Block Inc Financials
Financial Health Signals
Based on FY2024 annual data. Scores normalized against common benchmarks. How we calculate these scores
Block Inc has an operating margin of 3.7%, meaning the company retains $4 of operating profit per $100 of revenue. This below-average margin results in a low score of 18/100, suggesting thin profitability after operating expenses. This is up from -1.3% the prior year.
Block Inc's revenue grew 10.1% year-over-year to $24.1B, a solid pace of expansion. This earns a growth score of 57/100.
Block Inc carries a low D/E ratio of 0.29, meaning only $0.29 of long-term debt for every $1 of shareholders' equity. This conservative leverage earns a score of 100/100, indicating a strong balance sheet with room for future borrowing.
With a current ratio of 2.33, Block Inc holds $2.33 in current assets for every $1 of short-term obligations. This comfortable liquidity earns a score of 73/100.
Block Inc has a free cash flow margin of 6.4%, earning a moderate score of 32/100. The company generates positive cash flow after capital investments, but with room for improvement.
Block Inc's ROE of 13.6% shows moderate profitability relative to equity, earning a score of 54/100. This is up from 0.1% the prior year.
Block Inc scores 2.36, 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 $0.59 in operating cash flow ($1.7B OCF vs $2.9B net income). This mixed ratio suggests some earnings may rely on non-cash accounting items.
Block Inc earns $5.4 in operating income for every $1 of interest expense ($892.3M vs $165.5M). This wide margin provides strong safety for debt servicing, even if earnings decline temporarily.
This page shows Block Inc (XYZ) financial statements, including the income statement, balance sheet, cash flow statement, and key financial ratios. View 11 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).
Key Financial Metrics
Block Inc generated $24.1B in revenue in fiscal year 2024. This represents an increase of 10.1% from the prior year.
Block Inc's EBITDA was $1.3B in fiscal year 2024, measuring earnings before interest, taxes, depreciation, and amortization. This represents an increase of 877.8% from the prior year.
Block Inc generated $1.6B in free cash flow in fiscal year 2024, representing cash available after capex. This represents an increase of 3195.0% from the prior year.
Block Inc reported $2.9B in net income in fiscal year 2024. This represents an increase of 29546.4% from the prior year.
Block Inc earned $4.56 per diluted share (EPS) in fiscal year 2024. This represents an increase of 22700.0% from the prior year.
Block Inc held $8.1B in cash against $6.1B in long-term debt as of fiscal year 2024.
Block Inc's gross margin was 36.9% in fiscal year 2024, indicating the percentage of revenue retained after direct costs. This is up 2.6 percentage points from the prior year.
Block Inc's operating margin was 3.7% in fiscal year 2024, reflecting core business profitability. This is up 5.0 percentage points from the prior year.
Block Inc's net profit margin was 12.0% in fiscal year 2024, showing the share of revenue converted to profit. This is up 12.0 percentage points from the prior year.
Block Inc's ROE was 13.6% in fiscal year 2024, measuring profit generated per dollar of shareholder equity. This is up 13.6 percentage points from the prior year.
Block Inc invested $2.9B in research and development in fiscal year 2024. This represents an increase of 7.1% from the prior year.
Block Inc spent $1.2B on share buybacks in fiscal year 2024, returning capital to shareholders by reducing shares outstanding. This represents an increase of 646.3% from the prior year.
Block Inc invested $153.9M in capex in fiscal year 2024, funding long-term assets and infrastructure. This represents an increase of 1.8% from the prior year.
XYZ Income Statement
| Metric | Q3'25 | Q2'25 | Q1'25 | Q3'24 | Q2'24 | Q1'24 | Q4'23 | Q3'23 |
