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Block Inc
Previous close
$70.30
Day range
$68.98 - $76.50
Year range
$38.85 - $87.52
Market cap
42.77B USD
Avg Volume
7.66M
P/E ratio
4,366.44
Dividend yield
-
Primary exchange
NYSE
Block to invest 10% of its profits in Bitcoin
News about Block
Q1 earnings report for Block
By the numbers
News about Block CEO Jack Dorsey
Financials
Income Statement
Revenue
Net income
(USD) | Dec 2023info | Y/Y change |
---|---|---|
Revenue | 5.77B | 24.13% |
Operating expense | 1.98B | 3.94% |
Net income | 178.07M | 256.44% |
Net profit margin | 3.08 | 225.71% |
Earnings per share | 0.45 | 104.55% |
EBITDA | 100.06M | 149.49% |
Effective tax rate | -48.85% | — |
Balance Sheet
Total assets
Total liabilities
(USD) | Dec 2023info | Y/Y change |
---|---|---|
Cash and short-term investments | 6.25B | 10.52% |
Total assets | 34.07B | 8.63% |
Total liabilities | 15.38B | 8.96% |
Total equity | 18.69B | — |
Shares outstanding | 615.69M | — |
Price to book | 2.32 | — |
Return on assets | 0.51% | — |
Return on capital | 0.70% | — |
Cash Flow
Net change in cash
(USD) | Dec 2023info | Y/Y change |
---|---|---|
Net income | 178.07M | 256.44% |
Cash from operations | -797.92M | -1,858.74% |
Cash from investing | 278.23M | 199.53% |
Cash from financing | 800.44M | -18.24% |
Net change in cash | 338.36M | -57.78% |
Free cash flow | -944.30M | -2.40% |
About
Block, Inc. is a U.S. listed company founded by Jack Dorsey and Jim McKelvey in 2009. It is a financial technology conglomerate. The company reportedly serves 56 million users and 4 million businesses, and processes payments worth US$228 billion annually as of 2023.
Block's inaugural product Square, launched in 2009, is a financial services platform for small and medium-sized businesses. Square enables the use of smartphones or tablets as point-of-sale registers for processing credit card payments. It also facilitates operations such as customer appointments, e-Commerce, inventory, payroll, shift schedules, banking, and borrowing business loans. Additionally, Block’s portfolio includes Cash App, a consumer-focused service introduced in 2013. This app offers peer-to-peer transactions, direct deposits, a savings account, a debit card, investing in stocks and Bitcoin, a tax filing service, and personal loans. Block also owns Afterpay, a buy now, pay later service; TBD, a decentralized platform targeting Bitcoin and decentralized finance; Bitkey, a self-custody Bitcoin wallet service; and Tidal, a subscription-based music streaming service. Wikipedia
CEO
Founded
Feb 2009
Employees
12,985