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

85.00 0.96 +1.14%
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) Gross margin

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Block, Inc.'s gross margin over the twelve months to 30 September 2026 was 47.5%, up 4.7 percentage points from fiscal 2025 (42.8%). Over the past ten years it has ranged from 25.0% (fiscal 2021) to 42.8% (fiscal 2025) — the current reading is the highest in ten years. That is below the Software Infrastructure industry median of 57.5% and in line with the Technology sector median of 46.9%.

Gross margin, annual

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Annual newest first

Period Gross margin Change (points)
FY2025 42.8% 5.97
FY2024 36.9% 2.61
FY2023 34.2% 0.06
FY2022 34.2% 9.15
FY2021 25.0% (3.75)
FY2020 28.8% (11.31)
FY2019 40.1% 0.56
FY2018 39.5% 1.63
FY2017 37.9% 4.19
FY2016 33.7% 4.51

Quarterly newest first

Period Gross margin Change (points)
Sep 2026 48.2% 0.31
Jun 2026 47.8% (0.19)
Mar 2026 48.0% 2.09
Dec 2025 45.9% 2.41
43 more quarters

Against its own ten years

Low 25.0% High 42.8%
Ten-year median 34.2%
Current reading's percentile 100

Gross margin against peers

Company Gross margin
CPAY Corpay, Inc. compare 100.0%
VRSN VeriSign, Inc. compare 88.6%
OKTA Okta, Inc. compare 78.1%
ZS Zscaler, Inc. compare 76.8%
NBIS Nebius Group N.V. compare 74.3%
NTAP NetApp, Inc. compare 70.6%
CRWV CoreWeave Inc. compare 67.4%
TWLO Twilio Inc. compare 48.6%
XYZ Block, Inc. 47.5%
Software Infrastructure industry median 57.5%
Technology sector median 46.9%
Market median 45.1%

What Gross margin is

Gross Margin tells an investor how much of each sale a company keeps after paying the direct costs of making or buying what it sells.

Gross Profit ÷ Revenue

The full definition of Gross margin →

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