD

Valuation over time

P/EForward P/EForward P/E · EstimateEstimate
Fiscal yearP/EForward P/EP/SP/BEV/EBITDA
FY2028 (est.)12.67————
FY2027 (est.)15.6612.67———
FY2026 (est.)20.3915.66———
Now (TTM)112.8016.141.802.0134.56
FY202530.5615.691.651.7917.12
FY202418.0835.632.172.4727.60
FY20234,834.3732.432.152.52118.60
FY2022-67.5732.432.082.11-185.56
FY2021448.64130.914.1922.62135.34

Block against its own history

Each figure in the latest fiscal year against the same figure from FY2021 to FY2025: the range, its median (the line) and the latest (the dot, green on the good side of the median). The P/E is today's against its daily readings of five years.

Its peers: Twilio, Zscaler, Okta, Corpay, CoreWeave, Inc. Class A Common Stock, and VeriSign, the US Software - Infrastructure companies closest to it in size, each in its own latest fiscal year: their median (the line) and its rank among them, first being the best.

  • Gross marginHighest in 5 years42.8%
    25.0%42.8%
    Against its peers: 7 of 7Peers' median 74.2%
  • Operating marginHighest in 5 years7.1%
    -3.6%7.1%
    Against its peers: 3 of 7Peers' median 4.3%
  • Net marginAbove its median5.4%
    -3.1%12.0%
    Against its peers: 4 of 7Peers' median 4.4%
  • Return on equityAbove its median5.9%
    -3.1%13.6%
    Against its peers: 2 of 6Peers' median 0.4%
  • Free cash flow marginHighest in 5 years10.0%
    -0.2%10.0%
    Against its peers: 6 of 7Peers' median 27.1%
  • Revenue growthBelow its median0.3%
    -0.7%86.0%
    Against its peers: 7 of 7Peers' median 13.8%
  • EPS growthBelow its median-53.8%
    -381.8%28,516.4%
    Against its peers: 4 of 4Peers' median 10.1%
  • Debt to EBITDALowest in 5 years4.10×
    4.10×16.00×
    Against its peers: 4 of 7Peers' median 4.15×
  • Current ratioAbove its median2.20
    1.852.33
    Against its peers: 2 of 7Peers' median 1.17

Peers: US companies of the same industry (of its sector when the industry has too few) from a tenth to ten times its market value, the six closest in size. Updated weekly.

Block growth and profitability

Revenue (TTM)
25.65B USD
Net income (TTM)
461.15M USD
Gross margin
47.50%
Operating margin
4.63%
Net margin
1.80%

Revenue / Net income

Revenue Net income Net margin
PeriodRevenueGrowthNet incomeGrowthGross marginOperating marginNet marginEBITDAGrowth
FY202524.19B+0.30%1.31B-54.93%42.82%7.06%5.40%2.19B+25.61%
FY202424.12B+10.06%2.90B+29,546.41%36.85%3.70%12.01%1.74B+359.28%
FY202321.92B+25.01%9.77M—34.24%-1.27%0.04%379.42M—
FY202217.53B-0.73%-540.75M-425.19%34.18%-3.56%-3.08%-188.57M-133.98%
FY202117.66B+85.95%166.28M-21.97%25.03%0.91%0.94%554.99M+55.41%

Block revenue breakdown

By product

FY2025
100.0%Financial Solutions
SegmentRevenueShare of revenueChange on the year
Financial Solutions4.18B100.0%—

By region

FY2025
United States: 91.7%Non-US: 8.3%91.7%United States8.3%Non-US
RegionRevenueShare of revenueChange on the year
United States22.19B91.7%-0.7%
Non-US2.01B8.3%+13.4%

How Block makes its money

Revenue24.19B 100.0%
Cost of revenue13.83B 57.2%
Gross profit10.36B 42.8%
Research and development2.91B 12.0%
Selling and administration4.27B 17.7%
Other operating expenses1.47B 6.1%
Operating income1.71B 7.1%
Tax385.70M 1.6%
Other expense17.07M 0.1%
Net income1.31B 5.4%

FY2025, in USD. Each band is as wide as its money; the percentage is its share of revenue.

Block financial health

Cash and short-term investments
8.24B USD
Total debt
7.54B USD
Net cash
709.12M USD
Free cash flow (TTM)
3.45B USD
Current ratio
2.23
Debt to equity
0.33
Piotroski score
7 / 9
Altman Z-score
2.74

Cash, debt and free cash flow

Cash and short-term investments Total debt Free cash flow
Fiscal yearCash and short-term investmentsTotal debtFree cash flow
FY202511.96B8.97B2.42B
FY202412.75B7.92B1.55B
FY20239.42B6.07B-50.19M
FY20228.81B6.33B5.09M
FY20218.14B5.52B543.51M

Block ownership

Institutions
74.75%
Institutional holders
1,168 (+101)
Free float
98.39%

Who owns the shares

Institutions 74.8% Others 25.2%
As of 30 Jun 2026

Shares free to trade

Free float 535.78M shares ·98.4% Closely held 8.76M shares ·1.6%

Closely held shares belong to insiders, founders and owners of more than 5%, and seldom change hands. The free float is the rest: the shares anyone can buy and sell.

Insider trading

QuarterPurchasesSalesShares acquiredShares disposed of
Q4 20260211.16K155.00K
Q3 2026078113.32K744.62K
Q2 20260281.13M234.82K
Q1 2026091.31K49.00K

Shares outstanding

Basic shares Diluted shares Change in diluted shares
Fiscal yearBasic sharesDiluted sharesChange in diluted shares
FY2025612.24M622.84M-2.13%
FY2024616.99M636.39M+3.64%
FY2023608.86M614.02M+6.06%
FY2022578.95M578.95M+15.38%
FY2021458.43M501.78M+4.07%

Source: Financial Modeling Prep

Title: Block Inc

Sector: Technology
Industry: Software - Infrastructure
Founded in 2009, Block provides payment services to merchants, along with related services. The company also launched Cash App, a person-to-person payment network. In 2025, Square's payment volume was almost USD 260 million.

Common questions about Block stock