Block, Inc. (XYZ) 10-Year Financial Performance & Capital Metrics

XYZ •

TechnologyInfrastructure SoftwarePayments and fintech infrastructure

AboutBlock, Inc., together with its subsidiaries, creates tools that enables sellers to accept card payments and provides reporting and analytics, and next-day settlement. It provides hardware products, including Magstripe reader, which enables swiped transactions of magnetic stripe cards; Contactless and chip reader that accepts Europay, MasterCard, and Visa (EMV) chip cards and Near Field Communication payments; Square Stand, which enables an iPad to be used as a payment terminal or full point of sale solution; Square Register that combines its hardware, point-of-sale software, and payments technology; Square Terminal, a payments device and receipt printer to replace traditional keypad terminals, which accepts tap, dip, and swipe payments. The company also offers various software products, including Square Point of Sale; Square Appointments; Square for Retail; Square for Restaurants; Square Online and Square Online Checkout; Square Invoices; Square Virtual Terminal; Square Team Management; Square Contracts; Square Loyalty, Marketing, and Gift Cards; and Square Dashboard. In addition, it offers a developer platform, which includes application programming interfaces and software development kits. Further, the company provides Cash App, which enables to send, spend, and store money; and Weebly that offers customers website hosting and domain name registration solutions. It serves in the United States, Canada, Japan, Australia, Ireland, France, Spain, and the United Kingdom. The company was formerly known as Square, Inc. and changed its name to Block, Inc. in December 2021. Block, Inc. was incorporated in 2009 and is based in San Francisco, California.Show more

Revenue $24.19B +0.3%
EBITDA $1.71B +34.7%
Net Income $1.3B -55.0%
EPS (Diluted) 2.10 -53.8%
Gross Margin 42.82% +16.2%
EBITDA Margin 7.06% +34.3%
Operating Margin 7.06% +90.9%
Net Margin 5.39% -55.1%
ROE 6.01% -58.6%
ROIC 6.44% +61.2%
Debt/Equity 0.33 -11.8%
Interest Coverage 13.21 -86.2%

Technical Analysis

Key Insights

Based on financial data analysis

✓Strengths

✓Strong 5Y profit CAGR of 43.7%
✓High quality earnings: Operating CF exceeds net income
✓Strong 5Y sales CAGR of 20.6%
✓Share count reduced 2.1% through buybacks

✗Weaknesses

No significant weaknesses identified

Price & Volume

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Growth Metrics

Revenue CAGR

10Y34.3%

5Y20.56%

3Y11.33%

TTM0.3%

Profit (Net Income) CAGR

10Y-

5Y43.66%

3Y-

TTM-54.98%

EPS CAGR

10Y-

5Y36.7%

3Y-

TTM-53.74%

ROCE

10Y Avg0.91%

5Y Avg2.9%

3Y Avg4.02%

Latest5.95%

Peer Comparison

Payments and fintech infrastructure

Name	Market Cap	Current Price	P/E Ratio	Revenue Growth 1Y	Net Margin	ROE	FCF Yield	Debt/Equity
KLARKlarna Group plc	5.12B	13.56	2023.88	21.17%	-9.29%	-10.65%	10.6%	0.35
AFRMAffirm Holdings, Inc.	15.27B	46.98	313.20	38.8%	9.66%	7.96%	3.94%	2.56
RELYRemitly Global, Inc.	3.5B	16.70	53.87	29.37%	1.36%	2.63%	8.46%	0.22
TOSTToast, Inc.	14.28B	27.31	48.77	24.05%	5.56%	16.1%	4.26%	0.02
DLODLocal Limited	2.03B	12.24	31.38	14.7%	17.8%	33.87%		0.11
XYZBlock, Inc.	38.35B	63.70	30.33	0.3%	5.39%	5.88%	6.32%	0.33
CSGSCSG Systems International, Inc.	2.31B	79.90	26.37	2.39%	7.17%	30.93%	4.91%	2.03
CPAYCorpay, Inc.	22.81B	325.10	23.27	5.77%	24.37%	25.52%	7.74%	2.54

