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Block Inc Financials

BSQKZ
Source SEC Filings (10-K/10-Q) Updated Dec 31, 2025 Currency USD FYE December

This page shows Block Inc (BSQKZ) financial statements, including the income statement, balance sheet, cash flow statement, and key financial ratios. View 12 years of annual fundamentals and quarterly data, with year-over-year growth rates and compound annual growth rates (CAGR). All figures are derived from SEC filings (10-K and 10-Q reports).

Financial Health Signals

Profitability Growth Leverage Liquidity Cash Flow Returns 45 / 100
Financial Profile 45/100

Based on FY2025 annual data. Scores normalized against common benchmarks. How we calculate these scores

Profitability
38

Block Inc has an operating margin of 7.1%, meaning the company retains $7 of operating profit per $100 of revenue. This results in a moderate score of 38/100, indicating healthy but not exceptional operating efficiency. This is up from 3.7% the prior year.

Growth
34

Block Inc's revenue grew a modest 0.3% year-over-year to $24.2B. This slow but positive growth earns a score of 34/100.

Leverage
86

Block Inc carries a low D/E ratio of 0.78, meaning only $0.78 of long-term debt for every $1 of shareholders' equity. This conservative leverage earns a score of 86/100, indicating a strong balance sheet with room for future borrowing.

Liquidity
40

Block Inc's current ratio of 2.20 indicates adequate short-term liquidity, earning a score of 40/100. The company can meet its near-term obligations, though with limited headroom.

Cash Flow
50

Block Inc has a free cash flow margin of 10.0%, earning a moderate score of 50/100. The company generates positive cash flow after capital investments, but with room for improvement.

Returns
24

Block Inc generates a 5.9% ROE, indicating limited profit relative to shareholders' investment. This results in a returns score of 24/100. This is down from 13.6% the prior year.

Altman Z-Score Grey Zone
2.38

Block Inc scores 2.38, placing it in the grey zone between 1.81 and 2.99. This signals moderate financial risk that warrants monitoring.

Piotroski F-Score Neutral
5/9

Block Inc passes 5 of 9 financial strength tests. 3 of 4 profitability signals pass, 1 of 2 leverage/liquidity signals pass, 1 of 2 efficiency signals pass.

Earnings Quality Cash-Backed
1.98x

For every $1 of reported earnings, Block Inc generates $1.98 in operating cash flow ($2.6B OCF vs $1.3B net income). This indicates profits are well-supported by actual cash generation, not accounting adjustments.

Interest Coverage Safe
6.7x

Block Inc earns $6.7 in operating income for every $1 of interest expense ($1.7B vs $256.4M). This wide margin provides strong safety for debt servicing, even if earnings decline temporarily.

Key Financial Metrics

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Earnings & Revenue

Revenue
$24.2B
YoY+0.3%
5Y CAGR+20.6%
10Y CAGR+34.3%

Block Inc generated $24.2B in revenue in fiscal year 2025. This represents an increase of 0.3% from the prior year.

EBITDA
$2.1B
YoY+63.8%
5Y CAGR+99.7%

Block Inc's EBITDA was $2.1B in fiscal year 2025, measuring earnings before interest, taxes, depreciation, and amortization. This represents an increase of 63.8% from the prior year.

Net Income
$1.3B
YoY-54.9%
5Y CAGR+43.7%

Block Inc reported $1.3B in net income in fiscal year 2025. This represents a decrease of 54.9% from the prior year.

EPS (Diluted)
$2.10
YoY-53.9%
5Y CAGR+36.7%

Block Inc earned $2.10 per diluted share (EPS) in fiscal year 2025. This represents a decrease of 53.9% from the prior year.

Cash & Balance Sheet

Free Cash Flow
$2.4B
YoY+56.1%
5Y CAGR+133.8%

Block Inc generated $2.4B in free cash flow in fiscal year 2025, representing cash available after capex. This represents an increase of 56.1% from the prior year.

Cash & Debt
$6.6B
YoY-18.7%
5Y CAGR+15.8%
10Y CAGR+30.4%

Block Inc held $6.6B in cash against $0 in long-term debt as of fiscal year 2025.

Dividends Per Share
N/A
Shares Outstanding
N/A

Margins & Returns

Gross Margin
42.8%
YoY+6.0pp
5Y CAGR+14.0pp
10Y CAGR+13.6pp

Block Inc's gross margin was 42.8% in fiscal year 2025, indicating the percentage of revenue retained after direct costs. This is up 6.0 percentage points from the prior year.

Operating Margin
7.1%
YoY+3.4pp
5Y CAGR+7.3pp
10Y CAGR+20.8pp

Block Inc's operating margin was 7.1% in fiscal year 2025, reflecting core business profitability. This is up 3.4 percentage points from the prior year.

