Block Inc Financials
Block Inc (XYZ) reported $24.2B in revenue for fiscal year 2025, up 0.3% from the prior fiscal year. This page shows its 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).
Block’s higher-margin gross profit mix is now driving results, with cash generation strengthening even as revenue leveled off.
FY2025’s lower net income than FY2024 hid better underlying economics: net margin fell from12.0% to5.4% , but that drop mainly reflects FY2024’s unusually large tax benefit rather than weaker operations. Operating margin nearly doubled and free cash flow margin reached10.0% in FY2025, showing that the business converted a richer margin structure into cash even without meaningful top-line growth.
Gross profit margin widened from
Capex was only
Financial Health Signals
Scored against operating companies for FY2025. Each of the six dimensions is a percentile rank within that peer group; the overall is their average, with missing dimensions counted as zero out of six. A high score means strong standing among peers, not absolute cross-industry strength. How this score is calculated →
Health score ≠ stock price. This rates the quality of Block Inc's business: profitability, growth, balance sheet strength. It doesn't tell you whether the stock is a good buy at today's price. Not financial advice. Use it alongside valuation analysis and your own research.
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 36/100, 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 51/100.
Block Inc carries a low D/E ratio of 0.33, meaning only $0.33 of long-term debt for every $1 of shareholders' equity. This conservative leverage earns a score of 66/100, 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 62/100. 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 56/100. The company generates positive cash flow after capital investments, but with room for improvement.
Block Inc's ROE of 5.9% shows moderate profitability relative to equity, earning a score of 38/100. This is down from 13.6% the prior year.
Block Inc scores 2.91, placing it in the grey zone between 1.81 and 2.99. The score is driven primarily by a large market capitalization ($47.7B) relative to total liabilities ($17.4B). This signals moderate financial risk that warrants monitoring.
Distress-screening estimate for non-financial companies. Not computed for banks or insurers, where the Altman model does not apply.
Block Inc passes 4 of 8 computable financial strength tests (1 of the nine could not be computed from available data). 3 of 4 profitability signals pass, no leverage/liquidity signals pass (rising debt, declining liquidity, or share dilution), 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 $6.66 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 $7.3B in long-term debt as of fiscal year 2025.
Not reported for 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
Figures in USD, abbreviated K (thousand), M (million), B (billion), T (trillion). Negative values carry a minus sign and red type.
| Metric | TTM | FY25 | FY24 | FY23 | FY22 | FY21 | FY20 | FY19 | FY18 | FY17 | FY16 | FY15 | FY14 |
