Block, 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.

Block, Inc.

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Product Development

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Sales and Marketing

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Transaction, Loan, and Consumer Receivable Losses

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Bitcoin Impairment Losses

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Amortization of Customer and Other Acquired Intangible Assets

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Deemed Dividend on Series E Preferred Stock

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Revenue

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Adjusted Funds From Operations

Income Statement	Sep '25	Jun '25	Mar '25	Dec '24	Sep '24	Jun '24
Total Revenues	23,973.8	23,834.6	23,935.7	24,121.1	23,861.5	23,503.2
Total Revenues %Chg	0.5%	1.4%	4.6%	10.1%	14.8%	19.4%
Transaction-Based Revenue
Starbucks Transaction-Based Revenue
Subscription and Services-Based Revenue
Hardware Revenue
Bitcoin Revenue
Cost of Sales	14,116.2	14,385.6	14,786.5	15,163.7	15,187.3	15,179.5
Transaction-Based Costs
Starbucks Transaction-Based Costs
Subscription and Services-Based Costs
Hardware Costs
Bitcoin Costs
Gross Profit	9,857.6	9,449	9,149.2	8,957.4	8,674.2	8,323.7
Gross Profit Margin	41.1%	39.6%	38.2%	37.1%	36.4%	35.4%
Selling, General & Administrative Expenses	4,388	4,232.3	4,214.5	4,133.4	4,136.1	4,108.7
Sales and Marketing
General and Administrative
Depreciation & Amortization Expenses	194.8	200	210.1	223.1	234.1	255.7
Amortization of Customer and Other Acquired Intangible Assets
Amortization of Acquired Technology Assets
Research & Development Expenses	2,966.9	2,966.7	2,954.5	2,914.4	2,830.1	2,832.9
Product Development
Other Operating Expenses	1,071.9	900.5	798.2	794.2	725.3	710.5
Transaction, Loan, and Consumer Receivable Losses
Bitcoin Impairment Losses
Operating Profit	1,236	1,149.6	971.9	892.3	748.7	415.7
Operating Income
Operating Margin	5.2%	4.8%	4.1%	3.7%	3.1%	1.8%
Interest Expense	-91.7	-70.8	-45.3	-9.3	25.5	60.7
Interest Expense (Income), Net
Non-Operating Income	430.7	376.4	94.2	474.1	375.7	-82
Gain on Sale of Asset Group
Remeasurement Gain on Bitcoin Investment
Other Expense, Net
Total Non-Operating Income	339.1	305.6	48.9	464.8	401.2	-21.2
Income Before Provision for Income Taxes	1,765.8	1,488.4	1,077.9	1,357.2	1,101.4	764.9
Income Before Income Tax
Provision for Income Taxes	-1,347.6	-1,444.5	-1,506.5	-1,509.3	77.6	115.8
Provision for Income Taxes
Consolidated Net Income	3,113.3	2,932.9	2,584.4	2,866.5	1,023.8	649.1
Net Income
Net Income Attributable to Minority Interests and Other	-22.6	-25.2	-30.5	-30.6	-29.5	-31.7
Less: Net Income Attributable to Noncontrolling Interests
Net Income Attributable to Preferred Dividends	—	—	—	—	—	—
Deemed Dividend on Series E Preferred Stock
Net Income Attributable to Common Shareholders	3,135.9	2,958.1	2,614.9	2,897	1,053.3	680.8
Net Income Attributable to Common Stockholders
Basic EPS	5.1	4.8	4.2	4.7	1.8	1.2
Diluted EPS	5	4.7	4.1	4.6	1.8	1.2
Basic Weighted Average Shares Outstanding	615	616.5	617.7	617	616.4	615.1
Total Shares Outstanding	609.2	610.2	616.9	619.7	616.4	617.6
Diluted Weighted Average Shares Outstanding	629.3	632.1	635.9	636.4	633.3	628
EBITDA	1,598.4	1,512.5	1,339.3	1,268.5	1,141.2	831.1
Effective Tax Rate	-76.3%	-97.1%	-139.8%	-111.2%	7%	15.1%