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Block Inc
Previous close
$73.53
Day range
$71.40 - $73.60
Year range
$38.85 - $87.52
Market cap
44.20B USD
Avg Volume
8.45M
P/E ratio
92.83
Dividend yield
-
Primary exchange
NYSE
Top news
Q1 earnings report for Block
News about Block CEO Jack Dorsey
Financials
Income Statement
Revenue
Net income
(USD) | Mar 2024info | Y/Y change |
---|---|---|
Revenue | 5.96B | 19.38% |
Operating expense | 1.86B | 7.10% |
Net income | 472.00M | 2,903.21% |
Net profit margin | 7.92 | 2,429.41% |
Earnings per share | 0.85 | 112.50% |
EBITDA | 347.38M | 299.29% |
Effective tax rate | 7.01% | — |
Balance Sheet
Total assets
Total liabilities
(USD) | Mar 2024info | Y/Y change |
---|---|---|
Cash and short-term investments | 6.33B | 3.97% |
Total assets | 35.61B | 13.64% |
Total liabilities | 16.65B | 20.08% |
Total equity | 18.97B | — |
Shares outstanding | 617.04M | — |
Price to book | 2.39 | — |
Return on assets | 1.79% | — |
Return on capital | 2.56% | — |
Cash Flow
Net change in cash
(USD) | Mar 2024info | Y/Y change |
---|---|---|
Net income | 472.00M | 2,903.21% |
Cash from operations | 489.40M | 66.23% |
Cash from investing | 1.04B | 67.07% |
Cash from financing | 32.41M | 456.81% |
Net change in cash | 1.52B | 67.25% |
Free cash flow | 600.25M | -37.17% |
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