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.

Transaction-Based Revenue

Transaction-Based Revenue %Chg

Transaction-Based Revenue Common Size

Starbucks Transaction-Based Revenue

Starbucks Transaction-Based Revenue %Chg

Starbucks Transaction-Based Revenue Common Size

Subscription and Services-Based Revenue

Subscription and Services-Based Revenue %Chg

Subscription and Services-Based Revenue Common Size

Hardware Revenue

Hardware Revenue %Chg

Hardware Revenue Common Size

Bitcoin Revenue

Bitcoin Revenue %Chg

Bitcoin Revenue Common Size

Total Net Revenue

Total Net Revenue %Chg

Total Net Revenue Common Size

Transaction-Based Costs

Transaction-Based Costs %Chg

Transaction-Based Costs Common Size

Starbucks Transaction-Based Costs

Starbucks Transaction-Based Costs %Chg

Starbucks Transaction-Based Costs Common Size

Subscription and Services-Based Costs

Subscription and Services-Based Costs %Chg

Subscription and Services-Based Costs Common Size

Hardware Costs

Hardware Costs %Chg

Hardware Costs Common Size

Bitcoin Costs

Bitcoin Costs %Chg

Bitcoin Costs Common Size

Amortization of Acquired Technology Assets

Amortization of Acquired Technology Assets %Chg

Amortization of Acquired Technology Assets Common Size

Total Cost of Revenue

Total Cost of Revenue %Chg

Total Cost of Revenue Common Size

Gross Profit

Gross Profit %Chg

Gross Profit Common Size

Product Development

Product Development %Chg

Product Development Common Size

Sales and Marketing

Sales and Marketing %Chg

Sales and Marketing Common Size

General and Administrative

General and Administrative %Chg

General and Administrative Common Size

Transaction, Loan, and Consumer Receivable Losses

Transaction, Loan, and Consumer Receivable Losses %Chg

Transaction, Loan, and Consumer Receivable Losses Common Size

Bitcoin Impairment Losses

Bitcoin Impairment Losses %Chg

Bitcoin Impairment Losses Common Size

Amortization of Customer and Other Acquired Intangible Assets

Amortization of Customer and Other Acquired Intangible Assets %Chg

Amortization of Customer and Other Acquired Intangible Assets Common Size

Total Operating Expenses

Total Operating Expenses %Chg

Total Operating Expenses Common Size

Operating Income

Operating Income %Chg

Operating Income Common Size

Gain on Sale of Asset Group

Gain on Sale of Asset Group %Chg

Gain on Sale of Asset Group Common Size

Interest Expense (Income), Net

Interest Expense (Income), Net %Chg

Interest Expense (Income), Net Common Size

Remeasurement Gain on Bitcoin Investment

Remeasurement Gain on Bitcoin Investment %Chg

Remeasurement Gain on Bitcoin Investment Common Size

Other Income, Net

Other Income, Net %Chg

Other Income, Net Common Size

Other Expense, Net

Other Expense, Net %Chg

Other Expense, Net Common Size

Income Before Income Tax

Income Before Income Tax %Chg

Income Before Income Tax Common Size

Provision for Income Taxes

Provision for Income Taxes %Chg

Provision for Income Taxes Common Size

Net Income

Net Income %Chg

Net Income Common Size

Deemed Dividend on Series E Preferred Stock

Deemed Dividend on Series E Preferred Stock %Chg

Deemed Dividend on Series E Preferred Stock Common Size

Less: Net Income Attributable to Noncontrolling Interests

Less: Net Income Attributable to Noncontrolling Interests %Chg

Less: Net Income Attributable to Noncontrolling Interests Common Size

Net Income Attributable to Common Stockholders

Net Income Attributable to Common Stockholders %Chg

Net Income Attributable to Common Stockholders Common Size

Basic

Total Revenues

Total Revenues %Chg

