Saturday 17 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.

77.83 2.00 −2.51%

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Market cap: $48.0B
P/E: 134×
Fwd P/E: 29.7×
Dividend yield: —
F-score: 5/9
Altman Z: 2.64
Beneish M: −2.66
Dividend safety: n/a

Overview Business Profile Financial Analysis Income Statement Balance Sheet Cash Flow Metrics & Ratios Filings 10-Q 10-K

Insider Decisions trades per month

Total sells 86.65

Totals in millions of $.

	Dec 25			Mar 26			Jun 26			Sep 26
Buy	—	—	—	—	—	—	—	—	—	—	—	—
Sell	6	—	5	1	1	4	3	10	8	12	6	3

Insider Ownership 10.99%

Capital & Financial Ratios $m

Market Cap 47,960.00

Revenue 25,041.96

Net Income 355.63

Free Cash Flow 3,881.84

Net Debt (706.76)

Current Ratio 2.21

Debt/Equity 0.26

P/E ratio 134.19

Fwd P/E 29.70

P/S ratio 1.86

P/B ratio 2.11

Past 5Y EPS Growth 36.70%

This Y EPS Growth 71.40%

Next Y EPS Growth 28.99%

Next Y revenue growth 7.72%

Next 5Y EPS Growth 40.23%

Green and red mark values outside typical ranges. How we judge →

Valuation vs history

EV/Sales, ten years

P/E against its own 10 years 57.75%

10-year low 10-year high

P/S against its own 10 years 18.87%

10-year low 10-year high

P/B against its own 10 years 20.13%

10-year low 10-year high

EV/Sales against its own 10 years 25.47%

10-year low 10-year high

EV/FCF against its own 10 years 1.67%

10-year low 10-year high

Dividends

Payout Ratio —

Annual Dividend Rate —

Annual Dividend Yield —

	total	individual payouts
2023	Powerpack
2022	Powerpack
2021	Powerpack
2020	Powerpack
2019	Powerpack
2017	Powerpack

special payouts not included in total or ratios

Assets vs Liabilities $m

	2023	2024	2025	Q'26
Cash	5,848	8,479	7,082	6,427
Receivables	5,671	3,566	4,030	3,863
Inventory	—	—	—	—
Other	6,299	7,836	11,745	12,854
	17,819	19,880	22,857	23,145

	2023	2024	2025	Q'26
Payables	—	—	—	—
ST’ Debt	—	999	1,573	—
Other	753	185	467	572
	8,883	8,547	10,384	10,479

Compound Annual Growth %

	10y	5y	3y
Sales	34.30%	20.56%	11.33%
Cash Flow	61.69%	71.65%	144.77%
Earnings	0.00%	43.70%	0.00%
Book Value	45.88%	52.57%	8.72%

Revenue $m

	Mar	Jun	Sep	Dec	Year
’26	6,057	6,618	—	—	—
’25	5,772	6,054	6,115	6,252	24,194
’24	5,957	6,156	5,976	6,033	24,121
’23	4,990	5,535	5,617	5,773	21,916
’22	3,961	4,404	4,516	4,651	17,532
’21	5,057	4,681	3,845	4,079	17,661
’20	1,381	1,924	3,034	3,159	9,498

Fiscal quarters ending in the months shown.

Operating Cash Flow $m

	Mar	Jun	Sep	Dec	Year
’26	966	1,020	—	—	—
’25	133	374	1,451	621	2,580
’24	489	519	685	14	1,707
’23	294	113	491	(798)	101
’22	229	(115)	16	45	176
’21	(29)	275	407	194	848
’20	121	(273)	413	(88)	173

Fiscal quarters ending in the months shown.

Free Cash Flow $m

	Mar	Jun	Sep	Dec	Year
’26	935	967	—	—	—
’25	101	343	1,400	580	2,425
’24	457	481	628	(13)	1,553
’23	262	84	453	(850)	(50)
’22	188	(159)	(21)	(4)	5
’21	(63)	243	376	158	714
’20	95	(304)	383	(140)	35

Fiscal quarters ending in the months shown.

