Wednesday 28 October 2026 Export XYZ’s income statement to Excel — free account

Block, Inc.

Block, Inc.’s revenue for fiscal 2025 (year ended December 2025) was $24.2 billion, roughly unchanged from fiscal 2024. In the quarter to June 2026, revenue grew 9.30%, EPS fell 83.0%, free cash flow grew 181.8% and total debt rose 11.9%, each against the same quarter a year earlier. Member of the S&P 500; revenue growth for three consecutive years.

74.85 0.30 +0.40%

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Market cap: $45.0B
P/E: 129×
Fwd P/E: 45.1×
Dividend yield: —
F-score: 5/9
Altman Z: 2.64
Beneish M: −2.66
Dividend safety: n/a

Overview Business Profile Earnings & Analysis Segments Filings

Block, Inc. (XYZ) revenue by segment, product and region

Where the money comes from and where it goes

Fiscal 2025: revenue by segment, and margins
Cash App	15,425	63.76%
Square	8,452	34.93%
Other, not broken out	317	1.31%
Gross margin		42.82%
Operating margin		7.06%
Pre-tax margin		6.98%

Revenue by product or service $m

Line	FY2024	FY2023	FY2022	FY2021	FY2020	FY2019	FY2018	FY2017	FY2016
Bitcoin ecosystem revenue	10,358 42.94%	9,668 44.12%	—	—	—	—	—	—	—
Commerce enablement revenue	9,298 38.55%	8,619 39.33%	—	—	—	—	—	—	—
Financial solutions revenue	2,166 8.98%	2,004 9.14%	—	—	—	—	—	—	—
Bitcoin revenue	—	—	7,113 40.57%	10,013 56.69%	4,572 48.13%	516 10.96%	167 5.05%	0 0.00%	0 0.00%
Transaction-based revenue	—	—	5,702 32.52%	4,793 27.14%	3,295 34.69%	3,081 65.37%	2,471 74.93%	1,920 86.72%	1,456 85.22%
Subscription and services-based revenue	—	—	3,386 19.31%	2,446 13.85%	1,447 15.24%	884 18.75%	499 15.13%	185 8.38%	80 4.65%
Hardware revenue	—	—	164 0.94%	146 0.82%	92 0.97%	85 1.79%	69 2.08%	41 1.87%	44 2.59%
Other, not broken out	2,299 9.53%	1,625 7.41%	1,167 6.66%	264 1.49%	92 0.97%	148 3.13%	93 2.81%	67 3.03%	129 7.53%
Revenue	24,121	21,916	17,532	17,661	9,498	4,714	3,298	2,214	1,709

Gross profit by product or service $m, and margin

	FY2024	FY2023	FY2022	FY2021	FY2020	FY2019	FY2018	FY2017	FY2016
Bitcoin revenue	‡	‡	‡	‡	‡	‡	‡	‡	‡
Transaction-based revenue	‡	‡	‡	‡	‡	‡	‡	‡	‡
Subscription and services-based revenue	‡	‡	‡	‡	‡	‡	‡	‡	‡
Hardware revenue	‡	‡	‡	‡	‡	‡	‡	‡	‡
Gross profit	‡	‡	‡	‡	‡	‡	‡	‡	‡
	‡	‡	‡	‡	‡	‡	‡	‡	‡
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	‡	‡	‡	‡	‡	‡	‡	‡	‡
	‡	‡	‡	‡	‡	‡	‡	‡	‡
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	‡	‡	‡	‡	‡	‡	‡	‡	‡

Revenue by segment $m

Line	FY2025	FY2024	FY2023	FY2022	FY2021	FY2020	FY2019	FY2018
Cash App	15,425 63.76%	16,248 67.36%	14,682 66.99%	11,032 62.93%	12,315 69.73%	5,968 62.84%	1,106 23.46%	430 13.04%
Square	8,452 34.93%	7,682 31.85%	7,033 32.09%	6,294 35.90%	5,193 29.41%	3,529 37.16%	3,462 73.45%	2,720 82.46%
Other, not broken out	317 1.31%	192 0.79%	201 0.92%	206 1.17%	152 0.86%	—	146 3.10%	149 4.51%
Revenue	24,194	24,121	21,916	17,532	17,661	9,498	4,714	3,298

