Block (XYZ) Financials

$74.00 -3.26 (-4.22%)

As of 08/1/2025 03:59 PM Eastern

Annual Income Statements for Block

This table shows Block's income and expenses over time, based on annual financial data. All values are USD millions unless otherwise specified.

Metric	2015	2016	2017	2018	2019	2020	2021	2022	2023	2024
Period end date	12/31/2015	12/31/2016	12/31/2017	12/31/2018	12/31/2019	12/31/2020	12/31/2021	12/31/2022	12/31/2023	12/31/2024
Net Income / (Loss) Attributable to Common Shareholders	-212	-172	-63	-38	375	213	166	-541	9.77	2,897
Consolidated Net Income / (Loss)	-180	-172	-63	-38	375	213	159	-553	-21	2,866
Net Income / (Loss) Continuing Operations	-180	-172	-63	-38	375	213	159	-553	-21	2,866
Total Pre-Tax Income	-176	-170	-63	-36	378	216	157	-565	-29	1,357
Total Operating Income	-174	-170	-54	-37	27	-19	161	-625	-279	892
Total Gross Profit	370	576	839	1,304	1,890	2,733	4,420	5,992	7,505	8,889
Total Revenue	1,267	1,709	2,214	3,298	4,714	9,498	17,661	17,532	21,916	24,121
Total Cost of Revenue	897	1,133	1,375	1,994	2,824	6,764	13,241	11,540	14,411	15,232
Operating Cost of Revenue	897	1,133	1,375	1,994	2,824	6,764	13,241	11,540	14,411	15,232
Total Operating Expenses	544	746	894	1,340	1,863	2,752	4,259	6,616	7,784	7,997
Selling, General & Admin Expense	143	252	251	339	437	579	983	1,687	2,209	2,149
Marketing Expense	146	174	253	411	625	1,110	1,617	2,058	2,019	1,984
Research & Development Expense	200	269	322	497	674	882	1,384	2,136	2,721	2,914
Amortization Expense	1.76	-	-	4.36	-	3.86	16	139	174	155
Other Operating Expenses / (Income)	-	-	68	88	127	178	188	551	661	794
Impairment Charge	-	-	-	-	0.00	0.00	71	47	0.00	0.00
Total Other Income / (Expense), net	-1.61	0.78	-8.46	0.49	352	235	-3.65	59	250	465
Interest & Investment Income	-	-	-	-	-	-	-	-36	254	412
Other Income / (Expense), net	-1.61	0.25	1.60	18	373	292	29	95	-4.61	53
Income Tax Expense	3.75	1.92	0.15	2.33	2.77	2.86	-1.36	-12	-8.02	-1,509
Net Income / (Loss) Attributable to Noncontrolling Interest	-	-	-	-	0.00	0.00	-7.46	-12	-31	-31
Basic Earnings per Share	($1.24)	($0.50)	($0.17)	($0.09)	$0.88	$0.48	$0.36	($0.93)	$0.02	$4.70
Weighted Average Basic Shares Outstanding	170.50M	341.56M	379.34M	405.73M	425.00M	443.13M	458.43M	578.95M	608.86M	616.99M
Diluted Earnings per Share	($1.24)	($0.50)	($0.17)	($0.09)	$0.81	$0.44	$0.33	($0.93)	$0.02	$4.56
Weighted Average Diluted Shares Outstanding	170.50M	341.56M	379.34M	405.73M	466.08M	482.17M	501.78M	578.95M	614.02M	636.39M
Weighted Average Basic & Diluted Shares Outstanding	171M	343.20M	369.50M	427.30M	435.23M	454.61M	580.06M	602.03M	615.69M	619.48M

This table shows Block's income and expenses over time, based on quarterly financial data. All values are USD millions unless otherwise specified.

