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

XYZ • • Industrial / General

TechnologyInfrastructure SoftwarePayment Processing & Digital CommerceEnterprise Payment Processors

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 $24.12B +10.1%
EBITDA $1.27B +21.8%
Net Income $2.9B +29546.4%
EPS (Diluted) 4.55 +28516.4%
Gross Margin 36.85% +10.2%
EBITDA Margin 5.26% +10.7%
Operating Margin 3.7% +28.1%
Net Margin 12.01% +26829.1%
ROE 14.51% +26575.4%
ROIC 3.65% +37.0%
Debt/Equity 0.37 +14.8%
Interest Coverage 95.93

Technical Analysis

Key Insights

Based on financial data analysis

✓Strengths

✓Strong 5Y profit CAGR of 50.5%
✓Strong 5Y sales CAGR of 38.6%

✗Weaknesses

✗Weak 3Y average ROE of 3.1%
✗Trading more than 30% below 52-week high

Price & Volume

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Growth Metrics

Revenue CAGR

10Y39.73%

5Y38.62%

3Y10.95%

TTM0.47%

Profit (Net Income) CAGR

10Y-

5Y50.48%

3Y159.24%

TTM177.73%

EPS CAGR

10Y-

5Y41.22%

3Y139.79%

TTM178.09%

ROCE

10Y Avg-2.32%

5Y Avg2.5%

3Y Avg0.71%

Latest3.41%

Peer Comparison

Enterprise Payment Processors

Name	Market Cap	Current Price	P/E Ratio	Revenue Growth 1Y	Net Margin	ROE	FCF Yield	Debt/Equity
TOSTToast, Inc.	17.39B	33.76	1048.45	28.33%	4.66%	13.56%	1.76%	0.02
DLODLocal Limited	2.42B	14.59	37.41	14.7%	17.8%	33.87%		0.11
IIIVi3 Verticals, Inc.	615.36M	25.67	36.67	-7.29%	55.87%	25.96%	0.93%	0.01
ACIWACI Worldwide, Inc.	4.48B	43.49	22.77	9.76%	15.07%	17.64%	7.66%	0.67
FOURShift4 Payments, Inc.	4.45B	65.91	21.75	29.86%	5.02%	8.73%	6.97%	2.83
WEXWEX Inc.	5.51B	160.57	21.41	3.15%	10.81%	25.38%	6.07%	2.99
EVTCEVERTEC, Inc.	1.93B	30.12	17.41	21.7%	16.17%	20.63%	8.91%	1.86
XYZBlock, Inc.	35.55B	64.92	14.27	10.06%	13.08%	13.95%	4.37%	0.37

Profit & Loss

	Dec 2015	Dec 2016	Dec 2017	Dec 2018	Dec 2019	Dec 2020	Dec 2021	Dec 2022	Dec 2023	Dec 2024
Sales/Revenue+	1.27B	1.71B	2.21B	3.3B	4.71B	9.5B	17.66B	17.53B	21.92B	24.12B
Revenue Growth %	0.49%	0.35%	0.3%	0.49%	0.43%	1.01%	0.86%	-0.01%	0.25%	0.1%
Cost of Goods Sold+	910.14M	1.16B	1.41B	2.05B	2.89B	6.84B	13.35B	11.54B	14.58B	15.23B
COGS % of Revenue	0.72%	0.68%	0.63%	0.62%	0.61%	0.72%	0.76%	0.66%	0.67%	0.63%
Gross Profit+	356.97M	548.5M	808.76M	1.25B	1.82B	2.66B	4.31B	5.99B	7.33B	8.89B
Gross Margin %	0.28%	0.32%	0.37%	0.38%	0.39%	0.28%	0.24%	0.34%	0.33%	0.37%
Gross Profit Growth %	0.64%	0.54%	0.47%	0.55%	0.46%	0.46%	0.62%	0.39%	0.22%	0.21%
Operating Expenses+	476.82M	667.72M	795.95M	1.19B	1.67B	2.49B	3.85B	6.62B	6.7B	8B
OpEx % of Revenue	0.38%	0.39%	0.36%	0.36%	0.35%	0.26%	0.22%	0.38%	0.31%	0.33%
