Block (NYSE:XYZ) Inc. (NYSE:XYZ) is a global financial services and digital commerce company that operates two primary business segments: Seller and Cash App. Through the Seller segment, Block provides merchants with hardware and software solutions for point-of-sale transactions, inventory management and e-commerce integration. The Cash App segment offers peer-to-peer payment services, banking features and investing tools directly to consumers via a mobile application.
The Seller business includes a range of offerings such as compact card readers, countertop registers and all-in-one point-of-sale terminals. Accompanying software services allow small businesses to process payments, manage payroll, track sales analytics and access financing through seller loans. Block’s integrated ecosystem aims to streamline retail, food service and personal services operations by combining payment acceptance with business management tools.
The Cash App platform enables users to send and receive funds instantly, deposit paychecks, purchase and sell bitcoin, and invest in fractional shares of publicly traded companies. With features like a customizable debit card and peer-to-peer payments, Cash App has become a popular option for consumers seeking digital banking alternatives. The platform’s open API also allows developers to build financial services and loyalty programs on top of its infrastructure.
Founded in 2009 by Jack Dorsey and Jim McKelvey, Block is headquartered in San Francisco and serves customers across the United States, Canada, the United Kingdom, Australia, Japan and parts of Europe. Originally known as Square, the company rebranded to Block in late 2021 to reflect its broader ecosystem and strategic focus on expanding financial services across both merchant and consumer markets. Jack Dorsey continues to lead the company as Chief Executive Officer, supported by a leadership team with deep experience in finance, technology and global operations.