Metric	Q3 2022	Q4 2022	Q1 2023	Q2 2023	Q3 2023	Q4 2023	Q1 2024	Q2 2024	Q3 2024	Q4 2024	Q1 2025
Period end date	9/30/2022	12/31/2022	3/31/2023	6/30/2023	9/30/2023	12/31/2023	3/31/2024	6/30/2024	9/30/2024	12/31/2024	3/31/2025
Net Income / (Loss) Attributable to Common Shareholders	-15	-114	98	-102	-89	102	472	195	284	1,946	190
Consolidated Net Income / (Loss)	-19	-118	96	-105	-94	82	471	190	281	1,925	189
Net Income / (Loss) Continuing Operations	-19	-118	96	-105	-94	82	471	190	281	1,925	189
Total Pre-Tax Income	-36	-112	75	-114	-12	22	506	249	324	278	227
Total Operating Income	-49	-135	-6.17	-132	-9.91	-131	250	307	323	13	329
Total Gross Profit	1,567	1,660	1,715	1,866	1,898	2,026	2,094	2,233	2,250	2,311	2,290
Total Revenue	4,516	4,651	4,990	5,535	5,617	5,773	5,957	6,156	5,976	6,033	5,772
Total Cost of Revenue	2,948	2,991	3,276	3,669	3,719	3,747	3,863	3,922	3,726	3,721	3,482
Operating Cost of Revenue	2,948	2,991	3,276	3,669	3,719	3,747	3,863	3,922	3,726	3,721	3,482
Total Operating Expenses	1,616	1,795	1,721	1,998	1,908	2,156	1,845	1,927	1,927	2,298	1,960
Selling, General & Admin Expense	395	452	433	549	481	746	471	474	476	728	492
Marketing Expense	486	540	496	538	479	506	444	508	512	521	504
Research & Development Expense	548	605	627	695	714	685	721	713	711	770	761
Amortization Expense	37	35	37	37	57	43	43	41	36	35	34
Other Operating Expenses / (Income)	148	155	128	180	177	176	166	192	192	245	170
Total Other Income / (Expense), net	13	23	81	19	-2.50	153	257	-58	1.14	265	-102
Interest & Investment Income	-	-	-	3.94	21	-	-	1.87	-14	-	-17
Other Income / (Expense), net	19	24	78	15	-24	-73	238	-60	15	-140	-85
Income Tax Expense	-17	5.38	-21	-8.15	81	-60	35	59	43	-1,647	38
Net Income / (Loss) Attributable to Noncontrolling Interest	-4.03	-3.80	-2.49	-3.34	-4.81	-20	-1.19	-5.40	-2.62	-21	-1.15
Basic Earnings per Share	($0.02)	($0.17)	$0.16	($0.17)	($0.15)	$0.18	$0.77	$0.32	$0.46	$3.15	$0.31
Weighted Average Basic Shares Outstanding	592.67M	578.95M	602.23M	606.69M	611.28M	608.86M	616.40M	617.67M	616.43M	616.99M	619.37M
Diluted Earnings per Share	($0.02)	($0.17)	$0.16	($0.17)	($0.15)	$0.18	$0.74	$0.31	$0.45	$3.06	$0.30
Weighted Average Diluted Shares Outstanding	592.67M	578.95M	623.58M	606.69M	611.28M	614.02M	637.36M	634.22M	632.76M	636.39M	635.34M
Weighted Average Basic & Diluted Shares Outstanding	598.07M	602.03M	604.90M	610.08M	614.09M	615.69M	617.04M	615.65M	619.81M	619.48M	615.02M

This table details how cash moves in and out of Block's business through operations, investing, and financing, using annual figures. All values are USD millions unless otherwise specified.

Metric	2015	2016	2017	2018	2019	2020	2021	2022	2023	2024
Period end date	12/31/2015	12/31/2016	12/31/2017	12/31/2018	12/31/2019	12/31/2020	12/31/2021	12/31/2022	12/31/2023	12/31/2024
Net Change in Cash & Equivalents	241	-0.81	242	-95	670	3,256	2,182	1,461	573	4,221
Net Cash From Operating Activities	21	23	128	295	328	173	848	176	101	1,707
Net Cash From Continuing Operating Activities	21	23	128	295	328	173	848	176	101	1,707
Net Income / (Loss) Continuing Operations	-180	-172	-63	-38	375	213	159	-553	-21	2,866
Consolidated Net Income / (Loss)	-180	-172	-63	-38	375	213	159	-553	-21	2,866
Depreciation Expense	28	38	37	61	76	84	135	341	409	376
Amortization Expense	-	-	-	-	-	76	31	-592	-984	-1,099
Non-Cash Adjustments To Reconcile Net Income	62	-111	971	1,956	-256	-379	424	359	-93	2,962
Changes in Operating Assets and Liabilities, net	112	268	-818	-1,683	133	178	99	622	791	-3,398
Net Cash From Investing Activities	-43	-114	-341	-906	95	-607	-1,311	1,226	683	650
Net Cash From Continuing Investing Activities	-43	-114	-341	-906	95	-607	-1,311	1,226	683	650
Purchase of Property, Plant & Equipment	-37	-25	-26	-61	-62	-138	-134	-171	-151	-154
Acquisitions	-5.79	-1.76	-1.92	-114	-20	-129	-334	539	0.00	0.00
Purchase of Investments	0.00	-165	-570	-1,148	-1,319	-1,966	-3,252	-19,174	-25,134	-30,570
Sale and/or Maturity of Investments	0.00	77	257	418	1,155	1,627	1,989	20,031	25,969	31,374
Net Cash From Financing Activities	265	91	455	516	243	3,677	2,652	98	-240	1,953
Net Cash From Continuing Financing Activities	265	91	455	516	243	3,677	2,652	98	-240	1,953
Repayment of Debt	-31	-0.17	-1.44	-224	-5.12	-7.36	-658	-2,032	-1,617	-1,375
Repurchase of Common Equity	0.00	-5.53	-55	-	-	-	0.00	0.00	-157	-1,170
Issuance of Debt	0.00	0.00	428	856	0.00	2,581	2,653	1,621	1,388	3,256
Issuance of Common Equity	265	96	220	246	119	394	127	82	130	155
Other Financing Activities, net	1.10	0.00	-137	-362	130	709	530	427	15	1,087
Effect of Exchange Rate Changes	-1.78	-0.44	-	-	3.84	13	-7.07	-38	29	-89

