[SCHEDULE 13G] Block, Inc. SEC Filing

Rhea-AI Filing Summary

T. Rowe Price Associates, Inc. filed a Schedule 13G reporting beneficial ownership of 47,532,186 shares of Block Inc common stock (CUSIP 852234103), representing 8.6% of the class tied to the 06/30/2025 event date. The filing shows sole voting power for 44,964,064 shares and sole dispositive power for 47,512,886 shares. The filer is identified as an investment adviser and certifies the shares were acquired and are held in the ordinary course of business and not for the purpose of influencing control. Items 7–9 are marked Not Applicable and the form is signed by Ellen York, Vice President.

Insights

Financial Analyst

TL;DR: T. Rowe Price reports a material 8.6% stake (47.53M shares) in Block, disclosed as a passive holding under Schedule 13G.

The filing discloses a sizable equity position that represents a meaningful minority stake in Block Inc. Key metrics include 47,532,186 shares beneficially owned and 8.6% of the class, with 44,964,064 shares subject to sole voting power. The form is filed by an investment adviser and includes a certification that the holdings are not intended to influence control, which limits immediate governance implications. For investors, the position signals a large institutional exposure but not an activist intent per the filer’s certification.

Corporate Governance Expert

TL;DR: Substantial passive stake disclosed; governance impact appears limited because the filer affirms ordinary-course, non-control intent.

The Schedule 13G shows that T. Rowe Price holds significant voting power on a large block of shares, yet the filing is presented as passive with an explicit certification against seeking to influence control. That combination means the stake is important for ownership concentration metrics but does not, per the document, alter control dynamics. Reviewers should note a minor numeric inconsistency between the aggregate beneficial ownership and the stated sole dispositive power figure within the filing.

SECURITIES AND EXCHANGE COMMISSION
Washington, D.C. 20549

SCHEDULE 13G

UNDER THE SECURITIES EXCHANGE ACT OF 1934

BLOCK INC

(Name of Issuer)

COMMON STOCK

(Title of Class of Securities)

852234103

(CUSIP Number)

06/30/2025

(Date of Event Which Requires Filing of this Statement)

Check the appropriate box to designate the rule pursuant to which this Schedule is filed:

Rule 13d-1(b)

Rule 13d-1(c)

Rule 13d-1(d)

SCHEDULE 13G

CUSIP No. 852234103

1

Names of Reporting Persons

T. Rowe Price Associates, Inc.

2

Check the appropriate box if a member of a Group (see instructions)

(a)
(b)

3

Sec Use Only

4

Citizenship or Place of Organization

MARYLAND

Number of Shares Beneficially Owned by Each Reporting Person With:

5	Sole Voting Power 44,964,064.00
6	Shared Voting Power 0.00
7	Sole Dispositive Power 47,512,886.00
8	Shared Dispositive Power 0.00

9

Aggregate Amount Beneficially Owned by Each Reporting Person

47,532,186.00

10

Check box if the aggregate amount in row (9) excludes certain shares (See Instructions)

11

Percent of class represented by amount in row (9)

8.6 %

12

Type of Reporting Person (See Instructions)

IA

SCHEDULE 13G

Item 1.
(a)	Name of issuer: BLOCK INC
(b)	Address of issuer's principal executive offices: 1955 BROADWAY, SUITE 600, OAKLAND, CA, 94612
Item 2.
(a)	Name of person filing: T. Rowe Price Associates, Inc.
(b)	Address or principal business office or, if none, residence: 1307 Point Street, Baltimore, MD 21231
(c)	Citizenship: Maryland
(d)	Title of class of securities: COMMON STOCK
(e)	CUSIP No.: 852234103
Item 3.	If this statement is filed pursuant to §§ 240.13d-1(b) or 240.13d-2(b) or (c), check whether the person filing is a:
(a)	Broker or dealer registered under section 15 of the Act (15 U.S.C. 78o);
(b)	Bank as defined in section 3(a)(6) of the Act (15 U.S.C. 78c);
(c)	Insurance company as defined in section 3(a)(19) of the Act (15 U.S.C. 78c);
(d)	Investment company registered under section 8 of the Investment Company Act of 1940 (15 U.S.C. 80a-8);
(e)	An investment adviser in accordance with § 240.13d-1(b)(1)(ii)(E);
(f)	An employee benefit plan or endowment fund in accordance with § 240.13d-1(b)(1)(ii)(F);
(g)	A parent holding company or control person in accordance with § 240.13d-1(b)(1)(ii)(G);
(h)	A savings associations as defined in Section 3(b) of the Federal Deposit Insurance Act (12 U.S.C. 1813);
(i)	A church plan that is excluded from the definition of an investment company under section 3(c)(14) of the Investment Company Act of 1940 (15 U.S.C. 80a-3);
(j)	A non-U.S. institution in accordance with § 240.13d-1(b)(1)(ii)(J). If filing as a non-U.S. institution in accordance with § 240.13d-1(b)(1)(ii)(J), please specify the type of institution:
(k)	Group, in accordance with Rule 240.13d-1(b)(1)(ii)(K).
Item 4.	Ownership
(a)	Amount beneficially owned: 47532186
(b)	Percent of class: 8.6 %
(c)	Number of shares as to which the person has:
	(i) Sole power to vote or to direct the vote: 44964064
	(ii) Shared power to vote or to direct the vote: 0
	(iii) Sole power to dispose or to direct the disposition of: 47512886
	(iv) Shared power to dispose or to direct the disposition of: 0
Item 5.	Ownership of 5 Percent or Less of a Class.
Item 6.	Ownership of more than 5 Percent on Behalf of Another Person.
	Not Applicable
Item 7.	Identification and Classification of the Subsidiary Which Acquired the Security Being Reported on by the Parent Holding Company or Control Person.
	Not Applicable
Item 8.	Identification and Classification of Members of the Group.
	Not Applicable
Item 9.	Notice of Dissolution of Group.
	Not Applicable

Item 10.

Certifications:

By signing below I certify that, to the best of my knowledge and belief, the securities referred to above were acquired and are held in the ordinary course of business and were not acquired and are not held for the purpose of or with the effect of changing or influencing the control of the issuer of the securities and were not acquired and are not held in connection with or as a participant in any transaction having that purpose or effect, other than activities solely in connection with a nomination under ?? 240.14a-11. T. Rowe Price Associates, Inc. hereby declares and affirms that the filing of Schedule 13G shall not be construed as an admission that Price Associates is the beneficial owner of the securities referred to, which beneficial ownership is expressly denied.

SIGNATURE

After reasonable inquiry and to the best of my knowledge and belief, I certify that the information set forth in this statement is true, complete and correct.

T. Rowe Price Associates, Inc.

Signature:	Ellen York
Name/Title:	Vice President
Date:	08/14/2025

FAQ

How many Block Inc (XYZ) shares does T. Rowe Price report owning?

47,532,186 shares beneficially owned, per the Schedule 13G in the filing.

What percentage of Block Inc (XYZ) does T. Rowe Price own?

8.6% of the outstanding common stock, as stated in the filing.

How much voting power does T. Rowe Price report for Block Inc (XYZ)?

Sole voting power for 44,964,064 shares and zero shared voting power, according to the filing.

Does the filing indicate an intent to influence control of Block Inc (XYZ)?

No; the filer certifies the securities were acquired and are held in the ordinary course of business and not for the purpose of changing or influencing control.

When was the Schedule 13G signed and by whom?

Signed by Ellen York, Vice President, dated 08/14/2025 as shown on the filing.