Block (NYSE:XYZ) is a global technology company that develops financial services and commerce tools for businesses and consumers. Founded in 2009 as Square, the company changed its corporate name to Block in 2021 to reflect the expansion of its operations beyond seller-focused payment solutions.
Through its Square ecosystem, Block provides payment processing, point-of-sale hardware and software, business banking, invoicing, payroll, inventory management and other tools for merchants. Its consumer-focused Cash App offers services that may include peer-to-peer payments, money transfers, investing, debit-card access and bitcoin-related functionality, subject to availability and applicable regulations.
Block also owns Afterpay, a buy now, pay later platform, and has operated additional businesses involving music streaming and bitcoin infrastructure. The company serves merchants and consumers across multiple markets, including the United States, Canada, Australia, Japan and several European countries, with product availability varying by geography.
Block is led by co-founder Jack Dorsey, who serves as chief executive officer. Its operations are organized around financial technology products intended to connect businesses, consumers and financial services through integrated digital platforms.