Revenue by region $m

Line	FY2025	FY2024	FY2023	FY2022	FY2021	FY2020	FY2019	FY2018	FY2017	FY2016	FY2015	FY2014
United States	22,187 91.70%	22,352 92.67%	20,416 93.16%	16,315 93.06%	17,078 96.70%	9,186 96.72%	4,472 94.89%	3,139 95.17%	2,120 95.75%	1,644 96.20%	1,225 96.64%	826 97.10%
International	2,007 8.30%	1,769 7.33%	1,499 6.84%	1,217 6.94%	584 3.30%	311 3.28%	241 5.11%	159 4.83%	94 4.25%	65 3.80%	43 3.36%	25 2.90%
Revenue	24,194	24,121	21,916	17,532	17,661	9,498	4,714	3,298	2,214	1,709	1,267	850

Operating figures as reported in each quarter’s results release or filing

Figure	Quarter	Latest	A year before	Change
Cash App Card monthly actives	Q3 FY2025	26.0M	24.0M	+8.33%
Cash App monthly transacting actives	Q2 FY2026	59.0M	57.0M	+3.51%
Commerce Enablement (excluding Hardware) Monetization Rate	Q2 FY2026	1.23%	—	—
Commerce Enablement Monetization Rate	Q2 FY2026	1.65%	1.62%	—
Commerce spending volume	Q2 FY2026	$56.5B	$183.0B	−69.13%
Consumer Lending Origination Volume	Q2 FY2026	$18.9B	$9.1B	+107.46%
Financial Solutions Monetization Rate	Q2 FY2026	0.41%	—	—
Gross Profit Per Monthly Transacting Active	Q3 FY2025	$94.00	—	—
Inflows per transacting active	Q2 FY2026	$1,469.00	$1,338.00	+9.79%
Overall inflows	Q2 FY2026	$87.0B	$76.4B	+13.87%
Primary banking actives	Q2 FY2026	9.4M	—	—
Square GPV	Q2 FY2026	$72.8B	$64.2B	+13.47%

	Q2 FY2026	Q1 FY2026	Q4 FY2025	Q3 FY2025	Q2 FY2025	Q1 FY2025	Q4 FY2024	Q3 FY2024	Q2 FY2024	Q1 FY2024	Q4 FY2023	Q3 FY2023
Cash App Card monthly actives	‡	‡	‡	‡	‡	‡	‡	‡	‡	‡	‡	‡
Cash App monthly transacting actives	‡	‡	‡	‡	‡	‡	‡	‡	‡	‡	‡	‡
Commerce Enablement (excluding Hardware) Monetization Rate	‡	‡	‡	‡	‡	‡	‡	‡	‡	‡	‡	‡
Commerce Enablement Monetization Rate	‡	‡	‡	‡	‡	‡	‡	‡	‡	‡	‡	‡
Commerce spending volume	‡	‡	‡	‡	‡	‡	‡	‡	‡	‡	‡	‡
Consumer Lending Origination Volume	‡	‡	‡	‡	‡	‡	‡	‡	‡	‡	‡	‡
Financial Solutions Monetization Rate	‡	‡	‡	‡	‡	‡	‡	‡	‡	‡	‡	‡
Gross Profit Per Monthly Transacting Active	‡	‡	‡	‡	‡	‡	‡	‡	‡	‡	‡	‡
Inflows per transacting active	‡	‡	‡	‡	‡	‡	‡	‡	‡	‡	‡	‡
Overall inflows	‡	‡	‡	‡	‡	‡	‡	‡	‡	‡	‡	‡
Primary banking actives	‡	‡	‡	‡	‡	‡	‡	‡	‡	‡	‡	‡
Square GPV	‡	‡	‡	‡	‡	‡	‡	‡	‡	‡	‡	‡

As each company reports them in its 10-K and 10-Q filings, in US dollars. Where a later filing recast a year's segments, the year is shown as recast; a period whose breakdown does not add up to the company's revenue is left out.