NYSE : XYZ
Block, Inc. — Financial statements
Technology · Software - Infrastructure · United States
Last price 76.22 USD (Oct 30, 2026, 4:00 PM EDT) · Market cap 46.08B
Overview · Financial statements · Key statistics · Dividends · Company profile · Price history · Reports
Financial statements
Block, Inc. (XYZ) reported revenue of 25.04B USD (TTM). Five years of income statement, balance sheet, cash flow and ratios below.
Income statement
Fiscal year January - December; amounts in USD.
| TTM | FY2025 | FY2024 | FY2023 | FY2022 | FY2021 | |
|---|---|---|---|---|---|---|
| Revenue | 25.04B | 24.19B | 24.12B | 21.92B | 17.53B | 17.66B |
| Cost of Revenue | 13.38B | 13.78B | 15.16B | 14.34B | 11.47B | 13.22B |
| Gross Profit | 11.66B | 10.42B | 8.96B | 7.58B | 6.06B | 4.44B |
| Selling, General & Admin | 5.22B | 4.22B | 3.99B | 4.16B | 3.73B | 2.60B |
| Research & Development | 3.07B | 2.91B | 2.91B | 2.72B | 2.14B | 1.38B |
| Amortization of Goodwill & Intangibles | 190.01M | 192.58M | 223.07M | 246.87M | 208.95M | 38.39M |
| Other Operating Expenses | 1.96B | 1.34B | 794.22M | 660.66M | 597.25M | 259.12M |
| Operating Expenses | 10.44B | 8.66B | 7.92B | 7.79B | 6.67B | 4.28B |
| Operating Income | 1.22B | 1.76B | 1.04B | -212.94M | -608.33M | 161.11M |
| Interest Expense | -371.06M | -305.86M | -237.50M | -145.28M | -94.09M | -53.96M |
| Interest & Investment Income | 121.31M | 127.10M | 156.20M | 126.60M | 41.66M | 20.84M |
| Other Non Operating Income (Expenses) | -420.96M | -61.39M | 441.88M | 219.00M | 21.99M | -6.02M |
| EBT Excluding Unusual Items | 551.38M | 1.52B | 1.40B | -12.62M | -638.77M | 121.97M |
| Impairment of Goodwill | -73.51M | |||||
| Gain (Loss) on Sale of Investments | 161.00M | 172.26M | 32.24M | -16.52M | 73.46M | 35.49M |
| Pretax Income | 712.38M | 1.69B | 1.36B | -29.14M | -565.32M | 157.46M |
| Income Tax Expense | 356.75M | 385.70M | -1.51B | -8.02M | -12.31M | -1.36M |
| Earnings From Continuing Operations | 355.63M | 1.30B | 2.87B | -21.12M | -553.00M | 158.83M |
| Minority Interest in Earnings | 1.51M | 1.43M | 30.55M | 30.90M | 12.26M | 7.46M |
| Net Income | 357.14M | 1.31B | 2.90B | 9.77M | -540.75M | 166.28M |
| Net Income to Common | 357.14M | 1.31B | 2.90B | 9.77M | -540.75M | 166.28M |
| Shares Outstanding (Basic) | 603.04M | 612.24M | 616.99M | 608.86M | 578.95M | 458.43M |
| Shares Outstanding (Diluted) | 608.14M | 622.84M | 636.39M | 614.02M | 578.95M | 501.78M |
| EPS (Basic) | 0.59 | 2.13 | 4.70 | 0.02 | -0.93 | 0.36 |
| EPS (Diluted) | 0.59 | 2.10 | 4.56 | 0.02 | -0.93 | 0.33 |
| Free Cash Flow | 3.88B | 2.42B | 1.55B | -50.19M | 5.09M | 713.51M |
| Free Cash Flow Per Share | 6.38 | 3.89 | 2.44 | -0.08 | 0.01 | 1.42 |
| Gross Margin | 46.57% | 43.06% | 37.13% | 34.58% | 34.58% | 25.15% |
| Operating Margin | 4.88% | 7.27% | 4.30% | -0.97% | -3.47% | 0.91% |
| Profit Margin | 1.43% | 5.40% | 12.01% | 0.04% | -3.08% | 0.94% |
| Free Cash Flow Margin | 15.50% | 10.02% | 6.44% | -0.23% | 0.03% | 4.04% |
| EBITDA | 1.55B | 2.07B | 1.35B | 122.79M | -338.00M | 273.22M |
| EBITDA Margin | 6.18% | 8.56% | 5.58% | 0.56% | -1.93% | 1.55% |
| D&A For EBITDA | 325.82M | 312.68M | 307.76M | 335.73M | 270.33M | 112.11M |
| EBIT | 1.22B | 1.76B | 1.04B | -212.94M | -608.33M | 161.11M |
| EBIT Margin | 4.88% | 7.27% | 4.30% | -0.97% | -3.47% | 0.91% |
| Effective Tax Rate | 50.08% | 22.82% | ||||
| Revenue as Reported | 25.04B | 24.19B | 24.12B | 21.92B | 17.53B | 17.66B |
| Advertising Expenses | 478.40M | 338.10M | 360.10M | 544.20M | 435.80M |
Balance sheet
Fiscal year January - December; amounts in USD.
