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) Free cash flow margin

Alert me on Free cash flow margin

Block, Inc.'s free cash flow margin over the twelve months to 30 September 2026 was 13.5%, up 3.4 percentage points from fiscal 2025 (10.0%). Over the past ten years it has ranged from −1.39% (fiscal 2015) to 12.2% (fiscal 2019); the current reading is higher than 91% of that period. That is above the Software Infrastructure industry median of 0.00% and above the Technology sector median of 0.67%.

Free cash flow margin, annual

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Annual newest first

Period Free cash flow margin Change (points)
FY2025 10.0% 3.58
FY2024 6.44% 6.67
FY2023 −0.23% (0.26)
FY2022 0.03% (4.01)
FY2021 4.04% 3.67
FY2020 0.37% (11.82)
FY2019 12.2% 5.15
FY2018 7.04% 2.45
FY2017 4.59% 4.73
FY2016 −0.14% 1.25

Against its own ten years

Low −1.39% High 12.2%
Ten-year median 4.04%
Current reading's percentile 91

Free cash flow margin against peers

Company Free cash flow margin
VRSN VeriSign, Inc. compare 59.1%
OKTA Okta, Inc. compare 31.2%
CPAY Corpay, Inc. compare 25.5%
ZS Zscaler, Inc. compare 23.2%
NTAP NetApp, Inc. compare 22.3%
TWLO Twilio Inc. compare 19.2%
XYZ Block, Inc. 13.5%
CRWV CoreWeave Inc. compare −179.9%
NBIS Nebius Group N.V. compare −433.8%
Software Infrastructure industry median 0.00%
Technology sector median 0.67%
Market median 0.00%

What Free cash flow margin is

Free Cash Flow Margin tells an investor how much of each sale turns into cash the company keeps after paying for investment in its assets.

(Operating Cash Flow + Property, Plant, Equipment Change (Net) + Intangible Assets Change (Net)) ÷ Revenue

The full definition of Free cash flow margin →

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