Selling, General & Admin	288.48M	412.37M	491.02M	730.57M	1.04B	1.66B	2.53B	3.74B	3.98B	4.13B
SG&A % of Revenue	0.23%	0.24%	0.22%	0.22%	0.22%	0.17%	0.14%	0.21%	0.18%	0.17%
Research & Development	188.34M	255.35M	304.93M	464.17M	623.82M	831.72M	1.32B	2.14B	2.72B	2.91B
R&D % of Revenue	0.15%	0.15%	0.14%	0.14%	0.13%	0.09%	0.07%	0.12%	0.12%	0.12%
Other Operating Expenses	0	0	0	0	0	0	0	736.01M	0	948.93M
Operating Income+	-119.85M	-119.22M	12.81M	56.16M	153.52M	168.91M	458.34M	-624.53M	632.83M	892.33M
Operating Margin %	-0.09%	-0.07%	0.01%	0.02%	0.03%	0.02%	0.03%	-0.04%	0.03%	0.04%
Operating Income Growth %	0.05%	0.01%	1.11%	3.38%	1.73%	0.1%	1.71%	-2.36%	2.01%	0.41%
EBITDA+	-92.22M	-81.47M	50.09M	117.12M	258.81M	323.37M	676.23M	-284.01M	1.04B	1.27B
EBITDA Margin %	-0.07%	-0.05%	0.02%	0.04%	0.05%	0.03%	0.04%	-0.02%	0.05%	0.05%
EBITDA Growth %	0.14%	0.12%	1.61%	1.34%	1.21%	0.25%	1.09%	-1.42%	4.67%	0.22%
D&A (Non-Cash Add-back)	27.63M	37.74M	37.28M	60.96M	105.29M	154.47M	217.89M	340.52M	408.56M	376.13M
EBIT	-174.91M	-169.67M	-52.61M	-18.14M	399.73M	272.91M	190.59M	-27.28M	-29.14M	1.69B
Net Interest Income+	1.61M	533K	-10.05M	-17.98M	-21.52M	-56.94M	-33.12M	-36.23M	47.22M	-9.3M
Interest Income	1.61M	533K	0	0	0	0	0	0	47.22M	0
Interest Expense	0	0	8.46M	17.98M	21.52M	56.94M	33.12M	36.23M	0	9.3M
Other Income/Expense	-56.22M	-50.45M	-75.48M	-92.29M	224.7M	47.06M	-300.87M	59.22M	-661.97M	464.83M
Pretax Income+	-176.07M	-169.67M	-62.66M	-36.13M	378.21M	215.97M	157.46M	-565.32M	-29.14M	1.36B
Pretax Margin %	-0.14%	-0.1%	-0.03%	-0.01%	0.08%	0.02%	0.01%	-0.03%	-0%	0.06%
Income Tax+	3.75M	1.92M	149K	2.33M	2.77M	2.86M	-1.36M	-12.31M	-8.02M	-1.51B
Effective Tax Rate %	1.02%	1.01%	1%	1.06%	0.99%	0.99%	1.06%	0.96%	-0.34%	2.13%
Net Income+	-179.82M	-171.59M	-62.81M	-38.45M	375.45M	213.1M	166.28M	-540.75M	9.77M	2.9B
Net Margin %	-0.14%	-0.1%	-0.03%	-0.01%	0.08%	0.02%	0.01%	-0.03%	0%	0.12%
Net Income Growth %	-0.17%	0.05%	0.63%	0.39%	10.76%	-0.43%	-0.22%	-4.25%	1.02%	295.46%
Net Income (Continuing)	-179.82M	-171.59M	-62.81M	-38.45M	375.45M	213.1M	158.83M	-553M	-21.12M	2.87B
Discontinued Operations	0	0	0	0	0	0	0	0	0	0
Minority Interest	0	0	0	0	0	0	40.73M	28.48M	-2.42M	-32.97M
EPS (Diluted)+	-0.63	-0.50	-0.17	-0.09	0.81	0.44	0.33	-0.93	0.02	4.55
EPS Growth %	-0.17%	0.21%	0.66%	0.44%	9.54%	-0.46%	-0.25%	-3.82%	1.02%	285.16%
EPS (Basic)	-0.63	-0.50	-0.17	-0.09	0.88	0.48	0.36	-0.93	0.02	4.70
Diluted Shares Outstanding	327.13M	341.56M	379.34M	405.73M	466.08M	482.17M	501.78M	578.95M	614.02M	636.39M
Basic Shares Outstanding	327.13M	341.56M	369.49M	405.73M	425M	443.13M	458.43M	578.95M	608.86M	616.99M
Dividend Payout Ratio	-	-	-	-	-	-	-	-	-	-