Net Margin
5.4%
YoY-6.6pp
5Y CAGR+3.2pp
10Y CAGR+19.6pp

Block Inc's net profit margin was 5.4% in fiscal year 2025, showing the share of revenue converted to profit. This is down 6.6 percentage points from the prior year.

Return on Equity
5.9%
YoY-7.7pp
5Y CAGR-2.1pp
10Y CAGR+41.3pp

Block Inc's ROE was 5.9% in fiscal year 2025, measuring profit generated per dollar of shareholder equity. This is down 7.7 percentage points from the prior year.

Capital Allocation

R&D Spending
$2.9B
YoY-0.2%
5Y CAGR+27.0%
10Y CAGR+30.7%

Block Inc invested $2.9B in research and development in fiscal year 2025. This represents a decrease of 0.2% from the prior year.

Share Buybacks
$2.3B
YoY+99.1%

Block Inc spent $2.3B on share buybacks in fiscal year 2025, returning capital to shareholders by reducing shares outstanding. This represents an increase of 99.1% from the prior year.

Capital Expenditures
$155.0M
YoY+0.7%
5Y CAGR+2.3%
10Y CAGR+15.3%

Block Inc invested $155.0M in capex in fiscal year 2025, funding long-term assets and infrastructure. This represents an increase of 0.7% from the prior year.

BSQKZ Income Statement

Metric Q4'25 Q3'25 Q2'25 Q1'25 Q4'24 Q3'24 Q2'24 Q1'24
Revenue $6.3B+2.2% $6.1B+1.0% $6.1B+4.9% $5.8B-4.3% $6.0B+0.9% $6.0B-2.9% $6.2B+3.3% $6.0B
Cost of Revenue $3.4B-2.1% $3.5B-1.8% $3.5B+1.0% $3.5B-6.4% $3.7B-0.1% $3.7B-5.0% $3.9B+1.5% $3.9B
Gross Profit $2.9B+7.9% $2.7B+4.9% $2.5B+10.8% $2.3B-0.9% $2.3B+2.7% $2.2B+0.7% $2.2B+6.6% $2.1B
R&D Expenses $710.7M-0.1% $711.2M-1.9% $725.3M-4.7% $760.7M-1.2% $769.7M+8.3% $711.0M-0.3% $713.2M-1.0% $720.6M
SG&A Expenses $512.6M-5.8% $544.0M+21.1% $449.2M-8.7% $491.8M-32.5% $728.4M+53.1% $475.9M+0.5% $473.6M+0.5% $471.3M
Operating Income $485.4M+18.5% $409.4M-15.5% $484.3M+47.1% $329.3M+2430.6% $13.0M-96.0% $323.0M+5.4% $306.6M+22.8% $249.7M
Interest Expense N/A N/A N/A N/A N/A N/A N/A $18.7M
Income Tax $86.4M-38.3% $139.9M+15.6% $121.0M+215.8% $38.3M+102.9% -$1.3B-3122.5% $43.0M-27.1% $59.0M+66.3% $35.5M
Net Income $115.8M-74.9% $461.5M-14.3% $538.5M+183.6% $189.9M-90.2% $1.9B+585.8% $283.8M+45.3% $195.3M-58.6% $472.0M
EPS (Diluted) N/A $0.74-14.9% $0.87+190.0% $0.30 N/A $0.45+45.2% $0.31-58.1% $0.74

BSQKZ Balance Sheet

Metric Q4'25 Q3'25 Q2'25 Q1'25 Q4'24 Q3'24 Q2'24 Q1'24
Total Assets $39.5B+0.9% $39.2B+6.3% $36.9B+1.3% $36.4B-1.0% $36.8B+1.2% $36.4B-3.2% $37.5B+5.4% $35.6B
Current Assets $22.9B+3.6% $22.1B+12.0% $19.7B0.0% $19.7B-0.8% $19.9B-4.3% $20.8B-6.8% $22.3B+8.5% $20.5B
Cash & Equivalents $6.6B-21.3% $8.3B+30.6% $6.4B-9.9% $7.1B-12.2% $8.1B-2.7% $8.3B+6.4% $7.8B+35.6% $5.8B
Inventory $158.3M-5.0% $166.6M+20.6% $138.1M+26.9% $108.8M+3.7% $105.0M-11.1% $118.1M+12.8% $104.7M-12.3% $119.4M
Accounts Receivable $238.2M+35.0% $176.5M+11.0% $159.0M-4.7% $166.9M+12.1% $148.9M0.0% $148.9M-1.1% $150.6M+1.7% $148.1M
Goodwill $11.8B+0.3% $11.8B-0.1% $11.8B+2.7% $11.5B+0.8% $11.4B-5.2% $12.0B+1.9% $11.8B+0.9% $11.7B
Total Liabilities $17.4B+4.0% $16.7B+13.4% $14.7B-1.5% $15.0B-3.7% $15.5B-5.5% $16.4B-9.9% $18.3B+9.7% $16.6B
Current Liabilities $10.4B+2.7% $10.1B+0.4% $10.1B+15.9% $8.7B+1.6% $8.5B-14.9% $10.0B-17.9% $12.2B-2.2% $12.5B
Long-Term Debt N/A $7.3B+42.5% $5.1B0.0% $5.1B-16.3% $6.1B+0.1% $6.1B+0.1% $6.1B+47.9% $4.1B
Total Equity $22.2B-1.3% $22.5B+1.6% $22.2B+3.2% $21.5B+0.9% $21.3B+6.8% $19.9B+3.2% $19.3B+1.7% $19.0B
Retained Earnings $3.7B+3.3% $3.6B+14.9% $3.1B+21.0% $2.6B+8.0% $2.4B+460.5% $422.6M+204.4% $138.8M+346.1% -$56.4M