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Revenue | $25.0B | $24.2B+0.3% | $24.1B+10.1% | $21.9B+25.0% | $17.5B-0.7% | $17.7B+86.0% | $9.5B+101.5% | $4.7B+42.9% | $3.3B+49.0% | $2.2B+29.6% | $1.7B+34.9% | $1.3B+49.0% | $850.2M |
| Cost of Revenue | $13.4B | $13.8B-9.2% | $15.2B+5.7% | $14.4B+24.9% | $11.5B-12.9% | $13.2B+9101.7% | $143.9M+5.5% | $136.4M+44.9% | $94.1M+50.8% | $62.4M-9.0% | $68.6M-92.4% | $897.1M+43.7% | $624.1M |
| Gross Profit | $11.6B | $10.4B+16.5% | $8.9B+18.4% | $7.5B+25.3% | $6.0B+35.6% | $4.4B+61.7% | $2.7B+44.6% | $1.9B+44.9% | $1.3B+55.3% | $839.3M+45.7% | $576.0M+55.7% | $370.0M+63.7% | $226.1M |
| R&D Expenses | $3.1B | $2.9B-0.2% | $2.9B+7.1% | $2.7B+27.4% | $2.1B+54.3% | $1.4B+56.9% | $881.8M+30.8% | $674.2M+35.5% | $497.5M+54.6% | $321.9M+19.9% | $268.5M+34.5% | $199.6M+38.0% | $144.6M |
| SG&A Expenses | $2.7B | $2.0B-7.1% | $2.1B-2.7% | $2.2B+31.0% | $1.7B+71.6% | $982.8M+69.7% | $579.2M+32.6% | $436.9M+28.8% | $339.2M+35.4% | $250.6M-0.6% | $252.0M+75.6% | $143.5M+52.3% | $94.2M |
| Operating Income | $1.2B | $1.7B+91.5% | $892.3M+420.0% | -$278.8M+55.4% | -$624.5M-487.6% | $161.1M+956.3% | -$18.8M-170.8% | $26.6M+172.5% | -$36.6M+32.5% | -$54.2M+68.2% | -$170.5M+2.3% | -$174.5M-15.9% | -$150.5M |
| Interest Expense | N/A | $256.4M+54.9% | $165.5M | $0 | $0-100.0% | $58.1M-22.7% | $75.2M+67.5% | $44.9M+18.8% | $37.8M+476.0% | -$10.1M-1986.1% | $533K | N/A | N/A |
| Income Tax | $356.8M | $385.7M+125.6% | -$1.5B-18722.1% | -$8.0M+34.9% | -$12.3M-802.6% | -$1.4M-147.7% | $2.9M+3.4% | $2.8M+19.0% | $2.3M+1461.1% | $149K-92.2% | $1.9M-48.8% | $3.7M+160.1% | $1.4M |
| Net Income | $357.1M | $1.3B-54.9% | $2.9B+29546.4% | $9.8M+101.8% | -$540.7M-425.2% | $166.3M-22.0% | $213.1M-43.2% | $375.4M+1076.4% | -$38.5M+38.8% | -$62.8M+63.4% | -$171.6M+4.6% | -$179.8M-16.7% | -$154.1M |
| EPS (Diluted) | — | $2.10-53.9% | $4.56+22700.0% | $0.02+102.2% | -$0.93-381.8% | $0.33-25.0% | $0.44-45.7% | $0.81+1000.0% | -$0.09+47.1% | -$0.17+66.0% | -$0.50 | -$1.24-14.8% | -$1.08 |
TTM is the trailing twelve months, Q3 FY2025 through Q2 FY2026, summed from the four most recent quarterly filings. A row marked — cannot be summed at all, because a quarter in the window reports no per-share figure; a row marked N/A could be summed, but a quarter in the window does not report that metric.
XYZ Balance Sheet
Figures in USD, abbreviated K (thousand), M (million), B (billion), T (trillion). Negative values carry a minus sign and red type.
| Metric | FY25 | FY24 | FY23 | FY22 | FY21 | FY20 | FY19 | FY18 | FY17 | FY16 | FY15 | FY14 |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Total Assets | $39.5B+7.5% | $36.8B+11.3% | $33.0B+5.3% | $31.4B+108.7% | $15.0B+52.2% | $9.9B+116.9% | $4.6B+38.7% | $3.3B+50.0% | $2.2B+80.6% | $1.2B+35.4% | $894.8M | N/A |
| Current Assets | $22.9B+15.0% | $19.9B+11.6% | $17.8B+14.1% | $15.6B+34.4% | $11.6B+49.7% | $7.8B+141.1% | $3.2B+52.5% | $2.1B+18.8% | $1.8B+77.6% | $1.0B+41.9% | $705.6M | N/A |
| Cash & Equivalents | $6.6B-18.7% | $8.1B+61.6% | $5.0B+10.0% | $4.5B+2.3% | $4.4B+40.7% | $3.2B+201.6% | $1.0B+79.6% | $583.2M-16.3% | $696.5M+54.1% | $452.0M-2.0% | $461.3M+107.5% | $222.3M |
