XYZNYSEServices-Prepackaged SoftwareFiscal year ends December 31Also trades as BSQKZ
Block, Inc.
Financials through Q2 FY2026, quarter ended Jun 30, 2026Last filing: 10-Q on Aug 5, 2026
$77.50−0.39 (-0.50%)
Close on Oct 19, 2026
- Market cap
- $47.19B
- P/E (TTM)
- 138.4
- Dividend yield
- –
Margins
Share of revenue, fiscal years 2013 to 2025
Gross margin
42.8%+14.0 pts over 5 years
Operating margin
7.1%+7.3 pts over 5 years
Net margin
5.4%+3.2 pts over 5 years
Growth rates
Compound annual growth to fiscal 2025
| Per year | 1 year | 3 years | 5 years | 10 years | Five-year pace |
|---|---|---|---|---|---|
| Revenue | +0.3% | +11.3% | +20.6% | +34.3% | |
| Gross profit | +16.5% | +20.0% | +30.5% | +39.5% | |
| Operating income | +91.5% | – | – | – | |
| Net income | -54.9% | – | +43.7% | – | |
| EPS, diluted | -53.9% | – | +36.7% | – | |
| Free cash flow | +56.1% | +681.1% | +133.8% | – |
Returns and balance sheet
10 fiscal years. Hover a measure to see how it is calculated.
| Measure | FY2016 | FY2020 | FY2025 | Trend |
|---|---|---|---|---|
| Return on equity | -31.7% | 9.7% | 6.0% | |
| Return on assets | -16.3% | 3.0% | 3.4% | |
| Current ratio | 1.73 | 1.88 | 2.20 | |
| Debt to equity | 0.00 | 0.96 | – | |
| Net debt to EBITDA | 3.68× | -33.74× | – | |
| Interest coverage | – | -0.3× | 6.7× | |
| Inventory turnover | 88.5× | 124.3× | 105.1× | |
| Capex to revenue | 1.5% | 1.5% | 0.6% | |
| Diluted shares | 342M | 482M | 623M |
Where the cash went
Fiscal 2021 to 2025, five years combined
Block generated $5.41B from operations and spent $4.42B on capital expenditure, dividends and share buybacks. 17% of that went back into the business.
Generated
$5.41B
Used
$4.42B
Capital expenditure$765.27M17%Dividends$00%Share buybacks$3.66B83%
DuPont analysis
Return on equity split into margin, efficiency and leverage
Net margin5.4%
×Asset turnover0.63×
×Equity multiplier1.76×
=Return on equity, FY20256.0%
| Fiscal year | Net margin | Asset turnover | Equity multiplier | Return on equity |
|---|---|---|---|---|
| FY2025 | 5.4% | 0.63× | 1.76× | 6.0% |
| FY2024 | 12.0% | 0.69× | 1.75× | 14.5% |
| FY2023 | 0.0% | 0.68× | 1.79× | 0.1% |
| FY2022 | -3.1% | 0.76× | 2.26× | -5.3% |
| FY2021 | 0.9% | 1.42× | 4.18× | 5.6% |
| FY2020 | 2.2% | 1.32× | 3.28× | 9.7% |
| FY2019 | 8.0% | 1.20× | 2.76× | 26.5% |
| FY2018 | -1.2% | 1.21× | 2.87× | -4.0% |
| FY2017 | -2.8% | 1.30× | 2.49× | -9.2% |
| FY2016 | -10.0% | 1.62× | 1.94× | -31.7% |
Piotroski F-Score
Nine tests of profitability, balance sheet and efficiency, fiscal 2025 against fiscal 2024
5of 8 tests passed in fiscal 2025. Some tests lack the figures they need.
- ProfitableNet income above zero$1.31B
- Cash generatingOperating cash flow above zero$2.58B
- Return on assets improvedROA up on the prior year8.8% → 3.6%
- Earnings backed by cashOperating cash flow above net income$2.58B vs $1.31B
- Less leverageLong-term debt to assets fell– → –
- Better liquidityCurrent ratio rose2.33 → 2.20
- No dilutionShare count did not rise636M → 623M
- Gross margin improvedGross margin up on the prior year36.85% → 42.82%
- More efficientAsset turnover rose0.73 → 0.66