B

Block, Inc.

BSQKZ · CIK 0001512673

12 fiscal years · 0 SEC filings · every number carries its receipt

Revenue (FY)
$24.19B0.3%
FY2025
Net income (FY)
$1.31B54.9%
FY2025
Free cash flow (FY)
$2.42B56.1%
FY2025
Diluted EPS (FY)
$2.1053.9%
FY2025
The story, charted

The shape of the business

FY2014–FY2025 · hover any year for its receipt
Revenue & net incomeRevenueNet income
$0$10B$20BFY2014 · Revenue $850.2M · Net income −$154.1M · 0001628280-17-001754 · filed 2017-02-27FY14Revenue $850.2MNet income −$154.1M0001628280-17-001754 · filed 2017-02-27FY2015 · Revenue $1.27B · Net income −$179.8M · 0001512673-18-000004 · filed 2018-02-27FY15Revenue $1.27BNet income −$179.8M0001512673-18-000004 · filed 2018-02-27FY2016 · Revenue $1.71B · Net income −$171.6M · 0001512673-19-000003 · filed 2019-02-27FY16Revenue $1.71BNet income −$171.6M0001512673-19-000003 · filed 2019-02-27FY2017 · Revenue $2.21B · Net income −$62.8M · 0001628280-20-002303 · filed 2020-02-26FY17Revenue $2.21BNet income −$62.8M0001628280-20-002303 · filed 2020-02-26FY2018 · Revenue $3.21B · Net income −$38.5M · 0001512673-19-000003 · filed 2019-02-27 · 0001512673-21-000008 · filed 2021-02-23FY18Revenue $3.21BNet income −$38.5M0001512673-19-000003 · filed 2019-02-27 · 0001512673-21-000008 · filed 2021-02-23FY2019 · Revenue $4.71B · Net income $375.4M · 0001628280-22-003825 · filed 2022-02-24FY19Revenue $4.71BNet income $375.4M0001628280-22-003825 · filed 2022-02-24FY2020 · Revenue $9.50B · Net income $213.1M · 0001628280-23-004840 · filed 2023-02-23FY20Revenue $9.50BNet income $213.1M0001628280-23-004840 · filed 2023-02-23FY2021 · Revenue $17.66B · Net income $166.3M · 0001628280-24-006354 · filed 2024-02-22FY21Revenue $17.66BNet income $166.3M0001628280-24-006354 · filed 2024-02-22FY2022 · Revenue $17.53B · Net income −$540.7M · 0001628280-25-007376 · filed 2025-02-24FY22Revenue $17.53BNet income −$540.7M0001628280-25-007376 · filed 2025-02-24FY2023 · Revenue $21.92B · Net income $9.8M · 0001628280-26-012254 · filed 2026-02-26FY23Revenue $21.92BNet income $9.8M0001628280-26-012254 · filed 2026-02-26FY2024 · Revenue $24.12B · Net income $2.90B · 0001628280-26-012254 · filed 2026-02-26FY24Revenue $24.12BNet income $2.90B0001628280-26-012254 · filed 2026-02-26FY2025 · Revenue $24.19B · Net income $1.31B · 0001628280-26-012254 · filed 2026-02-26FY25Revenue $24.19BNet income $1.31B0001628280-26-012254 · filed 2026-02-26FY25Revenue $24.19BNet income $1.31B0001628280-26-012254 · filed 2026-02-26FY15FY17FY19FY21FY23FY25

