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) Operating margin

Alert me on Operating margin

Block, Inc.'s operating margin over the twelve months to 30 September 2026 was 4.64%, down 2.4 percentage points from fiscal 2025 (7.06%). Over the past ten years it has ranged from −13.8% (fiscal 2015) to 7.06% (fiscal 2025) — the current reading is the highest in ten years. That is above the Software Infrastructure industry median of 0.00% and above the Technology sector median of 0.02%.

Operating margin, annual

Embed this chart

Annual newest first

Period Operating margin Change (points)
FY2025 7.06% 3.36
FY2024 3.70% 4.97
FY2023 −1.27% 2.29
FY2022 −3.56% (4.47)
FY2021 0.91% 1.11
FY2020 −0.20% (0.76)
FY2019 0.56% 1.67
FY2018 −1.11% 1.34
FY2017 −2.45% 7.53
FY2016 −9.98% 3.79

Quarterly newest first

Period Operating margin Change (points)
Sep 2026 6.38% (0.37)
Jun 2026 6.75% 9.59
Mar 2026 −2.84% (10.60)
Dec 2025 7.76% 1.06
43 more quarters

Against its own ten years

Low −13.8% High 7.06%
Ten-year median −1.11%
Current reading's percentile 88

Operating margin against peers

Company Operating margin
VRSN VeriSign, Inc. compare 67.6%
CPAY Corpay, Inc. compare 43.9%
NTAP NetApp, Inc. compare 25.0%
OKTA Okta, Inc. compare 7.55%
TWLO Twilio Inc. compare 6.82%
XYZ Block, Inc. 4.64%
CRWV CoreWeave Inc. compare −3.04%
ZS Zscaler, Inc. compare −3.98%
NBIS Nebius Group N.V. compare −50.5%
Software Infrastructure industry median 0.00%
Technology sector median 0.02%
Market median 0.00%

What Operating margin is

EBIT Margin tells an investor how much operating profit, before interest and taxes, a company keeps from each unit of revenue.

EBIT ÷ Revenue

The full definition of Operating margin →

More on XYZ