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 revenue.

Balance Sheet

Assets, liabilities, and equity

28 accounts · 10 years

Total assets $39.5B

Total liabilities $17.4B

Shareholders equity $22.2B

Account	2025	2024	2023	2022	2021	2020	2019	2018	2017	2016
Assets
Cash and Cash Equivalents	27.1%	33.5%	22.8%	25.9%	25.2%	33.3%	22.2%	17.7%	31.5%	26.5%
Short Term Investments	0.0%	0.0%	0.0%	6.2%	4.9%	7.3%	10.4%	16.4%	7.7%	3.5%
Accounts Receivable	1.0%	0.6%	0.6%	0.8%	0.5%	0.4%	0.7%	0.7%	0.4%	0.4%
Inventory	0.7%	0.4%	0.5%	0.6%	0.4%	0.6%	1.0%	0.9%	0.8%	0.8%
Prepaid Expenses	14.8%	10.5%	10.7%	9.3%	3.9%	4.0%	5.3%	5.0%	3.9%	3.3%
Other Current Assets	14.8%	10.5%	10.7%	9.3%	3.9%	4.0%	5.3%	5.0%	3.9%	3.3%
Total Current Assets	94.5%	82.4%	86.0%	89.1%	59.6%	81.7%	68.3%	64.0%	80.3%	58.6%
Property,Plant and Equipment	1.3%	1.3%	1.4%	1.9%	1.6%	2.5%	3.2%	4.3%	4.1%	5.2%
Operating Lease Assets	0.9%	0.9%	1.1%	2.1%	2.5%	4.8%	2.4%	—	—	—
Goodwill	49.0%	47.3%	54.4%	68.3%	2.9%	3.3%	5.7%	7.9%	2.6%	3.3%
Intangible Assets	5.3%	5.9%	8.0%	11.5%	1.5%	1.4%	1.5%	2.3%	0.6%	1.1%
Deferred Tax Assets	5.4%	7.5%	3.1%	3.3%	0.8%	1.0%	0.2%	0.2%	0.0%	0.0%
Other Noncurrent Assets	3.1%	5.1%	3.4%	2.8%	2.1%	5.3%	4.2%	1.8%	1.4%	0.2%
Total Assets	163.5%	152.5%	155.5%	178.9%	78.8%	103.9%	96.6%	99.5%	98.8%	70.9%
Liabilities
Accounts Payable	0.5%	0.5%	0.7%	0.5%	0.5%	0.5%	0.9%	—	0.8%	0.7%
Accrued Liabilities	2.8%	3.0%	2.5%	2.2%	1.4%	1.3%	2.7%	2.5%	2.4%	2.3%
Operating Lease Liabilities	0.2%	0.2%	0.2%	0.4%	0.4%	0.6%	0.6%	—	—	—
Total Current Liabilities	42.9%	35.4%	45.3%	48.1%	30.8%	43.4%	35.9%	30.9%	43.9%	33.8%
Operating Lease Liabilities Noncurrent	1.1%	1.2%	1.3%	2.0%	2.2%	4.1%	2.3%	—	—	—
Other Noncurrent Liabilities	0.5%	0.6%	0.7%	1.2%	1.3%	0.9%	2.0%	2.8%	3.1%	3.4%
Total Liabilities	71.8%	64.4%	70.2%	80.5%	60.1%	75.7%	60.2%	65.5%	63.3%	37.2%
Equity
Preferred Stock	0.0%	0.0%	0.0%	0.0%	0.0%	0.0%	0.0%	0.0%	0.0%	0.0%
Additional Paid In Capital	78.1%	82.5%	89.4%	104.5%	18.8%	31.1%	47.2%	61.0%	73.6%	79.4%
Retained Earnings	15.2%	9.8%	-2.4%	-3.2%	-0.2%	-3.1%	-10.8%	-26.9%	-38.1%	-45.6%
Accumulated Other Comprehensive Income	-1.5%	-4.2%	-1.7%	-3.0%	-0.1%	0.2%	0.0%	-0.2%	-0.1%	-0.1%
Noncontrolling Interest	-0.1%	-0.1%	-0.0%	0.2%	0.2%	0.0%	0.0%	—	—	—
Total Stockholders Equity	91.8%	88.2%	85.3%	98.2%	18.5%	28.2%	36.4%	34.0%	35.5%	33.7%
Total Liabilitiesand Equity	163.5%	152.5%	155.5%	178.9%	78.8%	103.9%	96.6%	99.5%	98.8%	70.9%

