A Business at a Glance
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Our Purpose At Block, Inc. (together with its subsidiaries, "Block" or "we"), we are building technology that enables people and businesses to participate more fully in the economy. Our purpose is economic empowerment, helping individuals and businesses manage, move, and grow their money through simple and connected tools. Our Ecosystems Block designs and operates connected ecosystems that integrate commerce solutions, financial services, software, hardware, and networks to serve individuals and small businesses, primarily through Cash App's consumer network and Square's business ("seller") network. Our platform integrates payments, banking, lending, and commerce solutions designed to provide secure, reliable, and scalable financial infrastructure. We apply data, automation, and AI to improve the speed, accuracy, and usability of our products. Our ecosystem strategy connects these capabilities across both sellers and consumers.
| Segment | 2021 | 2022 | 2023 | 2024 | 2025 | % of Total |
|---|---|---|---|---|---|---|
Commerce enablement revenue | — | — | $8.62B | $9.30B | $10.10B | 48% |
Bitcoin ecosystem revenue | — | — | $9.67B | $10.36B | $8.50B | 41% |
Financial solutions revenue | — | — | $2.00B | $2.17B | $2.26B | 11% |
Transaction-based revenue | $4.79B | $5.70B | $6.32B | $6.61B | — | — |
Subscription and services-based revenue | $2.45B | $3.39B | $4.32B | $4.87B | — | — |
| Metric | TTM | FY2025 | FY2024 | FY2023 | FY2022 | FY2021 |
|---|---|---|---|---|---|---|
| Revenue | 24.2B | 24.2B | 24.1B | 21.9B | 17.5B | 17.7B |
| Net Income | 1.3B | 1.3B | 2.9B | 9.8M | -541M | 166M |
| EPS | $2.10 | $2.10 | $4.56 | $0.02 | $-0.93 | $0.33 |
| Free Cash Flow | 2.4B | 2.4B | 1.6B | -50M | 5.1M | 714M |
| ROIC | 5.3% | 8.7% | 12.4% | 0.0% | -2.5% | 5.5% |
| Gross Margin | 42.8% | 42.8% | 36.9% | 34.2% | 34.2% | 25.0% |
| Debt/Equity | 0.41 | 0.41 | 0.35 | 0.24 | 0.31 | 1.51 |
| Dividends/Share | $0.00 | - | - | - | - | - |
| Operating Income | 1.7B | 1.7B | 1.6B | -279M | -625M | 161M |
| Operating Margin | 7.1% | 7.1% | 6.4% | -1.3% | -3.6% | 0.9% |
| ROE | 5.9% | 6.0% | 13.6% | 0.1% | -3.1% | 5.1% |
| Shares Outstanding | 622M | 622M | 635M | 489M | 581M | 504M |
Block, Inc. passes 5 of 9 quality checks, suggesting mixed fundamentals.
Block, Inc. trades at 25.7x trailing earnings, compared to its 15-year median P/E of 28.6x, suggesting it is currently Fair relative to its historical range. On a free-cash-flow basis, the stock trades at 12.0x vs a median of 28.4x. The company's 5-year average ROIC is 4.8% with a gross margin of 34.6%. Total shareholder yield (buybacks) is 6.9%. At current prices, the estimated annualized return to fair value is +8.6%.
Block, Inc. (BSQKZ) has a current P/E ratio of 25.7, compared to its historical median P/E of 28.6. The stock is currently considered Fair based on its historical valuation range.
Block, Inc. (BSQKZ) has a 5-year average return on invested capital (ROIC) of 4.8%. This is below average and may indicate limited pricing power.
Block, Inc. (BSQKZ) has a market capitalization of $33.6B. It is classified as a large-cap stock.
Block, Inc. (BSQKZ) does not currently pay a regular dividend. However, the company returns capital to shareholders through share buybacks, with a buyback yield of 6.94%.
Based on historical P/E analysis, Block, Inc. (BSQKZ) appears fair. The current P/E of 25.7 is 10% below its historical median of 28.6. The estimated fair value CAGR (P/E method) is 110.3%.
Block, Inc. (BSQKZ) operates in the Services-Prepackaged Software industry, within the Technology sector.
Block, Inc. (BSQKZ) reported annual revenue of $24.2 billion in its most recent fiscal year, based on SEC EDGAR filings.
Block, Inc. (BSQKZ) has a net profit margin of 5.4%. This is a modest margin.
Block, Inc. (BSQKZ) generated $2.4 billion in free cash flow in its most recent fiscal year. Positive free cash flow supports dividends, buybacks, and debt reduction.
Block, Inc. (BSQKZ) has a debt-to-equity ratio of 0.41. This indicates a conservatively financed balance sheet.
Block, Inc. (BSQKZ) reported earnings per share (EPS) of $2.10 in its most recent fiscal year.
Block, Inc. (BSQKZ) has a return on equity (ROE) of 6.0%. This indicates moderate shareholder returns.
Block, Inc. (BSQKZ) has a 5-year average gross margin of 34.6%. This indicates decent pricing power.
The Ledger Terminal provides 12 years of financial data for Block, Inc. (BSQKZ), sourced directly from SEC EDGAR filings. This includes income statements, balance sheets, cash flow statements, and key financial ratios.
Block, Inc. (BSQKZ) has a book value per share of $35.71, based on its most recent annual SEC filing.