Balance Sheet

	Dec 2015	Dec 2016	Dec 2017	Dec 2018	Dec 2019	Dec 2020	Dec 2021	Dec 2022	Dec 2023	Dec 2024
Total Current Assets+	705.56M	1B	1.78B	2.11B	3.22B	7.76B	10.52B	15.62B	17.82B	19.88B
Cash & Short-Term Investments	461.33M	511.93M	866.05M	1.12B	2.22B	3.85B	8.14B	8.81B	6.25B	12.75B
Cash Only	461.33M	452.03M	696.47M	583.17M	1.72B	3.16B	4.44B	7.72B	5B	12.26B
Short-Term Investments	0	59.9M	169.58M	540.99M	492.46M	695.11M	3.7B	1.08B	1.25B	491.39M
Accounts Receivable	147.53M	327.29M	629.13M	387.34M	689.84M	1.07B	2.1B	5.32B	5.81B	5.67B
Days Sales Outstanding	42.5	69.91	103.71	42.87	53.42	41	43.39	110.85	96.69	85.79
Inventory	11.86M	13.72M	16.78M	28.63M	47.68M	61.13M	77.06M	97.7M	110.1M	104.99M
Days Inventory Outstanding	4.76	4.32	4.36	5.1	6.02	3.26	2.11	3.09	2.76	2.52
Other Current Assets	77.73M	141.11M	251.87M	549.99M	243.66M	2.75B	136.97M	1.23B	5.56B	1.23B
Total Non-Current Assets+	189.21M	209.94M	408.98M	1.17B	1.33B	2.11B	3.4B	15.74B	15.21B	16.9B
Property, Plant & Equipment	87.22M	88.33M	91.5M	142.4M	262.34M	690.41M	731.55M	702.47M	540.76M	534.39M
Fixed Asset Turnover	14.53x	19.35x	24.20x	23.16x	17.97x	13.76x	24.14x	24.96x	40.53x	45.14x
Goodwill	56.7M	57.17M	58.33M	261.7M	266.35M	316.7M	519.28M	11.97B	11.92B	11.42B
Intangible Assets	26.78M	19.29M	14.33M	77.1M	69.08M	137.61M	257.05M	2.01B	1.76B	1.43B
Long-Term Investments	0	27.37M	228.67M	510.02M	647.3M	922.72M	1.76B	884.61M	796.29M	1.51B
Other Non-Current Assets	18.32M	17.47M	15.63M	177.89M	86.39M	40.48M	139.62M	173.05M	184.92M	201.71M
Total Assets+	894.77M	1.21B	2.19B	3.28B	4.55B	9.87B	13.93B	31.36B	33.03B	36.78B
Asset Turnover	1.42x	1.41x	1.01x	1.01x	1.04x	0.96x	1.27x	0.56x	0.66x	0.66x
Asset Growth %	0.65%	0.35%	0.81%	0.5%	0.39%	1.17%	0.41%	1.25%	0.05%	0.11%
Total Current Liabilities+	334.2M	577.46M	972.83M	1.02B	1.69B	4.13B	5.44B	8.43B	8.88B	8.55B
Accounts Payable	13.11M	51.15M	131.55M	90.55M	137.95M	286.45M	336.78M	558.35M	142.55M	117.96M
Days Payables Outstanding	5.26	16.09	34.16	16.14	17.41	15.29	9.21	17.66	3.57	2.83
Short-Term Debt	0	0	0	0	0	464.09M	497.99M	921.6M	753.03M	1.18B
Deferred Revenue (Current)	1000K	1000K	1000K	1000K	1000K	1000K	1000K	1000K	1000K	1000K
Other Current Liabilities	17.6M	5.76M	10.92M	0	0	0	0	686.37M	316.37M	270.9M
Current Ratio	2.11x	1.73x	1.83x	2.07x	1.90x	1.88x	1.94x	1.85x	2.01x	2.33x
Quick Ratio	2.08x	1.71x	1.81x	2.05x	1.87x	1.87x	1.92x	1.84x	1.99x	2.31x
Cash Conversion Cycle	42	58.14	73.9	31.83	42.03	28.97	36.29	96.28	95.88	85.48
Total Non-Current Liabilities+	52.52M	57.74M	428.11M	1.14B	1.14B	3.06B	5.18B	5.68B	5.46B	7B
Long-Term Debt	0	0	358.57M	899.7M	938.83M	2.59B	4.56B	4.99B	4.97B	6.4B
Capital Lease Obligations	0	0	0	0	108.83M	389.66M	395.02M	357.42M	289.79M	278.62M
Deferred Tax Liabilities	0	0	0	0	0	0	0	132.5M	35.7M	162.44M
Other Non-Current Liabilities	52.52M	57.74M	69.54M	242.29M	88.23M	78.39M	222.85M	201.66M	154.97M	152.16M
Total Liabilities	386.72M	635.21M	1.4B	2.16B	2.84B	7.19B	10.61B	14.11B	14.34B	15.54B
Total Debt+	0	0	358.57M	899.7M	1.07B	3.49B	5.52B	6.33B	6.07B	7.92B
Net Debt	-461.33M	-452.03M	-337.9M	316.52M	-648.47M	335.37M	1.07B	-1.39B	1.08B	-4.34B
Debt / Equity	-	-	0.46x	0.80x	0.63x	1.30x	1.66x	0.37x	0.32x	0.37x
Debt / EBITDA	-	-	7.16x	7.68x	4.15x	10.80x	8.16x	-	5.83x	6.24x
Net Debt / EBITDA	-	-	-6.75x	2.70x	-2.51x	1.04x	1.59x	-	1.03x	-3.42x
Interest Coverage	-	-	1.51x	3.12x	7.13x	2.97x	13.84x	-17.24x	-	95.93x
Total Equity+	508.05M	576.15M	786.33M	1.12B	1.72B	2.68B	3.31B	17.25B	18.69B	21.23B
Equity Growth %	0.86%	0.13%	0.36%	0.42%	0.53%	0.56%	0.24%	4.21%	0.08%	0.14%
Book Value per Share	1.55	1.69	2.07	2.76	3.68	5.56	6.60	29.80	30.44	33.37
Total Shareholders' Equity	508.05M	576.15M	786.33M	1.12B	1.72B	2.68B	3.27B	17.22B	18.7B	21.27B
Common Stock	0	0	0	0	0	0	0	0	0	0
Retained Earnings	-607.65M	-779.24M	-842.74M	-885.77M	-510.33M	-297.22M	-27.96M	-568.71M	-528.43M	2.37B
Treasury Stock	0	0	0	0	0	0	0	0	0	0
Accumulated OCI	-1.19M	-1.99M	-1.32M	-6.05M	1.63M	23.33M	-16.43M	-523.09M	-378.31M	-1B
Minority Interest	0	0	0	0	0	0	40.73M	28.48M	-2.42M	-32.97M

