About Block, Inc.
- Founded in 2009 by Jack Dorsey and Jim McKelvey
- Originally launched as Square, Inc. before rebranding to Block in 2021
- Publicly traded on the NYSE under ticker XYZ
- Mission: Increase access to the global economy through financial technology
- Website – https://block.xyz/
About Block, Inc.
Block, Inc. (NYSE: XYZ) is a global financial technology company building tools that expand access to the economy. Founded in 2009 (formerly Square, Inc.), Block empowers businesses, individuals, and developers with integrated commerce, financial services, and Bitcoin ecosystem solutions.
Our mission is simple: increase access to the global economy through technology that makes money movement, financial management, and commerce seamless and intelligent.
Our Business
Block operates as an AI-driven, innovation-focused fintech platform serving millions of sellers and consumers worldwide. In 2025, the company accelerated product velocity, strengthened profitability, and exceeded the Rule of 40 benchmark — demonstrating strong balance between growth and margin expansion.
With a strategic shift toward a leaner, AI-native operating model, Block is focused on:
- Proactive intelligence and automation
- High-return lending products
- Expanding global commerce enablement
- Strengthening customer engagement across ecosystems
Core Business Units
Commerce Enablement
Block provides businesses with integrated payment processing, software, and financial tools to help them grow efficiently. This includes point-of-sale systems, merchant services, and operational software solutions that support sellers from small businesses to mid-market enterprises.
Q4 2025 Gross Profit: $1.62B (+11% YoY)
Financial Solutions
Through its consumer financial ecosystem, Block delivers peer-to-peer payments, primary banking services, and consumer lending products. The platform continues to deepen engagement, scale lending, and expand financial inclusion.
Q4 2025 Gross Profit: $1.13B (+51% YoY)
Monthly Active Users: 59 million
Primary Banking Actives: 9.3 million
Consumer lending origination volume reached $18.5B in Q4 2025, reflecting strong demand and disciplined risk management.
Bitcoin Ecosystem
Block invests in Bitcoin-related infrastructure and products, including mining hardware and blockchain-based financial tools, supporting decentralized economic access.
Q4 2025 Gross Profit: $118M (+10% YoY)
Financial Performance
Q4 2025 Highlights
- Revenue: $6.25B
- Gross Profit: $2.87B (+24% YoY)
- Operating Income: $485M
- Adjusted Operating Income: $588M (20% margin)
- Adjusted EPS: $0.65
Full Year 2025
- Gross Profit: $10.36B (+17% YoY)
- Operating Income: $1.71B
- Adjusted Operating Income: $2.08B
- Adjusted EPS: $2.37
2026 Outlook
Block expects continued acceleration in growth and profitability:
- Projected Gross Profit: $12.20B (+18% YoY)
- Adjusted Operating Income: $3.20B (26% margin)
- Adjusted EPS: $3.66 (+54% YoY)
The company is investing strategically in AI infrastructure, lending expansion, and global commerce solutions to drive long-term shareholder value.
Our Vision
Block believes intelligence tools are reshaping how companies operate and how customers interact with financial services. By building a smaller, faster, AI-native organization, Block aims to deliver greater value per customer and expand economic access worldwide.
Products & Platforms – Block, Inc.
Block builds an integrated ecosystem of commerce, financial services, and Bitcoin-based products designed for both businesses and individuals.
🏪 1️⃣ Commerce & Seller Products (Square Ecosystem)
🔹 Square
A full-service commerce platform that enables businesses to:
- Accept card and digital payments
- Manage point-of-sale (POS) systems
- Track inventory and analytics
- Run payroll and team management
- Access business loans (Square Loans)
Square serves small businesses, restaurants, retailers, and mid-market sellers globally.
💳 2️⃣ Consumer Financial Products (Cash App Ecosystem)
🔹 Cash App
A financial platform offering:
- Peer-to-peer payments
- Cash App Card (debit card)
- Direct deposit & paycheck deposits
- Stock and Bitcoin investing
- Savings tools
- Consumer lending (Borrow)
Cash App had 59 million monthly active users in Q4 2025 and continues expanding primary banking relationships.
🔹 Afterpay
Buy Now, Pay Later (BNPL) solution that allows customers to:
- Split purchases into installments
- Access flexible payment plans
- Integrate directly with Cash App and merchants
₿ 3️⃣ Bitcoin Ecosystem Products
🔹 Proto
- Bitcoin mining hardware and infrastructure
- Mining unit shipments began scaling in 2025
🔹 Bitkey
- Self-custody Bitcoin wallet
- Designed for secure, user-controlled Bitcoin storage
🤖 4️⃣ AI & Intelligence Tools
Block is integrating agentic AI and proactive intelligence tools across:
- Seller dashboards (real-time insights & recommendations)
- Cash App financial guidance (Moneybot)
- Risk management and underwriting models
The company is transitioning to an AI-native operating structure to accelerate product innovation and improve efficiency.
🌍 Product Philosophy
Block’s products are designed to:
- Expand economic access
- Increase automation through intelligence
- Drive deeper engagement across ecosystems
- Deliver scalable, high-return financial services
Revenue Overview – Block, Inc.
📄 Source:
📊 Q4 2025 Revenue
- Total Revenue: $6.25 billion
- Gross Profit: $2.87 billion (+24% YoY)
💼 Revenue by Category (Q4 2025)
1️⃣ Commerce Enablement
- Revenue: $3.05 billion
- Largest revenue contributor
- Driven by payment processing, software, and seller services
2️⃣ Financial Solutions
- Revenue: $1.22 billion
- Fastest-growing segment
- Driven by Cash App lending, BNPL, and banking-related services
3️⃣ Bitcoin Ecosystem
- Revenue: $1.98 billion
- Includes Bitcoin-related services and Proto mining shipments
📈 Full Year 2025 Highlights
- Total Gross Profit: $10.36 billion (+17% YoY)
- Strong acceleration in Financial Solutions (+51% YoY gross profit in Q4)
- Continued steady growth in Commerce Enablement (+11% YoY gross profit in Q4)
🔮 2026 Revenue Outlook
- Expected Gross Profit: $12.20 billion (+18% YoY growth expected)
Block continues to balance revenue expansion with improving profitability, exceeding Rule of 40 performance metrics in Q4 2025.
