Block Inc.'s income statement, balance sheet and cash flow statement as filed with the SEC (10-K and 10-Q), with the latest fiscal years and quarters. In its latest fiscal year (Dec 31, 2025 · FY), Block Inc. reported revenue of $24.2B (+0.3% year on year) and net income of $1.3B (-54.9% year on year).
| Line item | Dec 31, 2025 · FY | Dec 31, 2024 · FY | Dec 31, 2023 · FY | Dec 31, 2022 · FY |
|---|---|---|---|---|
| Total net revenue | $24.2B | $24.1B | $21.9B | $17.5B |
| Cost of revenue | $13.8B | $15.2B | $14.3B | $11.5B |
| Amortization of acquired technology assets | $56.9M | $68.4M | $72.8M | $70.2M |
| Total cost of revenue | $13.8B | $15.2B | $14.4B | $11.5B |
| Gross profit | $10.4B | $8.9B | $7.5B | $6.0B |
| Product development | $2.9B | $2.9B | $2.7B | $2.1B |
| Sales and marketing | $2.3B | $2.0B | $2.0B | $2.1B |
| General and administrative | $2.0B | $2.1B | $2.2B | $1.7B |
| Transaction, loan, and consumer receivable losses | $1.3B | $794.2M | $660.7M | $550.7M |
| Amortization of customer and other acquired intangible assets | $135.7M | $154.7M | $174.0M | $138.8M |
| Total operating expenses | $8.7B | $8.0B | $7.8B | $6.6B |
| Operating income (loss) | $1.7B | $892.3M | ($278.8M) | ($624.5M) |
| Interest expense (income), net | $129.4M | $9.3M | ($47.2M) | — |
| Remeasurement loss (gain) on bitcoin investment | $55.9M | ($420.9M) | — | — |
| Other expense (income), net | ($166.8M) | ($53.2M) | ($202.5M) | ($95.4M) |
| Income (loss) before income tax | $1.7B | $1.4B | ($29.1M) | ($565.3M) |
| Total | $385.7M | ($1.5B) | ($8.0M) | ($12.3M) |
| Net income (loss) | $1.3B | $2.9B | ($21.1M) | ($553.0M) |
| Less: Net loss attributable to noncontrolling interests | ($1.4M) | ($30.6M) | ($30.9M) | ($12.3M) |
| Net income attributable to common stockholders | $1.3B | $2.9B | $9.8M | ($540.7M) |
| Basic (in USD per share) | $2.13 | $4.70 | $0.02 | -$0.93 |
| Diluted (in USD per share) | $2.10 | $4.56 | $0.02 | -$0.93 |
| Basic (in shares) | 612.2M | 617.0M | 608.9M | 578.9M |
| Diluted (in shares) | 622.8M | 636.4M | 614.0M | 578.9M |
| Line item | Jun 30, 2026 · Q2 | Mar 31, 2026 · Q1 | Sep 30, 2025 · Q3 | Jun 30, 2025 · Q2 |
|---|---|---|---|---|
| Total | $6.6B | $6.1B | $6.1B | $6.1B |
| Cost of revenue | $3.4B | $3.1B | $3.4B | $3.5B |
| Amortization of acquired technology assets | $12.8M | $12.8M | $13.9M | $14.4M |
| Total cost of revenue | $3.5B | $3.1B | $3.5B | $3.5B |
| Gross profit | $3.2B | $2.9B | $2.7B | $2.5B |
| Product development | $608.7M | $1.0B | $711.2M | $725.3M |
| Sales and marketing | $665.0M | $650.5M | $599.3M | $549.7M |
| General and administrative | $825.9M | $857.6M | $544.0M | $449.2M |
| Transaction, loan, and consumer receivable losses | $585.5M | $500.1M | $363.5M | $294.1M |
| Amortization of customer and other acquired intangible assets | $34.3M | $34.2M | $34.1M | $33.9M |
| Total operating expenses | $2.7B | $3.1B | $2.3B | $2.1B |
| Operating income | $446.9M | ($172.0M) | $409.4M | $484.3M |
| Interest expense, net | $55.7M | $53.2M | $34.7M | $23.7M |
| Remeasurement loss (gain) on bitcoin investment | $88.5M | $172.8M | ($59.6M) | ($212.2M) |
| Other expense (income), net | $1.2M | ($5.4M) | ($167.2M) | $13.4M |
| Income (loss) before income tax | $301.5M | ($392.6M) | $601.5M | $659.4M |
| Provision for income taxes | $214.4M | ($84.0M) | $139.9M | $121.0M |
| Net income (loss) | $87.1M | ($308.6M) | $461.6M | $538.3M |
