BLOCK, INC.
Fiscal years labelled by the calendar year in which they end. Bars in $ billions; per-share figures as reported.
CAPITALIZATION 12/31/25
| ($ millions) | Amount | % |
|---|---|---|
| Total debt | – | – |
| Stockholders' equity | 22,204 | 100.0 |
| Total capitalization | 22,204 | 100.0 |
LONG-TERM DEBT 12/31/25
| ($ millions) | Amount |
|---|---|
| Not tagged in XBRL |
CAPITAL STOCK 12/31/25
| Preferred stock ($ millions) | 0 |
DIVIDENDS DECLARED/PAID
| Fiscal year | Per share $ | Payout % |
|---|---|---|
| 2025 | – | – |
| 2024 | – | – |
| 2023 | – | – |
| 2022 | – | – |
| 2021 | – | – |
HISTORY AND BUSINESS
HISTORY: Incorporated in Delaware. Formerly known as Square, Inc. (to 8 December 2021).
BUSINESS: Classified by the SEC under Standard Industrial Classification 7372, Services-Prepackaged Software. Large accelerated filer. Principal executive office: 1955 Broadway, Suite 600, Oakland, CA 94612. Fiscal year ends December 31. For a description of the business, see Item 1 of the latest 10-K.
CONSOLIDATED INCOME ACCOUNT, YEARS ENDED
| ($ millions) | 12/31/25 | 12/31/24 | 12/31/23 |
|---|---|---|---|
| Revenues | 24,194 | 24,121 | 21,916 |
| Cost of revenues | 13,834 | 15,232 | 14,411 |
| Gross profit | 10,360 | 8,889 | 7,505 |
| Research and development | 2,908 | 2,914 | 2,721 |
| Depreciation and amortization | 370 | 376 | 409 |
| Operating income | 1,708 | 892 | (279) |
| Interest expense | 256 | 166 | 0 |
| Income before income taxes | 1,690 | 1,357 | (29) |
| Income taxes | 386 | (1,509) | (8) |
| Net income | 1,306 | 2,897 | 10 |
| Earned per share, diluted ($) | 2.10 | 4.56 | 0.02 |
| Dividends per share ($) | – | – | – |
CONSOLIDATED BALANCE SHEET
| ($ millions) | 12/31/25 | 12/31/24 |
|---|---|---|
| Cash and equivalents | 6,564 | 8,075 |
| Receivables, net | 238 | 149 |
| Inventories | 158 | 105 |
| Total current assets | 22,857 | 19,880 |
| Property, plant and equipment, net | 323 | 314 |
| Goodwill | 11,849 | 11,417 |
| Total assets | 39,550 | 36,778 |
| Total current liabilities | 10,384 | 8,547 |
| Total liabilities | 17,380 | 15,543 |
| Stockholders' equity | 22,204 | 21,268 |
| Total liabilities and equity | 39,550 | 36,778 |
TEN-YEAR STATISTICS: FISCAL YEARS ($ millions except per share)
| Fiscal year ended | Revenues | Oper. income | Net income | Net margin % | EPS diluted $ | Div. per share $ | Oper. cash flow | Capital expend. | Free cash flow | Total assets | Total liabilities | Total debt | Stockholders' equity | ROE % | Debt / equity |
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| 12/31/25 | 24,194 | 1,708 | 1,306 | 5.4 | 2.10 | – | 2,580 | 155 | 2,425 | 39,550 | 17,380 | – | 22,204 | 5.9 | – |
| 12/31/24 | 24,121 | 892 | 2,897 | 12.0 | 4.56 | – | 1,707 | 154 | 1,553 | 36,778 | 15,543 | – | 21,268 | 13.6 | – |
| 12/31/23 | 21,916 | (279) | 10 | 0.0 | 0.02 | – | 101 | 151 | (50) | 33,031 | 14,338 | – | 18,695 | 0.1 | – |
| 12/31/22 | 17,532 | (625) | (541) | -3.1 | (0.93) | – | 176 | 171 | 5 | 31,364 | 14,113 | 4,110 | 17,223 | -3.1 | 0.24 |
| 12/31/21 | 17,661 | 161 | 166 | 0.9 | 0.33 | – | 848 | 134 | 714 | 15,026 | 11,713 | 4,560 | 3,273 | 5.1 | 1.39 |
| 12/31/20 | 9,498 | (19) | 213 | 2.2 | 0.44 | – | 173 | 138 | 35 | 9,870 | 7,188 | 2,587 | 2,682 | 7.9 | 0.96 |
| 12/31/19 | 4,714 | 27 | 375 | 8.0 | 0.81 | – | 328 | 62 | 265 | 4,551 | 2,836 | 939 | 1,715 | 21.9 | 0.55 |
| 12/31/18 | 3,298 | (37) | (38) | -1.2 | (0.09) | – | 295 | 61 | 234 | 3,281 | 2,161 | 900 | 1,121 | -3.4 | 0.80 |
| 12/31/17 | 2,214 | (54) | (63) | -2.8 | (0.17) | – | 128 | 26 | 102 | 2,187 | 1,401 | 359 | 786 | -8.0 | 0.46 |
| 12/31/16 | 1,709 | (170) | (172) | -10.0 | (0.50) | – | 23 | 25 | (2) | 1,211 | 635 | 0 | 576 | -29.8 | 0.00 |
Net margin = net income ÷ revenues; ROE = net income ÷ year-end stockholders’ equity; total debt = long-term debt including current maturities plus short-term borrowings/commercial paper, as tagged in XBRL; free cash flow = operating cash flow − purchases of property, plant and equipment; d = derived as total assets − total equity where the filing does not tag total liabilities; – = not reported in XBRL for that year.
REGISTRANT:
Block, Inc.
CIK 1512673 · EIN 80-0429876
PRINCIPAL OFFICE:
1955 Broadway, Suite 600, Oakland, CA 94612
Tel.: 415-375-3176
INCORPORATED:
Delaware
INDUSTRY (SEC SIC CODE):
7372 · Services-Prepackaged Software
FILER STATUS:
Large accelerated filer
LATEST ANNUAL REPORT:
10-K for period ended 12/31/25, filed 26 February 2026
FORMER NAMES:
Square, Inc.
Sources: SEC XBRL company facts (all financial figures) · SEC submissions (registrant, address, SIC, filings) · annual reports: 10-K FY2025 (filed 2/26/26) · 10-K FY2024 (filed 2/24/25) · 10-K FY2023 (filed 2/22/24) · 10-K FY2022 (filed 2/23/23) · 10-K FY2021 (filed 2/24/22) · 10-K FY2020 (filed 2/23/21) · 10-K FY2019 (filed 2/26/20) · 10-K FY2018 (filed 2/27/19). Values are the latest figures filed for each fiscal year (restated where a later 10-K restated them). Ratios and free cash flow are Pathos calculations from those figures. Retrieved 31 October 2026.
Data from SEC filings. © 2026 Pathos Investments · pathosinvestments.com · For educational purposes only. Not investment advice.