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.
Financial Statements
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
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
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