| Less: Net loss attributable to noncontrolling interests | ($1.4M) | $86.0K | $54.0K | ($124.0K) |
| Net income (loss) attributable to common stockholders | $88.5M | ($308.7M) | $461.5M | $538.5M |
| Basic (in USD per share) | $0.15 | -$0.52 | $0.76 | $0.88 |
| Diluted (in USD per share) | $0.15 | -$0.52 | $0.74 | $0.87 |
| Basic (in shares) | 597.8M | 597.6M | 610.2M | 612.9M |
| Diluted (in shares) | 608.8M | 597.6M | 621.7M | 618.9M |
| Line item | Dec 31, 2025 · FY | Dec 31, 2024 · FY | Dec 31, 2023 · FY | Dec 31, 2022 · FY |
|---|---|---|---|---|
| Cash and cash equivalents | $6.6B | $8.1B | $5.0B | $4.5B |
| Investments in short-term debt securities | $517.8M | $403.4M | $851.9M | $1.1B |
| Settlements receivable | $1.4B | $1.1B | $3.2B | $2.4B |
| Customer funds | $4.8B | $4.2B | $3.2B | $3.2B |
| Consumer receivables, net | $2.7B | $2.5B | $2.4B | $1.9B |
| Loans held for investment, net | $3.4B | — | — | — |
| Other current assets | $3.6B | $2.5B | $2.4B | $1.6B |
| Total current assets | $22.9B | $19.9B | $18.9B | $15.6B |
| Property and equipment, net | $323.4M | $314.4M | $296.1M | $329.3M |
| Goodwill | $11.8B | $11.4B | $11.9B | $12.0B |
| Acquired intangible assets, net | $1.3B | $1.4B | $1.8B | $2.0B |
| Investments in long-term debt securities | $188.9M | $472.0M | $251.1M | $573.4M |
| Bitcoin investment | $777.5M | — | — | — |
| Operating lease right-of-use assets | $214.9M | $220.0M | $244.7M | $373.2M |
| Deferred tax assets | $1.3B | $1.8B | — | — |
| Other non-current assets | $754.8M | $1.2B | $739.5M | $484.2M |
| Total assets | $39.5B | $36.8B | $34.1B | $31.4B |
| Customers payable | $6.8B | $5.8B | $6.8B | $5.5B |
| Accrued expenses and other current liabilities | $1.5B | $1.5B | $1.3B | $1.1B |
| Current portion of long-term debt (Note 14) | $1.6B | $999.5M | $0 | $460.4M |
| Warehouse funding facilities, current | $466.9M | $185.0M | $753.0M | $461.2M |
| Total current liabilities | $10.4B | $8.5B | $9.9B | $8.4B |
| Deferred tax liabilities | $1.2M | $162.4M | $35.7M | $132.5M |
| Warehouse funding facilities, non-current | $897.9M | $1.3B | $854.9M | $877.1M |
| Long-term debt (Note 14) | $5.7B | $5.1B | $4.1B | — |
| Operating lease liabilities, non-current | $257.1M | $278.6M | $289.8M | $357.4M |
| Other non-current liabilities | $123.5M | $152.2M | $155.0M | $201.7M |
| Total liabilities | $17.4B | $15.5B | $15.4B | $14.1B |
| Preferred stock, $0.0000001 par value: 100,000 shares authorized at December 31, 2025 and December 31, 2024. None issued and outstanding at December 31, 2025 and December 31, 2024. | 0 | 0 | 0 | 0 |
| Common stock | $0 | $0 | $0 | $0 |
| Additional paid-in capital | $18.9B | $19.9B | $19.6B | $18.3B |
| Accumulated other comprehensive loss | ($365.4M) | ($1.0B) | ($378.3M) | ($523.1M) |
| Retained earnings | $3.7B | $2.4B | ($528.4M) | ($568.7M) |
| Total stockholders’ equity attributable to common stockholders | $22.2B | $21.3B | $18.7B | $17.2B |
| Noncontrolling interests | ($34.4M) | ($33.0M) | ($2.4M) | $28.5M |
| Total stockholders’ equity | $22.2B | $21.2B | $18.7B | $17.3B |
| Total liabilities and stockholders’ equity | $39.5B | $36.8B | $34.1B | $31.4B |
| Line item | Jun 30, 2026 | Mar 31, 2026 | Sep 30, 2025 | Jun 30, 2025 |
|---|---|---|---|---|
| Cash and cash equivalents | $6.4B | $6.9B | $8.3B | $6.4B |
| Settlements receivable | $1.4B | $1.2B | $1.2B | $1.2B |