Cash Flow

	Dec 2015	Dec 2016	Dec 2017	Dec 2018	Dec 2019	Dec 2020	Dec 2021	Dec 2022	Dec 2023	Dec 2024
Cash from Operations+	21.12M	23.13M	127.71M	295.08M	327.63M	173.11M	847.83M	175.9M	100.96M	1.71B
Operating CF Margin %	0.02%	0.01%	0.06%	0.09%	0.07%	0.02%	0.05%	0.01%	0%	0.07%
Operating CF Growth %	1.19%	0.1%	4.52%	1.31%	0.11%	-0.47%	3.9%	-0.79%	-0.43%	15.91%
Net Income	-179.82M	-171.59M	-62.81M	-38.45M	375.45M	213.1M	158.83M	-553M	-21.12M	2.9B
Depreciation & Amortization	27.63M	37.74M	37.28M	60.96M	75.6M	84.21M	134.76M	340.52M	408.56M	376.13M
Stock-Based Compensation	82.29M	138.79M	155.84M	216.88M	297.86M	397.8M	608.04M	1.07B	1.28B	1.27B
Deferred Taxes	26K	58K	-1.39M	-646K	-1.38M	-8.02M	-10.44M	-69.59M	-85.88M	0
Other Non-Cash Items	48.79M	10.58M	42.12M	72.42M	-269.04M	-504.82M	178.04M	-13.36M	-791.43M	-2.25B
Working Capital Changes	48.67M	7.55M	-43.33M	-16.08M	-150.86M	-9.17M	-221.4M	-599.94M	-685.26M	-590.18M
Change in Receivables	-27.42M	-178.41M	-305.83M	245.79M	-326.6M	-473.87M	-346.22M	-1.5B	-1.11B	1.95B
Change in Inventory	14.57M	59.81M	-10.23M	-34.92M	0	0	0	0	0	0
Change in Payables	83.84M	170.3M	369.93M	-45.05M	223.22M	1.88B	186.8M	1.27B	802.54M	-1.86B
Cash from Investing+	-45.1M	-122.73M	-340.61M	-905.85M	95.19M	-606.64M	-1.31B	1.23B	683.2M	649.95M
Capital Expenditures	-37.43M	-25.43M	-26.1M	-61.2M	-62.5M	-138.4M	-134.32M	-170.81M	-151.15M	-153.95M
CapEx % of Revenue	0.03%	0.01%	0.01%	0.02%	0.01%	0.01%	0.01%	0.01%	0.01%	0.01%
Acquisitions	-	-	-	-	-	-	-	-	-	-
Investments	-	-	-	-	-	-	-	-	-	-
Other Investing	-1.29M	-104K	0	-1.58M	0	-50M	-170M	-169.4M	272.86M	603.98M
Cash from Financing+	264.76M	90.74M	454.93M	515.75M	243.4M	3.68B	2.65B	97.58M	-240.14M	1.95B
Debt Issued (Net)	-	-	-	-	-	-	-	-	-	-
Equity Issued (Net)	-	-	-	-	-	-	-	-	-	-
Dividends Paid	0	0	0	0	0	0	0	0	0	0
Share Repurchases	-	-	-	-	-	-	-	-	-	-
Other Financing	13.55M	90.91M	26.68M	-120.52M	243.4M	1.1B	646.77M	420.72M	125.7M	1.2B
Net Change in Cash	-	-	-	-	-	-	-	-	-	-
Free Cash Flow+	-17.59M	-2.7M	101.61M	232.29M	265.13M	-15.29M	543.51M	5.09M	-50.19M	1.55B
FCF Margin %	-0.01%	-0%	0.05%	0.07%	0.06%	-0%	0.03%	0%	-0%	0.06%
FCF Growth %	0.88%	0.85%	38.61%	1.29%	0.14%	-1.06%	36.54%	-0.99%	-10.86%	31.95%
FCF per Share	-0.05	-0.01	0.27	0.57	0.57	-0.03	1.08	0.01	-0.08	2.44
FCF Conversion (FCF/Net Income)	-0.12x	-0.13x	-2.03x	-7.67x	0.87x	0.81x	5.10x	-0.33x	10.33x	0.59x
Interest Paid	0	0	0	0	0	0	0	84.88M	130.01M	205.78M
Taxes Paid	0	0	0	0	0	0	0	39.05M	81.38M	270.31M

Key Ratios

Metric	2015	2016	2017	2018	2019	2020	2021	2022	2023	2024
Return on Equity (ROE)	-46.01%	-31.65%	-9.22%	-4.03%	26.48%	9.69%	5.55%	-5.26%	0.05%	14.51%
Return on Invested Capital (ROIC)	-143.71%	-104.67%	3.36%	4.47%	9.2%	6.2%	9.29%	-4.63%	2.66%	3.65%
Gross Margin	28.17%	32.1%	36.53%	37.93%	38.65%	28.01%	24.39%	34.18%	33.45%	36.85%
Net Margin	-14.19%	-10.04%	-2.84%	-1.17%	7.97%	2.24%	0.94%	-3.08%	0.04%	12.01%
Debt / Equity	-	-	0.46x	0.80x	0.63x	1.30x	1.66x	0.37x	0.32x	0.37x
Interest Coverage	-	-	1.51x	3.12x	7.13x	2.97x	13.84x	-17.24x	-	95.93x
FCF Conversion	-0.12x	-0.13x	-2.03x	-7.67x	0.87x	0.81x	5.10x	-0.33x	10.33x	0.59x
Revenue Growth	49.04%	34.85%	29.59%	48.95%	42.91%	101.5%	85.95%	-0.73%	25.01%	10.06%

Revenue by Segment

	2022	2023	2024
Cryptocurrency Denominated Assets	7.11B	9.5B	10.2B
Cryptocurrency Denominated Assets Growth	-	33.54%	7.38%
Software and Data Products	4.55B	5.94B	7.16B
Software and Data Products Growth	-	30.58%	20.52%
Transaction	5.7B	6.32B	6.61B
Transaction Growth	-	10.76%	4.72%
Hardware	164.42M	157.18M	143.37M
Hardware Growth	-	-4.40%	-8.79%

Revenue by Geography

	2022	2023	2024
UNITED STATES	16.31B	20.42B	22.35B
UNITED STATES Growth	-	25.14%	9.48%
Non-US	1.22B	1.5B	1.77B
Non-US Growth	-	23.20%	18.01%

Frequently Asked Questions

Valuation & Price

Block, Inc. (XYZ) has a price-to-earnings (P/E) ratio of 14.3x. This may indicate the stock is undervalued or faces growth challenges.

Growth & Financials

Block, Inc. (XYZ) reported $23.97B in revenue for fiscal year 2024. This represents a 4240% increase from $552.4M in 2013.

Block, Inc. (XYZ) grew revenue by 10.1% over the past year. This is steady growth.

Yes, Block, Inc. (XYZ) is profitable, generating $3.14B in net income for fiscal year 2024 (12.0% net margin).

Dividend & Returns

Block, Inc. (XYZ) has a return on equity (ROE) of 14.5%. This is reasonable for most industries.

Block, Inc. (XYZ) generated $1.83B in free cash flow for fiscal year 2024. Positive FCF indicates the company can fund dividends, buybacks, or reinvestment.