This table details how cash moves in and out of Block's business through operations, investing, and financing, using quarterly figures. All values are USD millions unless otherwise specified.

Metric	Q3 2022	Q4 2022	Q1 2023	Q2 2023	Q3 2023	Q4 2023	Q1 2024	Q2 2024	Q3 2024	Q4 2024	Q1 2025
Period end date	9/30/2022	12/31/2022	3/31/2023	6/30/2023	9/30/2023	12/31/2023	3/31/2024	6/30/2024	9/30/2024	12/31/2024	3/31/2025
Net Change in Cash & Equivalents	480	801	910	-638	-38	338	1,522	1,487	916	296	-141
Net Cash From Operating Activities	16	45	294	113	491	-798	489	519	685	14	133
Net Cash From Continuing Operating Activities	16	45	294	113	491	-798	489	519	685	14	133
Net Income / (Loss) Continuing Operations	-19	-118	96	-105	-94	82	471	190	281	1,925	189
Consolidated Net Income / (Loss)	-19	-118	96	-105	-94	82	471	190	281	1,925	189
Depreciation Expense	89	91	93	95	116	105	98	97	93	89	89
Amortization Expense	-153	-221	-85	-136	-135	-627	-267	-271	-286	-275	-265
Non-Cash Adjustments To Reconcile Net Income	66	-137	658	131	-1,099	216	-476	167	2,803	468	193
Changes in Operating Assets and Liabilities, net	33	430	-467	129	1,704	-574	664	336	-2,206	-2,193	-72
Net Cash From Investing Activities	165	-280	624	-45	-174	278	1,042	-175	106	-323	915
Net Cash From Continuing Investing Activities	165	-280	624	-45	-174	278	1,042	-175	106	-323	915
Purchase of Property, Plant & Equipment	-36	-49	-32	-30	-38	-52	-32	-38	-57	-27	-32
Purchase of Investments	-4,880	-6,327	-4,973	-6,002	-6,369	-7,790	-6,282	-7,361	-7,627	-9,300	-7,068
Sale and/or Maturity of Investments	5,081	6,097	5,629	5,986	6,233	8,120	7,356	7,225	7,789	9,004	8,015
Net Cash From Financing Activities	359	979	-9.08	-712	-320	800	32	1,141	72	708	-1,212
Net Cash From Continuing Financing Activities	359	979	-9.08	-712	-320	800	32	1,141	72	708	-1,212
Repayment of Debt	-65	-183	-698	-580	-189	-150	-791	-223	-86	-276	-2,092
Repurchase of Common Equity	-	-	0.00	-	-	-157	-252	-390	-346	-183	-445
Issuance of Debt	335	909	48	241	275	823	161	2,159	87	849	223
Issuance of Common Equity	6.12	33	6.83	59	4.45	60	20	66	1.85	67	2.28
Other Financing Activities, net	83	220	634	-433	-410	225	895	-472	415	250	1,100
Effect of Exchange Rate Changes	-60	57	1.03	5.92	-35	58	-42	1.98	53	-102	22

This table presents Block's assets and liabilities at the end of each period, using annual balance sheet data. All values are USD millions unless otherwise specified.