BSQKZ Cash Flow Statement

Metric Q4'25 Q3'25 Q2'25 Q1'25 Q4'24 Q3'24 Q2'24 Q1'24
Operating Cash Flow $621.0M-57.2% $1.5B+287.6% $374.3M+180.7% $133.3M+866.2% $13.8M-98.0% $684.8M+31.8% $519.4M+6.1% $489.4M
Capital Expenditures $41.2M-18.7% $50.6M+61.8% $31.3M-1.8% $31.9M+18.1% $27.0M-52.3% $56.6M+47.6% $38.4M+19.9% $32.0M
Free Cash Flow $579.8M-58.6% $1.4B+308.3% $343.0M+238.1% $101.5M+869.0% -$13.2M-102.1% $628.2M+30.6% $481.0M+5.2% $457.4M
Investing Cash Flow -$2.1B-93.5% -$1.1B-126.6% -$485.8M-153.1% $914.7M+383.1% -$323.2M-405.7% $105.7M+160.4% -$175.0M-116.8% $1.0B
Financing Cash Flow $39.8M-97.3% $1.5B+261.5% -$907.8M+25.1% -$1.2B-271.2% $707.6M+886.2% $71.7M-93.7% $1.1B+3420.4% $32.4M
Dividends Paid N/A N/A N/A N/A N/A N/A N/A N/A
Share Buybacks $790.1M+96.0% $403.0M-41.8% $692.2M+55.4% $445.3M+143.1% $183.2M-47.0% $345.6M-11.3% $389.5M+54.5% $252.1M

BSQKZ Financial Ratios

Metric Q4'25 Q3'25 Q2'25 Q1'25 Q4'24 Q3'24 Q2'24 Q1'24
Gross Margin 45.9%+2.4pp 43.5%+1.6pp 41.9%+2.2pp 39.7%+1.4pp 38.3%+0.7pp 37.6%+1.4pp 36.3%+1.1pp 35.2%
Operating Margin 7.8%+1.1pp 6.7%-1.3pp 8.0%+2.3pp 5.7%+5.5pp 0.2%-5.2pp 5.4%+0.4pp 5.0%+0.8pp 4.2%
Net Margin 1.8%-5.7pp 7.5%-1.3pp 8.9%+5.6pp 3.3%-29.0pp 32.3%+27.5pp 4.8%+1.6pp 3.2%-4.8pp 7.9%
Return on Equity 0.5%-1.5pp 2.1%-0.4pp 2.4%+1.5pp 0.9%-8.3pp 9.2%+7.7pp 1.4%+0.4pp 1.0%-1.5pp 2.5%
Return on Assets 0.3%-0.9pp 1.2%-0.3pp 1.5%+0.9pp 0.5%-4.8pp 5.3%+4.5pp 0.8%+0.3pp 0.5%-0.8pp 1.3%
Current Ratio 2.20+0.0 2.18+0.2 1.96-0.3 2.27-0.1 2.33+0.3 2.07+0.2 1.82+0.2 1.64
Debt-to-Equity 0.78+0.5 0.32+0.1 0.230.0 0.24-0.0 0.29-0.0 0.310.0 0.32+0.1 0.22
FCF Margin 9.3%-13.6pp 22.9%+17.2pp 5.7%+3.9pp 1.8%+2.0pp -0.2%-10.7pp 10.5%+2.7pp 7.8%+0.1pp 7.7%

Frequently Asked Questions

Block Inc (BSQKZ) reported $24.2B in total revenue for fiscal year 2025. This represents a 0.3% change compared to the previous fiscal year. Revenue measures the total income earned from the company's primary business operations before any expenses are deducted.