US Stock Screener

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

XYZ • • Industrial / General

TechnologyInfrastructure SoftwarePayment Processing & Digital CommerceEnterprise Payment Processors

Revenue $24.12B +10.1%
EBITDA $1.27B +21.8%
Net Income $2.9B +29546.4%
EPS (Diluted) 4.55 +28516.4%
Gross Margin 36.85% +10.2%
EBITDA Margin 5.26% +10.7%
Operating Margin 3.7% +28.1%
Net Margin 12.01% +26829.1%
ROE 14.51% +26575.4%
ROIC 3.65% +37.0%
Debt/Equity 0.37 +14.8%
Interest Coverage 95.93

Technical Analysis

Key Insights

Based on financial data analysis

✓Strengths

✓Strong 5Y profit CAGR of 50.5%
✓Strong 5Y sales CAGR of 38.6%

✗Weaknesses

✗Weak 3Y average ROE of 3.1%
✗Trading more than 30% below 52-week high

Price & Volume

Loading chart...

Growth Metrics

Revenue CAGR

10Y39.73%

5Y38.62%

3Y10.95%

TTM0.47%

Profit (Net Income) CAGR

10Y-

5Y50.48%

3Y159.24%

TTM177.73%

EPS CAGR

10Y-

5Y41.22%

3Y139.79%

TTM178.09%

ROCE

10Y Avg-2.32%

5Y Avg2.5%

3Y Avg0.71%

Latest3.41%

Peer Comparison

Enterprise Payment Processors

Name	Market Cap	Current Price	P/E Ratio	Revenue Growth 1Y	Net Margin	ROE	FCF Yield	Debt/Equity
TOSTToast, Inc.	17.39B	33.76	1048.45	28.33%	4.66%	13.56%	1.76%	0.02
DLODLocal Limited	2.42B	14.59	37.41	14.7%	17.8%	33.87%		0.11
IIIVi3 Verticals, Inc.	615.36M	25.67	36.67	-7.29%	55.87%	25.96%	0.93%	0.01
ACIWACI Worldwide, Inc.	4.48B	43.49	22.77	9.76%	15.07%	17.64%	7.66%	0.67
FOURShift4 Payments, Inc.	4.45B	65.91	21.75	29.86%	5.02%	8.73%	6.97%	2.83
WEXWEX Inc.	5.51B	160.57	21.41	3.15%	10.81%	25.38%	6.07%	2.99
EVTCEVERTEC, Inc.	1.93B	30.12	17.41	21.7%	16.17%	20.63%	8.91%	1.86
XYZBlock, Inc.	35.55B	64.92	14.27	10.06%	13.08%	13.95%	4.37%	0.37

Profit & Loss

	Dec 2015	Dec 2016	Dec 2017	Dec 2018	Dec 2019	Dec 2020	Dec 2021	Dec 2022	Dec 2023	Dec 2024
Sales/Revenue+	1.27B	1.71B	2.21B	3.3B	4.71B	9.5B	17.66B	17.53B	21.92B	24.12B
Revenue Growth %	0.49%	0.35%	0.3%	0.49%	0.43%	1.01%	0.86%	-0.01%	0.25%	0.1%
Cost of Goods Sold+	910.14M	1.16B	1.41B	2.05B	2.89B	6.84B	13.35B	11.54B	14.58B	15.23B
COGS % of Revenue	0.72%	0.68%	0.63%	0.62%	0.61%	0.72%	0.76%	0.66%	0.67%	0.63%
Gross Profit+	356.97M	548.5M	808.76M	1.25B	1.82B	2.66B	4.31B	5.99B	7.33B	8.89B
Gross Margin %	0.28%	0.32%	0.37%	0.38%	0.39%	0.28%	0.24%	0.34%	0.33%	0.37%
Gross Profit Growth %	0.64%	0.54%	0.47%	0.55%	0.46%	0.46%	0.62%	0.39%	0.22%	0.21%
Operating Expenses+	476.82M	667.72M	795.95M	1.19B	1.67B	2.49B	3.85B	6.62B	6.7B	8B
OpEx % of Revenue	0.38%	0.39%	0.36%	0.36%	0.35%	0.26%	0.22%	0.38%	0.31%	0.33%
Selling, General & Admin	288.48M	412.37M	491.02M	730.57M	1.04B	1.66B	2.53B	3.74B	3.98B	4.13B
