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NYSE · Technology

Block, Inc. (XYZ)

As-reported financials and SEC filings for Block, Inc. The latest annual period is FY2025. The latest reported quarter is Q2 FY2026. Financial statements come straight from the company’s EDGAR filings; valuation figures such as P/E and market cap use market data.

About Block, Inc.

Block, Inc. develops technology platforms that enable individuals and businesses to manage, move, and grow their money through integrated commerce and financial services. Its main products include the Square ecosystem, which offers payment processing, software, hardware, and financial solutions for sellers, and the Cash App ecosystem, which provides consumers with tools for sending money, banking, investing, and bitcoin transactions. Block also operates TIDAL, a music streaming platform, and develops bitcoin-related hardware and software to support digital asset ownership and security.

Snapshot

Revenue
$24.19B
Revenue growth (YoY)
0.3%
Net income
$1.31B
Diluted EPS
$2.10
Gross margin
42.8%
Operating margin
7.1%
Net margin
5.4%
FCF margin
10.0%
ROE
5.9%
net income / fiscal-year-end equity
P/E
146.9×
trailing when available, otherwise FY EPS
Market cap
$46.79B
Long-term debt / equity
0.33×
non-current term debt only

Fundamentals are from SEC filings for FY2025, the latest annual period (ended December 31, 2025). P/E and market cap are derived from stored market prices, last retrieved on a rolling basis and typically within the past week.

What changed at Block

  • Revenue grew 0.3% to $24.2B in FY2025, slower than the 10.1% the year before.
  • Operating margin is 7.1% in FY2025, +6.1 pp against 0.9% in FY2021.
  • Most recent quarter Q2 FY2026: revenue $6.6B, up 9.3% from Q2 FY2025.
  • Free cash flow was $2.4B in FY2025, 10.0% of revenue.
  • Net income fell 54.9% to $1.3B in FY2025.

Computed from the as-reported figures in the statements below. A change we cannot state from filed figures is left out rather than estimated.

Peer comparison

Where Block’s fundamentals sit among the 332 software companies. Each figure is ranked only against peers that report it, from lowest (left) to highest (right).

Gross margin42.8%
23rd percentile of 264
Operating margin7.1%
63rd percentile of 303
Net margin5.4%
58th percentile of 307
FCF margin10.0%
42nd percentile of 285
Revenue growth (YoY)+0.3%
21st percentile of 325
ROE5.9%
56th percentile of 285
P/E146.9×
96th percentile of 169
Long-term debt / equity0.33×
44th percentile of 127
Short interest2.41d
35th percentile of 330

Block’s P/E of 146.9 ranks in the 96th percentile of the 169 peers with a meaningful P/E.

No reported insider purchases (code P) in the last 90 days; 77 insider sales totaling $54.5M. For context, about 15% of companies in the universe saw any reported insider purchase (code P) in the same window. Browse insider activity →

Percentiles describe where a figure sits among industry peers reporting it (100th = highest). They are position within a peer group, not a rating, and not investment advice. Short interest ranking uses days to cover from FINRA Consolidated Short Interest data; FINRA is the owner and source of that data, included at no additional charge.

Institutional ownership

Held by 6 of the superinvestors we track (plus 6 quant / multi-strat books), based on each investor’s most recent 13F; periods vary by investor (newest: Q2 2026).

Conviction investors
6
+6 quant / multi-strat
Initiated / added
9
1 new, 8 added
Reduced / exited
3
3 trimmed, 0 exited
Combined position
$2.17B
reported long value
InvestorAs ofPosition valueSharesChange
Citadel AdvisorsquantQ2 2026$448.5M5.9MReduced
Sands Capital ManagementQ2 2026$428.1M5.6MAdded
Tiger Global ManagementQ2 2026$347.8M4.6MAdded
Point72 Asset ManagementquantQ2 2026$339.7M4.5MReduced
ARK Investment ManagementQ2 2026$235.4M3.1MAdded
Third PointQ2 2026$194.5M2.6MNew
AQR Capital ManagementquantQ2 2026$69.2M909.9KAdded
Millennium ManagementquantQ2 2026$32.1M422.1KAdded
Bridgewater AssociatesQ2 2026$31.4M413.1KAdded
Gotham Asset ManagementQ2 2026$28.2M370.9KAdded
D. E. ShawquantQ2 2026$15.5M204.0KAdded
Two Sigma InvestmentsquantQ2 2026$955,85212.6KReduced

From quarterly Form 13F filings, which can be up to 45 days delayed. Long US-listed positions only: excludes short positions, options, cash, bonds, and non-US holdings, so this is not a manager’s complete portfolio. Counts are of the investors we track, not all institutions. Not investment advice.

Recent insider activity

Non-derivative buys and sells (codes P/S) reported by officers, directors and 10% owners on SEC Form 4.