revenue 28.5× since FY2014 · net margin -18.1% → 5.4%

MarginsNet marginFCF margin
-10%0%10%FY2014 · Net margin -18.1% · FCF margin -16.6%FY14Net margin -18.1%FCF margin -16.6%derived: net income ÷ revenue · derived: (ocf − capex) ÷ revenueFY2015 · Net margin -14.2% · FCF margin -1.3%FY15Net margin -14.2%FCF margin -1.3%derived: net income ÷ revenue · derived: (ocf − capex) ÷ revenueFY2016 · Net margin -10.0% · FCF margin -0.1%FY16Net margin -10.0%FCF margin -0.1%derived: net income ÷ revenue · derived: (ocf − capex) ÷ revenueFY2017 · Net margin -2.8% · FCF margin 4.6%FY17Net margin -2.8%FCF margin 4.6%derived: net income ÷ revenue · derived: (ocf − capex) ÷ revenueFY2018 · Net margin -1.2% · FCF margin 7.3%FY18Net margin -1.2%FCF margin 7.3%derived: net income ÷ revenue · derived: (ocf − capex) ÷ revenueFY2019 · Net margin 8.0% · FCF margin 5.6%FY19Net margin 8.0%FCF margin 5.6%derived: net income ÷ revenue · derived: (ocf − capex) ÷ revenueFY2020 · Net margin 2.2% · FCF margin 0.4%FY20Net margin 2.2%FCF margin 0.4%derived: net income ÷ revenue · derived: (ocf − capex) ÷ revenueFY2021 · Net margin 0.9% · FCF margin 4.0%FY21Net margin 0.9%FCF margin 4.0%derived: net income ÷ revenue · derived: (ocf − capex) ÷ revenueFY2022 · Net margin -3.1% · FCF margin 0.0%FY22Net margin -3.1%FCF margin 0.0%derived: net income ÷ revenue · derived: (ocf − capex) ÷ revenueFY2023 · Net margin 0.0% · FCF margin -0.2%FY23Net margin 0.0%FCF margin -0.2%derived: net income ÷ revenue · derived: (ocf − capex) ÷ revenueFY2024 · Net margin 12.0% · FCF margin 6.4%FY24Net margin 12.0%FCF margin 6.4%derived: net income ÷ revenue · derived: (ocf − capex) ÷ revenueFY2025 · Net margin 5.4% · FCF margin 10.0%FY25Net margin 5.4%FCF margin 10.0%derived: net income ÷ revenue · derived: (ocf − capex) ÷ revenueFY25Net margin 5.4%FCF margin 10.0%derived: net income ÷ revenue · derived: (ocf − capex) ÷ revenue’16’19’22’25

FY2025: net 5.4% · free cash flow 10.0% of revenue

Cash engineOperating cash flowFree cash flow
$0$1B$2BFY2014 · OCF −$112.4M · FCF −$141.2M · 0001628280-17-001754 · filed 2017-02-27FY14OCF −$112.4MFCF −$141.2M0001628280-17-001754 · filed 2017-02-27FY2015 · OCF $21.1M · FCF −$16.3M · 0001512673-18-000004 · filed 2018-02-27FY15OCF $21.1MFCF −$16.3M0001512673-18-000004 · filed 2018-02-27FY2016 · OCF $23.1M · FCF −$2.3M · 0001512673-19-000003 · filed 2019-02-27FY16OCF $23.1MFCF −$2.3M0001512673-19-000003 · filed 2019-02-27FY2017 · OCF $127.7M · FCF $101.6M · 0001628280-20-002303 · filed 2020-02-26FY17OCF $127.7MFCF $101.6M0001628280-20-002303 · filed 2020-02-26FY2018 · OCF $295.1M · FCF $233.9M · 0001512673-21-000008 · filed 2021-02-23FY18OCF $295.1MFCF $233.9M0001512673-21-000008 · filed 2021-02-23FY2019 · OCF $327.6M · FCF $265.1M · 0001628280-22-003825 · filed 2022-02-24FY19OCF $327.6MFCF $265.1M0001628280-22-003825 · filed 2022-02-24FY2020 · OCF $173.1M · FCF $34.7M · 0001628280-23-004840 · filed 2023-02-23FY20OCF $173.1MFCF $34.7M0001628280-23-004840 · filed 2023-02-23FY2021 · OCF $847.8M · FCF $713.5M · 0001628280-24-006354 · filed 2024-02-22FY21OCF $847.8MFCF $713.5M0001628280-24-006354 · filed 2024-02-22FY2022 · OCF $175.9M · FCF $5.1M · 0001628280-25-007376 · filed 2025-02-24FY22OCF $175.9MFCF $5.1M0001628280-25-007376 · filed 2025-02-24FY2023 · OCF $101.0M · FCF −$50.2M · 0001628280-26-012254 · filed 2026-02-26FY23OCF $101.0MFCF −$50.2M0001628280-26-012254 · filed 2026-02-26FY2024 · OCF $1.71B · FCF $1.55B · 0001628280-26-012254 · filed 2026-02-26FY24OCF $1.71BFCF $1.55B0001628280-26-012254 · filed 2026-02-26FY2025 · OCF $2.58B · FCF $2.42B · 0001628280-26-012254 · filed 2026-02-26FY25OCF $2.58BFCF $2.42B0001628280-26-012254 · filed 2026-02-26FY25OCF $2.58BFCF $2.42B0001628280-26-012254 · filed 2026-02-26’16’19’22’25