SG&A % of Revenue	0.23%	0.24%	0.22%	0.22%	0.22%	0.17%	0.14%	0.21%	0.18%	0.17%
Research & Development	188.34M	255.35M	304.93M	464.17M	623.82M	831.72M	1.32B	2.14B	2.72B	2.91B
R&D % of Revenue	0.15%	0.15%	0.14%	0.14%	0.13%	0.09%	0.07%	0.12%	0.12%	0.12%
Other Operating Expenses	0	0	0	0	0	0	0	736.01M	0	948.93M
Operating Income+	-119.85M	-119.22M	12.81M	56.16M	153.52M	168.91M	458.34M	-624.53M	632.83M	892.33M
Operating Margin %	-0.09%	-0.07%	0.01%	0.02%	0.03%	0.02%	0.03%	-0.04%	0.03%	0.04%
Operating Income Growth %	0.05%	0.01%	1.11%	3.38%	1.73%	0.1%	1.71%	-2.36%	2.01%	0.41%
EBITDA+	-92.22M	-81.47M	50.09M	117.12M	258.81M	323.37M	676.23M	-284.01M	1.04B	1.27B
EBITDA Margin %	-0.07%	-0.05%	0.02%	0.04%	0.05%	0.03%	0.04%	-0.02%	0.05%	0.05%
EBITDA Growth %	0.14%	0.12%	1.61%	1.34%	1.21%	0.25%	1.09%	-1.42%	4.67%	0.22%
D&A (Non-Cash Add-back)	27.63M	37.74M	37.28M	60.96M	105.29M	154.47M	217.89M	340.52M	408.56M	376.13M
EBIT	-174.91M	-169.67M	-52.61M	-18.14M	399.73M	272.91M	190.59M	-27.28M	-29.14M	1.69B
Net Interest Income+	1.61M	533K	-10.05M	-17.98M	-21.52M	-56.94M	-33.12M	-36.23M	47.22M	-9.3M
Interest Income	1.61M	533K	0	0	0	0	0	0	47.22M	0
Interest Expense	0	0	8.46M	17.98M	21.52M	56.94M	33.12M	36.23M	0	9.3M
Other Income/Expense	-56.22M	-50.45M	-75.48M	-92.29M	224.7M	47.06M	-300.87M	59.22M	-661.97M	464.83M
Pretax Income+	-176.07M	-169.67M	-62.66M	-36.13M	378.21M	215.97M	157.46M	-565.32M	-29.14M	1.36B
Pretax Margin %	-0.14%	-0.1%	-0.03%	-0.01%	0.08%	0.02%	0.01%	-0.03%	-0%	0.06%
Income Tax+	3.75M	1.92M	149K	2.33M	2.77M	2.86M	-1.36M	-12.31M	-8.02M	-1.51B
Effective Tax Rate %	1.02%	1.01%	1%	1.06%	0.99%	0.99%	1.06%	0.96%	-0.34%	2.13%
Net Income+	-179.82M	-171.59M	-62.81M	-38.45M	375.45M	213.1M	166.28M	-540.75M	9.77M	2.9B
Net Margin %	-0.14%	-0.1%	-0.03%	-0.01%	0.08%	0.02%	0.01%	-0.03%	0%	0.12%
Net Income Growth %	-0.17%	0.05%	0.63%	0.39%	10.76%	-0.43%	-0.22%	-4.25%	1.02%	295.46%
Net Income (Continuing)	-179.82M	-171.59M	-62.81M	-38.45M	375.45M	213.1M	158.83M	-553M	-21.12M	2.87B
Discontinued Operations	0	0	0	0	0	0	0	0	0	0
Minority Interest	0	0	0	0	0	0	40.73M	28.48M	-2.42M	-32.97M
EPS (Diluted)+	-0.63	-0.50	-0.17	-0.09	0.81	0.44	0.33	-0.93	0.02	4.55
EPS Growth %	-0.17%	0.21%	0.66%	0.44%	9.54%	-0.46%	-0.25%	-3.82%	1.02%	285.16%
EPS (Basic)	-0.63	-0.50	-0.17	-0.09	0.88	0.48	0.36	-0.93	0.02	4.70
Diluted Shares Outstanding	327.13M	341.56M	379.34M	405.73M	466.08M	482.17M	501.78M	578.95M	614.02M	636.39M
Basic Shares Outstanding	327.13M	341.56M	369.49M	405.73M	425M	443.13M	458.43M	578.95M	608.86M	616.99M
Dividend Payout Ratio	-	-	-	-	-	-	-	-	-	-