EPS $

	Mar	Jun	Sep	Dec	Year
’26	(0.52)	0.15	—	—	—
’25	0.30	0.87	0.74	0.19	2.10
’24	0.74	0.31	0.45	3.05	4.56
’23	0.15	(0.20)	(0.15)	0.14	0.02
’22	(0.38)	(0.36)	(0.02)	(0.19)	(0.90)
’21	0.08	0.40	0.00	(0.17)	0.33
’20	(0.24)	(0.03)	0.07	0.59	0.44

Fiscal quarters ending in the months shown.

Group	Line	2016	2017	2018	2019	2020	2021	2022	2023	2024	2025	2026e
Price, $
Price, $	Low	8.06	13.66	34.68	52.26	32.33	157.57	51.34	38.85	55.00	44.27	Analyst estimates 2026–2028 Powerpack
	High	15.91	49.56	101.15	83.20	243.38	289.23	165.20	89.97	99.26	94.25
People
People	Employees	1,853	2,338	3,349	3,835	5,477	8,521	12,428	12,985	11,372	10,205
	Revenue/emp, $m	0.92	0.95	0.98	1.23	1.73	2.07	1.41	1.69	2.12	2.37
Income, $m
Income, $m	Revenue	1,709	2,214	3,298	4,714	9,498	17,661	17,532	21,916	24,121	24,194
	Gross margin, %	33.71	37.90	39.53	40.09	28.78	25.03	34.18	34.24	36.85	42.82
	EBT	(170)	(63)	(36)	378	216	157	(565)	(29)	1,357	1,690
	EBT margin, %	(9.93)	(2.83)	(1.10)	8.02	2.27	0.89	(3.22)	(0.13)	5.63	6.98
	Net income	(172)	(63)	(38)	375	213	159	(553)	(21)	2,866	1,304
	Depreciation	38	37	61	76	160	166	(252)	(444)	(589)	(768)
Per share, $
Per share, $	Revenue	5.00	5.84	8.13	11.09	21.43	38.53	30.28	35.99	39.09	39.52
	Earnings	(0.50)	(0.17)	(0.09)	0.88	0.48	0.36	(0.96)	0.02	4.70	2.13
	Cash flow	0.07	0.34	0.73	0.77	0.39	1.85	0.30	0.17	2.77	4.21
	Capex	(0.07)	(0.07)	(0.15)	0.58	(0.31)	(0.29)	(0.29)	(0.25)	(0.25)	(0.25)
	Free cash flow	(0.01)	0.27	0.57	1.35	0.08	1.56	0.01	(0.08)	2.52	3.96
	Book value	1.69	2.07	2.76	4.04	6.05	7.23	29.80	30.70	34.42	36.21
	Shares, m	342	379	406	425	443	458	579	609	617	612
Valuation, ×
Valuation, ×	P/E	0.00	0.00	0.00	71.57	473.13	436.51	0.00	0.00	18.20	30.42
	P/S	2.76	6.20	6.90	5.64	10.15	4.19	2.13	2.01	2.17	1.65
	P/B	8.19	17.45	20.31	15.50	35.96	22.34	2.17	2.35	2.47	1.80
	EV/Sales	2.47	5.95	6.87	5.52	10.03	4.15	2.07	1.93	2.08	1.68
	EV/FCF	(1,750.96)	129.75	97.54	45.42	2,874.92	102.94	10,378.82	(816.94)	32.26	16.75
Cash, $m
Cash, $m	Operating cash flow	23	128	295	328	173	848	176	101	1,707	2,580
	Capex	(26)	(26)	(63)	247	(138)	(134)	(171)	(151)	(154)	(155)
	Free cash flow	(2)	102	232	574	35	714	5	(50)	1,553	2,425
Balance, $m
Balance, $m	Working capital	424	805	1,093	1,526	3,636	5,086	7,189	8,936	11,333	12,472
	Total debt	—	359	900	969	2,640	4,560	4,570	4,120	6,105	7,289
	Net debt	(534)	(536)	(224)	(571)	(1,213)	(753)	(1,056)	(1,728)	(2,373)	207
	Shareholders’ equity	576	786	1,121	1,715	2,682	3,314	17,251	18,693	21,235	22,170
Returns, %
Returns, %	ROA	(16.29)	(3.70)	(1.41)	9.59	2.96	1.34	(2.33)	0.03	8.30	3.42
	ROIC	(253.10)	(13.55)	(2.55)	1.45	(0.80)	3.93	(2.41)	(1.03)	2.96	4.77
	ROE	(31.65)	(9.22)	(4.03)	26.48	9.69	5.55	(5.26)	0.05	14.51	6.02