Metric	2015	2016	2017	2018	2019	2020	2021	2022	2023	2024
Period end date	12/31/2015	12/31/2016	12/31/2017	12/31/2018	12/31/2019	12/31/2020	12/31/2021	12/31/2022	12/31/2023	12/31/2024
Total Assets	895	1,211	2,187	3,281	4,551	9,870	15,026	31,364	33,031	36,778
Total Current Assets	706	1,001	1,778	2,112	3,220	7,762	11,622	15,623	17,819	19,880
Cash & Equivalents	461	452	696	583	1,047	3,158	4,444	4,544	4,996	8,075
Short-Term Investments	0.00	60	170	541	492	695	869	1,082	852	403
Note & Lease Receivable	0.60	42	73	90	165	463	518	2,345	3,220	2,505
Other Current Assets	230	425	810	898	1,515	3,446	5,791	7,652	8,750	8,897
Plant, Property, & Equipment, net	87	88	91	142	149	234	282	329	296	314
Total Noncurrent Assets	102	122	317	1,027	1,182	1,874	3,123	15,412	14,917	16,583
Long-Term Investments	0.00	27	204	465	537	464	1,526	573	251	472
Goodwill	57	57	58	262	266	317	519	11,967	11,920	11,417
Intangible Assets	27	19	14	77	69	138	257	2,014	1,762	1,433
Noncurrent Deferred & Refundable Income Taxes	-	-	-	-	-	-	-	-	9.40	1,801
Other Noncurrent Operating Assets	3.83	3.19	31	223	310	956	820	857	975	1,460
Total Liabilities & Shareholders' Equity	895	1,211	2,187	3,281	4,551	9,870	15,026	31,364	33,031	36,778
Total Liabilities	387	635	1,401	2,161	2,836	7,188	11,713	14,113	14,338	15,543
Total Current Liabilities	334	577	973	1,019	1,694	4,126	6,536	8,435	8,883	8,547
Short-Term Debt	-	-	-	-	0.00	464	498	922	753	1,184
Accounts Payable	19	13	-	-	1,273	3,009	3,980	5,549	-	5,837
Accrued Expenses	62	60	79	215	298	361	703	1,074	1,335	1,525
Total Noncurrent Liabilities	53	58	428	1,142	1,142	3,062	5,177	5,678	5,455	6,996
Long-Term Debt	0.00	0.00	359	900	939	2,587	4,559	4,987	4,975	6,403
Noncurrent Deferred & Payable Income Tax Liabilities	-	-	-	-	-	-	15	132	36	162
Other Noncurrent Operating Liabilities	53	58	70	242	203	475	603	559	445	431
Commitments & Contingencies	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00
Total Equity & Noncontrolling Interests	508	576	786	1,121	1,715	2,682	3,314	17,251	18,693	21,235
Total Preferred & Common Equity	508	576	786	1,121	1,715	2,682	3,273	17,223	18,695	21,268
Preferred Stock	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00
Total Common Equity	508	576	786	1,121	1,715	2,682	3,273	17,223	18,695	21,268
Common Stock	1,117	1,357	1,630	2,012	2,224	2,955	3,317	18,315	19,602	19,900
Retained Earnings	-608	-779	-843	-886	-510	-297	-28	-569	-528	2,369
Accumulated Other Comprehensive Income / (Loss)	-1.19	-1.99	-1.32	-6.05	1.63	23	-16	-523	-378	-1,001
Noncontrolling Interest	-	-	-	-	-	0.00	41	28	-2.42	-33

This table presents Block's assets and liabilities at the end of each period, using quarterly balance sheet data. All values are USD millions unless otherwise specified.

