Block, Inc.
Rank #258Capital ReturnXYZ · NYSE · Technology
Block, Inc. (XYZ) — Rank #258 by gross profitability (GP/assets 0.26) · ROE 5.9% · Piotroski F-Score N/A.
As-of 2026-09-15 · CIK 0001512673 · all metrics point-in-time as of the filing date.
About
Block, Inc., together with its subsidiaries, builds ecosystems focused on commerce and financial products and services in the United States and internationally.
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It operates through two segments: Square and Cash App. The Square segment offers managed payment services; software solutions; hardware products, such as registers, terminals, stands, and readers for contactless and chips; banking services consisting of lending, instant transfer, and checking and savings accounts; and full-service setup and support services. This segment also provides loyalty, marketing, team management, and payroll services; and gift cards. It also offers Square Handheld, a portable point-of sale device for transaction purposes. The Cash App segment offers financial tools, including peer-to-peer payments, bitcoin, and stock investment brokerage; Cash App Card, a debit card; Cash App Pay, mobile-friendly way for cash app customers to pay at merchants across online and in-person channels; direct deposit, stock brokerage, and tax preparation services; and Afterpay, a buy now, pay later platform. In addition, the company operates TIDAL, a platform for musicians and fans; TBD, an open developer platform focused on making the decentralized financial world accessible; Bitkey, a self-custody bitcoin wallet; and proto. 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 Oakland, California.
- Industry
- Software - Infrastructure
- Sector
- Technology
- State
- DE
- Filer Category
- Large accelerated filer
- Fiscal Year End
- December 31
- Website
- block.xyz
Price History
Company Snapshot
P/E and reverse DCF are the primary valuation lenses at this stage.
Market Cap
$47.26B
P/E (annual)
37.5
P/S (annual)
2.0
P/B
2.1
P/OCF (annual)
18.3
Shareholder Yield
2.1%
Employees
10,205
Industry
Software - Infrastructure
Exchange
NYSE
Signal Flags
Quality Profile
Profitability
1/1 passSafety
1/1 passCash Flow
3/3 passGrowth
2/2 passTerry Smith quality gate
Passes 1/5 Terry Smith thresholds1 of 5 threshold not computable from filed data.
What Growth Is Priced In
Implied revenue growth (10Y)
7.9%
The annual FCF growth rate today's price requires over a 10-year horizon (discount rate 10%, terminal growth 2.5%).
Buyback tailwind: -2.1% — per-share value needs a total required return of 5.7% once share-count change is priced in.
vs. own 6-year median revenue growth: 17.5%
within its own historyCost-of-equity sensitivity (implied growth at different discount rates)
r = 8%
3.5%
r = 10% (base)
7.9%
r = 12%
11.6%
Net debt / market cap: -1.4%
Valuation History
Current multiple vs historical range at each filing date. Band spans 25th-75th percentile.
P / E
Price / diluted EPS
P / S
Price / revenue per share
P / B
Price / book value per share
P / GP
Price / gross profit per share
P / FCF
Price / free cash flow per share
Earnings bubble check
Current margins may be above sustainable levels — a P/E based on peak earnings can overstate cheapness.
FCF yield, shareholder yield, and buyback activity are the primary reads at this stage.
Profitability
Gross profitability (GP / assets)
0.26
Primary signal (Novy-Marx).
24th pctl of 38 SIC 7372 peers
Return on equity
5.9%
Gross margin
42.8%
5th pctl of 38 SIC 7372 peers
Revenue growth (YoY)
0.3%
Gross margin improving
Margin trend vs prior year.
Operating Leverage
| 2022 | 2023 | 2024 | 2025 | |
|---|---|---|---|---|
| Revenue vs COGS | ||||
| Revenue vs OpEx | ||||
| Op. Income vs Revenue |
Growth
Revenue CAGR (3Y)
11.3%
Revenue CAGR (5Y)
20.6%
Earnings CAGR (3Y)
—
FCF CAGR (3Y)
681.1%
Anti-fragile safety
Balance-sheet safety
Composite anti-fragile check.
Debt / equity
0.78
44th pctl of 33 SIC 7372 peers (best = lowest)
Current ratio
2.21×
62nd pctl of 38 SIC 7372 peers
Quick ratio
0.63×
Net cash
$706.76M
Cash & equivalents minus total debt.
Cash-flow health
Free cash flow
$2.42B
Operating cash flow minus capex.
Positive free cash flow
FCF / net income
0.86
Cash-backing of earnings.
FCF/NI divergence
Unfavorable divergence (yellow flag).
Accruals healthy
Cash-backed earnings.
SBC / revenue
5.0%
Stock-based comp intensity.
Piotroski F-Score
F-Score
N/A
Only 8/9 components determinable.