Profit & Loss

	Dec 2016	Dec 2017	Dec 2018	Dec 2019	Dec 2020	Dec 2021	Dec 2022	Dec 2023	Dec 2024	Dec 2025
Sales/Revenue+	1.71B	2.21B	3.3B	4.71B	9.5B	17.66B	17.53B	21.92B	24.12B	24.19B
Revenue Growth %	34.85%	29.59%	48.95%	42.91%	101.5%	85.95%	-0.73%	25.01%	10.06%	0.3%
Cost of Goods Sold+	1.16B	1.41B	2.05B	2.89B	6.84B	13.35B	11.54B	14.58B	15.23B	13.83B
COGS % of Revenue	67.9%	63.47%	62.07%	61.35%	71.99%	75.61%	65.82%	66.55%	63.15%	57.18%
Gross Profit+	548.5M	808.76M	1.25B	1.82B	2.66B	4.31B	5.99B	7.33B	8.89B	10.36B
Gross Margin %	32.1%	36.53%	37.93%	38.65%	28.01%	24.39%	34.18%	33.45%	36.85%	42.82%
Gross Profit Growth %	53.65%	47.45%	54.67%	45.64%	46.04%	61.91%	39.1%	22.35%	21.26%	16.55%
Operating Expenses+	667.72M	795.95M	1.19B	1.67B	2.49B	3.85B	6.62B	6.7B	8B	8.65B
OpEx % of Revenue	39.08%	35.95%	36.22%	35.39%	26.23%	21.8%	37.74%	30.56%	33.15%	35.76%
Selling, General & Admin	412.37M	491.02M	730.57M	1.04B	1.66B	2.53B	3.74B	3.98B	4.13B	2B
SG&A % of Revenue	24.13%	22.18%	22.15%	22.16%	17.48%	14.32%	21.36%	18.15%	17.14%	8.26%
Research & Development	255.35M	304.93M	464.17M	623.82M	831.72M	1.32B	2.14B	2.72B	2.91B	0
R&D % of Revenue	14.94%	13.77%	14.07%	13.23%	8.76%	7.47%	12.18%	12.41%	12.08%	-
Other Operating Expenses	0	0	0	0	0	0	736.01M	0	948.93M	6.65B
Operating Income+	-119.22M	12.81M	56.16M	153.52M	168.91M	458.34M	-624.53M	632.83M	892.33M	1.71B
Operating Margin %	-6.98%	0.58%	1.7%	3.26%	1.78%	2.6%	-3.56%	2.89%	3.7%	7.06%
Operating Income Growth %	0.53%	110.75%	338.36%	173.34%	10.03%	171.35%	-236.26%	201.33%	41.01%	91.46%
EBITDA+	-81.47M	50.09M	117.12M	258.81M	323.37M	676.23M	-284.01M	1.04B	1.27B	1.71B
EBITDA Margin %	-4.77%	2.26%	3.55%	5.49%	3.4%	3.83%	-1.62%	4.75%	5.26%	7.06%
EBITDA Growth %	11.66%	161.48%	133.82%	120.97%	24.95%	109.12%	-142%	466.67%	21.8%	34.68%
D&A (Non-Cash Add-back)	37.74M	37.28M	60.96M	105.29M	154.47M	217.89M	340.52M	408.56M	376.13M	0
EBIT	-169.67M	-52.61M	-18.14M	399.73M	272.91M	190.59M	-27.28M	-29.14M	1.69B	1.71B
Net Interest Income+	533K	-10.05M	-17.98M	-21.52M	-56.94M	-33.12M	-36.23M	47.22M	-9.3M	-129.36M
Interest Income	533K	0	0	0	0	0	0	47.22M	0	0
Interest Expense	0	8.46M	17.98M	21.52M	56.94M	33.12M	36.23M	0	9.3M	129.36M
Other Income/Expense	-50.45M	-75.48M	-92.29M	224.7M	47.06M	-300.87M	59.22M	-661.97M	464.83M	-18.5M
Pretax Income+	-169.67M	-62.66M	-36.13M	378.21M	215.97M	157.46M	-565.32M	-29.14M	1.36B	1.69B
Pretax Margin %	-9.93%	-2.83%	-1.1%	8.02%	2.27%	0.89%	-3.22%	-0.13%	5.63%	6.98%
Income Tax+	1.92M	149K	2.33M	2.77M	2.86M	-1.36M	-12.31M	-8.02M	-1.51B	385.7M
Effective Tax Rate %	101.13%	100.24%	106.44%	99.27%	98.67%	105.6%	95.65%	-33.53%	213.46%	77.18%
Net Income+	-171.59M	-62.81M	-38.45M	375.45M	213.1M	166.28M	-540.75M	9.77M	2.9B	1.3B
Net Margin %	-10.04%	-2.84%	-1.17%	7.97%	2.24%	0.94%	-3.08%	0.04%	12.01%	5.39%
Net Income Growth %	4.58%	63.39%	38.78%	1076.38%	-43.24%	-21.97%	-425.19%	101.81%	29546.41%	-54.98%
Net Income (Continuing)	-171.59M	-62.81M	-38.45M	375.45M	213.1M	158.83M	-553M	-21.12M	2.87B	1.3B
Discontinued Operations	0	0	0	0	0	0	0	0	0	0
Minority Interest	0	0	0	0	0	40.73M	28.48M	-2.42M	-32.97M	-34.4M
EPS (Diluted)+	-0.50	-0.17	-0.09	0.81	0.44	0.33	-0.93	0.02	4.55	2.10
EPS Growth %	20.63%	66%	44.24%	954.43%	-45.68%	-25%	-381.82%	101.71%	28516.35%	-53.85%
EPS (Basic)	-0.50	-0.17	-0.09	0.88	0.48	0.36	-0.93	0.02	4.70	2.13
Diluted Shares Outstanding	341.56M	379.34M	405.73M	466.08M	482.17M	501.78M	578.95M	614.02M	636.39M	622.84M
Basic Shares Outstanding	341.56M	369.49M	405.73M	425M	443.13M	458.43M	578.95M	608.86M	616.99M	612.24M
Dividend Payout Ratio	-	-	-	-	-	-	-	-	-	-