Metric	Q3 2022	Q1 2023	Q2 2023	Q3 2023	Q1 2024	Q2 2024	Q3 2024	Q1 2025
Period end date	9/30/2022	3/31/2023	6/30/2023	9/30/2023	3/31/2024	6/30/2024	9/30/2024	3/31/2025
Total Assets	29,121	31,337	31,076	32,555	35,613	37,547	36,355	36,396
Total Current Assets	13,549	15,900	15,841	17,541	20,538	22,291	20,775	19,712
Cash & Equivalents	4,332	5,061	4,746	5,112	5,753	7,799	8,300	7,089
Note & Lease Receivable	1,252	1,487	1,628	1,695	1,914	2,978	2,091	3,391
Other Current Assets	6,912	8,329	8,346	9,572	12,297	10,857	9,879	9,233
Plant, Property, & Equipment, net	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00
Total Noncurrent Assets	15,572	15,437	15,235	15,014	15,075	15,255	15,581	16,683
Goodwill	11,558	11,919	11,944	11,749	11,721	11,822	12,048	11,504
Intangible Assets	2,031	1,949	1,878	1,779	1,674	1,629	1,608	1,391
Noncurrent Deferred & Refundable Income Taxes	-	-	-	-	-	-	-	1,766
Other Noncurrent Operating Assets	1,180	1,156	1,115	1,060	1,680	1,804	1,924	2,022
Total Liabilities & Shareholders' Equity	29,121	31,337	31,076	32,555	35,613	37,547	36,355	36,396
Total Liabilities	12,591	13,862	13,306	14,724	16,646	18,254	16,446	14,960
Total Current Liabilities	7,279	8,706	8,239	9,192	12,501	12,231	10,040	8,687
Short-Term Debt	491	766	530	52	1,408	1,462	1,137	0.00
Accounts Payable	4,891	5,750	5,536	6,673	8,137	8,060	6,156	7,103
Accrued Expenses	968	1,066	1,086	1,275	1,275	1,269	1,334	1,584
Total Noncurrent Liabilities	5,312	5,156	5,067	5,532	4,144	6,023	6,406	6,274
Long-Term Debt	4,587	4,497	4,405	4,976	3,669	5,583	5,931	5,727
Other Noncurrent Operating Liabilities	566	659	662	556	475	440	475	546
Commitments & Contingencies	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00
Total Equity & Noncontrolling Interests	16,530	17,475	17,770	17,831	18,967	19,293	19,909	21,435
Total Preferred & Common Equity	16,498	17,449	17,747	17,813	18,971	19,302	19,921	21,469
Preferred Stock	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00
Total Common Equity	16,498	17,449	17,747	17,813	18,971	19,302	19,921	21,469
Common Stock	17,999	18,607	18,993	19,352	19,687	19,696	19,688	19,782
Retained Earnings	-455	-586	-708	-737	-56	139	423	2,558
Accumulated Other Comprehensive Income / (Loss)	-1,047	-573	-537	-802	-660	-532	-190	-871
Noncontrolling Interest	32	26	23	18	-3.61	-9.00	-12	-34

This table displays calculated financial ratios and metrics derived from Block's official financial filings.

