Block, Inc.

Financials Transaction & Payment Processing Services none Last filing Feb 26, 2026 · FY2025

                    Revenue
                    FY2025
                
$24.2B
                    3y CAGR +11.3%
                    
                    P45
                    
                    +0.3%
                    
                    Net income
                    FY2025
                
$1.3B
                    Net margin +5.4%
                    
                    P5
                    
                    -54.9%
                    
                    Total assets
                    FY2025
                
$39.5B
                    ROA +3.3%
                    
                    P58
                    
                    +7.5%
                    
                    Operating cash flow
                    FY2025
                
$2.6B
                    FCF margin +10.0%
                    
                    P14
                    
                    +51.1%

12 yrs · FY2014–FY2025 9 filed · 0 derived · 0 blank

1Y 3Y 5Y 10Y

Dollars % of revenue % of assets YoY % CAGR

Each cell as a share of that year’s total assets.

Balance Sheet

Assets, liabilities, and equity

28 accounts · 3 years

Total assets $39.5B

Total liabilities $17.4B

Shareholders equity $22.2B

Account	2025	2024	2023
Assets
Cash and Cash Equivalents	16.6%	22.0%	14.7%
Short Term Investments	0.0%	0.0%	0.0%
Accounts Receivable	0.6%	0.4%	0.4%
Inventory	0.4%	0.3%	0.3%
Prepaid Expenses	9.1%	6.9%	6.9%
Other Current Assets	9.1%	6.9%	6.9%
Total Current Assets	57.8%	54.1%	55.3%
Property,Plant and Equipment	0.8%	0.9%	0.9%
Operating Lease Assets	0.5%	0.6%	0.7%
Goodwill	30.0%	31.0%	35.0%
Intangible Assets	3.2%	3.9%	5.2%
Deferred Tax Assets	3.3%	4.9%	2.0%
Other Noncurrent Assets	1.9%	3.4%	2.2%
Total Assets	100.0%	100.0%	100.0%
Liabilities
Accounts Payable	0.3%	0.3%	0.4%
Accrued Liabilities	1.7%	2.0%	1.6%
Operating Lease Liabilities	0.1%	0.1%	0.2%
Total Current Liabilities	26.3%	23.2%	29.1%
Operating Lease Liabilities Noncurrent	0.7%	0.8%	0.9%
Other Noncurrent Liabilities	0.3%	0.4%	0.5%
Total Liabilities	43.9%	42.3%	45.1%
Equity
Preferred Stock	0.0%	0.0%	0.0%
Additional Paid In Capital	47.8%	54.1%	57.5%
Retained Earnings	9.3%	6.4%	-1.6%
Accumulated Other Comprehensive Income	-0.9%	-2.7%	-1.1%
Noncontrolling Interest	-0.1%	-0.1%	-0.0%
Total Stockholders Equity	56.1%	57.8%	54.9%
Total Liabilitiesand Equity	100.0%	100.0%	100.0%

Income Statement

Revenue, expense, and profitability

20 accounts · 3 years

Revenue $24.2B

Operating income $1.7B

Net income $1.3B

Account	2025	2024	2023
IncomeStatement
Revenues Total Revenue	61.2%	65.6%	64.3%
Expenses Cost of Revenue	35.0%	41.4%	42.3%
Expenses Research and Development	7.4%	7.9%	8.0%
Expenses Selling,General and Administrative	5.1%	5.8%	6.5%
Expenses Depreciation and Amortization	0.9%	1.0%	1.2%
Expenses Share Based Compensation	3.1%	3.5%	3.7%
Expenses Operating Expenses	21.9%	21.7%	22.8%
Other Income Expense Gross Profit	26.2%	24.2%	22.0%
Other Income Expense Operating Income	4.3%	2.4%	-0.8%
Other Income Expense Interest Income	0.3%	0.4%	0.4%
Other Income Expense Interest Expense	0.6%	0.5%	0.0%
Other Income Expense Other Income/expense	0.4%	0.1%	-0.0%
Other Income Expense Income Before Tax	4.3%	3.7%	-0.1%
Income Tax Income Tax Expense	1.0%	-4.1%	-0.0%
net Income net Income	3.3%	7.9%	0.0%
net Income Comprehensive Income	1.6%	-1.7%	0.4%
Earnings Per Share Basic Eps	0.0%	0.0%	0.0%
Earnings Per Share Diluted Eps	0.0%	0.0%	0.0%
Earnings Per Share Weighted Average Shares Basic	1.5%	1.7%	1.8%
Earnings Per Share Weighted Average Shares Diluted	1.6%	1.7%	1.8%

Cash Flow Statement

Operating, investing, and financing flows

19 accounts · 3 years

Operating cash flow $2.6B

Investing cash flow $-2.8B

Financing cash flow $-613.1M

Account	2025	2024	2023
CashFlow
Operating Activities net Income	3.3%	7.9%	0.0%
Operating Activities Depreciation and Amortization	0.9%	1.0%	1.2%
Operating Activities Stock Based Compensation	3.1%	3.5%	3.7%
Operating Activities Deferred Income Taxes	0.8%	-4.5%	-0.3%
Operating Activities Changes In Operating Assets and Liabilities	0.0%	0.0%	0.0%
Operating Activities net Cash From Operating Activities	6.5%	4.6%	0.3%
Investing Activities Capital Expenditures	0.4%	0.4%	0.4%
Investing Activities Purchases of Investments	1.8%	3.3%	3.3%
Investing Activities Proceeds From Sale of Investments	1.2%	2.7%	4.1%
Investing Activities net Cash From Investing Activities	-7.1%	1.8%	2.0%
Financing Activities Proceeds From Debt	5.6%	5.4%	0.0%
Financing Activities Repurchase of Common Stock	5.9%	3.2%	0.5%
Financing Activities Proceeds From Stock Issuance	0.2%	0.4%	0.4%
Financing Activities Other Financing Activities	-0.1%	-0.1%	-0.1%
Financing Activities net Cash From Financing Activities	-1.6%	5.3%	-0.7%
Cash Reconciliation Effect of Exchange Rate On Cash	0.2%	-0.2%	0.1%
Cash Reconciliation net Change In Cash	-1.9%	11.5%	1.7%
Cash Reconciliation Cash At Beginning of Period	31.6%	36.0%	26.4%
Cash Reconciliation Cash At End of Period	31.6%	36.0%	26.4%

Key Ratios

Margins, returns, liquidity, leverage, efficiency

Computed at import · 3 years

Ratio	2025	2024	2023
Profitability
Gross margin	+42.8%	+36.9%	+34.2%
Operating margin	+7.1%	+3.7%	-1.3%
Net margin	+5.4%	+12.0%	+0.0%
FCF margin	+10.0%	+6.4%	-0.2%
Growth
Revenue CAGR (3y)	+11.3%	+10.9%	+32.1%
Returns
ROE	+5.9%	+13.6%	+0.1%
ROA	+3.3%	+7.9%	+0.0%
ROIC	—	—	—
Liquidity
Current ratio	2.20x	2.33x	1.90x
Quick ratio	0.66x	0.96x	0.52x
Leverage
D/E	0.78x	0.73x	0.82x
Interest coverage	6.66x	5.39x	—
Efficiency
Asset turnover	0.61x	0.66x	0.64x
Cash conversion cycle	+5d	+2d	+1d

Valuation

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Block, Inc.

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