|---|---|---|---|---|---|---|---|---|
| Revenue | $6.1B+1.0% | $6.1B+4.9% | $5.8B-4.3% | $6.0B-2.0% | $6.2B+3.3% | $6.0B+3.2% | $5.8B+2.8% | $5.6B |
| Cost of Revenue | $3.5B-1.8% | $3.5B+1.0% | $3.5B-6.4% | $3.7B-5.1% | $3.9B+1.5% | $3.9B+3.1% | $3.7B+0.8% | $3.7B |
| Gross Profit | $2.7B+4.9% | $2.5B+10.8% | $2.3B-0.9% | $2.3B+3.5% | $2.2B+6.6% | $2.1B+3.4% | $2.0B+6.7% | $1.9B |
| R&D Expenses | $711.2M-1.9% | $725.3M-4.7% | $760.7M-1.2% | $769.7M+7.9% | $713.2M-1.0% | $720.6M+5.1% | $685.4M-4.0% | $713.8M |
| SG&A Expenses | $544.0M+21.1% | $449.2M-8.7% | $491.8M-32.5% | $728.4M+53.8% | $473.6M+0.5% | $471.3M-36.8% | $746.2M+55.2% | $480.9M |
| Operating Income | $409.4M-15.5% | $484.3M+47.1% | $329.3M+2430.6% | $13.0M-95.8% | $306.6M+22.8% | $249.7M+291.2% | -$130.7M-1218.7% | -$9.9M |
| Interest Expense | N/A | N/A | N/A | N/A | N/A | $18.7M+165.7% | -$28.5M-233.2% | $21.4M |
| Income Tax | $139.9M+15.6% | $121.0M+215.8% | $38.3M+102.9% | -$1.3B-2302.3% | $59.0M+66.3% | $35.5M+159.3% | -$59.9M-173.8% | $81.1M |
| Net Income | $461.5M-14.3% | $538.5M+183.6% | $189.9M-90.2% | $1.9B+896.6% | $195.3M-58.6% | $472.0M+361.7% | $102.2M+215.2% | -$88.7M |
| EPS (Diluted) | $0.74-14.9% | $0.87+190.0% | $0.30-90.2% | $3.06+887.1% | $0.31-58.1% | $0.74+311.1% | $0.18+220.0% | $-0.15 |
XYZ Balance Sheet
| Metric | Q3'25 | Q2'25 | Q1'25 | Q3'24 | Q2'24 | Q1'24 | Q4'23 | Q3'23 |
|---|---|---|---|---|---|---|---|---|
| Total Assets | $39.2B+6.3% | $36.9B+1.3% | $36.4B-1.0% | $36.8B-2.0% | $37.5B+5.4% | $35.6B+7.8% | $33.0B+1.5% | $32.6B |
| Current Assets | $22.1B+12.0% | $19.7B0.0% | $19.7B-0.8% | $19.9B-10.8% | $22.3B+8.5% | $20.5B+15.3% | $17.8B+1.6% | $17.5B |
| Cash & Equivalents | $8.3B+30.6% | $6.4B-9.9% | $7.1B-12.2% | $8.1B+3.5% | $7.8B+35.6% | $5.8B+15.2% | $5.0B-2.3% | $5.1B |
| Inventory | $166.6M+20.6% | $138.1M+26.9% | $108.8M+3.7% | $105.0M+0.3% | $104.7M-12.3% | $119.4M+8.5% | $110.1M+14.2% | $96.4M |
| Accounts Receivable | $176.5M+11.0% | $159.0M-4.7% | $166.9M+12.1% | $148.9M-1.1% | $150.6M+1.7% | $148.1M+9.8% | $134.8M+5.9% | $127.4M |
| Goodwill | $11.8B-0.1% | $11.8B+2.7% | $11.5B+0.8% | $11.4B-3.4% | $11.8B+0.9% | $11.7B-1.7% | $11.9B+1.5% | $11.7B |
| Total Liabilities | $16.7B+13.4% | $14.7B-1.5% | $15.0B-3.7% | $15.5B-14.9% | $18.3B+9.7% | $16.6B+16.1% | $14.3B-2.6% | $14.7B |
| Current Liabilities | $10.1B+0.4% | $10.1B+15.9% | $8.7B+1.6% | $8.5B-30.1% | $12.2B-2.2% | $12.5B+40.7% | $8.9B-3.4% | $9.2B |
| Long-Term Debt | $7.3B+42.5% | $5.1B0.0% | $5.1B-16.3% | $6.1B+0.1% | $6.1B+47.9% | $4.1B+0.1% | $4.1B | N/A |
| Total Equity | $22.5B+1.6% | $22.2B+3.2% | $21.5B+0.9% | $21.3B+10.2% | $19.3B+1.7% | $19.0B+1.5% | $18.7B+5.0% | $17.8B |
| Retained Earnings | $3.6B+14.9% | $3.1B+21.0% | $2.6B+8.0% | $2.4B+1606.0% | $138.8M+346.1% | -$56.4M+89.3% | -$528.4M+28.3% | -$737.0M |
XYZ Cash Flow Statement
| Metric | Q3'25 | Q2'25 | Q1'25 | Q3'24 | Q2'24 | Q1'24 | Q4'23 | Q3'23 |
|---|---|---|---|---|---|---|---|---|
| Operating Cash Flow | $1.5B+287.6% | $374.3M+180.7% | $133.3M+866.2% | $13.8M-97.3% | $519.4M+6.1% | $489.4M+161.3% | -$797.9M-262.5% | $491.2M |
| Capital Expenditures | $50.6M+61.8% | $31.3M-1.8% | $31.9M+18.1% | $27.0M-29.6% | $38.4M+19.9% | $32.0M-38.1% | $51.7M+37.2% | $37.7M |
| Free Cash Flow | $1.4B+308.3% | $343.0M+238.1% | $101.5M+869.0% | -$13.2M-102.7% | $481.0M+5.2% | $457.4M+153.8% | -$849.6M-287.4% | $453.5M |
| Investing Cash Flow | -$1.1B-126.6% | -$485.8M-153.1% | $914.7M+383.1% | -$323.2M-84.7% | -$175.0M-116.8% | $1.0B+274.6% | $278.2M+260.0% | -$173.9M |
| Financing Cash Flow | $1.5B+261.5% | -$907.8M+25.1% | -$1.2B-271.2% | $707.6M-38.0% | $1.1B+3420.4% | $32.4M-96.0% | $800.4M+350.5% | -$319.6M |
| Dividends Paid | N/A | N/A | N/A | N/A | N/A | N/A | N/A | N/A |
| Share Buybacks | $403.0M-41.8% | $692.2M+55.4% | $445.3M+143.1% | $183.2M-53.0% | $389.5M+54.5% | $252.1M+60.8% | $156.8M | $0 |