Metric	2015	2016	2017	2018	2019	2020	2021	2022	2023	2024
Period end date	12/31/2015	12/31/2016	12/31/2017	12/31/2018	12/31/2019	12/31/2020	12/31/2021	12/31/2022	12/31/2023	12/31/2024
Growth Metrics	-	-	-	-	-	-	-	-	-	-
Revenue Growth	49.04%	34.85%	29.59%	48.95%	42.91%	101.50%	85.95%	-0.73%	25.01%	10.06%
EBITDA Growth	-10.72%	10.77%	88.43%	379.26%	1,010.16%	-8.85%	-17.73%	-319.12%	-10.02%	125.91%
EBIT Growth	-15.34%	3.33%	69.09%	65.51%	2,302.97%	-31.73%	-30.17%	-377.61%	46.43%	433.58%
NOPAT Growth	-15.93%	2.30%	68.20%	32.45%	202.86%	-170.42%	975.31%	-369.02%	55.35%	1,065.59%
Net Income Growth	-16.69%	4.58%	63.39%	38.78%	1,076.38%	-43.24%	-25.47%	-448.18%	96.18%	13,669.86%
EPS Growth	-14.81%	59.68%	66.00%	47.06%	1,000.00%	-45.68%	-25.00%	-381.82%	102.15%	22,700.00%
Operating Cash Flow Growth	118.80%	9.51%	452.12%	131.05%	11.03%	-47.16%	389.76%	-79.25%	-42.60%	1,591.10%
Free Cash Flow Firm Growth	0.00%	28.20%	26.32%	-465.17%	71.62%	-618.44%	105.43%	-34,168.25%	90.19%	121.50%
Invested Capital Growth	0.00%	-99.24%	25,843.97%	1,079.17%	33.77%	145.31%	8.19%	1,007.50%	8.02%	8.46%
Revenue Q/Q Growth	0.00%	4.75%	8.01%	10.61%	8.79%	24.12%	5.49%	3.38%	5.40%	1.09%
EBITDA Q/Q Growth	0.00%	20.86%	26.65%	802.72%	774.82%	-1.39%	-48.08%	-41.60%	-129.35%	1,212.28%
EBIT Q/Q Growth	0.00%	16.68%	10.03%	58.01%	1,687.30%	-23.96%	-66.47%	-10.29%	-48.78%	-12.12%
NOPAT Q/Q Growth	0.00%	16.56%	7.31%	15.27%	2,927.41%	55.73%	-38.12%	-14.81%	1.60%	170.84%
Net Income Q/Q Growth	0.00%	16.18%	4.35%	-70.43%	873.24%	-32.34%	-70.24%	-7.10%	90.43%	179.99%
EPS Q/Q Growth	0.00%	39.02%	-6.25%	-12.50%	836.36%	-33.33%	-70.54%	-2.20%	106.06%	171.43%
Operating Cash Flow Q/Q Growth	0.00%	-43.89%	-1.92%	154.26%	-43.61%	-5.88%	49.87%	-45.86%	-89.31%	90.63%
Free Cash Flow Firm Q/Q Growth	0.00%	0.00%	16.82%	2.74%	-1,515.04%	-31.07%	113.07%	-11.99%	-66.11%	125.39%
Invested Capital Q/Q Growth	0.00%	100.25%	580.13%	9.38%	43.31%	39.51%	-6.26%	9.99%	13.38%	9.35%
Profitability Metrics	-	-	-	-	-	-	-	-	-	-
Gross Margin	29.20%	33.71%	37.90%	39.53%	40.09%	28.78%	25.03%	34.18%	34.24%	36.85%
EBITDA Margin	-11.72%	-7.75%	-0.69%	1.30%	10.08%	4.56%	2.02%	-4.46%	-3.92%	0.92%
Operating Margin	-13.77%	-9.98%	-2.45%	-1.11%	0.56%	-0.20%	0.91%	-3.56%	-1.27%	3.70%
EBIT Margin	-13.90%	-9.96%	-2.38%	-0.55%	8.48%	2.87%	1.08%	-3.02%	-1.29%	3.92%
Profit (Net Income) Margin	-14.19%	-10.04%	-2.84%	-1.17%	7.97%	2.24%	0.90%	-3.15%	-0.10%	11.88%
Tax Burden Percent	102.13%	101.13%	100.24%	106.44%	99.27%	98.67%	100.87%	97.82%	72.48%	211.21%
Interest Burden Percent	100.00%	99.69%	119.11%	199.10%	94.62%	79.13%	82.62%	106.85%	10.28%	143.53%
Effective Tax Rate	0.00%	0.00%	0.00%	0.00%	0.73%	1.33%	-0.87%	0.00%	0.00%	-111.21%
Return on Invested Capital (ROIC)	-1,320.51%	-1,280.43%	-206.66%	-10.95%	5.23%	-1.86%	11.03%	-4.73%	-1.11%	9.87%
ROIC Less NNEP Spread (ROIC-NNEP)	-1,296.94%	-1,270.62%	-202.90%	-9.17%	-32.98%	-21.14%	11.27%	6.45%	-53.66%	-103.30%
Return on Net Nonoperating Assets (RNNOA)	1,249.72%	1,248.78%	197.44%	6.92%	21.25%	11.56%	-5.73%	-0.65%	0.99%	4.49%
Return on Equity (ROE)	-70.79%	-31.65%	-9.22%	-4.03%	26.48%	9.69%	5.30%	-5.38%	-0.12%	14.36%
Cash Return on Invested Capital (CROIC)	-1,520.51%	-1,083.46%	-405.12%	-179.68%	-23.66%	-86.03%	3.16%	-171.60%	-8.82%	1.75%