| Inventory | $158.3M+50.8% | $105.0M-4.6% | $110.1M+12.7% | $97.7M+26.8% | $77.1M+26.1% | $61.1M+28.2% | $47.7M+66.6% | $28.6M+70.6% | $16.8M+22.2% | $13.7M+15.7% | $11.9M | N/A |
| Accounts Receivable | $238.2M+60.0% | $148.9M+10.4% | $134.8M-4.0% | $140.5M+56.6% | $89.7M+113.8% | $42.0M+23.9% | $33.9M+51.2% | $22.4M+160.2% | $8.6M+39.0% | $6.2M+28.8% | $4.8M | N/A |
| Goodwill | $11.8B+3.8% | $11.4B-4.2% | $11.9B-0.4% | $12.0B+2204.5% | $519.3M+64.0% | $316.7M+18.9% | $266.3M+1.8% | $261.7M+348.7% | $58.3M+2.0% | $57.2M+0.8% | $56.7M+40.8% | $40.3M |
| Total Liabilities | $17.4B+11.8% | $15.5B+8.4% | $14.3B+1.6% | $14.1B+20.5% | $11.7B+62.9% | $7.2B+153.4% | $2.8B+31.3% | $2.2B+54.2% | $1.4B+120.5% | $635.2M+64.3% | $386.7M | N/A |
| Current Liabilities | $10.4B+21.5% | $8.5B-3.8% | $8.9B+5.3% | $8.4B+29.1% | $6.5B+58.4% | $4.1B+143.6% | $1.7B+66.3% | $1.0B+4.7% | $972.8M+68.5% | $577.5M+72.8% | $334.2M | N/A |
| Long-Term Debt | $7.3B+19.4% | $6.1B+48.2% | $4.1B+0.2% | $4.1B-9.9% | $4.6B+76.2% | $2.6B+175.5% | $938.8M+4.4% | $899.7M+150.9% | $358.6M | $0 | $0 | N/A |
| Total Equity | $22.2B+4.4% | $21.3B+13.8% | $18.7B+8.5% | $17.2B+426.2% | $3.3B+22.1% | $2.7B+56.4% | $1.7B+53.1% | $1.1B+42.5% | $786.3M+36.5% | $576.2M+13.4% | $508.0M+85.6% | $273.7M |
| Retained Earnings | $3.7B+55.1% | $2.4B+548.2% | -$528.4M+7.1% | -$568.7M-1933.7% | -$28.0M+90.6% | -$297.2M+41.8% | -$510.3M+42.4% | -$885.8M-5.1% | -$842.7M-8.1% | -$779.2M-28.2% | -$607.6M | N/A |
XYZ Cash Flow Statement
Figures in USD, abbreviated K (thousand), M (million), B (billion), T (trillion). Negative values carry a minus sign and red type.
| Metric | TTM | FY25 | FY24 | FY23 | FY22 | FY21 | FY20 | FY19 | FY18 | FY17 | FY16 | FY15 | FY14 |
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Operating Cash Flow | $4.1B | $2.6B+51.1% | $1.7B+1591.1% | $101.0M-42.6% | $175.9M-79.3% | $847.8M+389.8% | $173.1M-47.2% | $327.6M+11.0% | $295.1M+131.1% | $127.7M+452.1% | $23.1M+9.5% | $21.1M+118.8% | -$112.4M |
| Capital Expenditures | $175.6M | $155.0M+0.7% | $153.9M+1.8% | $151.2M-11.5% | $170.8M+27.2% | $134.3M-2.9% | $138.4M+121.5% | $62.5M+2.1% | $61.2M+134.5% | $26.1M+2.6% | $25.4M-32.1% | $37.4M+30.0% | $28.8M |
| Free Cash Flow | $3.9B | $2.4B+56.1% | $1.6B+3195.0% | -$50.2M-1086.4% | $5.1M-99.3% | $713.5M+1955.8% | $34.7M-86.9% | $265.1M+13.4% | $233.9M+130.2% | $101.6M+4514.2% | -$2.3M+85.9% | -$16.3M+88.4% | -$141.2M |
| Investing Cash Flow | -$3.2B | -$2.8B-531.1% | $650.0M-4.9% | $683.2M-44.3% | $1.2B+193.5% | -$1.3B-116.1% | -$606.6M-737.3% | $95.2M+110.5% | -$905.8M-165.9% | -$340.6M-198.2% | -$114.2M-164.3% | -$43.2M-76.0% | -$24.6M |
| Financing Cash Flow | -$102.3M | -$613.1M-131.4% | $2.0B+913.1% | -$240.1M-346.1% | $97.6M-96.3% | $2.7B-27.9% | $3.7B+1410.6% | $243.4M-52.8% | $515.8M+13.4% | $454.9M+401.4% | $90.7M-65.7% | $264.8M+36.4% | $194.2M |
| Share Buybacks | $1.9B | $2.3B+99.1% | $1.2B+646.3% | $156.8M | $0 | $0 | N/A | N/A | N/A | N/A | N/A | N/A | N/A |
Not reported in any period shown, so not listed: Dividends Paid.