Buys (90d)
0
code P
Bought (90d)
code P value
Sells (90d)
77
$54.5M
Reported activity
Net selling
by $ value, 90d
Trade dateInsiderTypeSharesPriceValue
2026-09-01
Eisen Anthony MathewDirectorSell6.0K$80.04$480K
2026-08-31
filed 2026-09-01
Eisen Anthony MathewDirectorSell6.0K$82.58$495K
2026-08-28
filed 2026-09-01
Eisen Anthony MathewDirectorSell6.0K$85.12$511K
2026-08-27
Eisen Anthony MathewDirectorSell6.0K$84.00$504K
2026-08-26
filed 2026-08-27
Eisen Anthony MathewDirectorSell6.0K$82.00$492K
2026-08-25
filed 2026-08-27
Eisen Anthony MathewDirectorSell6.0K$81.81$491K
2026-08-24
Eisen Anthony MathewDirectorSell6.0K$81.48$489K
2026-08-24
Ahuja AmritaCFO & COOSell4.9K$82.92$404K
2026-08-24
Ahuja AmritaCFO & COOSell4.6K$81.91$380K
2026-08-24
Grassadonia BrianEcosystem LeadSell4.3K$82.90$360K
2026-08-24
Grassadonia BrianEcosystem LeadSell3.8K$81.88$314K
2026-08-24
Jennings Owen BrittonBusiness LeadSell1.3K$81.48$107K

Reported non-derivative purchases and sales (codes P/S) — which may be open-market or private; excludes option exercises, grants, and shares withheld for taxes. Dates shown are the trade date; a Form 4 can be filed days to years later. A sale can be routine (e.g. a pre-set 10b5-1 plan), so read individual transactions in context. From SEC Form 4. Not investment advice.

Short interest

Total shares sold short as of each twice-monthly FINRA settlement. Rising short interest means more investors are positioned against the stock; days to cover estimates how many trading days of average volume that position represents.

Shares short
13.7M
settled 2026-08-14
Change vs prior
-5.9%
vs previous settlement
Days to cover
2.41
at avg daily volume
Avg daily volume
5.7M
FINRA reported
SettlementShares shortChangeDays to cover
2026-08-1413.7M-5.9%2.41
2026-07-3114.5M-8.9%3.35
2026-07-1515.9M-5.3%3.12
2026-06-3016.8M-17.2%2.47
2026-06-1520.3M+3.1%3.46
2026-05-2919.7M-6.3%3.13
2026-05-1521.0M+5.0%3.30
2026-04-3020.0M-7.5%4.30

Source: FINRA Consolidated Short Interest. FINRA is the owner and source of the FINRA-supplied data, which is included at no additional charge for your own personal or professional use; republishing or redistributing it is not permitted. Settlement dates are shown; FINRA publishes each settlement about nine business days later, so the latest figure can be two to four weeks old. Not presented as a percentage of float. No FINRA endorsement of this product is implied. Not investment advice.

Income statement (as reported)

 FY2025FY2024FY2023FY2022FY2021
Revenue$24.19B$24.12B$21.92B$17.53B$17.66B
Gross profit$10.36B$8.89B$7.50B$5.99B$4.42B
Operating income$1.71B$892.3M$-278.8M$-624.5M$161.1M
Net income$1.31B$2.90B$9.8M$-540.7M$166.3M
Diluted EPS$2.10$4.56$0.02$-0.93$0.33

Figures as reported to the SEC. Underlined values link to the filing they came from; dotted values are calculated by us from reported figures; “adj” means restated for a stock split (hover to see the figure as filed). Full details: where the numbers come from.

Balance sheet (as reported)

Figures as reported to the SEC. Underlined values link to the filing they came from; dotted values are calculated by us from reported figures; “adj” means restated for a stock split (hover to see the figure as filed). Full details: where the numbers come from.

Cash flow (as reported)

 FY2025FY2024FY2023FY2022FY2021
Operating cash flow$2.58B$1.71B$101.0M$175.9M$847.8M
Capital expenditure$155.0M$153.9M$151.2M$170.8M$134.3M
Free cash flow$2.42B$1.55B$-50.2M$5.1M$713.5M

Figures as reported to the SEC. Underlined values link to the filing they came from; dotted values are calculated by us from reported figures; “adj” means restated for a stock split (hover to see the figure as filed). Full details: where the numbers come from.

Quarterly trend (as reported)

QuarterRevenueRevenue YoYNet incomeDiluted EPS
Q2 FY2026$6.62B9.3%$88.5M$0.15
Q1 FY2026$6.06B4.9%$-308.7M$-0.52
Q4 FY2025$6.25B3.6%$115.8M$0.19
Q3 FY2025$6.11B2.3%$461.5M$0.74
Q2 FY2025$6.05B-1.6%$538.5M$0.87
Q1 FY2025$5.77B-3.1%$189.9M$0.30
Q4 FY2024$6.03B4.5%$1.95B$3.04
Q3 FY2024$5.98B6.4%$283.8M$0.45

Latest 8 reported quarters, from company XBRL filings on SEC EDGAR.

Company facts

ExchangeNYSE
SectorTechnology
SIC industryServices-Prepackaged Software
Latest annual periodFY2025 (ended December 31, 2025)
Latest reported quarterQ2 FY2026 (ended June 30, 2026)
Oldest indexed filing2021
SEC CIK1512673

Selected SEC filings

10-K2026-02-26
View on EDGAR →
10-K2025-02-24
View on EDGAR →
10-Q2026-08-05
View on EDGAR →
10-Q2026-05-07
View on EDGAR →
10-Q2025-11-06
View on EDGAR →
10-Q2025-08-07
View on EDGAR →
8-K2026-08-05
View on EDGAR →
8-K2026-06-18
View on EDGAR →

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Data sourced from SEC EDGAR. Figures are as-reported and may be unaudited or restated; verify against the source filing before relying on them. Informational only. Not investment advice.