Last 45 quarters of trend data · Technology · Software - Infrastructure
Quarterly valuation ratios — annualised for comparability. YoY Δ shows same-quarter-prior-year change.
Block, Inc.'s quarterly P/E stands at 85.6x, up 1125.4% year-over-year — indicating the stock has re-rated higher or earnings have softened. EV/EBITDA has expanded 983.4% YoY to 246.2x, reflecting rising market expectations or slowing EBITDA growth.
| Metric | TTM | Q4 '25 | Q3 '25 | Q2 '25 | Q1 '25 | Q4 '24 | Q3 '24 | Q2 '24 | Q1 '24 | Q4 '23 | Q3 '23 | Q2 '23 | Q1 '23 |
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| P/E Ratio → | 30.33 | 85.64 | 24.42 | 19.52 | 45.27 | 6.99 | 37.29 | 52.01 | 28.57 | 69.06 | — | — | 107.27 |
| — | +1125.4% | -34.5% | -62.5% | +58.4% | -89.9% | — | — | -73.4% | — | — | — | — | |
| P/S Ratio | 1.59 | 1.62 | 1.84 | 1.74 | 1.50 | 2.25 | 1.78 | 1.66 | 2.26 | 2.11 | 1.20 | 1.82 | 2.07 |
| — | -28.0% | +3.4% | +4.5% | -33.9% | +6.9% | +47.6% | -8.9% | +9.2% | +4.2% | -33.3% | -10.1% | -55.3% | |
| P/B Ratio | 1.79 | 1.83 | 2.00 | 1.90 | 1.61 | 2.56 | 2.13 | 2.12 | 2.84 | 2.60 | 1.52 | 2.27 | 2.37 |
| — | -28.5% | -6.3% | -10.4% | -43.3% | -1.7% | +40.6% | -6.7% | +20.1% | +19.3% | -23.0% | +7.4% | -43.8% | |
| P/FCF | 15.82 | 17.48 | 8.02 | 30.64 | 85.06 | — | 16.91 | 21.26 | 29.46 | — | 14.92 | 120.49 | 39.43 |
| — | — | -52.6% | +44.2% | +188.7% | — | +13.3% | -82.4% | -25.3% | — | — | — | -59.6% | |
| EV / EBITDA | 22.87 | 246.23 | 19.88 | 15.97 | 12.00 | 22.73 | 22.64 | 14.66 | 35.64 | 42.70 | 21.31 | 38.43 | 44.06 |
| — | +983.4% | -12.2% | +8.9% | -66.3% | -46.8% | +6.2% | -61.8% | -19.1% | +3.9% | -40.3% | -57.0% | — | |
| EV / EBIT | 22.87 | — | 12.90 | 11.83 | 28.88 | 42.53 | 18.28 | 37.08 | 29.80 | 109.82 | — | — | 127.62 |
| — | — | -29.4% | -68.1% | -3.1% | -61.3% | — | — | -76.7% | — | — | — | — |
Quarterly margins and returns. Watch for margin compression across consecutive quarters.
Block, Inc.'s operating margin was 5.0% in Q4 2025, down 1.7 pp QoQ and down 2.6 pp YoY. This marks the 4th consecutive quarter of margin compression, signaling a persistent pressure on profitability that investors should monitor. The trailing four-quarter average of 7.1% exceeds the current quarter, suggesting the latest result may reflect seasonal weakness or a one-off headwind. Gross margin expanded 22.6% YoY, indicating pricing power or improving input costs.