Income Statement

Revenue, expense, and profitability

20 accounts · 10 years

Revenue $24.2B

Operating income $1.7B

Net income $1.3B

Account	2025	2024	2023	2022	2021	2020	2019	2018	2017	2016
IncomeStatement
Revenues Total Revenue	100.0%	100.0%	100.0%	100.0%	100.0%	100.0%	100.0%	100.0%	100.0%	100.0%
Expenses Cost of Revenue	57.2%	63.1%	65.8%	65.8%	75.0%	1.5%	2.9%	2.9%	2.8%	4.0%
Expenses Research and Development	12.0%	12.1%	12.4%	12.2%	7.8%	9.3%	14.3%	15.1%	14.5%	15.7%
Expenses Selling,General and Administrative	8.3%	8.9%	10.1%	9.6%	5.6%	6.1%	9.3%	10.3%	11.3%	14.7%
Expenses Depreciation and Amortization	1.5%	1.6%	1.9%	1.9%	0.8%	0.9%	1.6%	1.8%	1.7%	2.2%
Expenses Share Based Compensation	5.0%	5.3%	5.8%	6.1%	3.4%	4.2%	6.3%	6.6%	7.0%	8.1%
Expenses Operating Expenses	35.8%	33.2%	35.5%	37.7%	24.1%	29.0%	39.5%	40.6%	40.4%	43.7%
Other Income Expense Gross Profit	42.8%	36.9%	34.2%	34.2%	25.0%	28.8%	40.1%	39.5%	37.9%	33.7%
Other Income Expense Operating Income	7.1%	3.7%	-1.3%	-3.6%	0.9%	-0.2%	0.6%	-1.1%	-2.4%	-10.0%
Other Income Expense Interest Income	0.5%	0.6%	0.6%	0.0%	0.0%	0.2%	0.5%	0.6%	—	—
Other Income Expense Interest Expense	1.1%	0.7%	0.0%	0.0%	0.3%	0.8%	1.0%	1.1%	—	—
Other Income Expense Other Income/expense	0.7%	0.2%	-0.0%	0.5%	0.2%	3.1%	-0.0%	0.6%	0.1%	0.0%
Other Income Expense Income Before Tax	7.0%	5.6%	-0.1%	-3.2%	0.9%	2.3%	8.0%	-1.1%	-2.8%	-9.9%
Income Tax Income Tax Expense	1.6%	-6.3%	-0.0%	-0.1%	-0.0%	0.0%	0.1%	0.1%	0.0%	0.1%
net Income net Income	5.4%	12.0%	0.0%	-3.1%	0.9%	2.2%	8.0%	-1.2%	-2.8%	-10.0%
net Income Comprehensive Income	2.6%	-2.6%	0.7%	-6.0%	0.7%	2.5%	8.1%	-1.3%	-2.8%	-10.1%
Earnings Per Share Basic Eps	0.0%	0.0%	0.0%	-0.0%	0.0%	0.0%	0.0%	-0.0%	-0.0%	-0.0%
Earnings Per Share Diluted Eps	0.0%	0.0%	0.0%	-0.0%	0.0%	0.0%	0.0%	-0.0%	-0.0%	-0.0%
Earnings Per Share Weighted Average Shares Basic	2.5%	2.6%	2.8%	3.3%	2.6%	4.7%	9.0%	12.3%	17.1%	20.0%
Earnings Per Share Weighted Average Shares Diluted	2.6%	2.6%	2.8%	3.3%	2.8%	5.1%	9.9%	12.3%	17.1%	20.0%