Balance Sheet

	Dec 2016	Dec 2017	Dec 2018	Dec 2019	Dec 2020	Dec 2021	Dec 2022	Dec 2023	Dec 2024	Dec 2025
Total Current Assets+	1B	1.78B	2.11B	3.22B	7.76B	10.52B	15.62B	17.82B	19.88B	22.86B
Cash & Short-Term Investments	511.93M	866.05M	1.12B	2.22B	3.85B	8.14B	8.81B	9.42B	12.75B	7.08B
Cash Only	452.03M	696.47M	583.17M	1.72B	3.16B	4.44B	7.72B	8.17B	12.26B	6.56B
Short-Term Investments	59.9M	169.58M	540.99M	492.46M	695.11M	3.7B	1.08B	1.25B	491.39M	517.78M
Accounts Receivable	327.29M	629.13M	387.34M	689.84M	1.07B	2.1B	5.32B	7.19B	5.67B	4.03B
Days Sales Outstanding	69.91	103.71	42.87	53.42	41	43.39	110.85	119.81	85.79	60.8
Inventory	13.72M	16.78M	28.63M	47.68M	61.13M	77.06M	97.7M	110.1M	104.99M	0
Days Inventory Outstanding	4.32	4.36	5.1	6.02	3.26	2.11	3.09	2.76	2.52	-
Other Current Assets	141.11M	251.87M	549.99M	243.66M	2.75B	136.97M	1.23B	997.38M	1.23B	11.74B
Total Non-Current Assets+	209.94M	408.98M	1.17B	1.33B	2.11B	3.4B	15.74B	15.21B	16.9B	16.69B
Property, Plant & Equipment	88.33M	91.5M	142.4M	262.34M	690.41M	731.55M	702.47M	540.76M	534.39M	323.38M
Fixed Asset Turnover	19.35x	24.20x	23.16x	17.97x	13.76x	24.14x	24.96x	40.53x	45.14x	74.82x
Goodwill	57.17M	58.33M	261.7M	266.35M	316.7M	519.28M	11.97B	11.92B	11.42B	11.85B
Intangible Assets	19.29M	14.33M	77.1M	69.08M	137.61M	257.05M	2.01B	1.76B	1.43B	1.28B
Long-Term Investments	27.37M	228.67M	510.02M	647.3M	922.72M	1.76B	884.61M	796.29M	1.51B	0
Other Non-Current Assets	17.47M	15.63M	177.89M	86.39M	40.48M	139.62M	173.05M	184.92M	201.71M	1.94B
Total Assets+	1.21B	2.19B	3.28B	4.55B	9.87B	13.93B	31.36B	33.03B	36.78B	39.55B
Asset Turnover	1.41x	1.01x	1.01x	1.04x	0.96x	1.27x	0.56x	0.66x	0.66x	0.61x
Asset Growth %	35.38%	80.56%	50.01%	38.71%	116.85%	41.1%	125.23%	5.31%	11.34%	7.54%
Total Current Liabilities+	577.46M	972.83M	1.02B	1.69B	4.13B	5.44B	8.43B	8.88B	8.55B	10.38B
Accounts Payable	51.15M	131.55M	90.55M	137.95M	286.45M	336.78M	558.35M	142.55M	117.96M	301.64M
Days Payables Outstanding	16.09	34.16	16.14	17.41	15.29	9.21	17.66	3.57	2.83	7.96
Short-Term Debt	0	0	0	0	464.09M	497.99M	921.6M	753.03M	1.18B	1.57B
Deferred Revenue (Current)	5.41M	5.89M	31.47M	38.1M	44.91M	48.46M	141.89M	167.03M	241.88M	0
Other Current Liabilities	5.76M	10.92M	0	0	0	0	686.37M	316.37M	270.9M	6.97B
Current Ratio	1.73x	1.83x	2.07x	1.90x	1.88x	1.94x	1.85x	2.01x	2.33x	2.20x
Quick Ratio	1.71x	1.81x	2.05x	1.87x	1.87x	1.92x	1.84x	1.99x	2.31x	2.20x
Cash Conversion Cycle	58.14	73.9	31.83	42.03	28.97	36.29	96.28	119	85.48	-
Total Non-Current Liabilities+	57.74M	428.11M	1.14B	1.14B	3.06B	5.18B	5.68B	5.46B	7B	7B
Long-Term Debt	0	358.57M	899.7M	938.83M	2.59B	4.56B	4.99B	4.97B	6.4B	5.72B
Capital Lease Obligations	0	0	0	108.83M	389.66M	395.02M	357.42M	289.79M	278.62M	0
Deferred Tax Liabilities	0	0	0	0	0	0	132.5M	35.7M	162.44M	1.17M
Other Non-Current Liabilities	57.74M	69.54M	242.29M	88.23M	78.39M	222.85M	201.66M	154.97M	152.16M	1.28B
Total Liabilities	635.21M	1.4B	2.16B	2.84B	7.19B	10.61B	14.11B	14.34B	15.54B	17.38B
Total Debt+	0	358.57M	899.7M	1.07B	3.49B	5.52B	6.33B	6.07B	7.92B	7.29B
Net Debt	-452.03M	-337.9M	316.52M	-648.47M	335.37M	1.07B	-1.39B	-2.1B	-4.34B	724.93M
Debt / Equity	-	0.46x	0.80x	0.63x	1.30x	1.66x	0.37x	0.32x	0.37x	0.33x
Debt / EBITDA	-	7.16x	7.68x	4.15x	10.80x	8.16x	-	5.83x	6.24x	4.27x
Net Debt / EBITDA	-	-6.75x	2.70x	-2.51x	1.04x	1.59x	-	-2.01x	-3.42x	0.42x
Interest Coverage	-	1.51x	3.12x	7.13x	2.97x	13.84x	-17.24x	-	95.93x	13.21x
Total Equity+	576.15M	786.33M	1.12B	1.72B	2.68B	3.31B	17.25B	18.69B	21.23B	22.17B
Equity Growth %	13.41%	36.48%	42.5%	53.06%	56.36%	23.57%	420.62%	8.36%	13.6%	4.4%
Book Value per Share	1.69	2.07	2.76	3.68	5.56	6.60	29.80	30.44	33.37	35.59
Total Shareholders' Equity	576.15M	786.33M	1.12B	1.72B	2.68B	3.27B	17.22B	18.7B	21.27B	22.2B
Common Stock	0	0	0	0	0	0	0	0	0	0
Retained Earnings	-779.24M	-842.74M	-885.77M	-510.33M	-297.22M	-27.96M	-568.71M	-528.43M	2.37B	3.67B
Treasury Stock	0	0	0	0	0	0	0	0	0	0
Accumulated OCI	-1.99M	-1.32M	-6.05M	1.63M	23.33M	-16.43M	-523.09M	-378.31M	-1B	-365.38M
Minority Interest	0	0	0	0	0	40.73M	28.48M	-2.42M	-32.97M	-34.4M

