Block Inc
Financial Performance
Block Revenue & Financials
Revenue
$24.2B (FY2025)
Market Cap
$44.5B
Net Income
$1.3B
Employees
10,205
What is Block's revenue?
Block had $24.2B in revenue for fiscal year 2025, up 0.3% from 2024. Net income was $1.3B.
- Latest revenue
- $24.2B (FY2025)
- Year-over-year
- +0.3%
- Growth rate (CAGR)
- 34.2% over 9 years
- Peak revenue
- $24.2B (FY2025)
- Years of data
- 10
- Employees
- 10,205
Financial Analysis
Revenue was nearly flat in 2025, $24.19 billion against $24.12 billion, because bitcoin sales fell from $10.36 billion to $8.50 billion. Gross profit, which strips out the cost of the bitcoin Block resells, rose 17% to $10.36 billion and adjusted operating income rose 30% to about $2.3 billion. Net income attributable to common stockholders was $1.31 billion, down from $2.90 billion in 2024, a year lifted by a large fourth-quarter tax benefit. 2026 opened with a $308.7 million first-quarter net loss as layoff costs landed (about $495 million of restructuring charges across the first half), then second-quarter gross profit grew 25% to $3.17 billion with a record 27% adjusted operating margin. Block now guides to $12.51 billion of 2026 gross profit and $3.47 billion of adjusted operating income. It bought back $2.3 billion of stock in 2025, had $4.6 billion of repurchase authorization left at June 30, 2026, and pays no dividend. Block, Inc. maintains a formidable presence in the fintech space, with a market valuation generally exceeding $40 billion.
Revenue Trend Analysis
YoY Change
+0.3%
9-Year CAGR
+34.2%
Peak Year
2025
Trend
Consistent Growth
Block Inc has 10 full fiscal year figures on this page, compounding at +34.2% annually over 9 years. The most recent year saw a 0.3% increase versus the prior year. Annual revenue peaked in fiscal year 2025 at $24.2B. Of 9 comparable year-over-year steps, 8 showed growth and 1 showed a decline.
Annual revenue history
| Fiscal Year | Revenue | Operating Income | Net Income | YoY Change | Source |
|---|---|---|---|---|---|
| FY2025 | $24.2B | $1.7Bfiling | $1.3B | +0.3% | sec.gov Total net revenue of $24.19B; net income attributable to common stockholders of $1.31B. Gross profit was $10.36B, up 17%. |
| FY2024 | $24.1B | $892.3Mfiling | $2.9B | +10.1% | data.sec.gov Total net revenue of $24.12B; net income of about $2.90B, lifted by a fourth-quarter income tax benefit. |
| FY2023 | $21.9B | -$278.8Mfiling | $9.8M | +25.0% | data.sec.gov Total net revenue of $21.92B; net income of about $10M. |
| FY2022 | $17.5B | -$624.5Mfiling | -$541M | -0.7% | data.sec.gov Total net revenue of about $17.53B; net loss of about $541M, the year Afterpay was consolidated. |
| FY2021 | $17.7B | $161.1Mfiling | $166M | +85.9% | data.sec.gov Total net revenue of about $17.66B, up 86% as Cash App bitcoin sales surged; net income of about $166M. |
| FY2020 | $9.5B | -$18.8Mfiling | $213M | +101.5% | data.sec.gov Total net revenue of about $9.50B; net income of about $213M. |
| FY2019 | $4.7B | $26.6Mfiling | $375M | +42.9% | data.sec.gov Total net revenue of about $4.71B; net income of about $375M. |
| FY2018 | $3.3B | -$36.6Mfiling | -$38M | +49.0% | data.sec.gov Total net revenue of about $3.30B, up 49%; net loss of about $38M. |
| FY2017 | $2.2B | -$54.2Mfiling | -$63M | +29.5% | data.sec.gov Total net revenue of about $2.21B; net loss of about $63M. |
| FY2016 | $1.7B | -$170.5Mfiling | -$172M | — | data.sec.gov Total net revenue of about $1.71B; net loss of about $172M, the first full year as a public company. |
Click any row to see year details.
