Block, Inc.

XYZ Technology Software Infrastructure

Block, Inc.’s revenue for fiscal 2025 (year ended December 2025) was $24.2 billion, roughly unchanged from fiscal 2024.

Revenue
+9.88%
EPS
+23.2%
Free cash flow
−30.6%
Total debt
−21.4%

Quarter to September 2026, against a year earlier

84.41 3.22 −3.67%
Market cap
$50.8B
P/E
112×
Fwd P/E
44.1×
Dividend yield
—
F-score
5/9
Altman Z
2.64
Beneish M
−2.66
Dividend safety
n/a

Block, Inc. (XYZ) Debt to equity

Alert me on Debt to equity

Block, Inc.'s debt to equity at the end of the quarter to 30 September 2026 was 0.3×, down 0.1× from fiscal 2025 (0.3×). Over the past ten years it has ranged from 0.0× (fiscal 2016) to 1.4× (fiscal 2021); the current reading is higher than 55% of that period. That is above the Software Infrastructure industry median of 0.0× and above the Technology sector median of 0.1×.

Debt to equity, annual

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Annual newest first

Period Debt to equity Change
FY2025 0.3× 14.37%
FY2024 0.3× 30.44%
FY2023 0.2× (16.80%)
FY2022 0.3× (80.75%)
FY2021 1.4× 39.77%
FY2020 1.0× 74.28%
FY2019 0.6× (29.64%)
FY2018 0.8× 76.07%
FY2017 0.5× —
FY2016 0.0× —

Quarterly newest first

Period Debt to equity Change
Sep 2026 0.3× (3.73%)
Jun 2026 0.3× (22.74%)
Mar 2026 0.3× 2.31%
Dec 2025 0.3× 1.42%
43 more quarters

Against its own ten years

Low 0.0× High 1.4×
Ten-year median 0.3×
Current reading's percentile 55

Debt to equity against peers

Company Debt to equity
VRSN VeriSign, Inc. compare −0.8×
OKTA Okta, Inc. compare 0.0×
TWLO Twilio Inc. compare 0.1×
XYZ Block, Inc. 0.3×
ZS Zscaler, Inc. compare 0.7×
NBIS Nebius Group N.V. compare 0.8×
NTAP NetApp, Inc. compare 1.7×
CPAY Corpay, Inc. compare 1.8×
CRWV CoreWeave Inc. compare 7.0×
Software Infrastructure industry median 0.0×
Technology sector median 0.1×
Market median 0.1×

What Debt to equity is

Debt to Equity Ratio shows how much a company relies on borrowed money compared with the money its shareholders have in the business.

(Long Term Debt (Total) + Current Part of Debt) ÷ Shareholders Equity (Total)

The full definition of Debt to equity →

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