| TTM | FY2025 | FY2024 | FY2023 | FY2022 | FY2021 | |
|---|---|---|---|---|---|---|
| Cash & Equivalents | 6.43B | 6.56B | 8.08B | 5.00B | 4.54B | 4.44B |
| Short-Term Investments | 310.85M | 628.01M | 491.39M | 1.25B | 1.11B | 869.28M |
| Cash & Short-Term Investments | 6.74B | 7.19B | 8.57B | 6.25B | 5.65B | 5.31B |
| Accounts Receivable | 4.06B | 4.27B | 3.71B | 5.81B | 4.43B | 1.26B |
| Other Receivables | 484.33M | 448.41M | 478.77M | 365.15M | 298.57M | 228.91M |
| Receivables | 8.29B | 8.10B | 4.56B | 6.42B | 4.85B | 1.58B |
| Inventory | 198.86M | 158.32M | 104.99M | 110.10M | 97.70M | 77.06M |
| Prepaid Expenses | 319.56M | 288.71M | 129.34M | 100.77M | 141.26M | 63.34M |
| Restricted Cash | 821.68M | 1.07B | 902.48M | 770.38M | 639.78M | 18.78M |
| Other Current Assets | 6.07B | 5.26B | 4.51B | 3.40B | 3.77B | 4.05B |
| Total Current Assets | 23.14B | 22.86B | 19.88B | 17.82B | 15.62B | 11.62B |
| Property, Plant & Equipment | 428.27M | 538.30M | 534.39M | 540.76M | 702.47M | 731.55M |
| Long-Term Investments | 328.81M | 612.09M | 717.53M | 456.39M | 782.31M | 1.61B |
| Goodwill | 11.97B | 11.85B | 11.42B | 11.92B | 11.97B | 519.28M |
| Other Intangible Assets | 1.20B | 1.28B | 1.43B | 1.76B | 2.01B | 257.05M |
| Long-Term Deferred Tax Assets | 1.26B | 1.30B | 1.80B | 9.40M | ||
| Other Long-Term Assets | 825.88M | 1.11B | 993.99M | 524.82M | 275.36M | 288.62M |
| Total Assets | 39.16B | 39.55B | 36.78B | 33.03B | 31.36B | 15.03B |
| Accounts Payable | 122.35M | 114.57M | 117.96M | 142.55M | 95.85M | 82.17M |
| Accrued Expenses | 735.76M | 720.65M | 782.94M | 600.95M | 446.25M | 308.52M |
| Short-Term Debt | 497.53M | |||||
| Current Portion of Long-Term Debt | 572.39M | 2.04B | 1.18B | 753.03M | 921.60M | 455.00K |
| Current Portion of Leases | 61.08M | 55.35M | 52.88M | 53.72M | 66.85M | 64.03M |
| Other Current Liabilities | 8.99B | 7.45B | 6.41B | 7.33B | 6.90B | 5.58B |
| Total Current Liabilities | 10.48B | 10.38B | 8.55B | 8.88B | 8.43B | 6.54B |
| Long-Term Debt | 6.31B | 6.61B | 6.40B | 4.97B | 4.99B | 4.56B |
| Long-Term Leases | 227.72M | 257.13M | 278.62M | 289.79M | 357.42M | 395.02M |
| Long-Term Deferred Tax Liabilities | 9.53M | 1.17M | 162.44M | 35.70M | 132.50M | 15.24M |
| Other Long-Term Liabilities | 119.48M | 123.55M | 152.16M | 154.97M | 201.66M | 207.61M |
| Total Liabilities | 17.15B | 17.38B | 15.54B | 14.34B | 14.11B | 11.71B |
| Additional Paid-In Capital | 18.85B | 18.90B | 19.90B | 19.60B | 18.31B | 3.32B |
| Retained Earnings | 3.45B | 3.67B | 2.37B | -528.43M | -568.71M | -27.96M |
| Comprehensive Income & Other | -257.58M | -365.38M | -1.00B | -378.31M | -523.09M | -16.43M |
| Total Common Equity | 22.05B | 22.20B | 21.27B | 18.70B | 17.22B | 3.27B |
| Minority Interest | -35.76M | -34.40M | -32.97M | -2.42M | 28.48M | 40.73M |
| Shareholders' Equity | 22.01B | 22.17B | 21.23B | 18.69B | 17.25B | 3.31B |
| Total Liabilities & Equity | 39.16B | 39.55B | 36.78B | 33.03B | 31.36B | 15.03B |
| Total Debt | 7.17B | 8.97B | 7.92B | 6.07B | 6.33B | 5.52B |
| Net Cash (Debt) | -433.14M | -1.77B | 648.03M | 174.48M | -681.16M | -203.29M |
| Net Cash Per Share | -0.71 | -2.85 | 1.02 | 0.28 | -1.18 | -0.41 |
| Filing Date Shares Outstanding | 600.79M | 599.10M | 619.48M | 615.69M | 602.03M | 580.06M |
| Total Common Shares Outstanding | 600.76M | 602.08M | 619.68M | 615.82M | 600.06M | 464.94M |