Cash Flow

	Dec 2016	Dec 2017	Dec 2018	Dec 2019	Dec 2020	Dec 2021	Dec 2022	Dec 2023	Dec 2024	Dec 2025
Cash from Operations+	23.13M	127.71M	295.08M	327.63M	173.11M	847.83M	175.9M	100.96M	1.71B	2.58B
Operating CF Margin %	1.35%	5.77%	8.95%	6.95%	1.82%	4.8%	1%	0.46%	7.08%	10.66%
Operating CF Growth %	9.51%	452.12%	131.05%	11.03%	-47.16%	389.76%	-79.25%	-42.6%	1591.1%	51.09%
Net Income	-171.59M	-62.81M	-38.45M	375.45M	213.1M	158.83M	-553M	-21.12M	2.9B	1.3B
Depreciation & Amortization	37.74M	37.28M	60.96M	75.6M	84.21M	134.76M	340.52M	408.56M	376.13M	-768.38M
Stock-Based Compensation	138.79M	155.84M	216.88M	297.86M	397.8M	608.04M	1.07B	1.28B	1.27B	1.22B
Deferred Taxes	58K	-1.39M	-646K	-1.38M	-8.02M	-10.44M	-69.59M	-85.88M	0	335.04M
Other Non-Cash Items	10.58M	42.12M	72.42M	-269.04M	-504.82M	178.04M	-13.36M	-791.43M	-2.25B	493.36M
Working Capital Changes	7.55M	-43.33M	-16.08M	-150.86M	-9.17M	-221.4M	-599.94M	-685.26M	-590.18M	0
Change in Receivables	-178.41M	-305.83M	245.79M	-326.6M	-473.87M	-346.22M	-1.5B	-1.11B	1.95B	0
Change in Inventory	59.81M	-10.23M	-34.92M	0	0	0	0	0	0	0
Change in Payables	170.3M	369.93M	-45.05M	223.22M	1.88B	186.8M	1.27B	802.54M	-1.86B	0
Cash from Investing+	-122.73M	-340.61M	-905.85M	95.19M	-606.64M	-1.31B	1.23B	683.2M	649.95M	-2.8B
Capital Expenditures	-25.43M	-26.1M	-61.2M	-62.5M	-138.4M	-134.32M	-170.81M	-151.15M	-153.95M	-155.04M
CapEx % of Revenue	1.49%	1.18%	1.86%	1.33%	1.46%	0.76%	0.97%	0.69%	0.64%	0.64%
Acquisitions	-1.36M	-1.92M	-112.4M	288.95M	-79.22M	-163.97M	539.45M	0	0	0
Investments	-	-	-	-	-	-	-	-	-	-
Other Investing	-104K	0	-1.58M	0	-50M	-170M	-169.4M	272.86M	603.98M	14.87B
Cash from Financing+	90.74M	454.93M	515.75M	243.4M	3.68B	2.65B	97.58M	-240.14M	1.95B	0
Debt Issued (Net)	-168K	428.25M	636.28M	0	2.58B	2.01B	-323.14M	-209.02M	1.93B	0
Equity Issued (Net)	0	0	0	0	0	0	0	-1000K	-1000K	0
Dividends Paid	0	0	0	0	0	0	0	0	0	0
Share Repurchases	0	0	0	0	0	0	0	-156.81M	-1.17B	0
Other Financing	90.91M	26.68M	-120.52M	243.4M	1.1B	646.77M	420.72M	125.7M	1.2B	0
Net Change in Cash	-807K	246.34M	-102.23M	670.07M	3.26B	2.18B	1.46B	573.18M	4.22B	0
Free Cash Flow+	-2.7M	101.61M	232.29M	265.13M	-15.29M	543.51M	5.09M	-50.19M	1.55B	2.42B
FCF Margin %	-0.16%	4.59%	7.04%	5.62%	-0.16%	3.08%	0.03%	-0.23%	6.44%	10.02%
FCF Growth %	84.64%	3860.7%	128.6%	14.14%	-105.77%	3654.21%	-99.06%	-1086.44%	3195.04%	56.09%
FCF per Share	-0.01	0.27	0.57	0.57	-0.03	1.08	0.01	-0.08	2.44	3.89
FCF Conversion (FCF/Net Income)	-0.13x	-2.03x	-7.67x	0.87x	0.81x	5.10x	-0.33x	10.33x	0.59x	1.98x
Interest Paid	0	0	0	0	0	0	84.88M	130.01M	205.78M	0
Taxes Paid	0	0	0	0	0	0	39.05M	81.38M	270.31M	0

Key Ratios

Metric	2016	2017	2018	2019	2020	2021	2022	2023	2024	2025
Return on Equity (ROE)	-31.65%	-9.22%	-4.03%	26.48%	9.69%	5.55%	-5.26%	0.05%	14.51%	6.01%
Return on Invested Capital (ROIC)	-104.67%	3.36%	4.47%	9.2%	6.2%	9.29%	-4.63%	2.92%	4%	6.44%
Gross Margin	32.1%	36.53%	37.93%	38.65%	28.01%	24.39%	34.18%	33.45%	36.85%	42.82%
Net Margin	-10.04%	-2.84%	-1.17%	7.97%	2.24%	0.94%	-3.08%	0.04%	12.01%	5.39%
Debt / Equity	-	0.46x	0.80x	0.63x	1.30x	1.66x	0.37x	0.32x	0.37x	0.33x
Interest Coverage	-	1.51x	3.12x	7.13x	2.97x	13.84x	-17.24x	-	95.93x	13.21x
FCF Conversion	-0.13x	-2.03x	-7.67x	0.87x	0.81x	5.10x	-0.33x	10.33x	0.59x	1.98x
Revenue Growth	34.85%	29.59%	48.95%	42.91%	101.5%	85.95%	-0.73%	25.01%	10.06%	0.3%