Block Inc balance sheet and cash flow
Balance-sheet figures are as of each fiscal year end; cash-flow figures cover the fiscal year. Taken from the company's annual report on Form 10-K, linked on each row. Free cash flow here is operating cash flow less capital expenditures, calculated by CorpDigest.
| Fiscal Year | Operating cash flow | Capital expenditures | Total assets | Total liabilities | Shareholders' equity | Free cash flow | Source |
|---|---|---|---|---|---|---|---|
| FY2025ended Dec 31, 2025 | $2.6B | $155M | $39.5B | $17.4B | $22.2B | $2.4B | Form 10-K |
| FY2024ended Dec 31, 2024 | $1.7B | $153.9M | $36.8B | $15.5B | $21.3B | $1.6B | Form 10-K |
| FY2023ended Dec 31, 2023 | $101M | $151.2M | $33B | $14.3B | $18.7B | -$50.2M | Form 10-K |
| FY2022ended Dec 31, 2022 | $175.9M | $170.8M | $31.4B | $14.1B | $17.2B | $5.1M | Form 10-K |
| FY2021ended Dec 31, 2021 | $847.8M | $134.3M | $15B | $11.7B | $3.3B | $713.5M | Form 10-K |
| FY2020ended Dec 31, 2020 | $173.1M | $138.4M | $9.9B | $7.2B | $2.7B | $34.7M | Form 10-K |
| FY2019ended Dec 31, 2019 | $327.6M | $62.5M | $4.6B | $2.8B | $1.7B | $265.1M | Form 10-K |
| FY2018ended Dec 31, 2018 | $295.1M | $61.2M | $3.3B | $2.2B | $1.1B | $233.9M | Form 10-K |
| FY2017ended Dec 31, 2017 | $127.7M | $26.1M | $2.2B | $1.4B | $786.3M | $101.6M | Form 10-K |
| FY2016ended Dec 31, 2016 | $23.1M | $25.4M | $1.2B | $635.2M | $576.2M | -$2.3M | Form 10-K |
Keep researching Block
Block Revenue and Financial FAQ
What was Block's revenue in 2025?
$24.19 billion, up 0.3% from $24.12 billion in 2024. Bitcoin sales fell to $8.50 billion while commerce enablement and financial solutions grew.
What was Block's gross profit?
$10.36 billion in 2025, up 17%. In the second quarter of 2026 gross profit was $3.17 billion, up 25%, with Cash App at $1.97 billion and Square at $1.16 billion.
Is Block profitable?
Net income attributable to common stockholders was $1.31 billion in 2025 and $2.90 billion in 2024. Layoff costs caused a $308.7 million net loss in the first quarter of 2026; the second quarter was profitable, with a record 27% adjusted operating margin.
What is Block's 2026 guidance?
As of August 2026, $12.51 billion of gross profit (up 21%), $3.47 billion of adjusted operating income (a 28% margin) and $4.02 of adjusted earnings per share (up 70%).
How much bitcoin does Block own?
9,117 bitcoin on its balance sheet at June 30, 2026. It bought 4,709 for $50 million in October 2020 and about 3,318 for $170 million in February 2021, and now buys with a share of its monthly bitcoin gross profit.
Does Block pay a dividend?
No. It returns cash through buybacks: $2.3 billion in 2025, with $4.6 billion of authorization left at June 30, 2026.
What is Block's market cap?
About $44.5 billion at the September 30, 2026 close of $73.53 a share.
Is Cash App profitable for Block?
Yes, Cash App is an absolute massive profit engine for the company, boasting incredibly low customer acquisition costs and huge margins from users executing peer-to-peer transfers and buying Bitcoin.
Cite or embed this data
Using these figures? Please credit CorpDigest with a link.
CorpDigest. "Block Revenue & Financials." CorpDigest, https://corpdigest.com/company/block/financials.<div style="font-family:system-ui,sans-serif;font-size:14px;line-height:1.5;border:1px solid #e2e8f0;border-radius:8px;padding:12px 16px;max-width:520px"><strong>Block reported $24.2B in revenue (FY2025).</strong><br>Source: <a href="https://corpdigest.com/company/block/financials" target="_blank" rel="noopener">CorpDigest — Block financials</a></div>Related Financial Audits
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