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

Balance Sheet

Assets, liabilities, and equity

28 accounts · 5 years

Total assets $39.5B

Total liabilities $17.4B

Shareholders equity $22.2B

Account	2025	2024	2023	2022	2021
Assets
Cash and Cash Equivalents	$6.6B -18.7%	$8.1B 61.6%	$5.0B 10.0%	$4.5B 2.3%	$4.4B
Short Term Investments	$0	$0	$0 -100.0%	$1.1B 24.5%	$869.3M
Accounts Receivable	$238.2M 60.0%	$148.9M 10.4%	$134.8M -4.0%	$140.5M 56.6%	$89.7M
Inventory	$158.3M 50.8%	$105.0M -4.6%	$110.1M 12.7%	$97.7M 26.8%	$77.1M
Prepaid Expenses	$3.6B 41.2%	$2.5B 8.0%	$2.4B 44.6%	$1.6B 136.7%	$687.4M
Other Current Assets	$3.6B 41.2%	$2.5B 8.0%	$2.4B 44.6%	$1.6B 136.7%	$687.4M
Total Current Assets	$22.9B 15.0%	$19.9B 5.4%	$18.9B 20.7%	$15.6B 48.5%	$10.5B
Property,Plant and Equipment	$323.4M 2.8%	$314.4M 6.2%	$296.1M -10.1%	$329.3M 16.7%	$282.1M
Operating Lease Assets	$214.9M -2.3%	$220.0M -10.1%	$244.7M -34.4%	$373.2M -17.0%	$449.4M
Goodwill	$11.8B 3.8%	$11.4B -4.2%	$11.9B -0.4%	$12.0B 2204.5%	$519.3M
Intangible Assets	$1.3B -10.6%	$1.4B -18.6%	$1.8B -12.5%	$2.0B 683.5%	$257.0M
Deferred Tax Assets	$1.3B -27.7%	$1.8B 165.0%	$679.6M 19.1%	$570.6M 290.4%	$146.2M
Other Noncurrent Assets	$754.8M -39.1%	$1.2B 67.6%	$739.5M 52.7%	$484.2M 30.7%	$370.5M
Total Assets	$39.5B 7.5%	$36.8B 7.9%	$34.1B 8.6%	$31.4B 125.2%	$13.9B
Liabilities
Accounts Payable	$114.6M -2.9%	$118.0M -17.3%	$142.6M 48.7%	$95.8M 16.6%	$82.2M
Accrued Liabilities	$669.1M -7.8%	$725.3M 34.6%	$538.8M 40.8%	$382.6M 50.1%	$254.9M
Operating Lease Liabilities	$55.3M 4.7%	$52.9M -1.6%	$53.7M -19.6%	$66.9M 4.4%	$64.0M
Total Current Liabilities	$10.4B 21.5%	$8.5B -13.9%	$9.9B 17.6%	$8.4B 55.2%	$5.4B
Operating Lease Liabilities Noncurrent	$257.1M -7.7%	$278.6M -3.9%	$289.8M -18.9%	$357.4M -9.5%	$395.0M
Other Noncurrent Liabilities	$123.5M -18.8%	$152.2M -1.8%	$155.0M -23.2%	$201.7M -9.5%	$222.8M
Total Liabilities	$17.4B 11.8%	$15.5B 1.1%	$15.4B 9.0%	$14.1B 33.0%	$10.6B
Equity
Preferred Stock	$0	$0	$0	$0	$0
Additional Paid In Capital	$18.9B -5.1%	$19.9B 1.5%	$19.6B 7.0%	$18.3B 452.1%	$3.3B
Retained Earnings	$3.7B 55.1%	$2.4B 548.2%	$-528.4M 7.1%	$-568.7M -1933.7%	$-28.0M
Accumulated Other Comprehensive Income	$-365.4M 63.5%	$-1.0B -164.6%	$-378.3M 27.7%	$-523.1M -3082.8%	$-16.4M
Noncontrolling Interest	$-34.4M -4.3%	$-33.0M -1262.4%	$-2.4M -108.5%	$28.5M -30.1%	$40.7M
Total Stockholders Equity	$22.2B 4.4%	$21.3B 13.8%	$18.7B 8.5%	$17.2B 426.2%	$3.3B
Total Liabilitiesand Equity	$39.5B 7.5%	$36.8B 7.9%	$34.1B 8.6%	$31.4B 125.2%	$13.9B

