Block adds $5B to existing $4B stock buyback program

Rhea-AI Filing Summary

Block, Inc. reported that its board of directors approved a $5.0 billion increase to its existing share repurchase program for Class A common stock. This expands a previously announced $4 billion authorization, under which about $1.1 billion remained available as of September 30, 2025. The company can buy shares in the open market or through privately negotiated deals, and may use Rule 10b5-1 trading plans and make repurchases in accordance with Rule 10b-18. The program can be suspended at any time, and the amount and timing of repurchases will depend on factors such as stock price, business and market conditions, regulatory requirements, and alternative investment or acquisition opportunities. The stated goal is to return capital to stockholders as part of Block’s overall capital allocation strategy.

Positive

• $5.0 billion increase to the share repurchase authorization, expanding a prior $4 billion program with $1.1 billion remaining as of September 30, 2025, indicates a sizable capacity for capital return.

Negative

• None.

Insights

Equity Capital Markets Analyst

Block adds $5B to buyback, signaling larger capital return capacity.

Block, Inc. increased its share repurchase authorization by $5.0 billion, on top of a prior $4 billion program that had about $1.1 billion remaining as of September 30, 2025. This represents a substantial pool of potential repurchases of Class A common stock, which can reduce the public float and, over time, lower the share count if executed.

The authorization is discretionary: the board is not obligated to repurchase a specific amount, and activity will depend on stock price, business and market conditions, regulatory requirements, and alternative investment or acquisition opportunities. Repurchases may occur via open market transactions structured under Rule 10b-18, as well as through Rule 10b5-1 plans that automate buying under preset parameters.

The program’s stated goal is returning capital to stockholders as part of Block’s overall capital allocation strategy. Actual impact will hinge on how aggressively management uses the expanded authorization relative to other uses of cash, which will be observable in subsequent quarterly disclosures covering periods after September 30, 2025.

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UNITED STATES

SECURITIES AND EXCHANGE COMMISSION

Washington, D.C. 20549

FORM 8-K

CURRENT REPORT

Pursuant to Section 13 or 15(d)

of The Securities Exchange Act of 1934

Date of Report (Date of earliest event reported): November 19, 2025

Block, Inc.

(Exact name of registrant as specified in its charter)

Delaware		001-37622		80-0429876
(State or other jurisdiction of incorporation)		(Commission File Number)		(IRS Employer Identification No.)

1955 Broadway, Suite 600

Oakland, CA 94612¹

(Address of principal executive offices, including zip code)

(415) 375-3176

(Registrant’s telephone number, including area code)

Not Applicable

(Former name or former address, if changed since last report)

Check the appropriate box below if the Form 8-K filing is intended to simultaneously satisfy the filing obligation of the registrant under any of the following provisions (see General Instruction A.2. below):

☐ Written communications pursuant to Rule 425 under the Securities Act (17 CFR 230.425)

☐ Soliciting material pursuant to Rule 14a-12 under the Exchange Act (17 CFR 240.14a-12)

☐ Pre-commencement communications pursuant to Rule 14d-2(b) under the Exchange Act (17 CFR 240.14d-2(b))

☐ Pre-commencement communications pursuant to Rule 13e-4(c) under the Exchange Act (17 CFR 240.13e-4(c))

Securities registered pursuant to Section 12(b) of the Act:

Title of each class		Trading Symbol(s)		Name of each exchange on which registered
Class A Common Stock, $0.0000001 par value per share		XYZ		New York Stock Exchange

Indicate by check mark whether the registrant is an emerging growth company as defined in Rule 405 of the Securities Act of 1933 (§230.405 of this chapter) or Rule 12b-2 of the Securities Exchange Act of 1934 (§240.12b-2 of this chapter).

Emerging growth company ☐

If an emerging growth company, indicate by check mark if the registrant has elected not to use the extended transition period for complying with any new or revised financial accounting standards provided pursuant to Section 13(a) of the Exchange Act. ☐

¹  We have adopted a distributed work model and, therefore, have no formal headquarters. This address represents our “principal executive office,” which we are required to identify under Securities and Exchange Commission rules.

Item 8.01 Other Events.

On November 19, 2025, Block, Inc. (the “Company”) announced that its board of directors approved an increase of $5.0 billion to the Company’s previously announced share repurchase program for the repurchase of shares of the Company’s Class A common stock. As of September 30, 2025, approximately $1.1 billion remained under the Company’s prior $4 billion share repurchase authorization.

Repurchases may be made from time to time through open market purchases or through privately negotiated transactions subject to market conditions, applicable legal requirements and other relevant factors. Open market repurchases may be structured to occur in accordance with the requirements of Rule 10b-18 of the U.S. Securities Exchange Act of 1934, as amended. The Company may also, from time to time, enter into Rule 10b5-1 plans to facilitate repurchases of its shares under this authorization. The repurchase program does not obligate the Company to acquire any particular amount of its Class A common stock and may be suspended at any time at the Company’s discretion. The timing and number of shares repurchased will depend on a variety of factors, including the stock price, business and market conditions, corporate and regulatory requirements, alternative investment opportunities, acquisition opportunities, and other factors. The goal of the program is to return capital to stockholders as part of the Company’s overall capital allocation strategy.

SIGNATURES

Pursuant to the requirements of the Securities Exchange Act of 1934, the registrant has duly caused this report to be signed on its behalf by the undersigned hereunto duly authorized.

				BLOCK, INC.
Date: November 19, 2025				By:		/s/ Chrysty Esperanza
						Chrysty Esperanza Chief Legal Officer and Corporate Secretary

FAQ

What did Block, Inc. (ticker XYZ) announce in this 8-K?

Block, Inc. announced that its board of directors approved a $5.0 billion increase to its existing share repurchase program for Class A common stock.

How large is Block, Inc.’s total share repurchase authorization now?

The authorization now includes a new $5.0 billion increase on top of a previously announced $4 billion share repurchase program.

How much remained under Block’s prior buyback authorization before the increase?

As of September 30, 2025, approximately $1.1 billion remained available under Block’s prior $4 billion share repurchase authorization.

How can Block, Inc. repurchase its Class A common stock under this program?

Repurchases may be made through open market purchases or privately negotiated transactions, and may be structured under Rule 10b-18 and Rule 10b5-1 plans.

Is Block, Inc. required to repurchase a fixed amount of shares?

No. The repurchase program does not obligate Block to acquire any particular amount of Class A common stock and can be suspended at the company’s discretion.

What is the stated goal of Block, Inc.’s expanded share repurchase program?

The company states that the goal of the program is to return capital to stockholders as part of its overall capital allocation strategy.