| Working Capital | 12.67B | 12.47B | 11.33B | 8.94B | 7.19B | 5.09B |
| Book Value Per Share | 36.70 | 36.88 | 34.32 | 30.36 | 28.70 | 7.04 |
| Tangible Book Value | 8.88B | 9.07B | 8.42B | 5.01B | 3.24B | 2.50B |
| Tangible Book Value Per Share | 14.78 | 15.07 | 13.58 | 8.14 | 5.40 | 5.37 |
| Machinery | 276.00M | 282.45M | 252.93M | 270.80M | 216.40M | |
| Leasehold Improvements | 131.68M | 126.22M | 123.22M | 228.63M | 208.23M |
Cash flow statement
Fiscal year January - December; amounts in USD.
| TTM | FY2025 | FY2024 | FY2023 | FY2022 | FY2021 | |
|---|---|---|---|---|---|---|
| Net Income | 357.14M | 1.31B | 2.90B | 9.77M | -540.75M | 166.28M |
| Depreciation & Amortization | 325.82M | 312.68M | 307.76M | 335.73M | 270.33M | 112.11M |
| Other Amortization | 53.39M | 56.85M | 68.36M | 72.83M | 70.19M | 22.64M |
| Asset Writedown & Restructuring Costs | 133.85M | 132.31M | ||||
| Loss (Gain) From Sale of Investments | -161.00M | -172.26M | -32.24M | 16.52M | -73.46M | -35.49M |
| Stock-Based Compensation | 1.20B | 1.22B | 1.27B | 1.28B | 1.07B | 608.04M |
| Other Operating Activities | 1.68B | 645.54M | -2.35B | -503.44M | 52.73M | 355.46M |
| Change in Other Net Operating Assets | 60.67M | -841.50M | 207.29M | -685.26M | -674.42M | -381.22M |
| Operating Cash Flow | 4.06B | 2.58B | 1.71B | 100.96M | 175.90M | 847.83M |
| Capital Expenditures | -175.63M | -155.04M | -153.95M | -151.15M | -170.81M | -134.32M |
| Cash Acquisitions | 539.45M | -163.97M | ||||
| Investment in Securities | -85.54M | 113.04M | 199.92M | 561.49M | 1.03B | -842.59M |
| Other Investing Activities | 350.28M | -170.00M | ||||
| Investing Cash Flow | -3.24B | -2.80B | 649.95M | 683.20M | 1.23B | -1.31B |
| Short-Term Debt Issued | 681.54M | |||||
| Long-Term Debt Issued | 3.56B | 3.33B | 1.41B | 1.70B | 2.03B | |
| Total Debt Issued | 4.10B | 3.56B | 3.33B | 1.41B | 1.70B | 2.71B |
| Short-Term Debt Repaid | -480.69M | -648.10M | ||||
| Long-Term Debt Repaid | -2.46B | -1.33B | -1.58B | -1.46B | ||
| Total Debt Repaid | -2.94B | -2.46B | -1.33B | -1.58B | -1.94B | -648.10M |
| Net Debt Issued (Repaid) | 1.15B | 1.10B | 2.00B | -167.05M | -241.09M | 2.07B |
| Issuance of Common Stock | 88.14M | 88.94M | 154.78M | 130.43M | 81.77M | 126.72M |
| Repurchase of Common Stock | -1.89B | -2.33B | -1.17B | -156.81M | -4.74M | -323.01M |
| Other Financing Activities | 548.69M | 525.28M | 967.35M | -46.71M | 261.64M | 783.22M |
| Financing Cash Flow | -102.28M | -613.10M | 1.95B | -240.14M | 97.58M | 2.65B |
| Foreign Exchange Rate Adjustments | -9.38M | 86.08M | -88.54M | 29.16M | -38.36M | -7.07M |
| Net Cash Flow | 708.63M | -749.24M | 4.22B | 573.18M | 1.46B | 2.18B |
| Free Cash Flow | 3.88B | 2.42B | 1.55B | -50.19M | 5.09M | 713.51M |
| Free Cash Flow Margin | 15.50% | 10.02% | 6.44% | -0.23% | 0.03% | 4.04% |
| Free Cash Flow Per Share | 6.38 | 3.89 | 2.44 | -0.08 | 0.01 | 1.42 |
| Levered Free Cash Flow | -27.11M | -1.03B | 1.49B | 338.94M | -1.39B | 639.76M |
| Unlevered Free Cash Flow | 204.81M | -843.13M | 1.64B | 429.74M | -1.33B | 673.48M |
| Cash Interest Paid | 322.75M | 246.33M | 205.78M | 130.01M | 84.88M | 40.45M |
| Cash Income Tax Paid | 143.06M | 129.39M | 270.31M | 81.38M | 39.05M | 10.04M |
| Change in Working Capital | 60.67M | -841.50M | 207.29M | -685.26M | -674.42M | -381.22M |
Ratios
Fiscal year January - December; amounts in USD.
