This page shows Block Inc (XYZ) 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
Based on FY2025 annual data. Scores normalized against common benchmarks. How we calculate these scores
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.
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.
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.
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.
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.
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.
Block Inc scores 2.49, placing it in the grey zone between 1.81 and 2.99. This signals moderate financial risk that warrants monitoring.
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.
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.
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
Earnings & Revenue
Block Inc generated $24.2B in revenue in fiscal year 2025. This represents an increase of 0.3% from the prior year.
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.
Block Inc reported $1.3B in net income in fiscal year 2025. This represents a decrease of 54.9% from the prior year.
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
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.
Block Inc held $6.6B in cash against $0 in long-term debt as of fiscal year 2025.
Margins & Returns
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.
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.
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.
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
Block Inc invested $2.9B in research and development in fiscal year 2025. This represents a decrease of 0.2% from the prior year.
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.
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.
XYZ 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 |
XYZ 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 |
XYZ 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 |
XYZ 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% |
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Frequently Asked Questions
What is Block Inc's annual revenue?
Block Inc (XYZ) 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.
How fast is Block Inc's revenue growing?
Block Inc (XYZ) revenue grew by 0.3% year-over-year, from $24.1B to $24.2B in fiscal year 2025.
Is Block Inc profitable?
Yes, Block Inc (XYZ) reported a net income of $1.3B in fiscal year 2025, with a net profit margin of 5.4%.
What is Block Inc's EBITDA?
Block Inc (XYZ) had EBITDA of $2.1B in fiscal year 2025, measuring earnings before interest, taxes, depreciation, and amortization.
What is Block Inc's gross margin?
Block Inc (XYZ) had a gross margin of 42.8% in fiscal year 2025, indicating the percentage of revenue retained after direct costs of goods sold.
What is Block Inc's operating margin?
Block Inc (XYZ) had an operating margin of 7.1% in fiscal year 2025, reflecting the profitability of core business operations before interest and taxes.
What is Block Inc's net profit margin?
Block Inc (XYZ) had a net profit margin of 5.4% in fiscal year 2025, representing the share of revenue converted into profit after all expenses.
What is Block Inc's return on equity (ROE)?
Block Inc (XYZ) has a return on equity of 5.9% for fiscal year 2025, measuring how efficiently the company generates profit from shareholder equity.
What is Block Inc's free cash flow?
Block Inc (XYZ) 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.
What is Block Inc's operating cash flow?
Block Inc (XYZ) generated $2.6B in operating cash flow during fiscal year 2025, representing cash generated from core business activities.
What are Block Inc's total assets?
Block Inc (XYZ) had $39.5B in total assets as of fiscal year 2025, including both current and long-term assets.
What are Block Inc's capital expenditures?
Block Inc (XYZ) invested $155.0M in capital expenditures during fiscal year 2025, funding long-term assets and infrastructure.
How much does Block Inc spend on research and development?
Block Inc (XYZ) invested $2.9B in research and development during fiscal year 2025.
What is Block Inc's current ratio?
Block Inc (XYZ) had a current ratio of 2.20 as of fiscal year 2025, which is generally considered healthy.
What is Block Inc's debt-to-equity ratio?
Block Inc (XYZ) 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.
What is Block Inc's return on assets (ROA)?
Block Inc (XYZ) had a return on assets of 3.3% for fiscal year 2025, measuring how efficiently the company uses its assets to generate profit.
What is Block Inc's Altman Z-Score?
Block Inc (XYZ) has an Altman Z-Score of 2.49, 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.
What is Block Inc's Piotroski F-Score?
Block Inc (XYZ) 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.
Are Block Inc's earnings high quality?
Block Inc (XYZ) 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.
Can Block Inc cover its interest payments?
Block Inc (XYZ) 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.
How financially healthy is Block Inc?
Block Inc (XYZ) 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.