Operating Return on Assets (OROA)	-19.68%	-16.16%	-3.10%	-0.66%	10.21%	3.78%	1.53%	-2.28%	-0.88%	2.71%
Return on Assets (ROA)	-20.10%	-16.29%	-3.70%	-1.41%	9.59%	2.96%	1.28%	-2.38%	-0.07%	8.21%
Return on Common Equity (ROCE)	-70.79%	-31.65%	-9.22%	-4.03%	26.48%	9.69%	5.26%	-5.36%	-0.12%	14.37%
Return on Equity Simple (ROE_SIMPLE)	-35.39%	-29.78%	-7.99%	-3.43%	21.89%	7.95%	4.85%	-3.21%	-0.11%	13.48%
Net Operating Profit after Tax (NOPAT)	-122	-119	-38	-26	26	-19	163	-437	-195	1,885
NOPAT Margin	-9.64%	-6.98%	-1.71%	-0.78%	0.56%	-0.20%	0.92%	-2.49%	-0.89%	7.81%
Net Nonoperating Expense Percent (NNEP)	-23.57%	-9.81%	-3.75%	-1.78%	38.21%	19.27%	-0.24%	-11.17%	52.55%	113.17%
Return On Investment Capital (ROIC_SIMPLE)	-24.04%	-20.71%	-3.31%	-1.27%	0.99%	-0.32%	1.94%	-1.89%	-0.80%	6.54%
Cost of Revenue to Revenue	70.80%	66.29%	62.10%	60.47%	59.91%	71.22%	74.97%	65.82%	65.76%	63.15%
SG&A Expenses to Revenue	11.32%	14.75%	11.32%	10.29%	9.27%	6.10%	5.56%	9.62%	10.08%	8.91%
R&D to Revenue	15.76%	15.72%	14.54%	15.08%	14.30%	9.28%	7.84%	12.18%	12.42%	12.08%
Operating Expenses to Revenue	42.97%	43.64%	40.35%	40.64%	39.53%	28.98%	24.11%	37.74%	35.52%	33.15%
Earnings before Interest and Taxes (EBIT)	-176	-170	-53	-18	400	273	191	-529	-283	946
Earnings before Interest, Taxes, Depreciation and Amortization (EBITDA)	-148	-132	-15	43	475	433	356	-781	-859	223
Valuation Ratios	-	-	-	-	-	-	-	-	-	-
Price to Book Value (P/BV)	0.00	8.33	17.13	20.70	15.67	36.60	22.76	2.18	2.54	2.48
Price to Tangible Book Value (P/TBV)	0.00	9.61	18.88	29.67	19.48	44.06	29.84	11.59	9.47	6.26
Price to Revenue (P/Rev)	0.00	2.81	6.08	7.03	5.70	10.33	4.22	2.14	2.17	2.18
Price to Earnings (P/E)	0.00	0.00	0.00	0.00	71.60	460.53	448.03	0.00	4,860.84	18.18
Dividend Yield	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%
Earnings Yield	0.00%	0.00%	0.00%	0.00%	1.40%	0.22%	0.22%	0.00%	0.02%	5.50%
Enterprise Value to Invested Capital (EV/IC)	0.00	30,058.34	348.04	52.17	44.61	68.44	47.51	2.20	2.57	2.58
Enterprise Value to Revenue (EV/Rev)	0.00	2.48	5.75	6.82	5.46	10.20	4.12	2.13	2.15	2.13
Enterprise Value to EBITDA (EV/EBITDA)	0.00	0.00	0.00	525.60	54.16	223.60	204.12	0.00	0.00	230.33
Enterprise Value to EBIT (EV/EBIT)	0.00	0.00	0.00	0.00	64.40	354.97	381.77	0.00	0.00	54.24
Enterprise Value to NOPAT (EV/NOPAT)	0.00	0.00	0.00	0.00	976.49	0.00	447.73	0.00	0.00	27.21
Enterprise Value to Operating Cash Flow (EV/OCF)	0.00	183.23	99.69	76.26	78.57	559.62	85.82	212.16	466.78	30.04
Enterprise Value to Free Cash Flow (EV/FCFF)	0.00	0.00	0.00	0.00	0.00	0.00	1,562.31	0.00	0.00	153.24
Leverage & Solvency	-	-	-	-	-	-	-	-	-	-
Debt to Equity	0.00	0.00	0.46	0.80	0.55	1.14	1.53	0.34	0.31	0.36
Long-Term Debt to Equity	0.00	0.00	0.46	0.80	0.55	0.96	1.38	0.29	0.27	0.30
Financial Leverage	-0.96	-0.98	-0.97	-0.75	-0.64	-0.55	-0.51	-0.10	-0.02	-0.04
Leverage Ratio	1.76	1.94	2.49	2.87	2.76	3.28	4.15	2.26	1.79	1.75
Compound Leverage Factor	1.76	1.94	2.97	5.71	2.61	2.60	3.43	2.41	0.18	2.51
Debt to Total Capital	0.00%	0.00%	31.32%	44.54%	35.38%	53.22%	60.41%	25.51%	23.46%	26.32%
Short-Term Debt to Total Capital	0.00%	0.00%	0.00%	0.00%	0.00%	8.10%	5.95%	3.98%	3.08%	4.11%
Long-Term Debt to Total Capital	0.00%	0.00%	31.32%	44.54%	35.38%	45.13%	54.47%	21.53%	20.37%	22.21%