| TTM | FY2025 | FY2024 | FY2023 | FY2022 | FY2021 | |
|---|---|---|---|---|---|---|
| Market Capitalization | 46.60B | 39.61B | 52.68B | 47.77B | 37.58B | 74.50B |
| Enterprise Value | 47.03B | 38.89B | 51.22B | 46.90B | 37.75B | 75.08B |
| Last Close Price | 76.22 | 65.09 | 84.99 | 77.35 | 62.84 | 161.51 |
| PE Ratio | 131.02 | 30.34 | 18.18 | 4,888.59 | 448.03 | |
| Forward PE | 16.83 | 21.51 | 20.29 | 27.48 | 39.77 | 105.79 |
| PS Ratio | 1.87 | 1.64 | 2.18 | 2.18 | 2.14 | 4.22 |
| PB Ratio | 2.08 | 1.79 | 2.48 | 2.56 | 2.18 | 22.48 |
| P/TBV Ratio | 5.28 | 4.37 | 6.26 | 9.53 | 11.59 | 29.84 |
| P/FCF Ratio | 12.08 | 16.34 | 33.91 | 7,386.55 | 104.41 | |
| P/OCF Ratio | 11.56 | 15.36 | 30.86 | 473.17 | 213.66 | 87.87 |
| PEG Ratio | 0.50 | 0.85 | 0.54 | 0.60 | 2.93 | 2.97 |
| EV/Sales Ratio | 1.89 | 1.61 | 2.12 | 2.14 | 2.15 | 4.25 |
| EV/EBITDA Ratio | 30.59 | 18.79 | 38.06 | 381.94 | 274.80 | |
| EV/EBIT Ratio | 38.74 | 22.13 | 49.35 | 466.02 | ||
| EV/FCF Ratio | 12.20 | 16.04 | 32.97 | 7,419.10 | 105.23 | |
| Debt / Equity Ratio | 0.33 | 0.40 | 0.37 | 0.33 | 0.37 | 1.67 |
| Debt / EBITDA Ratio | 4.40 | 4.17 | 5.55 | 28.32 | 15.60 | |
| Debt / FCF Ratio | 1.85 | 3.70 | 5.10 | 1,244.65 | 7.73 | |
| Net Debt / Equity Ratio | 0.02 | 0.08 | -0.03 | -0.01 | 0.04 | 0.06 |
| Net Debt / EBITDA Ratio | 0.28 | 0.86 | -0.48 | -1.42 | -2.02 | 0.74 |
| Net Debt / FCF Ratio | 0.11 | 0.73 | -0.42 | 3.48 | 133.88 | 0.28 |
| Asset Turnover | 0.66 | 0.63 | 0.69 | 0.68 | 0.76 | 1.42 |
| Inventory Turnover | 79.40 | 104.64 | 141.00 | 138.00 | 131.26 | 191.32 |
| Quick Ratio | 1.08 | 1.15 | 1.49 | 1.40 | 1.23 | 1.04 |
| Current Ratio | 2.21 | 2.20 | 2.33 | 2.01 | 1.85 | 1.78 |
| Return on Equity (ROE) | 1.61% | 6.01% | 14.36% | -0.12% | -5.38% | 5.30% |
| Return on Assets (ROA) | 2.01% | 2.88% | 1.86% | -0.41% | -1.64% | 0.81% |
| Return on Invested Capital (ROIC) | 2.71% | 6.09% | 5.31% | -1.17% | -5.67% | 5.52% |
| Return on Capital Employed (ROCE) | 4.30% | 6.00% | 3.70% | -0.90% | -2.70% | 1.90% |
| Earnings Yield | 0.76% | 3.30% | 5.50% | 0.02% | -1.44% | 0.22% |
| FCF Yield | 8.28% | 6.12% | 2.95% | -0.10% | 0.01% | 0.96% |
| Buyback Yield / Dilution | 3.71% | 2.13% | -3.64% | -6.06% | -15.38% | -4.07% |