| Customer funds | $5.5B | $5.9B | $4.8B | $4.9B |
| Consumer receivables, net | $2.5B | $2.3B | $2.1B | $2.2B |
| Loans held for investment, net | $3.7B | $3.4B | — | — |
| Other current assets | $3.6B | $4.0B | $2.6B | $2.5B |
| Total current assets | $23.1B | $23.8B | $22.1B | $19.7B |
| Goodwill | $12.0B | $12.0B | $11.8B | $11.8B |
| Acquired intangible assets, net | $1.2B | $1.2B | $1.3B | $1.4B |
| Deferred tax assets | $1.3B | $1.4B | $1.5B | $1.8B |
| Bitcoin investment | $533.9M | $617.3M | — | — |
| Other non-current assets | $1.0B | $1.0B | $2.4B | $2.2B |
| Total assets | $39.2B | $40.0B | $39.2B | $36.9B |
| Customers payable | $7.6B | $7.9B | $6.8B | $7.0B |
| Accrued expenses and other current liabilities | $2.3B | $2.2B | $1.6B | $1.4B |
| Current portion of long-term debt (Note 12) | $0 | $1.6B | $1.6B | $1.6B |
| Warehouse funding facilities, current | $572.4M | $283.6M | $157.4M | $120.0M |
| Total current liabilities | $10.5B | $12.0B | $10.1B | $10.1B |
| Warehouse funding facilities, non-current | $589.6M | $258.9M | $343.6M | $583.9M |
| Long-term debt (Note 12) | $5.7B | $5.7B | $5.7B | $3.5B |
| Other non-current liabilities | $356.7M | $360.9M | $544.6M | $540.4M |
| Total liabilities | $17.1B | $18.3B | $16.7B | $14.7B |
| Preferred stock, $0.0000001 par value: 100,000 shares authorized at June 30, 2026 and December 31, 2025. None issued and outstanding at June 30, 2026 and December 31, 2025. | 0 | 0 | 0 | 0 |
| Common stock | $0 | $0 | $0 | $0 |
| Additional paid-in capital | $18.9B | $18.6B | $19.4B | $19.4B |
| Accumulated other comprehensive loss | ($257.6M) | ($252.1M) | ($415.7M) | ($381.9M) |
| Retained earnings | $3.5B | $3.4B | $3.6B | $3.1B |
| Total stockholders’ equity attributable to common stockholders | $22.0B | $21.7B | $22.5B | $22.2B |
| Noncontrolling interests | ($35.8M) | ($34.3M) | ($34.2M) | ($34.2M) |
| Total stockholders’ equity | $22.0B | $21.7B | $22.5B | $22.1B |
| Total liabilities and stockholders’ equity | $39.2B | $40.0B | $39.2B | $36.9B |
| Line item | Dec 31, 2025 · FY | Dec 31, 2024 · FY | Dec 31, 2023 · FY | Dec 31, 2022 · FY |
|---|---|---|---|---|
| Net income (loss) | $1.3B | $2.9B | ($21.1M) | ($553.0M) |
| Depreciation and amortization | $369.5M | $376.1M | $408.6M | $340.5M |
| Amortization of discounts and premiums and other non-cash adjustments | ($1.1B) | ($1.1B) | ($984.4M) | ($592.5M) |
| Non-cash lease expense | $56.7M | $72.1M | $144.2M | $129.8M |
| Share-based compensation | $1.2B | $1.3B | $1.3B | $1.1B |
| Loss (gain) on revaluation of equity investments | ($172.3M) | ($32.2M) | $16.5M | ($73.5M) |
| Remeasurement loss (gain) on bitcoin investment | $55.9M | ($420.9M) | — | — |
| Transaction, loan, and consumer receivable losses | $1.3B | $794.2M | $660.7M | $550.7M |
| Change in deferred income taxes | $335.0M | ($1.7B) | ($85.9M) | ($69.6M) |
| Goodwill and intangible asset impairment | $0 | $133.9M | — | — |
| Purchases and originations of loans originally classified as held for sale | ($14.2B) | — | — | — |
| Proceeds from repayments of loans originally classified as held for sale | $14.2B | — | — | — |
| Settlements receivable | ($487.3M) | $1.9B | ($1.1B) | ($1.5B) |
| Customers payable | $373.9M | ($1.9B) | $1.3B | $1.1B |
| Settlements payable | ($330.0K) | ($8.1M) | ($454.0M) | $207.9M |
| Prepaid expenses | ($159.4M) | — | — | — |
| Other assets and liabilities | ($568.4M) | $121.4M | ($379.3M) | ($369.6M) |