XYZ Financial Ratios
| Metric | Q3'25 | Q2'25 | Q1'25 | Q3'24 | Q2'24 | Q1'24 | Q4'23 | Q3'23 |
|---|---|---|---|---|---|---|---|---|
| Gross Margin | 43.5%+1.6pp | 41.9%+2.2pp | 39.7%+1.4pp | 38.3%+2.0pp | 36.3%+1.1pp | 35.2%+0.1pp | 35.1%+1.3pp | 33.8% |
| Operating Margin | 6.7%-1.3pp | 8.0%+2.3pp | 5.7%+5.5pp | 0.2%-4.8pp | 5.0%+0.8pp | 4.2%+6.5pp | -2.3%-2.1pp | -0.2% |
| Net Margin | 7.5%-1.3pp | 8.9%+5.6pp | 3.3%-29.0pp | 32.3%+29.1pp | 3.2%-4.8pp | 7.9%+6.2pp | 1.8%+3.4pp | -1.6% |
| Return on Equity | 2.1%-0.4pp | 2.4%+1.5pp | 0.9%-8.3pp | 9.2%+8.1pp | 1.0%-1.5pp | 2.5%+1.9pp | 0.5% | N/A |
| Return on Assets | 1.2%-0.3pp | 1.5%+0.9pp | 0.5%-4.8pp | 5.3%+4.8pp | 0.5%-0.8pp | 1.3%+1.0pp | 0.3%+0.6pp | -0.3% |
| Current Ratio | 2.18+0.2 | 1.96-0.3 | 2.27-0.1 | 2.33+0.5 | 1.82+0.2 | 1.64-0.4 | 2.01+0.1 | 1.91 |
| Debt-to-Equity | 0.32+0.1 | 0.230.0 | 0.24-0.0 | 0.29-0.0 | 0.32+0.1 | 0.220.0 | 0.22-0.6 | 0.83 |
| FCF Margin | 22.9%+17.2pp | 5.7%+3.9pp | 1.8%+2.0pp | -0.2%-8.0pp | 7.8%+0.1pp | 7.7%+22.4pp | -14.7%-22.8pp | 8.1% |
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Frequently Asked Questions
What is Block Inc's annual revenue?
Block Inc (XYZ) reported $24.1B in total revenue for fiscal year 2024. This represents a 10.1% 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 10.1% year-over-year, from $21.9B to $24.1B in fiscal year 2024.
Is Block Inc profitable?
Yes, Block Inc (XYZ) reported a net income of $2.9B in fiscal year 2024, with a net profit margin of 12.0%.
What is Block Inc's earnings per share (EPS)?
Block Inc (XYZ) reported diluted earnings per share of $4.56 for fiscal year 2024. This represents a 22700.0% 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.
What is Block Inc's EBITDA?
Block Inc (XYZ) had EBITDA of $1.3B in fiscal year 2024, measuring earnings before interest, taxes, depreciation, and amortization.
How much debt does Block Inc have?
As of fiscal year 2024, Block Inc (XYZ) had $8.1B in cash and equivalents against $6.1B in long-term debt.
What is Block Inc's gross margin?
Block Inc (XYZ) had a gross margin of 36.9% in fiscal year 2024, 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 3.7% in fiscal year 2024, 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 12.0% in fiscal year 2024, 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 13.6% for fiscal year 2024, measuring how efficiently the company generates profit from shareholder equity.
What is Block Inc's free cash flow?
Block Inc (XYZ) generated $1.6B in free cash flow during fiscal year 2024. This represents a 3195.0% 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 $1.7B in operating cash flow during fiscal year 2024, representing cash generated from core business activities.
What are Block Inc's total assets?
Block Inc (XYZ) had $36.8B in total assets as of fiscal year 2024, including both current and long-term assets.
What are Block Inc's capital expenditures?
Block Inc (XYZ) invested $153.9M in capital expenditures during fiscal year 2024, 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 2024.
Does Block Inc buy back shares?
Yes, Block Inc (XYZ) spent $1.2B on share buybacks during fiscal year 2024, returning capital to shareholders by reducing shares outstanding.
What is Block Inc's current ratio?
Block Inc (XYZ) had a current ratio of 2.33 as of fiscal year 2024, which is generally considered healthy.
What is Block Inc's debt-to-equity ratio?
Block Inc (XYZ) had a debt-to-equity ratio of 0.29 as of fiscal year 2024, 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 7.9% for fiscal year 2024, 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 2.36, 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 0.59x, considered mixed 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 5.4x, 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 56 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.