Inside the research

Block, Inc.

XYZ Research profile · latest available data

Price overview

$76.42

▼ -0.32 (-0.4%)

52w hi$84.85
52w lo$49.09
Vol3.33M
As of25 Sep 2026

The Verdict

Hold

Our score +0.30

Short+0.13
Medium+0.55
Long+0.12

computed 2026-09-27

Key fundamentals

Block, Inc.

Technology · Software - Infrastructure

Market cap$45.91B
Enterprise value$46.31B
Trailing P/E136.46x
Forward P/E14.74x
EV / EBITDA29.92x
P / S (ttm)1.83x
Profit margin1.4%
Return on equity1.6%
Revenue growth+9.3%
Earnings growth-83.3%
Debt / equity32.58

Layer Breakdown

LayerRawContribution
Fundamental+0.03
Sector+0.19
Technical+0.16
Earnings+0.00
Sentiment+0.00

macro × 1.00 · 2026-09-27

Business overview

Block, Inc., together with its subsidiaries, builds ecosystems focused on commerce and financial products and services in the United States and internationally. 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.

United States · www.block.xyz

Risk Metrics

Beta vs SPX1.78
Corr SPX0.56
Annual vol50.8%
Annual ret+19.3%
Sharpe0.38
Max DD-53.0%

Window: 504 trading days (504 obs)

Analyst Coverage

Mean PT$89.25
High / Low$100.00 / $40.00
Median$90.00
Analysts42
Strong Buy8
Buy29
Hold8
Sell0
Strong Sell1

Recent rating actions

2026-05-08RBC Capital→ Outperform
2026-05-08Piper Sandler→ Underweight
2026-05-08Needham→ Buy
2026-05-08Keefe, Bruyette & Woods→ Outperform
2026-05-08Citigroup→ Buy
2026-05-08BTIG→ Buy

Officers & Board

FounderJim McKelvey since 2009
FounderJack Dorsey since 2009
CEOJack Dorsey since 2009

Material Events

DateEvent8-K
2026-08-05Earnings Release, Exhibitsread
2026-06-18Shareholder Voteread
2026-06-05Officer / Director Changeread
2026-05-07Earnings Release, Exhibitsread
2026-05-04Officer / Director Changeread
2026-02-26Earnings Release, Restructuring…read
2026-01-23Officer / Director Changeread
2026-01-14Material Agreement, Material Obligation…read
2025-11-19Other Material Eventread
2025-11-06Earnings Release, Exhibitsread
2025-08-21Officer / Director Changeread
2025-08-18Material Agreement, Material Obligation…read

Flow & Concentration

Insider 180d net$0
Insider buys / sells0 / 0
Insider biasNeutral
13F holders10
Top-5 share88.3%
HHI2,377 (moderate)

Top Holders

HolderValueShares
Citadel Advisors$892.30M11.74M
Tiger Global Management$347.78M4.58M
Ark Invest$235.45M3.10M
Capital Research / Capital World$217.40M2.86M
Fidelity / FMR LLC$186.42M2.45M
Millennium Management$132.07M1.74M
AQR Capital Management$69.15M909.91K
Bridgewater Associates$31.40M413.10K
State Street Corp$14.19M14.97M
T. Rowe Price Group$3.02M39.73M

As of 2026-06-30

Connections

Subsidiarys: MOBI, Square Fin. Services

Federal Contracts

AmountAgencyDescription
$2.00KDepartment of EducationSUBJECT MATTER EXPERTS FOR PEER REVIEWS-THE PURPOSE OF THIS PROCUREMENT ACTION I

SEC Filings

DateFormDoc
2026-08-144view
2026-08-114view
2026-08-074view
2026-08-064view
2026-08-0510-Qview
2026-08-058-Kview
2026-08-054view
2026-08-034view
2026-07-314view
2026-07-294view
2026-07-244view
2026-07-214view
2026-07-164view
2026-07-134view
2026-07-084view

The Long Run

FY 2016–2025 · 10 years

LineLatestCAGRTrend
Revenue$21.92B+32.8%
Gross profit$10.36B+37.9%
Operating income-$278.84M+453.9%
Net income$2.90B+66.7%
Cash from ops$100.96M+17.8%

Indices

S&P 500

Recent Sessions

DateOpenHighLowCloseVol
Sep 25$76.51$77.19$75.40$76.423.33M
Sep 24$74.58$76.82$74.42$76.743.65M
Sep 23$76.67$76.86$74.36$74.685.17M
Sep 22$79.22$79.82$77.06$77.533.80M
Sep 21$77.29$78.17$76.37$77.913.68M

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