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Financial technology company operating Square (merchant point-of-sale/payments) and Cash App (consumer peer-to-peer payments and banking), plus a Bitcoin business.
Financial technology company operating Square (merchant point-of-sale/payments) and Cash App (consumer peer-to-peer payments and banking), plus a Bitcoin business.
Square takes a small fee on each card payment merchants process, and Cash App earns when users spend with its debit card, move money instantly or borrow. Bitcoin purchases through Cash App are booked as revenue at almost no profit, so gross profit is the better yardstick. It bought Afterpay, a buy-now-pay-later firm, in 2022.
Moat: narrow (network effects, brand, switching costs). Square's integrated hardware/software ecosystem and Cash App's peer-to-peer network create merchant and consumer stickiness.
Headquarters: San Francisco, California, USA · Founded: 2009 · Employees: 10,205
Size Block (XYZ) is a United States Financials company (Miscellaneous Commercial Services) with a market value of $51.7B, the 246th largest of 3,117 United States companies the cockpit tracks. Shares closed at $85.48 on 6 Nov 2026.
Performance Over six months the shares gained 14.2%, against +12.4% for the median peer and -1.1% for the United States market (cap-weighted) — 10th highest of 21 in its peer set.
Growth Revenue grew 7.0% over the last twelve months (peer median +18.5%); the operating margin is 19.9% (peer median 14.7%).
Valuation It trades at 17.1× forward earnings against a peer median of 14.7× (9th most expensive of 20).
Credit Block has 4 bonds outstanding ($3.77B), rated BB+ by the agencies and trading like BBB- at a weighted spread of 130 bp.
Short interest Short interest is 2.6% of the free float (15 Oct 2026).
Next results Next results expected around 25 Feb 2027 (exchange calendar; dates can move).
| TTM | FY2025 | FY2024 | FY2023 | FY2022 | |
|---|---|---|---|---|---|
| Revenue | $25.6B | $24.2B | $24.1B | $21.9B | $17.5B |
| Revenue growth | — | 0% | +10% | +25% | — |
| Gross profit | $12.0B | $10.2B | $8.73B | $7.33B | $5.68B |
| EBITDA | $5.49B | $3.60B | $2.41B | $1.04B | $602M |
| Net income | $461M | $1.31B | $2.90B | $9.77M | -$541M |
| Free cash flow | $3.45B | $2.42B | $1.55B | -$50.2M | $5.09M |
| Capital expenditure | $169M | $155M | $154M | $151M | $171M |
| Total debt | $7.54B | $8.97B | $7.92B | $6.07B | $6.33B |
The default views of Competitor Analysis ▸ Charts, drawn from the same data. Open them in the cockpit to change the axes, pin companies and read every value.
| Company | Market cap | 6M return | Revenue growth | Op. margin | Forward P/E | Req g |
|---|---|---|---|---|---|---|
| Block XYZ | $51.7B | +14% | +7% | 20% | 17.1× | n/a |
| PayPal PYPL | $49.2B | +31% | +5% | 19% | 10.1× | n/a |
| Toast TOST | $20.1B | +38% | +22% | 7% | 20.9× | 28.6% |
| Fiserv FISV | $33.4B | +13% | -2% | 19% | 8.2× | n/a |
Peer set: Industry: the same industry and sector in any market, nearest in size. This is the same default set the interactive Competitor Analysis opens with.
| Measure | XYZ | Peer median | Rank in peer set |
|---|---|---|---|
| 1-month return | +13.6% | +4.7% | 5th highest of 21 |
| 6-month return | +14.2% | +12.4% | 10th highest of 21 |
| Distance from 52-week high | -3.4% | -16.1% | 3rd highest of 21 |
| Revenue growth (TTM) | +7.0% | +18.5% | 6th lowest of 21 |
| Operating margin | 19.9% | 14.7% | 6th highest of 21 |
| Forward P/E | 17.1× | 14.7× | 9th most expensive of 20 |
| Bond spread | 130 bp | 169 bp | 3rd tightest of 5 |
| Company | Market | Market cap | 6M return | Revenue growth | Op. margin | Forward P/E | Req g | Delivered g |
|---|---|---|---|---|---|---|---|---|
| Block XYZ | United States | $51.7B | +14% | +7% | 20% | 17.1× | n/a | n/a |
| PayPal PYPL | United States | $49.2B | +31% | +5% | 19% | 10.1× | n/a | n/a |
| Fiserv FISV | United States | $33.4B | +13% | -2% | 19% | 8.2× | n/a | n/a |
| Corpay CPAY | United States | $29.9B | +32% | +20% | 46% | 14.7× | n/a | n/a |
| Wise WSE | United States | $13.2B | -23% | +20% | 22% | 17.4× | n/a | n/a |
| PayPay Corporation Sponsored ADR PAYP | United States | $9.97B | -24% | +29% | 24% | 16.9× | n/a | n/a |
| WEX WEX | United States | $5.99B | +29% | +10% | 27% | 8.0× | n/a | n/a |
| Klarna KLAR | United States | $5.13B | -6% | +34% | -1% | 106.5× | n/a | n/a |
| Remitly Global RELY | United States | $4.72B | -7% | +24% | 10% | 22.7× | n/a | n/a |
| Paymentus PAY | United States | $3.70B | +20% | +26% | 8% | 32.3× | n/a | n/a |
| Shift4 Payments FOUR | United States | $3.47B | +3% | +32% | 10% | 8.4× | n/a | n/a |
| Euronet Worldwide EEFT | United States | $2.65B | +3% | +5% | 11% | 6.2× | n/a | n/a |
| Flywire FLYW | United States | $2.62B | +25% | +31% | 9% | 33.9× | n/a | n/a |
| Payoneer Global PAYO | United States | $2.42B | +39% | +6% | 12% | 33.9× | n/a | n/a |
| PagSeguro Digital PAGS | United States | $2.11B | -25% | +11% | 38% | 4.5× | n/a | n/a |
| EVERTEC EVTC | United States | $2.00B | +40% | +16% | 20% | 7.8× | n/a | n/a |
| Marqeta MQ | United States | $1.93B | +11% | +17% | 2% | 38.5× | n/a | n/a |
| StoneCo STNE | United States | $1.83B | -30% | -30% | -130% | 3.7× | n/a | n/a |
| Katapult KPLT | United States | $939M | +64% | +13% | 17% | n/a | n/a | n/a |
| PicS PICS | United States | $889M | -44% | +89% | 6% | 2.8× | n/a | n/a |
| Paysign PAYS | United States | $829M | +155% | +47% | 17% | 40.3× | n/a | n/a |
Block has 4 bonds outstanding with $3.77B face value. The agencies rate it BB+; its bonds trade like BBB-. Weighted yield 5.97%, a spread of 130 bp over government bonds.