Balance Sheet

	Dec 2015	Dec 2016	Dec 2017	Dec 2018	Dec 2019	Dec 2020	Dec 2021	Dec 2022	Dec 2023	Dec 2024
Total Current Assets+	705.56M	1B	1.78B	2.11B	3.22B	7.76B	10.52B	15.62B	17.82B	19.88B
Cash & Short-Term Investments	461.33M	511.93M	866.05M	1.12B	2.22B	3.85B	8.14B	8.81B	6.25B	12.75B
Cash Only	461.33M	452.03M	696.47M	583.17M	1.72B	3.16B	4.44B	7.72B	5B	12.26B
Short-Term Investments	0	59.9M	169.58M	540.99M	492.46M	695.11M	3.7B	1.08B	1.25B	491.39M
Accounts Receivable	147.53M	327.29M	629.13M	387.34M	689.84M	1.07B	2.1B	5.32B	5.81B	5.67B
Days Sales Outstanding	42.5	69.91	103.71	42.87	53.42	41	43.39	110.85	96.69	85.79
Inventory	11.86M	13.72M	16.78M	28.63M	47.68M	61.13M	77.06M	97.7M	110.1M	104.99M
Days Inventory Outstanding	4.76	4.32	4.36	5.1	6.02	3.26	2.11	3.09	2.76	2.52
Other Current Assets	77.73M	141.11M	251.87M	549.99M	243.66M	2.75B	136.97M	1.23B	5.56B	1.23B
Total Non-Current Assets+	189.21M	209.94M	408.98M	1.17B	1.33B	2.11B	3.4B	15.74B	15.21B	16.9B
Property, Plant & Equipment	87.22M	88.33M	91.5M	142.4M	262.34M	690.41M	731.55M	702.47M	540.76M	534.39M
Fixed Asset Turnover	14.53x	19.35x	24.20x	23.16x	17.97x	13.76x	24.14x	24.96x	40.53x	45.14x
Goodwill	56.7M	57.17M	58.33M	261.7M	266.35M	316.7M	519.28M	11.97B	11.92B	11.42B
Intangible Assets	26.78M	19.29M	14.33M	77.1M	69.08M	137.61M	257.05M	2.01B	1.76B	1.43B
Long-Term Investments	0	27.37M	228.67M	510.02M	647.3M	922.72M	1.76B	884.61M	796.29M	1.51B
Other Non-Current Assets	18.32M	17.47M	15.63M	177.89M	86.39M	40.48M	139.62M	173.05M	184.92M	201.71M
Total Assets+	894.77M	1.21B	2.19B	3.28B	4.55B	9.87B	13.93B	31.36B	33.03B	36.78B
Asset Turnover	1.42x	1.41x	1.01x	1.01x	1.04x	0.96x	1.27x	0.56x	0.66x	0.66x
Asset Growth %	0.65%	0.35%	0.81%	0.5%	0.39%	1.17%	0.41%	1.25%	0.05%	0.11%
Total Current Liabilities+	334.2M	577.46M	972.83M	1.02B	1.69B	4.13B	5.44B	8.43B	8.88B	8.55B
Accounts Payable	13.11M	51.15M	131.55M	90.55M	137.95M	286.45M	336.78M	558.35M	142.55M	117.96M
Days Payables Outstanding	5.26	16.09	34.16	16.14	17.41	15.29	9.21	17.66	3.57	2.83
Short-Term Debt	0	0	0	0	0	464.09M	497.99M	921.6M	753.03M	1.18B
Deferred Revenue (Current)	1000K	1000K	1000K	1000K	1000K	1000K	1000K	1000K	1000K	1000K
Other Current Liabilities	17.6M	5.76M	10.92M	0	0	0	0	686.37M	316.37M	270.9M
Current Ratio	2.11x	1.73x	1.83x	2.07x	1.90x	1.88x	1.94x	1.85x	2.01x	2.33x
Quick Ratio	2.08x	1.71x	1.81x	2.05x	1.87x	1.87x	1.92x	1.84x	1.99x	2.31x
Cash Conversion Cycle	42	58.14	73.9	31.83	42.03	28.97	36.29	96.28	95.88	85.48
Total Non-Current Liabilities+	52.52M	57.74M	428.11M	1.14B	1.14B	3.06B	5.18B	5.68B	5.46B	7B
Long-Term Debt	0	0	358.57M	899.7M	938.83M	2.59B	4.56B	4.99B	4.97B	6.4B
Capital Lease Obligations	0	0	0	0	108.83M	389.66M	395.02M	357.42M	289.79M	278.62M
Deferred Tax Liabilities	0	0	0	0	0	0	0	132.5M	35.7M	162.44M
Other Non-Current Liabilities	52.52M	57.74M	69.54M	242.29M	88.23M	78.39M	222.85M	201.66M	154.97M	152.16M
Total Liabilities	386.72M	635.21M	1.4B	2.16B	2.84B	7.19B	10.61B	14.11B	14.34B	15.54B
Total Debt+	0	0	358.57M	899.7M	1.07B	3.49B	5.52B	6.33B	6.07B	7.92B
Net Debt	-461.33M	-452.03M	-337.9M	316.52M	-648.47M	335.37M	1.07B	-1.39B	1.08B	-4.34B
Debt / Equity	-	-	0.46x	0.80x	0.63x	1.30x	1.66x	0.37x	0.32x	0.37x
Debt / EBITDA	-	-	7.16x	7.68x	4.15x	10.80x	8.16x	-	5.83x	6.24x
Net Debt / EBITDA	-	-	-6.75x	2.70x	-2.51x	1.04x	1.59x	-	1.03x	-3.42x
Interest Coverage	-	-	1.51x	3.12x	7.13x	2.97x	13.84x	-17.24x	-	95.93x
Total Equity+	508.05M	576.15M	786.33M	1.12B	1.72B	2.68B	3.31B	17.25B	18.69B	21.23B
Equity Growth %	0.86%	0.13%	0.36%	0.42%	0.53%	0.56%	0.24%	4.21%	0.08%	0.14%
Book Value per Share	1.55	1.69	2.07	2.76	3.68	5.56	6.60	29.80	30.44	33.37
Total Shareholders' Equity	508.05M	576.15M	786.33M	1.12B	1.72B	2.68B	3.27B	17.22B	18.7B	21.27B
Common Stock	0	0	0	0	0	0	0	0	0	0
Retained Earnings	-607.65M	-779.24M	-842.74M	-885.77M	-510.33M	-297.22M	-27.96M	-568.71M	-528.43M	2.37B
Treasury Stock	0	0	0	0	0	0	0	0	0	0
Accumulated OCI	-1.19M	-1.99M	-1.32M	-6.05M	1.63M	23.33M	-16.43M	-523.09M	-378.31M	-1B
Minority Interest	0	0	0	0	0	0	40.73M	28.48M	-2.42M	-32.97M