US Stock Screener

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Block, Inc. (XYZ) 10-Year Financial Performance & Capital Metrics

XYZ •

TechnologyInfrastructure SoftwarePayments and fintech infrastructure

Revenue $24.19B +0.3%
EBITDA $1.71B +34.7%
Net Income $1.3B -55.0%
EPS (Diluted) 2.10 -53.8%
Gross Margin 42.82% +16.2%
EBITDA Margin 7.06% +34.3%
Operating Margin 7.06% +90.9%
Net Margin 5.39% -55.1%
ROE 6.01% -58.6%
ROIC 6.44% +61.2%
Debt/Equity 0.33 -11.8%
Interest Coverage 13.21 -86.2%

Technical Analysis

Key Insights

Based on financial data analysis

✓Strengths

✓Strong 5Y profit CAGR of 43.7%
✓High quality earnings: Operating CF exceeds net income
✓Strong 5Y sales CAGR of 20.6%
✓Share count reduced 2.1% through buybacks

✗Weaknesses

No significant weaknesses identified

Price & Volume

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Growth Metrics

Revenue CAGR

10Y34.3%

5Y20.56%

3Y11.33%

TTM0.3%

Profit (Net Income) CAGR

10Y-

5Y43.66%

3Y-

TTM-54.98%

EPS CAGR

10Y-

5Y36.7%

3Y-

TTM-53.74%

ROCE

10Y Avg0.91%

5Y Avg2.9%

3Y Avg4.02%

Latest5.95%

Peer Comparison

Payments and fintech infrastructure

Name	Market Cap	Current Price	P/E Ratio	Revenue Growth 1Y	Net Margin	ROE	FCF Yield	Debt/Equity
KLARKlarna Group plc	5.12B	13.56	2023.88	21.17%	-9.29%	-10.65%	10.6%	0.35
AFRMAffirm Holdings, Inc.	15.27B	46.98	313.20	38.8%	9.66%	7.96%	3.94%	2.56
RELYRemitly Global, Inc.	3.5B	16.70	53.87	29.37%	1.36%	2.63%	8.46%	0.22
TOSTToast, Inc.	14.28B	27.31	48.77	24.05%	5.56%	16.1%	4.26%	0.02
DLODLocal Limited	2.03B	12.24	31.38	14.7%	17.8%	33.87%		0.11
XYZBlock, Inc.	38.35B	63.70	30.33	0.3%	5.39%	5.88%	6.32%	0.33
CSGSCSG Systems International, Inc.	2.31B	79.90	26.37	2.39%	7.17%	30.93%	4.91%	2.03
CPAYCorpay, Inc.	22.81B	325.10	23.27	5.77%	24.37%	25.52%	7.74%	2.54