| Net cash provided by operating activities | $2.6B | $1.7B | $101.0M | $175.9M |
| Purchases of marketable debt securities | ($700.8M) | ($1.2B) | ($1.1B) | ($755.7M) |
| Proceeds from maturities of marketable debt securities | $469.0M | $1.0B | $1.4B | $999.6M |
| Proceeds from sale of marketable debt securities | $409.4M | $446.1M | $339.1M | $449.7M |
| Payments for originations of consumer receivables | ($32.1B) | ($29.3B) | ($24.0B) | ($18.4B) |
| Proceeds from principal repayments and sales of consumer receivables | $32.9B | $29.9B | $24.2B | $18.2B |
| Purchases and originations of loans originally classified as held for investment | ($17.6B) | — | — | — |
| Proceeds from repayments of loans originally classified as held for investment | $14.1B | — | — | — |
| Purchases of property and equipment | ($155.0M) | ($153.9M) | ($151.2M) | ($170.8M) |
| Purchases of other investments | ($64.6M) | ($53.9M) | ($33.9M) | ($56.7M) |
| Net cash provided by (used in) investing activities | ($2.8B) | $650.0M | $683.2M | $1.2B |
| Proceeds from issuance of senior notes | $2.2B | $2.0B | $0 | $0 |
| Payments of debt issuance costs from issuance of senior notes | ($28.3M) | ($26.6M) | — | — |
| Payments to redeem convertible notes | ($1.0B) | $0 | ($461.8M) | ($1.1B) |
| Proceeds from warehouse facilities borrowings | $1.3B | $1.3B | $1.4B | $1.6B |
| Repayments of warehouse facilities borrowings | ($1.5B) | ($1.3B) | ($1.1B) | ($391.5M) |
| Proceeds from the exercise of stock options and purchases under the employee stock purchase plan | 88.9M | 154.8M | 130.4M | 81.8M |
| Net increase in interest-bearing deposits | $55.5M | $74.9M | $25.1M | $82.0M |
| Repurchases of common stock | ($2.3B) | ($1.2B) | ($156.8M) | — |
| Other financing activities | ($35.3M) | ($18.5M) | ($20.0M) | ($87.7M) |
| Change in customer funds, restricted from use in the Company's operations | $589.0M | $1.0B | ($9.9M) | $349.3M |
| Net cash provided by (used in) financing activities | ($613.1M) | $2.0B | ($240.1M) | $97.6M |
| Effect of foreign exchange rate on cash and cash equivalents | $86.1M | ($88.5M) | $29.2M | ($38.4M) |
| Net increase (decrease) in cash, cash equivalents, restricted cash, and customer funds | ($749.2M) | $4.2B | $573.2M | $1.5B |
| Cash, cash equivalents, restricted cash, and customer funds, beginning of the period | $13.2B | $9.0B | $8.4B | $7.0B |
| Cash, cash equivalents, restricted cash, and customer funds, end of the period | $12.5B | $13.2B | $9.0B | $8.4B |
| Cash and cash equivalents | $6.6B | $8.1B | $5.0B | $4.5B |
| Short-term restricted cash | $1.1B | $902.5M | $770.4M | $639.8M |
| Line item | Jun 30, 2026 · YTD | Mar 31, 2026 · Q1 | Sep 30, 2025 · YTD | Jun 30, 2025 · YTD |
|---|---|---|---|---|
| Net income (loss) | ($221.5M) | ($308.6M) | $1.2B | $727.1M |
| Depreciation and amortization | $191.0M | $96.0M | $273.5M | $181.3M |
| Amortization of discounts and premiums | ($603.1M) | — | — | — |
| Non-cash lease expense and other non-cash adjustments | $118.3M | — | — | — |
| Share-based compensation | $598.5M | $338.7M | $922.0M | $612.6M |
| Loss (gain) on revaluation of equity investments | $9.8M | $5.7M | ($172.6M) | ($1.5M) |
| Remeasurement loss (gain) on bitcoin investment | $261.3M | $172.8M | ($178.4M) | ($118.8M) |
| Transaction, loan, and consumer receivable losses | $1.1B | $500.1M | $827.2M | $463.8M |
