Block Inc
NYSE:XYZ

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Block Inc
NYSE:XYZ
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Price: 61.83 USD 0.42%
Market Cap: 37.6B USD

Block Inc
Investor Relations

Block, Inc. engages in creating ecosystems for distinct customer audiences. The company is headquartered in Oakland, California and currently employs 12,985 full-time employees. The company went IPO on 2015-11-19. The firm operates through two segments: Square and Cash App. Square segment includes managed payment services, software solutions, hardware, and financial services offered to sellers, excluding those that involve Cash App. Square is a cohesive commerce ecosystem that helps sellers start, run, and grow their businesses, including enabling sellers to accept card payments, provide reporting and analytics, and facilitating next-day settlement. Cash App segment includes the financial tools available to individuals within the mobile Cash App, including peer-to-peer payments, bitcoin and stock investments. Cash App also includes Cash App Card, which is linked to customer stored balances that customers can use to pay for purchases or withdraw funds from an ATM. Cash App also includes the BNPL platform. Its bitcoin ecosystem includes TBD, which is an open developer platform.

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Last Earnings Call
Fiscal Period
Q3 2025
Call Date
Nov 6, 2025
AI Summary
Q3 2025

Gross Profit Beat: Block delivered third quarter gross profit of $2.66 billion, up 18% year-over-year and surpassing expectations, with Cash App being a key growth driver.

Cash App Momentum: Cash App gross profit grew 24% year-over-year, reaching 58 million monthly actives and showing accelerated engagement and retention.

Lending & Credit: Cash App Borrow originations surged 134% year-over-year, with loss rates below 3% and strong annualized net margins of 24%.

Square Growth: Square gross profit rose 9% year-over-year with notable strength from larger sellers (GPV up 20%) and international markets (GPV up 26%).

Guidance Raised: Full-year gross profit guidance increased to $10.243 billion and adjusted operating income to $2.056 billion; Q4 outlook calls for over 19% gross profit growth.

AI & Product Velocity: Block is accelerating its use of AI for sellers and internal operations, aiming for both cost reduction and growth.

Afterpay & BNPL: Afterpay GMV grew 18% (constant currency) with strong post-purchase BNPL adoption, and new partner signings.

Capital Returns: Block repurchased $1.5 billion of stock year-to-date and plans to continue shareholder returns.

Key Financials
Gross Profit
$2.66 billion
Monthly Actives (Cash App)
58 million in September
Gross Profit per Monthly Transacting Active (Cash App)
$94
Primary Banking Actives (Cash App)
8.3 million in September; 8.7 million in October
Cash App Borrow Annualized Net Margins
24%
Cash App Borrow Loss Rate
below 3%
Adjusted Operating Income
$480 million (Q3)
Adjusted Operating Income Margin
18% (Q3)
Adjusted EBITDA
$833 million (Q3)
Post Purchase BNPL Originations (Cash App Card)
$3 billion annualized (early October)
Stock Repurchases
$1.5 billion repurchased year-to-date (through September)
Tax Rate
mid-20% range (2025 and long-term expectation)
Net Interest Expense
$45 million expected for Q4
Earnings Call Recording
Other Earnings Calls

Management

Mr. Jack Dorsey
Co-Founder, Block Head & Chairman
No Bio Available
Mr. James Morgan McKelvey Jr.
Co-Founder & Director
No Bio Available
Ms. Amrita Ahuja
COO, CFO & Treasurer
No Bio Available
Ms. Chrysty Esperanza
Corporate Secretary
No Bio Available
Mr. Ajmere Dale
Chief Accounting Officer
No Bio Available
Mr. Nikhil Dixit
Head of Investor Relations
No Bio Available
Owen Jennings
Head of Business
No Bio Available

Contacts

Address
CALIFORNIA
Oakland
1955 Broadway, Suite 600
Contacts
+14153753176
squareup.com