Profit & Loss

	Dec 2016	Dec 2017	Dec 2018	Dec 2019	Dec 2020	Dec 2021	Dec 2022	Dec 2023	Dec 2024	Dec 2025
Sales/Revenue+	1.71B	2.21B	3.3B	4.71B	9.5B	17.66B	17.53B	21.92B	24.12B	24.19B
Revenue Growth %	34.85%	29.59%	48.95%	42.91%	101.5%	85.95%	-0.73%	25.01%	10.06%	0.3%
Cost of Goods Sold+	1.16B	1.41B	2.05B	2.89B	6.84B	13.35B	11.54B	14.58B	15.23B	13.83B
COGS % of Revenue	67.9%	63.47%	62.07%	61.35%	71.99%	75.61%	65.82%	66.55%	63.15%	57.18%
Gross Profit+	548.5M	808.76M	1.25B	1.82B	2.66B	4.31B	5.99B	7.33B	8.89B	10.36B
Gross Margin %	32.1%	36.53%	37.93%	38.65%	28.01%	24.39%	34.18%	33.45%	36.85%	42.82%
Gross Profit Growth %	53.65%	47.45%	54.67%	45.64%	46.04%	61.91%	39.1%	22.35%	21.26%	16.55%
Operating Expenses+	667.72M	795.95M	1.19B	1.67B	2.49B	3.85B	6.62B	6.7B	8B	8.65B
OpEx % of Revenue	39.08%	35.95%	36.22%	35.39%	26.23%	21.8%	37.74%	30.56%	33.15%	35.76%
Selling, General & Admin	412.37M	491.02M	730.57M	1.04B	1.66B	2.53B	3.74B	3.98B	4.13B	2B
SG&A % of Revenue	24.13%	22.18%	22.15%	22.16%	17.48%	14.32%	21.36%	18.15%	17.14%	8.26%
Research & Development	255.35M	304.93M	464.17M	623.82M	831.72M	1.32B	2.14B	2.72B	2.91B	0
R&D % of Revenue	14.94%	13.77%	14.07%	13.23%	8.76%	7.47%	12.18%	12.41%	12.08%	-
Other Operating Expenses	0	0	0	0	0	0	736.01M	0	948.93M	6.65B
Operating Income+	-119.22M	12.81M	56.16M	153.52M	168.91M	458.34M	-624.53M	632.83M	892.33M	1.71B
Operating Margin %	-6.98%	0.58%	1.7%	3.26%	1.78%	2.6%	-3.56%	2.89%	3.7%	7.06%
Operating Income Growth %	0.53%	110.75%	338.36%	173.34%	10.03%	171.35%	-236.26%	201.33%	41.01%	91.46%
EBITDA+	-81.47M	50.09M	117.12M	258.81M	323.37M	676.23M	-284.01M	1.04B	1.27B	1.71B
EBITDA Margin %	-4.77%	2.26%	3.55%	5.49%	3.4%	3.83%	-1.62%	4.75%	5.26%	7.06%
EBITDA Growth %	11.66%	161.48%	133.82%	120.97%	24.95%	109.12%	-142%	466.67%	21.8%	34.68%
D&A (Non-Cash Add-back)	37.74M	37.28M	60.96M	105.29M	154.47M	217.89M	340.52M	408.56M	376.13M	0
EBIT	-169.67M	-52.61M	-18.14M	399.73M	272.91M	190.59M	-27.28M	-29.14M	1.69B	1.71B
Net Interest Income+	533K	-10.05M	-17.98M	-21.52M	-56.94M	-33.12M	-36.23M	47.22M	-9.3M	-129.36M
Interest Income	533K	0	0	0	0	0	0	47.22M	0	0
Interest Expense	0	8.46M	17.98M	21.52M	56.94M	33.12M	36.23M	0	9.3M	129.36M
Other Income/Expense	-50.45M	-75.48M	-92.29M	224.7M	47.06M	-300.87M	59.22M	-661.97M	464.83M	-18.5M
Pretax Income+	-169.67M	-62.66M	-36.13M	378.21M	215.97M	157.46M	-565.32M	-29.14M	1.36B	1.69B
Pretax Margin %	-9.93%	-2.83%	-1.1%	8.02%	2.27%	0.89%	-3.22%	-0.13%	5.63%	6.98%
Income Tax+	1.92M	149K	2.33M	2.77M	2.86M	-1.36M	-12.31M	-8.02M	-1.51B	385.7M
Effective Tax Rate %	101.13%	100.24%	106.44%	99.27%	98.67%	105.6%	95.65%	-33.53%	213.46%	77.18%
Net Income+	-171.59M	-62.81M	-38.45M	375.45M	213.1M	166.28M	-540.75M	9.77M	2.9B	1.3B
Net Margin %	-10.04%	-2.84%	-1.17%	7.97%	2.24%	0.94%	-3.08%	0.04%	12.01%	5.39%
Net Income Growth %	4.58%	63.39%	38.78%	1076.38%	-43.24%	-21.97%	-425.19%	101.81%	29546.41%	-54.98%
Net Income (Continuing)	-171.59M	-62.81M	-38.45M	375.45M	213.1M	158.83M	-553M	-21.12M	2.87B	1.3B
Discontinued Operations	0	0	0	0	0	0	0	0	0	0
Minority Interest	0	0	0	0	0	40.73M	28.48M	-2.42M	-32.97M	-34.4M
EPS (Diluted)+	-0.50	-0.17	-0.09	0.81	0.44	0.33	-0.93	0.02	4.55	2.10
EPS Growth %	20.63%	66%	44.24%	954.43%	-45.68%	-25%	-381.82%	101.71%	28516.35%	-53.85%
EPS (Basic)	-0.50	-0.17	-0.09	0.88	0.48	0.36	-0.93	0.02	4.70	2.13
Diluted Shares Outstanding	341.56M	379.34M	405.73M	466.08M	482.17M	501.78M	578.95M	614.02M	636.39M	622.84M
Basic Shares Outstanding	341.56M	369.49M	405.73M	425M	443.13M	458.43M	578.95M	608.86M	616.99M	612.24M
Dividend Payout Ratio	-	-	-	-	-	-	-	-	-	-