Income Statement

Revenue, expense, and profitability

20 accounts · 5 years

Revenue $24.2B

Operating income $1.7B

Net income $1.3B

Account	2025	2024	2023	2022	2021
IncomeStatement
Revenues Total Revenue	$24.2B 0.3%	$24.1B 10.1%	$21.9B 25.0%	$17.5B -0.7%	$17.7B
Expenses Cost of Revenue	$13.8B -9.2%	$15.2B 5.7%	$14.4B 24.9%	$11.5B -12.9%	$13.2B
Expenses Research and Development	$2.9B -0.2%	$2.9B 7.1%	$2.7B 27.4%	$2.1B 54.3%	$1.4B
Expenses Selling,General and Administrative	$2.0B -7.1%	$2.1B -2.7%	$2.2B 31.0%	$1.7B 71.6%	$982.8M
Expenses Depreciation and Amortization	$369.5M -1.8%	$376.1M -7.9%	$408.6M 20.0%	$340.5M 152.7%	$134.8M
Expenses Share Based Compensation	$1.2B -4.5%	$1.3B -0.3%	$1.3B 19.1%	$1.1B 76.2%	$608.0M
Expenses Operating Expenses	$8.7B 8.2%	$8.0B 2.7%	$7.8B 17.6%	$6.6B 55.4%	$4.3B
Other Income Expense Gross Profit	$10.4B 16.5%	$8.9B 18.4%	$7.5B 25.3%	$6.0B 35.6%	$4.4B
Other Income Expense Operating Income	$1.7B 91.5%	$892.3M 420.0%	$-278.8M 55.4%	$-624.5M -487.6%	$161.1M
Other Income Expense Interest Income	$127.1M -18.6%	$156.2M 23.4%	$126.6M	$0	$0
Other Income Expense Interest Expense	$256.4M 54.9%	$165.5M	$0	$0 -100.0%	$58.1M
Other Income Expense Other Income/expense	$166.8M 213.4%	$53.2M 1254.5%	$-4.6M -104.8%	$95.4M 223.8%	$29.5M
Other Income Expense Income Before Tax	$1.7B 24.5%	$1.4B 4756.9%	$-29.1M 94.8%	$-565.3M -459.0%	$157.5M
Income Tax Income Tax Expense	$385.7M 125.6%	$-1.5B -18722.1%	$-8.0M 34.9%	$-12.3M -802.6%	$-1.4M
net Income net Income	$1.3B -54.9%	$2.9B 29546.4%	$9.8M 101.8%	$-540.7M -425.2%	$166.3M
net Income Comprehensive Income	$635.7M 202.1%	$-622.8M -530.1%	$144.8M 113.7%	$-1.1B -990.0%	$119.1M
Earnings Per Share Basic Eps	$2 -54.7%	$5 23400.0%	$0 102.2%	$-1 -358.3%	$0
Earnings Per Share Diluted Eps	$2 -53.9%	$5 22700.0%	$0 102.2%	$-1 -381.8%	$0
Earnings Per Share Weighted Average Shares Basic	$612.2M -0.8%	$617.0M 1.3%	$608.9M 5.2%	$578.9M 26.3%	$458.4M
Earnings Per Share Weighted Average Shares Diluted	$622.8M -2.1%	$636.4M 3.6%	$614.0M 6.1%	$578.9M 15.4%	$501.8M

