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Block Inc
Previous close
$66.42
Day range
$64.75 - $66.97
Year range
$38.85 - $87.52
Market cap
40.68B USD
Avg Volume
7.06M
P/E ratio
51.58
Dividend yield
-
Primary exchange
NYSE
In the news
Financials
Income Statement
Revenue
Net income
(USD) | Jun 2024info | Y/Y change |
---|---|---|
Revenue | 6.16B | 11.21% |
Operating expense | 1.93B | -3.72% |
Net income | 195.27M | 291.36% |
Net profit margin | 3.17 | 272.28% |
Earnings per share | 0.93 | 138.46% |
EBITDA | 383.95M | 731.89% |
Effective tax rate | 23.72% | — |
Balance Sheet
Total assets
Total liabilities
(USD) | Jun 2024info | Y/Y change |
---|---|---|
Cash and short-term investments | 8.50B | 44.79% |
Total assets | 37.55B | 20.82% |
Total liabilities | 18.25B | 37.18% |
Total equity | 19.29B | — |
Shares outstanding | 615.64M | — |
Price to book | 2.13 | — |
Return on assets | 2.20% | — |
Return on capital | 3.16% | — |
Cash Flow
Net change in cash
(USD) | Jun 2024info | Y/Y change |
---|---|---|
Net income | 195.27M | 291.36% |
Cash from operations | 519.39M | 358.35% |
Cash from investing | -174.97M | -288.61% |
Cash from financing | 1.14B | 260.26% |
Net change in cash | 1.49B | 333.23% |
Free cash flow | 597.84M | 728.96% |
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