Block Inc (BSQKZ) revenue grew by 0.3% year-over-year, from $24.1B to $24.2B in fiscal year 2025.

Yes, Block Inc (BSQKZ) reported a net income of $1.3B in fiscal year 2025, with a net profit margin of 5.4%.

Block Inc (BSQKZ) reported diluted earnings per share of $2.10 for fiscal year 2025. This represents a -53.9% change compared to the previous fiscal year. EPS represents the portion of a company's net income allocated to each outstanding share of common stock and is widely used to evaluate profitability on a per-share basis.

Block Inc (BSQKZ) had EBITDA of $2.1B in fiscal year 2025, measuring earnings before interest, taxes, depreciation, and amortization.

Block Inc (BSQKZ) had a gross margin of 42.8% in fiscal year 2025, indicating the percentage of revenue retained after direct costs of goods sold.

Block Inc (BSQKZ) had an operating margin of 7.1% in fiscal year 2025, reflecting the profitability of core business operations before interest and taxes.

Block Inc (BSQKZ) had a net profit margin of 5.4% in fiscal year 2025, representing the share of revenue converted into profit after all expenses.

Block Inc (BSQKZ) has a return on equity of 5.9% for fiscal year 2025, measuring how efficiently the company generates profit from shareholder equity.

Block Inc (BSQKZ) generated $2.4B in free cash flow during fiscal year 2025. This represents a 56.1% change compared to the previous fiscal year. Free cash flow represents the cash a company generates after accounting for capital expenditures, and is widely used to assess financial flexibility and shareholder value.

Block Inc (BSQKZ) generated $2.6B in operating cash flow during fiscal year 2025, representing cash generated from core business activities.

Block Inc (BSQKZ) had $39.5B in total assets as of fiscal year 2025, including both current and long-term assets.

Block Inc (BSQKZ) invested $155.0M in capital expenditures during fiscal year 2025, funding long-term assets and infrastructure.

Block Inc (BSQKZ) invested $2.9B in research and development during fiscal year 2025.

Yes, Block Inc (BSQKZ) spent $2.3B on share buybacks during fiscal year 2025, returning capital to shareholders by reducing shares outstanding.

Block Inc (BSQKZ) had a current ratio of 2.20 as of fiscal year 2025, which is generally considered healthy.

Block Inc (BSQKZ) had a debt-to-equity ratio of 0.78 as of fiscal year 2025, measuring the company's financial leverage by comparing total debt to shareholder equity.

Block Inc (BSQKZ) had a return on assets of 3.3% for fiscal year 2025, measuring how efficiently the company uses its assets to generate profit.

Block Inc (BSQKZ) has an Altman Z-Score of 2.38, placing it in the Grey Zone (moderate risk). The Z-Score combines five financial ratios—working capital, retained earnings, EBIT, market capitalization, and revenue relative to total assets—to predict the likelihood of bankruptcy. Scores above 2.99 indicate financial safety while scores below 1.81 suggest financial distress. Learn more in our complete guide to financial health indicators.

Block Inc (BSQKZ) has a Piotroski F-Score of 5 out of 9, indicating neutral financial health. The F-Score evaluates nine binary signals across profitability (positive ROA, positive cash flow, improving ROA, earnings quality), leverage (decreasing debt, improving liquidity, no share dilution), and operating efficiency (improving gross margin, improving asset turnover). Scores of 7–9 indicate strong and improving fundamentals. Learn more in our complete guide to financial health indicators.

Block Inc (BSQKZ) has an earnings quality ratio of 1.98x, considered cash-backed (high quality). This ratio compares operating cash flow to net income. A ratio above 1.0x means the company generates more cash than its reported earnings, indicating sustainable, cash-backed profits. Ratios below 1.0x suggest earnings rely on accounting accruals rather than actual cash generation. Learn more in our complete guide to financial health indicators.

Block Inc (BSQKZ) has an interest coverage ratio of 6.7x, meaning it can comfortably cover its interest obligations. This ratio divides operating income by interest expense. Ratios above 5x indicate strong debt-servicing ability, while ratios below 2x suggest the company may face difficulty meeting interest payments if earnings decline. Learn more in our complete guide to financial health indicators.

Block Inc (BSQKZ) scores 45 out of 100 on our Financial Profile, indicating moderate overall financial health. This composite score evaluates six dimensions: profitability (operating margin), revenue growth, leverage (debt-to-equity), liquidity (current ratio), cash flow quality (free cash flow margin), and shareholder returns (return on equity). Each dimension is normalized against standard financial benchmarks. Learn more in our complete guide to financial health indicators.

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