Negative figures in brackets.

All 10 years →

Fiscal years to Dec 2025 · latest quarter Jun 2026

Charts ten years each

Company	Market cap	P/E	Fwd P/E	Revenue growth (Q)	EPS growth (Q)	FCF growth (Q)	Gross margin (Q)	EBIT margin (Q)	Compare
NBIS Nebius Group N.V.	$51.2B	636×	34.8×	+454.04% (above 0%: growing)	n/m	−399.28% (below 0%: shrinking)	77.06%	(30.21%)	Compare
XYZ Block, Inc.	$48.0B	134×	29.7×	+9.30% (above 0%: growing)	−82.95% (below 0%: shrinking)	+181.80% (above 0%: growing)	47.84%	6.75%
NTAP NetApp, Inc.	$42.2B	28.4×	23.4×	+29.89% (above 0%: growing)	+64.66% (above 0%: growing)	−35.32% (below 0%: shrinking)	70.07%	23.90%	Compare
TWLO Twilio Inc.	$42.0B	32.5×	107×	+22.03% (above 0%: growing)	+4,560.00% (above 0%: growing)	+32.18% (above 0%: growing)	48.42%	5.64%	Compare
CRWV CoreWeave Inc.	$38.4B	— (loss-making)	— (loss-making)	+112.46% (above 0%: growing)	n/m	−112.39% (below 0%: shrinking)	65.86%	(1.90%)	Compare
OKTA Okta, Inc.	$36.5B	111×	72.2×	+10.58% (above 0%: growing)	+76.32% (above 0%: growing)	+38.89% (above 0%: growing)	79.63%	13.29%	Compare
ZS Zscaler, Inc.	$35.9B	— (loss-making)	— (loss-making)	+24.88% (above 0%: growing)	n/m	−64.66% (below 0%: shrinking)	76.73%	(1.72%)	Compare
MDB MongoDB, Inc.	$29.5B	456×	2,423×	+30.50% (above 0%: growing)	n/m	+94.79% (above 0%: growing)	73.83%	3.68%	Compare
VRSN VeriSign, Inc.	$27.5B	32.8×	31.1×	+6.03% (above 0%: growing)	+7.69% (above 0%: growing)	+9.30% (above 0%: growing)	88.50%	68.18%	Compare
Median of peers	$37.4B	71.8×	53.5×	+27.39%	+70.49%	−13.01%	75.28%	4.66%

All 173 Software Infrastructure stocks →

Block, Inc. (XYZ) key facts

Block, Inc. (XYZ) is a Software Infrastructure company in the Technology sector, listed on the New York Stock Exchange.
Block, Inc.’s revenue for fiscal 2025 (year ended December 2025) was $24.2 billion, roughly unchanged from fiscal 2024.
As of October 16, 2026, XYZ traded at $77.83, a market capitalization of $48.0 billion.
Return on equity was 6.02% and debt-to-equity 0.26.
Its Piotroski F-score is 5 out of 9 and its Altman Z-score is 2.64 (grey zone) for fiscal 2025.

Source: company filings (standardised) and stockrow calculations.