Balance Sheet

	Dec 2016	Dec 2017	Dec 2018	Dec 2019	Dec 2020	Dec 2021	Dec 2022	Dec 2023	Dec 2024	Dec 2025
Total Current Assets+	1B	1.78B	2.11B	3.22B	7.76B	10.52B	15.62B	17.82B	19.88B	22.86B
Cash & Short-Term Investments	511.93M	866.05M	1.12B	2.22B	3.85B	8.14B	8.81B	9.42B	12.75B	7.08B
Cash Only	452.03M	696.47M	583.17M	1.72B	3.16B	4.44B	7.72B	8.17B	12.26B	6.56B
Short-Term Investments	59.9M	169.58M	540.99M	492.46M	695.11M	3.7B	1.08B	1.25B	491.39M	517.78M
Accounts Receivable	327.29M	629.13M	387.34M	689.84M	1.07B	2.1B	5.32B	7.19B	5.67B	4.03B
Days Sales Outstanding	69.91	103.71	42.87	53.42	41	43.39	110.85	119.81	85.79	60.8
Inventory	13.72M	16.78M	28.63M	47.68M	61.13M	77.06M	97.7M	110.1M	104.99M	0
Days Inventory Outstanding	4.32	4.36	5.1	6.02	3.26	2.11	3.09	2.76	2.52	-
Other Current Assets	141.11M	251.87M	549.99M	243.66M	2.75B	136.97M	1.23B	997.38M	1.23B	11.74B
Total Non-Current Assets+	209.94M	408.98M	1.17B	1.33B	2.11B	3.4B	15.74B	15.21B	16.9B	16.69B
Property, Plant & Equipment	88.33M	91.5M	142.4M	262.34M	690.41M	731.55M	702.47M	540.76M	534.39M	323.38M
Fixed Asset Turnover	19.35x	24.20x	23.16x	17.97x	13.76x	24.14x	24.96x	40.53x	45.14x	74.82x
Goodwill	57.17M	58.33M	261.7M	266.35M	316.7M	519.28M	11.97B	11.92B	11.42B	11.85B
Intangible Assets	19.29M	14.33M	77.1M	69.08M	137.61M	257.05M	2.01B	1.76B	1.43B	1.28B
Long-Term Investments	27.37M	228.67M	510.02M	647.3M	922.72M	1.76B	884.61M	796.29M	1.51B	0
Other Non-Current Assets	17.47M	15.63M	177.89M	86.39M	40.48M	139.62M	173.05M	184.92M	201.71M	1.94B
Total Assets+	1.21B	2.19B	3.28B	4.55B	9.87B	13.93B	31.36B	33.03B	36.78B	39.55B
Asset Turnover	1.41x	1.01x	1.01x	1.04x	0.96x	1.27x	0.56x	0.66x	0.66x	0.61x
Asset Growth %	35.38%	80.56%	50.01%	38.71%	116.85%	41.1%	125.23%	5.31%	11.34%	7.54%
Total Current Liabilities+	577.46M	972.83M	1.02B	1.69B	4.13B	5.44B	8.43B	8.88B	8.55B	10.38B
Accounts Payable	51.15M	131.55M	90.55M	137.95M	286.45M	336.78M	558.35M	142.55M	117.96M	301.64M
Days Payables Outstanding	16.09	34.16	16.14	17.41	15.29	9.21	17.66	3.57	2.83	7.96
Short-Term Debt	0	0	0	0	464.09M	497.99M	921.6M	753.03M	1.18B	1.57B
Deferred Revenue (Current)	5.41M	5.89M	31.47M	38.1M	44.91M	48.46M	141.89M	167.03M	241.88M	0
Other Current Liabilities	5.76M	10.92M	0	0	0	0	686.37M	316.37M	270.9M	6.97B
Current Ratio	1.73x	1.83x	2.07x	1.90x	1.88x	1.94x	1.85x	2.01x	2.33x	2.20x
Quick Ratio	1.71x	1.81x	2.05x	1.87x	1.87x	1.92x	1.84x	1.99x	2.31x	2.20x
Cash Conversion Cycle	58.14	73.9	31.83	42.03	28.97	36.29	96.28	119	85.48	-
Total Non-Current Liabilities+	57.74M	428.11M	1.14B	1.14B	3.06B	5.18B	5.68B	5.46B	7B	7B
Long-Term Debt	0	358.57M	899.7M	938.83M	2.59B	4.56B	4.99B	4.97B	6.4B	5.72B
Capital Lease Obligations	0	0	0	108.83M	389.66M	395.02M	357.42M	289.79M	278.62M	0
Deferred Tax Liabilities	0	0	0	0	0	0	132.5M	35.7M	162.44M	1.17M
Other Non-Current Liabilities	57.74M	69.54M	242.29M	88.23M	78.39M	222.85M	201.66M	154.97M	152.16M	1.28B
Total Liabilities	635.21M	1.4B	2.16B	2.84B	7.19B	10.61B	14.11B	14.34B	15.54B	17.38B
Total Debt+	0	358.57M	899.7M	1.07B	3.49B	5.52B	6.33B	6.07B	7.92B	7.29B
Net Debt	-452.03M	-337.9M	316.52M	-648.47M	335.37M	1.07B	-1.39B	-2.1B	-4.34B	724.93M
Debt / Equity	-	0.46x	0.80x	0.63x	1.30x	1.66x	0.37x	0.32x	0.37x	0.33x
Debt / EBITDA	-	7.16x	7.68x	4.15x	10.80x	8.16x	-	5.83x	6.24x	4.27x
Net Debt / EBITDA	-	-6.75x	2.70x	-2.51x	1.04x	1.59x	-	-2.01x	-3.42x	0.42x
Interest Coverage	-	1.51x	3.12x	7.13x	2.97x	13.84x	-17.24x	-	95.93x	13.21x
Total Equity+	576.15M	786.33M	1.12B	1.72B	2.68B	3.31B	17.25B	18.69B	21.23B	22.17B
Equity Growth %	13.41%	36.48%	42.5%	53.06%	56.36%	23.57%	420.62%	8.36%	13.6%	4.4%
Book Value per Share	1.69	2.07	2.76	3.68	5.56	6.60	29.80	30.44	33.37	35.59
Total Shareholders' Equity	576.15M	786.33M	1.12B	1.72B	2.68B	3.27B	17.22B	18.7B	21.27B	22.2B
Common Stock	0	0	0	0	0	0	0	0	0	0
Retained Earnings	-779.24M	-842.74M	-885.77M	-510.33M	-297.22M	-27.96M	-568.71M	-528.43M	2.37B	3.67B
Treasury Stock	0	0	0	0	0	0	0	0	0	0
Accumulated OCI	-1.99M	-1.32M	-6.05M	1.63M	23.33M	-16.43M	-523.09M	-378.31M	-1B	-365.38M
Minority Interest	0	0	0	0	0	40.73M	28.48M	-2.42M	-32.97M	-34.4M