| Change in deferred income taxes | $49.5M | ($79.0M) | $182.8M | $52.0M |
| Purchases and originations of loans originally classified as held for sale | ($3.7B) | ($1.8B) | ($12.4B) | ($10.6B) |
| Proceeds from repayments of loans originally classified as held for sale | $3.7B | $1.8B | $12.5B | $10.2B |
| Settlements receivable | ($145.0M) | $89.7M | ($291.4M) | ($258.6M) |
| Customers payable | $41.1M | ($122.4M) | $313.1M | $315.6M |
| Prepaid expenses | ($30.8M) | ($70.8M) | — | — |
| Other assets and liabilities | $617.1M | $557.5M | ($376.8M) | ($476.6M) |
| Net cash provided by operating activities | $2.0B | $965.6M | $2.0B | $507.7M |
| Purchases of marketable debt securities | ($243.3M) | ($75.2M) | ($481.1M) | ($282.1M) |
| Proceeds from maturities of marketable debt securities | $370.6M | $137.1M | $423.3M | $278.6M |
| Proceeds from sale of marketable debt securities | $44.4M | $28.4M | $392.2M | $373.8M |
| Payments for originations of consumer receivables | ($16.4B) | ($7.8B) | ($22.6B) | ($14.6B) |
| Proceeds from principal repayments and sales of consumer receivables | $17.0B | $8.4B | $23.7B | $15.5B |
| Purchases and originations of loans originally classified as held for investment | ($21.9B) | ($10.6B) | ($7.6B) | ($1.2B) |
| Proceeds from repayments of loans originally classified as held for investment | $20.8B | $10.2B | $5.6B | $457.2M |
| Purchases of property and equipment | ($83.8M) | ($30.6M) | ($113.8M) | ($63.2M) |
| Other investing activities | $323.4M | $1.7M | — | — |
| Net cash provided by (used in) investing activities | ($6.3M) | $300.0M | ($671.8M) | $428.9M |
| Repayments of senior notes | ($1.0B) | — | — | — |
| Payments to redeem convertible notes | ($575.0M) | $0 | ($1.0B) | ($1.0B) |
| Proceeds from warehouse facilities borrowings | $939.2M | $224.0M | $448.5M | $435.5M |
| Repayments of warehouse facilities borrowings | ($1.2B) | ($1.1B) | ($1.5B) | ($1.2B) |
| Proceeds from the exercise of stock options and purchases under the employee stock purchase plan | 50.3M | 618.0K | 58.2M | 51.1M |
| Net increase in interest-bearing deposits | $90.0M | $55.3M | $81.2M | $54.8M |
| Repurchases of common stock | ($700.9M) | ($636.0M) | ($1.5B) | ($1.1B) |
| Other financing activities | ($15.4M) | — | ($35.3M) | ($35.3M) |
| Change in customer funds, restricted from use in the Company's operations | $758.5M | $1.2B | $620.8M | $754.9M |
| Net cash used in financing activities | ($1.6B) | ($251.9M) | ($652.9M) | ($2.1B) |
| Effect of foreign exchange rate on cash and cash equivalents | ($526.0K) | ($471.0K) | $80.5M | $94.9M |
| Net increase (decrease) in cash, cash equivalents, restricted cash, and customer funds | $369.9M | $1.0B | $714.5M | ($1.1B) |
| Cash, cash equivalents, restricted cash, and customer funds, beginning of the period | $12.5B | $12.5B | $13.2B | $13.2B |
| Cash, cash equivalents, restricted cash, and customer funds, end of the period | $12.9B | $13.5B | $13.9B | $12.1B |
| Cash and cash equivalents | $6.4B | $6.9B | $8.3B | $6.4B |
| Short-term restricted cash | $821.7M | $621.3M | $731.6M | $745.5M |
| Long-term restricted cash | $71.9M | $73.7M | $73.8M | $75.0M |
| Customer funds cash and cash equivalents | $5.5B | $5.9B | $4.8B | $4.9B |
| Total | $12.9B | $13.5B | $13.9B | $12.1B |
Block Inc. score and earnings-call analysis · All covered companies
Figures as reported in SEC filings. General information, not investment advice.