| Metric | TTM | Q4 '25 | Q3 '25 | Q2 '25 | Q1 '25 | Q4 '24 | Q3 '24 | Q2 '24 | Q1 '24 | Q4 '23 | Q3 '23 | Q2 '23 | Q1 '23 |
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Gross Margin | 42.8% | 46.3% | 43.8% | 41.9% | 39.1% | 37.7% | 37.6% | 35.6% | 35.2% | 34.3% | 32.8% | 33.0% | 33.6% |
| — | +22.6% | +16.2% | +17.6% | +11.2% | +9.9% | +14.8% | +7.8% | +4.6% | +1.2% | -3.2% | +1.8% | +2.8% | |
| Operating Margin | 7.1% | 5.0% | 6.7% | 8.0% | 8.7% | 7.6% | 5.4% | 8.7% | 4.2% | 2.9% | 3.0% | 2.7% | 2.5% |
| — | -34.0% | +23.9% | -7.5% | +106.4% | +163.7% | +77.8% | +219.2% | +69.8% | +90.6% | +36.7% | +665.4% | +143.1% | |
| Net Margin | 5.4% | 1.8% | 7.5% | 8.9% | 3.3% | 32.3% | 4.7% | 3.2% | 7.9% | 3.1% | -1.6% | -1.8% | 2.0% |
| — | -94.3% | +59.0% | +180.4% | -58.5% | +945.8% | +400.6% | +272.1% | +302.2% | +226.0% | -384.9% | +61.0% | +138.2% |
| Metric | TTM | Q4 '25 | Q3 '25 | Q2 '25 | Q1 '25 | Q4 '24 | Q3 '24 | Q2 '24 | Q1 '24 | Q4 '23 | Q3 '23 | Q2 '23 | Q1 '23 |
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| ROE | 6.0% | 0.5% | 2.1% | 2.5% | 0.9% | 9.5% | 1.4% | 1.0% | 2.5% | 1.0% | -0.5% | -0.6% | 0.6% |
| — | -94.6% | +43.0% | +142.2% | -64.5% | +870.1% | +390.4% | +276.3% | +342.7% | +244.7% | -466.5% | +52.2% | +128.8% | |
| ROA | 3.4% | 0.3% | 1.2% | 1.5% | 0.5% | 5.3% | 0.8% | 0.5% | 1.4% | 0.5% | -0.3% | -0.3% | 0.3% |
| — | -94.5% | +58.1% | +175.4% | -62.3% | +880.1% | +375.3% | +263.2% | +338.5% | +244.3% | -450.1% | +54.4% | +133.1% | |
| ROIC | 6.4% | 1.2% | 1.8% | 2.3% | 2.3% | 2.2% | 1.6% | 2.7% | 1.2% | 0.8% | 0.8% | 0.8% | 0.6% |
| — | -45.8% | +12.1% | -15.2% | +94.5% | +173.9% | +87.7% | +247.3% | +95.9% | +124.2% | +65.3% | +840.5% | +130.6% |
Quarterly solvency trend — watch for debt spikes or covenant pressure.
Block, Inc.'s Debt/EBITDA ratio is 174.0x, up from 16.2x last quarter — elevated, raising questions about debt serviceability. The current ratio has weakened 5.4% YoY to 2.20x, tightening the short-term liquidity position.
| Metric | TTM | Q4 '25 | Q3 '25 | Q2 '25 | Q1 '25 | Q4 '24 | Q3 '24 | Q2 '24 | Q1 '24 | Q4 '23 | Q3 '23 | Q2 '23 | Q1 '23 |
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Debt / Equity | 0.33 | 0.33 | 0.36 | 0.28 | 0.28 | 0.37 | 0.37 | 0.38 | 0.29 | 0.32 | 0.30 | 0.30 | 0.32 |
| — | -11.8% | -3.1% | -27.5% | -1.2% | +14.8% | +23.3% | +27.9% | -11.8% | -11.5% | -0.9% | -0.9% | +9.6% | |
| Debt / EBITDA | 4.27 | 173.97 | 16.15 | 10.62 | 10.28 | 14.40 | 17.82 | 11.71 | 15.58 | 22.27 | 18.80 | 21.70 | 26.13 |
| — | +1108.2% | -9.4% | -9.3% | -34.0% | -35.3% | -5.2% | -46.1% | -40.4% | -22.5% | -20.8% | -59.5% | — | |
| Current Ratio | 2.20 | 2.20 | 2.18 | 1.96 | 2.27 | 2.33 | 2.07 | 1.82 | 1.64 | 2.01 | 1.91 | 1.92 | 1.83 |
| — | -5.4% | +5.5% | +7.4% | +38.1% | +16.0% | +8.4% | -5.2% | -10.0% | +8.3% | +2.5% | +6.8% | -7.1% | |
| Quick Ratio | 2.20 | 2.20 | 2.17 | 1.94 | 2.26 | 2.31 | 2.06 | 1.81 | 1.63 | 1.99 | 1.90 | 1.91 | 1.81 |
| — | -4.9% | +5.3% | +7.1% | +38.2% | +16.1% | +8.4% | -5.1% | -10.0% | +8.3% | +2.7% | +6.9% | -7.2% | |
| Interest Coverage | 13.21 | 5.86 | 11.82 | 20.45 | 28.96 | 28.63 | 23.39 | — | — | — | — | — | — |
| — | — | — | — | — | — | — | — | — | — | — | — | — |
Includes 30+ ratios · 45 years · Updated daily
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Start ComparisonBlock, Inc.'s current P/E is 30.3x. The average P/E over the last 4 quarters is 43.7x. Quarterly P/E ratios can vary due to seasonal revenue patterns and one-time charges.
Block, Inc.'s current operating margin is 7.1%. Margins have been compressing over recent quarters. Quarterly margins are particularly useful for identifying trend inflections that annual data smooths over.
Quarterly financial ratios reveal short-term trend shifts — margin compression, debt spikes, or valuation re-ratings — that annual figures smooth over. They're essential for active investors tracking Block, Inc.'s business trajectory between earnings reports.