Cash Flow

	Dec 2015	Dec 2016	Dec 2017	Dec 2018	Dec 2019	Dec 2020	Dec 2021	Dec 2022	Dec 2023	Dec 2024
Cash from Operations+	21.12M	23.13M	127.71M	295.08M	327.63M	173.11M	847.83M	175.9M	100.96M	1.71B
Operating CF Margin %	0.02%	0.01%	0.06%	0.09%	0.07%	0.02%	0.05%	0.01%	0%	0.07%
Operating CF Growth %	1.19%	0.1%	4.52%	1.31%	0.11%	-0.47%	3.9%	-0.79%	-0.43%	15.91%
Net Income	-179.82M	-171.59M	-62.81M	-38.45M	375.45M	213.1M	158.83M	-553M	-21.12M	2.9B
Depreciation & Amortization	27.63M	37.74M	37.28M	60.96M	75.6M	84.21M	134.76M	340.52M	408.56M	376.13M
Stock-Based Compensation	82.29M	138.79M	155.84M	216.88M	297.86M	397.8M	608.04M	1.07B	1.28B	1.27B
Deferred Taxes	26K	58K	-1.39M	-646K	-1.38M	-8.02M	-10.44M	-69.59M	-85.88M	0
Other Non-Cash Items	48.79M	10.58M	42.12M	72.42M	-269.04M	-504.82M	178.04M	-13.36M	-791.43M	-2.25B
Working Capital Changes	48.67M	7.55M	-43.33M	-16.08M	-150.86M	-9.17M	-221.4M	-599.94M	-685.26M	-590.18M
Change in Receivables	-27.42M	-178.41M	-305.83M	245.79M	-326.6M	-473.87M	-346.22M	-1.5B	-1.11B	1.95B
Change in Inventory	14.57M	59.81M	-10.23M	-34.92M	0	0	0	0	0	0
Change in Payables	83.84M	170.3M	369.93M	-45.05M	223.22M	1.88B	186.8M	1.27B	802.54M	-1.86B
Cash from Investing+	-45.1M	-122.73M	-340.61M	-905.85M	95.19M	-606.64M	-1.31B	1.23B	683.2M	649.95M
Capital Expenditures	-37.43M	-25.43M	-26.1M	-61.2M	-62.5M	-138.4M	-134.32M	-170.81M	-151.15M	-153.95M
CapEx % of Revenue	0.03%	0.01%	0.01%	0.02%	0.01%	0.01%	0.01%	0.01%	0.01%	0.01%
Acquisitions	-	-	-	-	-	-	-	-	-	-
Investments	-	-	-	-	-	-	-	-	-	-
Other Investing	-1.29M	-104K	0	-1.58M	0	-50M	-170M	-169.4M	272.86M	603.98M
Cash from Financing+	264.76M	90.74M	454.93M	515.75M	243.4M	3.68B	2.65B	97.58M	-240.14M	1.95B
Debt Issued (Net)	-	-	-	-	-	-	-	-	-	-
Equity Issued (Net)	-	-	-	-	-	-	-	-	-	-
Dividends Paid	0	0	0	0	0	0	0	0	0	0
Share Repurchases	-	-	-	-	-	-	-	-	-	-
Other Financing	13.55M	90.91M	26.68M	-120.52M	243.4M	1.1B	646.77M	420.72M	125.7M	1.2B
Net Change in Cash	-	-	-	-	-	-	-	-	-	-
Free Cash Flow+	-17.59M	-2.7M	101.61M	232.29M	265.13M	-15.29M	543.51M	5.09M	-50.19M	1.55B
FCF Margin %	-0.01%	-0%	0.05%	0.07%	0.06%	-0%	0.03%	0%	-0%	0.06%
FCF Growth %	0.88%	0.85%	38.61%	1.29%	0.14%	-1.06%	36.54%	-0.99%	-10.86%	31.95%
FCF per Share	-0.05	-0.01	0.27	0.57	0.57	-0.03	1.08	0.01	-0.08	2.44
FCF Conversion (FCF/Net Income)	-0.12x	-0.13x	-2.03x	-7.67x	0.87x	0.81x	5.10x	-0.33x	10.33x	0.59x
Interest Paid	0	0	0	0	0	0	0	84.88M	130.01M	205.78M
Taxes Paid	0	0	0	0	0	0	0	39.05M	81.38M	270.31M

Key Ratios

Metric	2015	2016	2017	2018	2019	2020	2021	2022	2023	2024
Return on Equity (ROE)	-46.01%	-31.65%	-9.22%	-4.03%	26.48%	9.69%	5.55%	-5.26%	0.05%	14.51%
Return on Invested Capital (ROIC)	-143.71%	-104.67%	3.36%	4.47%	9.2%	6.2%	9.29%	-4.63%	2.66%	3.65%
Gross Margin	28.17%	32.1%	36.53%	37.93%	38.65%	28.01%	24.39%	34.18%	33.45%	36.85%
Net Margin	-14.19%	-10.04%	-2.84%	-1.17%	7.97%	2.24%	0.94%	-3.08%	0.04%	12.01%
Debt / Equity	-	-	0.46x	0.80x	0.63x	1.30x	1.66x	0.37x	0.32x	0.37x
Interest Coverage	-	-	1.51x	3.12x	7.13x	2.97x	13.84x	-17.24x	-	95.93x
FCF Conversion	-0.12x	-0.13x	-2.03x	-7.67x	0.87x	0.81x	5.10x	-0.33x	10.33x	0.59x
Revenue Growth	49.04%	34.85%	29.59%	48.95%	42.91%	101.5%	85.95%	-0.73%	25.01%	10.06%

Revenue by Segment

	2022	2023	2024
Cryptocurrency Denominated Assets	7.11B	9.5B	10.2B
Cryptocurrency Denominated Assets Growth	-	33.54%	7.38%
Software and Data Products	4.55B	5.94B	7.16B
Software and Data Products Growth	-	30.58%	20.52%
Transaction	5.7B	6.32B	6.61B
Transaction Growth	-	10.76%	4.72%
Hardware	164.42M	157.18M	143.37M
Hardware Growth	-	-4.40%	-8.79%

Revenue by Geography

	2022	2023	2024
UNITED STATES	16.31B	20.42B	22.35B
UNITED STATES Growth	-	25.14%	9.48%
Non-US	1.22B	1.5B	1.77B
Non-US Growth	-	23.20%	18.01%

Frequently Asked Questions

Valuation & Price

Block, Inc. (XYZ) has a price-to-earnings (P/E) ratio of 14.3x. This may indicate the stock is undervalued or faces growth challenges.

Growth & Financials

Block, Inc. (XYZ) reported $23.97B in revenue for fiscal year 2024. This represents a 4240% increase from $552.4M in 2013.

Block, Inc. (XYZ) grew revenue by 10.1% over the past year. This is steady growth.

Yes, Block, Inc. (XYZ) is profitable, generating $3.14B in net income for fiscal year 2024 (12.0% net margin).

Dividend & Returns

Block, Inc. (XYZ) has a return on equity (ROE) of 14.5%. This is reasonable for most industries.

Block, Inc. (XYZ) generated $1.83B in free cash flow for fiscal year 2024. Positive FCF indicates the company can fund dividends, buybacks, or reinvestment.