Cash Flow Statement

Operating, investing, and financing flows

19 accounts · 10 years

Operating cash flow $2.6B

Investing cash flow $-2.8B

Financing cash flow $-613.1M

Account	2025	2024	2023	2022	2021	2020	2019	2018	2017	2016
CashFlow
Operating Activities net Income	5.4%	12.0%	0.0%	-3.1%	0.9%	2.2%	8.0%	-1.2%	-2.8%	-10.0%
Operating Activities Depreciation and Amortization	1.5%	1.6%	1.9%	1.9%	0.8%	0.9%	1.6%	1.8%	1.7%	2.2%
Operating Activities Stock Based Compensation	5.0%	5.3%	5.8%	6.1%	3.4%	4.2%	6.3%	6.6%	7.0%	8.1%
Operating Activities Deferred Income Taxes	1.4%	-6.9%	-0.4%	-0.4%	-0.1%	-0.1%	-0.0%	-0.0%	-0.1%	0.0%
Operating Activities Changes In Operating Assets and Liabilities	0.0%	0.0%	0.0%	0.0%	0.0%	0.0%	0.0%	0.2%	0.6%	-0.0%
Operating Activities net Cash From Operating Activities	10.7%	7.1%	0.5%	1.0%	4.8%	1.8%	7.0%	8.9%	5.8%	1.4%
Investing Activities Capital Expenditures	0.6%	0.6%	0.7%	1.0%	0.8%	1.5%	1.3%	1.9%	1.2%	1.5%
Investing Activities Purchases of Investments	2.9%	5.0%	5.1%	4.3%	15.4%	13.9%	21.1%	30.3%	24.6%	9.6%
Investing Activities Proceeds From Sale of Investments	1.9%	4.2%	6.3%	5.7%	4.7%	6.4%	9.1%	6.0%	4.0%	2.0%
Investing Activities net Cash From Investing Activities	-11.6%	2.7%	3.1%	7.0%	-7.4%	-6.4%	2.0%	-27.5%	-15.4%	-6.7%
Financing Activities Proceeds From Debt	9.1%	8.3%	0.0%	0.0%	11.2%	0.0%	0.0%	0.0%	—	0.0%
Financing Activities Repurchase of Common Stock	9.6%	4.9%	0.7%	0.0%	0.0%	—	—	—	0.0%	0.0%
Financing Activities Proceeds From Stock Issuance	0.4%	0.6%	0.6%	0.5%	0.7%	1.7%	2.5%	4.1%	7.3%	5.6%
Financing Activities Other Financing Activities	-0.1%	-0.1%	-0.2%	-0.5%	-0.1%	-0.1%	-0.1%	-0.1%	-0.1%	0.0%
Financing Activities net Cash From Financing Activities	-2.5%	8.1%	-1.1%	0.6%	15.0%	38.7%	5.2%	15.6%	20.5%	5.3%
Cash Reconciliation Effect of Exchange Rate On Cash	0.4%	-0.4%	0.1%	-0.2%	-0.0%	0.1%	0.1%	-0.2%	0.2%	-0.0%
Cash Reconciliation net Change In Cash	-3.1%	17.5%	2.6%	8.3%	12.4%	34.3%	14.2%	-3.1%	11.1%	-0.0%
Cash Reconciliation Cash At Beginning of Period	51.6%	54.9%	41.1%	48.1%	39.5%	50.5%	32.6%	19.2%	33.2%	28.6%
Cash Reconciliation Cash At End of Period	51.6%	54.9%	41.1%	48.1%	39.5%	50.5%	32.6%	19.2%	33.2%	28.6%

Key Ratios

Margins, returns, liquidity, leverage, efficiency

Computed at import · 10 years

Ratio	2025	2024	2023	2022	2021	2020	2019	2018	2017	2016
Profitability
Gross margin	+42.8%	+36.9%	+34.2%	+34.2%	+25.0%	+98.5%	+97.1%	+97.1%	+97.2%	+96.0%
Operating margin	+7.1%	+3.7%	-1.3%	-3.6%	+0.9%	-0.2%	+0.6%	-1.1%	-2.4%	-10.0%
Net margin	+5.4%	+12.0%	+0.0%	-3.1%	+0.9%	+2.2%	+8.0%	-1.2%	-2.8%	-10.0%
FCF margin	+10.0%	+6.4%	-0.2%	+0.0%	+4.0%	+0.4%	+5.6%	+7.1%	+4.6%	-0.1%
Growth
Revenue CAGR (3y)	+11.3%	+10.9%	+32.1%	+54.9%	+75.0%	+62.5%	+40.2%	—	—	—
Returns
ROE	+5.9%	+13.6%	+0.1%	-3.1%	+5.1%	+7.9%	+21.9%	-3.4%	-8.0%	-29.8%
ROA	+3.3%	+7.9%	+0.0%	-1.7%	+1.2%	+2.2%	+8.2%	-1.2%	-2.9%	-14.2%
ROIC	—	—	—	—	+4.8%	-0.9%	+1.6%	-2.5%	-12.1%	-137.3%
Liquidity
Current ratio	2.20x	2.33x	1.90x	1.85x	1.94x	1.88x	1.90x	2.07x	1.83x	1.73x
Quick ratio	0.66x	0.96x	0.52x	0.56x	0.83x	0.78x	0.64x	0.59x	0.72x	0.79x
Leverage
D/E	0.78x	0.73x	0.82x	0.82x	3.24x	2.68x	1.65x	1.93x	1.78x	1.10x
Interest coverage	6.66x	5.39x	—	—	2.77x	-0.25x	0.59x	-0.97x	—	—
Efficiency
Asset turnover	0.61x	0.66x	0.64x	0.56x	1.27x	0.96x	1.04x	1.01x	1.01x	1.41x
Cash conversion cycle	+5d	+2d	+1d	+3d	+2d	+37d	+18d	—	+2d	+7d

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Block, Inc.

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