TTM is the trailing twelve months, Q3 FY2025 through Q2 FY2026, summed from the four most recent quarterly filings. A row marked — cannot be summed at all, because a quarter in the window reports no per-share figure; a row marked N/A could be summed, but a quarter in the window does not report that metric.
XYZ Financial Ratios
Margins and returns are percentages; the remaining ratios are unitless multiples.
| Metric | FY25 | FY24 | FY23 | FY22 | FY21 | FY20 | FY19 | FY18 | FY17 | FY16 | FY15 | FY14 |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Gross Margin | 42.8%+6.0pp | 36.9%+2.6pp | 34.2%+0.1pp | 34.2%+9.1pp | 25.0%-3.7pp | 28.8%-11.3pp | 40.1%+0.6pp | 39.5%+1.6pp | 37.9%+4.2pp | 33.7%+4.5pp | 29.2%+2.6pp | 26.6% |
| Operating Margin | 7.1%+3.4pp | 3.7%+5.0pp | -1.3%+2.3pp | -3.6%-4.5pp | 0.9%+1.1pp | -0.2%-0.8pp | 0.6%+1.7pp | -1.1%+1.3pp | -2.5%+7.5pp | -10.0%+3.8pp | -13.8%+3.9pp | -17.7% |
| Net Margin | 5.4%-6.6pp | 12.0%+12.0pp | 0.0%+3.1pp | -3.1%-4.0pp | 0.9%-1.3pp | 2.2%-5.7pp | 8.0%+9.1pp | -1.2%+1.7pp | -2.8%+7.2pp | -10.0%+4.1pp | -14.2%+3.9pp | -18.1% |
| Return on Equity | 5.9%-7.7pp | 13.6%+13.6pp | 0.1%+3.2pp | -3.1%-8.2pp | 5.1%-2.9pp | 8.0%-13.9pp | 21.9%+25.3pp | -3.4%+4.6pp | -8.0%+21.8pp | -29.8%+5.6pp | -35.4%+20.9pp | -56.3% |
| Return on Assets | 3.3%-4.6pp | 7.9%+7.8pp | 0.0%+1.8pp | -1.7%-2.8pp | 1.1%-1.1pp | 2.2%-6.1pp | 8.3%+9.4pp | -1.2%+1.7pp | -2.9%+11.3pp | -14.2%+5.9pp | -20.1% | N/A |
| Current Ratio | 2.20-0.1x | 2.33+0.3x | 2.01+0.2x | 1.85+0.1x | 1.78-0.1x | 1.880.0x | 1.90-0.2x | 2.07+0.2x | 1.83+0.1x | 1.73-0.4x | 2.11 | N/A |
| Debt-to-Equity | 0.330.0x | 0.29+0.1x | 0.220.0x | 0.24-1.2x | 1.39+0.4x | 0.96+0.4x | 0.55-0.3x | 0.80+0.3x | 0.46+0.5x | 0.000.0x | 0.00 | N/A |
| FCF Margin | 10.0%+3.6pp | 6.4%+6.7pp | -0.2%-0.3pp | 0.0%-4.0pp | 4.0%+3.7pp | 0.4%-5.3pp | 5.6%-1.5pp | 7.1%+2.5pp | 4.6%+4.7pp | -0.1%+1.2pp | -1.3%+15.3pp | -16.6% |
Similar Companies
Where Block Inc Ranks
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.
How much debt does Block Inc have?
As of fiscal year 2025, Block Inc (XYZ) had $6.6B in cash and equivalents against $7.3B in long-term debt.
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 0.33 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 2.91, 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 4 out of 8 computable signals; 1 of the nine could not be computed from available data, so the full-scale strength rating is not shown. 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 to 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 6.66x, 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 52 out of 100 on our Financial Health Score, indicating moderate standing within its operating companies peer group. The score is a 0-100 composite of six dimensions (Profitability, Growth, Leverage, Liquidity, Cash Flow, Returns), each ranked as a percentile relative to companies in the same scoring family (banks against banks, REITs against REITs, and so on) rather than across all industries. It rates the quality of the business, not whether the stock is fairly priced, and is not financial advice. Learn more in our complete guide to financial health indicators.