Cash Flow

	Dec 2016	Dec 2017	Dec 2018	Dec 2019	Dec 2020	Dec 2021	Dec 2022	Dec 2023	Dec 2024	Dec 2025
Cash from Operations+	23.13M	127.71M	295.08M	327.63M	173.11M	847.83M	175.9M	100.96M	1.71B	2.58B
Operating CF Margin %	1.35%	5.77%	8.95%	6.95%	1.82%	4.8%	1%	0.46%	7.08%	10.66%
Operating CF Growth %	9.51%	452.12%	131.05%	11.03%	-47.16%	389.76%	-79.25%	-42.6%	1591.1%	51.09%
Net Income	-171.59M	-62.81M	-38.45M	375.45M	213.1M	158.83M	-553M	-21.12M	2.9B	1.3B
Depreciation & Amortization	37.74M	37.28M	60.96M	75.6M	84.21M	134.76M	340.52M	408.56M	376.13M	-768.38M
Stock-Based Compensation	138.79M	155.84M	216.88M	297.86M	397.8M	608.04M	1.07B	1.28B	1.27B	1.22B
Deferred Taxes	58K	-1.39M	-646K	-1.38M	-8.02M	-10.44M	-69.59M	-85.88M	0	335.04M
Other Non-Cash Items	10.58M	42.12M	72.42M	-269.04M	-504.82M	178.04M	-13.36M	-791.43M	-2.25B	493.36M
Working Capital Changes	7.55M	-43.33M	-16.08M	-150.86M	-9.17M	-221.4M	-599.94M	-685.26M	-590.18M	0
Change in Receivables	-178.41M	-305.83M	245.79M	-326.6M	-473.87M	-346.22M	-1.5B	-1.11B	1.95B	0
Change in Inventory	59.81M	-10.23M	-34.92M	0	0	0	0	0	0	0
Change in Payables	170.3M	369.93M	-45.05M	223.22M	1.88B	186.8M	1.27B	802.54M	-1.86B	0
Cash from Investing+	-122.73M	-340.61M	-905.85M	95.19M	-606.64M	-1.31B	1.23B	683.2M	649.95M	-2.8B
Capital Expenditures	-25.43M	-26.1M	-61.2M	-62.5M	-138.4M	-134.32M	-170.81M	-151.15M	-153.95M	-155.04M
CapEx % of Revenue	1.49%	1.18%	1.86%	1.33%	1.46%	0.76%	0.97%	0.69%	0.64%	0.64%
Acquisitions	-1.36M	-1.92M	-112.4M	288.95M	-79.22M	-163.97M	539.45M	0	0	0
Investments	-	-	-	-	-	-	-	-	-	-
Other Investing	-104K	0	-1.58M	0	-50M	-170M	-169.4M	272.86M	603.98M	14.87B
Cash from Financing+	90.74M	454.93M	515.75M	243.4M	3.68B	2.65B	97.58M	-240.14M	1.95B	0
Debt Issued (Net)	-168K	428.25M	636.28M	0	2.58B	2.01B	-323.14M	-209.02M	1.93B	0
Equity Issued (Net)	0	0	0	0	0	0	0	-1000K	-1000K	0
Dividends Paid	0	0	0	0	0	0	0	0	0	0
Share Repurchases	0	0	0	0	0	0	0	-156.81M	-1.17B	0
Other Financing	90.91M	26.68M	-120.52M	243.4M	1.1B	646.77M	420.72M	125.7M	1.2B	0
Net Change in Cash	-807K	246.34M	-102.23M	670.07M	3.26B	2.18B	1.46B	573.18M	4.22B	0
Free Cash Flow+	-2.7M	101.61M	232.29M	265.13M	-15.29M	543.51M	5.09M	-50.19M	1.55B	2.42B
FCF Margin %	-0.16%	4.59%	7.04%	5.62%	-0.16%	3.08%	0.03%	-0.23%	6.44%	10.02%
FCF Growth %	84.64%	3860.7%	128.6%	14.14%	-105.77%	3654.21%	-99.06%	-1086.44%	3195.04%	56.09%
FCF per Share	-0.01	0.27	0.57	0.57	-0.03	1.08	0.01	-0.08	2.44	3.89
FCF Conversion (FCF/Net Income)	-0.13x	-2.03x	-7.67x	0.87x	0.81x	5.10x	-0.33x	10.33x	0.59x	1.98x
Interest Paid	0	0	0	0	0	0	84.88M	130.01M	205.78M	0
Taxes Paid	0	0	0	0	0	0	39.05M	81.38M	270.31M	0

Key Ratios

Metric	2016	2017	2018	2019	2020	2021	2022	2023	2024	2025
Return on Equity (ROE)	-31.65%	-9.22%	-4.03%	26.48%	9.69%	5.55%	-5.26%	0.05%	14.51%	6.01%
Return on Invested Capital (ROIC)	-104.67%	3.36%	4.47%	9.2%	6.2%	9.29%	-4.63%	2.92%	4%	6.44%
Gross Margin	32.1%	36.53%	37.93%	38.65%	28.01%	24.39%	34.18%	33.45%	36.85%	42.82%
Net Margin	-10.04%	-2.84%	-1.17%	7.97%	2.24%	0.94%	-3.08%	0.04%	12.01%	5.39%
Debt / Equity	-	0.46x	0.80x	0.63x	1.30x	1.66x	0.37x	0.32x	0.37x	0.33x
Interest Coverage	-	1.51x	3.12x	7.13x	2.97x	13.84x	-17.24x	-	95.93x	13.21x
FCF Conversion	-0.13x	-2.03x	-7.67x	0.87x	0.81x	5.10x	-0.33x	10.33x	0.59x	1.98x
Revenue Growth	34.85%	29.59%	48.95%	42.91%	101.5%	85.95%	-0.73%	25.01%	10.06%	0.3%

Block, Inc. (XYZ) 10-Year Financial Performance & Capital Metrics

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Price & Volume

Growth Metrics

Revenue CAGR

Profit (Net Income) CAGR

EPS CAGR

ROCE

Peer Comparison

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Revenue History

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Block, Inc. (XYZ) 10-Year Financial Performance & Capital Metrics

Key Insights

✓Strengths

✗Weaknesses

Price & Volume

Growth Metrics

Revenue CAGR

Profit (Net Income) CAGR

EPS CAGR

ROCE

Peer Comparison

Compare XYZ vs Peers

vs CPAY

vs AFRM

Compare Top 5

Profit & Loss

Balance Sheet

Cash Flow

Key Ratios

Deep Dive Analysis

Valuation Overview

Total Return Calculator

Dividend History

Earnings History

Price History

Revenue History

Financial Ratios