Block, Inc. (XYZ) Stock

Block, Inc. (XYZ) is a Technology stock trading at $79.81 (as of 2026-07-17), with a market capitalization of $47.69B and a trailing P/E of 54.2. Figures are sourced from first-party U.S. SEC EDGAR filings and market data.

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.

Understand Block, Inc.: how it makes money

Block builds payment tools, including Square hardware and point-of-sale software for sellers and Cash App tools for consumers, and it earns revenue from payments transactions plus subscription and services, including Cash App revenue that can include bitcoin.

Block's profit engine depends on the mix of transaction-based revenue and subscription or services-based revenue across its Cash App and Square businesses, because those revenue streams are the core outputs of its payments platform plus related software and services.

Revenue by segment (latest quarter)
Cash App$4.1B
Square$2.0B
Corp & Other$0.1B

Business quality (Weak): Clear revenue split between Cash App and Square, gross margin is positive, but operating margin is negative, so investor focus should be on operating metrics like Cash App revenue and Square revenue to see whether growth is translating into operating profitability.

Valuation: Trades at 58× trailing earnings · $44B market cap.

Bull case

  • Cash App is a major revenue contributor: Cash App revenue is 4.13B out of total revenue of 6.1B (2026-03-31).
  • Revenue mix includes more than one source: Block reports transaction-based revenue (1.42B) and subscription and services-based revenue (1.37B), which can provide diversification within its payments platform business.
  • Square adds an additional channel tied to merchant payments: Square revenue is 1.98B, supporting the idea that Block has both consumer and seller payment exposure.

Bear case

  • Operating losses despite positive gross margin: Gross margin is 48.0% but operating margin is -2.8%, indicating operating expense levels are outweighing gross profit.
  • Cash App revenue includes bitcoin-related revenue exposure: Bitcoin revenue is 2.73B, and excluding bitcoin revenue, revenue is 3.55B, which suggests results can move based on bitcoin-related contributions.
  • Transaction-based revenue dependence: Transaction-based revenue is 1.42B, which highlights that a meaningful portion of revenue is tied to payments activity rather than purely recurring revenue.
Valuation — source: SEC EDGAR (first-party)
Price$79.81
Market Cap$47.69B
P/E Ratio54.2
EV / EBITDA24.5
Price / Book2.20
Price / Sales1.99
FCF Yield7.0%
DCF Value (model)$48.38
DCF Upside vs Price-39.4%
Profitability & Growth — source: SEC EDGAR
Revenue (TTM)$24.19B
Net Margin5.4%
Revenue Growth (YoY)0.3%
EPS Growth (YoY)-54.7%
FCF Growth (YoY)56.1%
Financial Health — source: SEC EDGAR
Altman Z-Score2.98 (grey)
Valuation vs Sector & Industry
Stock P/E54.2
Sector P/E (Technology)34.7
Industry P/E (Business Services)30.7
vs Sector56.3%
vs Industry76.4%
Smart-Money Activity — SEC Form 4 / 13F / Congressional disclosures
Top Institutional HolderVANGUARD GROUP INC ($4.37B)
Institutional Holders Tracked10
Congressional Trades (recent)6
Company
SectorTechnology
IndustryBusiness Services
CEOJack Dorsey
Employees12,000
CountryUS
IPO Date2015-11-19

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XYZ earnings history · XYZ institutional & insider holders · XYZ KPIs & operating metrics · Congress trades · Insider trades · Short interest · Stock screener

Data as of 2026-07-17.

Figures sourced from U.S. Securities and Exchange Commission (SEC EDGAR) filings and market data. Not personalized investment advice.