Cash Flow Statement

Operating, investing, and financing flows

19 accounts · 5 years

Operating cash flow $2.6B

Investing cash flow $-2.8B

Financing cash flow $-613.1M

Account	2025	2024	2023	2022	2021
CashFlow
Operating Activities net Income	$1.3B -54.9%	$2.9B 29546.4%	$9.8M 101.8%	$-540.7M -425.2%	$166.3M
Operating Activities Depreciation and Amortization	$369.5M -1.8%	$376.1M -7.9%	$408.6M 20.0%	$340.5M 152.7%	$134.8M
Operating Activities Stock Based Compensation	$1.2B -4.5%	$1.3B -0.3%	$1.3B 19.1%	$1.1B 76.2%	$608.0M
Operating Activities Deferred Income Taxes	$335.0M 120.1%	$-1.7B -1839.7%	$-85.9M -23.4%	$-69.6M -566.9%	$-10.4M
Operating Activities Changes In Operating Assets and Liabilities	$0	$0	$0	$0	$0
Operating Activities net Cash From Operating Activities	$2.6B 51.1%	$1.7B 1591.1%	$101.0M -42.6%	$175.9M -79.3%	$847.8M
Investing Activities Capital Expenditures	$155.0M 0.7%	$153.9M 1.8%	$151.2M -11.5%	$170.8M 27.2%	$134.3M
Investing Activities Purchases of Investments	$700.8M -41.5%	$1.2B 6.3%	$1.1B 49.1%	$755.7M -72.2%	$2.7B
Investing Activities Proceeds From Sale of Investments	$469.0M -53.4%	$1.0B -27.5%	$1.4B 38.8%	$999.6M 20.3%	$831.0M
Investing Activities net Cash From Investing Activities	$-2.8B -531.1%	$650.0M -4.9%	$683.2M -44.3%	$1.2B 193.5%	$-1.3B
Financing Activities Proceeds From Debt	$2.2B 10.0%	$2.0B	$0	$0 -100.0%	$2.0B
Financing Activities Repurchase of Common Stock	$2.3B 99.1%	$1.2B 646.3%	$156.8M	$0	$0
Financing Activities Proceeds From Stock Issuance	$88.9M -42.5%	$154.8M 18.7%	$130.4M 59.5%	$81.8M -35.5%	$126.7M
Financing Activities Other Financing Activities	$-35.3M -91.3%	$-18.5M 49.8%	$-36.8M 58.0%	$-87.7M -781.5%	$-9.9M
Financing Activities net Cash From Financing Activities	$-613.1M -131.4%	$2.0B 913.1%	$-240.1M -346.1%	$97.6M -96.3%	$2.7B
Cash Reconciliation Effect of Exchange Rate On Cash	$86.1M 197.2%	$-88.5M -403.7%	$29.2M 176.0%	$-38.4M -442.9%	$-7.1M
Cash Reconciliation net Change In Cash	$-749.2M -117.7%	$4.2B 636.5%	$573.2M -60.8%	$1.5B -33.0%	$2.2B
Cash Reconciliation Cash At Beginning of Period	$12.5B -5.7%	$13.2B 46.9%	$9.0B 6.8%	$8.4B 20.9%	$7.0B
Cash Reconciliation Cash At End of Period	$12.5B -5.7%	$13.2B 46.9%	$9.0B 6.8%	$8.4B 20.9%	$7.0B

Key Ratios

Margins, returns, liquidity, leverage, efficiency

Computed at import · 5 years

Ratio	2025	2024	2023	2022	2021
Profitability
Gross margin	+42.8%	+36.9%	+34.2%	+34.2%	+25.0%
Operating margin	+7.1%	+3.7%	-1.3%	-3.6%	+0.9%
Net margin	+5.4%	+12.0%	+0.0%	-3.1%	+0.9%
FCF margin	+10.0%	+6.4%	-0.2%	+0.0%	+4.0%
Growth
Revenue CAGR (3y)	+11.3%	+10.9%	+32.1%	+54.9%	+75.0%
Returns
ROE	+5.9%	+13.6%	+0.1%	-3.1%	+5.1%
ROA	+3.3%	+7.9%	+0.0%	-1.7%	+1.2%
ROIC	—	—	—	—	+4.8%
Liquidity
Current ratio	2.20x	2.33x	1.90x	1.85x	1.94x
Quick ratio	0.66x	0.96x	0.52x	0.56x	0.83x
Leverage
D/E	0.78x	0.73x	0.82x	0.82x	3.24x
Interest coverage	6.66x	5.39x	—	—	2.77x
Efficiency
Asset turnover	0.61x	0.66x	0.64x	0.56x	1.27x
Cash conversion cycle	+5d	+2d	+1d	+3d	+2d

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Block, Inc.

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