Total Revenues Common Size

Cost of Sales

Cost of Sales %Chg

Cost of Sales Common Size

Gross Profit Margin

Gross Profit Margin %Chg

Gross Profit Margin Common Size

Selling, General & Administrative Expenses

Selling, General & Administrative Expenses %Chg

Selling, General & Administrative Expenses Common Size

Depreciation & Amortization Expenses

Depreciation & Amortization Expenses %Chg

Depreciation & Amortization Expenses Common Size

Research & Development Expenses

Research & Development Expenses %Chg

Research & Development Expenses Common Size

Other Operating Expenses

Other Operating Expenses %Chg

Other Operating Expenses Common Size

Operating Profit

Operating Profit %Chg

Operating Profit Common Size

Operating Margin

Operating Margin %Chg

Operating Margin Common Size

Interest Expense

Interest Expense %Chg

Interest Expense Common Size

Non-Operating Income

Non-Operating Income %Chg

Non-Operating Income Common Size

Revenue

EBIT

EBITDA

CapEx

Net Interest Income

Assets

Adjusted EBITDA

Adjusted Net Income

Net Revenue

Average Assets

Adjusted EBIT

Adjusted Revenue

Adjusted EBT

Adjusted Funds From Operations

Income Statement	Jun '25	Dec '24	Jun '24	Dec '23	Jun '23	Dec '22
Total Revenues	11,826.3	12,008.4	12,112.7	11,390.5	10,525.1	9,166.4
Total Revenues %Chg	-2.4%	5.4%	15.1%	24.3%	25.8%	15.7%
Transaction-Based Revenue
Starbucks Transaction-Based Revenue
Subscription and Services-Based Revenue
Hardware Revenue
Bitcoin Revenue
Cost of Sales	6,971	7,414.5	7,749.1	7,430.4	6,907.5	5,902.3
Transaction-Based Costs
Starbucks Transaction-Based Costs
Subscription and Services-Based Costs
Hardware Costs
Bitcoin Costs
Gross Profit	4,855.2	4,593.8	4,363.6	3,960.1	3,617.6	3,264.1
Gross Profit Margin	41.1%	38.3%	36%	34.8%	34.4%	35.6%
Selling, General & Administrative Expenses	1,995.2	2,237.1	1,896.3	2,212.5	2,015.7	1,872.5
Sales and Marketing
General and Administrative
Depreciation & Amortization Expenses	96.6	103.4	119.7	136	110.9	109.5
Amortization of Customer and Other Acquired Intangible Assets
Amortization of Acquired Technology Assets
Research & Development Expenses	1,486	1,480.7	1,433.7	1,399.2	1,321.6	1,152.6
Product Development
Other Operating Expenses	463.8	436.7	357.5	353	307.7	313.4
Transaction, Loan, and Consumer Receivable Losses
Bitcoin Impairment Losses
Operating Profit	813.6	336	556.3	-140.6	-138.3	-184
Operating Income
Operating Margin	6.9%	2.8%	4.6%	-1.2%	-1.3%	-2%
Interest Expense	-40.9	-29.9	20.6	40.1	7.1	-7.5
Interest Expense (Income), Net
Non-Operating Income	113.8	280.8	178.3	110.1	92.4	43.2
Gain on Sale of Asset Group
Remeasurement Gain on Bitcoin Investment
Other Expense, Net
Other Income, Net
Total Non-Operating Income	72.8	250.9	198.9	150.2	99.5	35.7
Income Before Provision for Income Taxes	886.4	601.9	755.2	9.7	-38.8	-148.3
Income Before Income Tax
Provision for Income Taxes	159.4	-1,603.9	94.5	21.3	-29.3	-11.9
Provision for Income Taxes
Consolidated Net Income	727.1	2,205.8	660.7	-11.6	-9.6	-136.4
Net Income
Net Income Attributable to Minority Interests and Other	-1.3	-24	-6.6	-25.1	-5.8	-7.8
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	728.3	2,229.8	667.3	13.5	-3.7	-128.5
Net Income Attributable to Common Stockholders
Basic EPS	1.2	3.6	1.1	0	-0	-0.2
Diluted EPS	1.2	3.5	1.1	0	-0	-0.2
Basic Weighted Average Shares Outstanding	616.1	617	617	613.2	604.5	596.4
Total Shares Outstanding	610.2	619.7	617.6	615.8	608.9	600.1
Diluted Weighted Average Shares Outstanding	627.1	636	636.8	623.6	604.5	596.4
EBITDA	994.9	517.6	750.8	80.3	49.4	-4.3
Effective Tax Rate	18%	-266.4%	12.5%	219.6%	75.4%	8%