FY2025: $2.58B operating cash − $155.0M capex = $2.42B free cash flow

Returns on capitalReturn on equityReturn on assets
-20%0%20%FY2015 · ROE -35.4% · ROA -20.1%FY15ROE -35.4%ROA -20.1%derived: net income ÷ equity · derived: net income ÷ assetsFY2016 · ROE -29.8% · ROA -14.2%FY16ROE -29.8%ROA -14.2%derived: net income ÷ equity · derived: net income ÷ assetsFY2017 · ROE -8.0% · ROA -2.9%FY17ROE -8.0%ROA -2.9%derived: net income ÷ equity · derived: net income ÷ assetsFY2018 · ROE -3.4% · ROA -1.2%FY18ROE -3.4%ROA -1.2%derived: net income ÷ equity · derived: net income ÷ assetsFY2019 · ROE 21.9% · ROA 8.2%FY19ROE 21.9%ROA 8.2%derived: net income ÷ equity · derived: net income ÷ assetsFY2020 · ROE 7.9% · ROA 2.2%FY20ROE 7.9%ROA 2.2%derived: net income ÷ equity · derived: net income ÷ assetsFY2021 · ROE 5.1% · ROA 1.1%FY21ROE 5.1%ROA 1.1%derived: net income ÷ equity · derived: net income ÷ assetsFY2022 · ROE -3.1% · ROA -1.7%FY22ROE -3.1%ROA -1.7%derived: net income ÷ equity · derived: net income ÷ assetsFY2023 · ROE 0.1% · ROA 0.0%FY23ROE 0.1%ROA 0.0%derived: net income ÷ equity · derived: net income ÷ assetsFY2024 · ROE 13.6% · ROA 7.9%FY24ROE 13.6%ROA 7.9%derived: net income ÷ equity · derived: net income ÷ assetsFY2025 · ROE 5.9% · ROA 3.3%FY25ROE 5.9%ROA 3.3%derived: net income ÷ equity · derived: net income ÷ assetsFY25ROE 5.9%ROA 3.3%derived: net income ÷ equity · derived: net income ÷ assets’16’19’22’25

return on equity -35% (FY2015) → 6% (FY2025) · on assets 3.3%

Balance sheetLiabilitiesEquity
$0$20B$40BFY2015 · Liabilities $386.7M · Equity $508.0MFY15Liabilities $386.7MEquity $508.0M0001628280-17-001754 · filed 2017-02-27FY2016 · Liabilities $635.2M · Equity $576.2MFY16Liabilities $635.2MEquity $576.2M0001512673-18-000004 · filed 2018-02-27FY2017 · Liabilities $1.40B · Equity $786.3MFY17Liabilities $1.40BEquity $786.3M0001512673-19-000003 · filed 2019-02-27FY2018 · Liabilities $2.16B · Equity $1.12BFY18Liabilities $2.16BEquity $1.12B0001628280-20-002303 · filed 2020-02-26FY2019 · Liabilities $2.84B · Equity $1.72BFY19Liabilities $2.84BEquity $1.72B0001512673-21-000008 · filed 2021-02-23FY2020 · Liabilities $7.19B · Equity $2.68BFY20Liabilities $7.19BEquity $2.68B0001628280-22-003825 · filed 2022-02-24FY2021 · Liabilities $11.71B · Equity $3.27BFY21Liabilities $11.71BEquity $3.27B0001628280-23-004840 · filed 2023-02-23FY2022 · Liabilities $14.11B · Equity $17.22BFY22Liabilities $14.11BEquity $17.22B0001628280-24-006354 · filed 2024-02-22FY2023 · Liabilities $14.34B · Equity $18.70BFY23Liabilities $14.34BEquity $18.70B0001628280-25-007376 · filed 2025-02-24FY2024 · Liabilities $15.54B · Equity $21.27BFY24Liabilities $15.54BEquity $21.27B0001628280-26-012254 · filed 2026-02-26FY2025 · Liabilities $17.38B · Equity $22.20BFY25Liabilities $17.38BEquity $22.20B0001628280-26-012254 · filed 2026-02-26FY25Liabilities $17.38BEquity $22.20B0001628280-26-012254 · filed 2026-02-26’16’19’22’25

FY2025: $39.55B assets · $17.38B liabilities · $22.20B equity

The receipts