Preferred Equity to Total Capital	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%
Noncontrolling Interests to Total Capital	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.49%	0.12%	-0.01%	-0.11%
Common Equity to Total Capital	100.00%	100.00%	68.68%	55.47%	64.62%	46.78%	39.10%	74.37%	76.55%	73.79%
Debt to EBITDA	0.00	0.00	-23.39	21.01	1.98	7.04	14.19	-7.56	-6.67	34.08
Net Debt to EBITDA	0.00	0.00	48.26	-16.10	-2.39	-2.92	-5.00	0.37	0.43	-6.12
Long-Term Debt to EBITDA	0.00	0.00	-23.39	21.01	1.98	5.97	12.79	-6.38	-5.79	28.76
Debt to NOPAT	0.00	0.00	-9.45	-35.10	35.61	-164.34	31.12	-13.52	-29.35	4.03
Net Debt to NOPAT	0.00	0.00	19.50	26.89	-43.17	68.20	-10.97	0.67	1.90	-0.72
Long-Term Debt to NOPAT	0.00	0.00	-9.45	-35.10	35.61	-139.34	28.06	-11.41	-25.49	3.40
Altman Z-Score	0.00	5.00	6.61	7.45	7.26	9.65	5.44	2.35	2.93	3.23
Noncontrolling Interest Sharing Ratio	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.68%	0.34%	0.07%	-0.09%
Liquidity Ratios	-	-	-	-	-	-	-	-	-	-
Current Ratio	2.11	1.73	1.83	2.07	1.90	1.88	1.78	1.85	2.01	2.33
Quick Ratio	1.38	0.96	0.97	1.19	1.01	1.05	0.89	0.95	1.02	1.29
Cash Flow Metrics	-	-	-	-	-	-	-	-	-	-
Free Cash Flow to Firm (FCFF)	-141	-101	-74	-420	-119	-857	47	-15,866	-1,556	335
Operating Cash Flow to CapEx	56.43%	92.02%	489.37%	482.13%	524.22%	125.08%	631.20%	102.98%	66.79%	1,109.05%
Free Cash Flow to Firm to Interest Expense	0.00	0.00	-7.40	-23.38	-5.54	-15.05	1.41	0.00	0.00	0.00
Operating Cash Flow to Interest Expense	0.00	0.00	12.70	16.41	15.23	3.04	25.60	0.00	0.00	0.00
Operating Cash Flow Less CapEx to Interest Expense	0.00	0.00	10.11	13.01	12.32	0.61	21.54	0.00	0.00	0.00
Efficiency Ratios	-	-	-	-	-	-	-	-	-	-
Asset Turnover	1.42	1.62	1.30	1.21	1.20	1.32	1.42	0.76	0.68	0.69
Accounts Receivable Turnover	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00
Inventory Turnover	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00
Fixed Asset Turnover	14.53	19.47	24.63	28.20	32.33	49.63	68.50	57.35	70.09	79.02
Accounts Payable Turnover	47.54	71.98	0.00	0.00	0.00	3.16	3.79	2.42	0.00	0.00
Days Sales Outstanding (DSO)	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00
Days Inventory Outstanding (DIO)	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00
Days Payable Outstanding (DPO)	7.68	5.07	0.00	0.00	0.00	115.54	96.32	150.69	0.00	0.00
Cash Conversion Cycle (CCC)	-7.68	-5.07	0.00	0.00	0.00	-115.54	-96.32	-150.69	0.00	0.00
Capital & Investment Metrics	-	-	-	-	-	-	-	-	-	-
Invested Capital	18	0.14	37	431	577	1,415	1,531	16,960	18,321	19,871
Invested Capital Turnover	137.02	183.37	120.60	14.10	9.35	9.53	11.99	1.90	1.24	1.26
Increase / (Decrease) in Invested Capital	18	-18	36	395	146	838	116	15,429	1,361	1,550
Enterprise Value (EV)	0.00	4,238	12,732	22,504	25,743	96,876	72,759	37,320	47,126	51,281
Market Capitalization	0.00	4,800	13,472	23,193	26,881	98,142	74,501	37,583	47,500	52,678
Book Value per Share	$2.98	$1.64	$2.02	$2.71	$3.99	$5.95	$7.10	$28.80	$30.44	$34.31
Tangible Book Value per Share	$2.49	$1.42	$1.84	$1.89	$3.21	$4.94	$5.41	$5.42	$8.16	$13.58
Total Capital	508	576	1,145	2,020	2,654	5,733	8,371	23,160	24,421	28,822
Total Debt	0.00	0.00	359	900	939	3,051	5,057	5,908	5,728	7,587
Total Long-Term Debt	0.00	0.00	359	900	939	2,587	4,559	4,987	4,975	6,403
Net Debt	-475	-561	-740	-689	-1,138	-1,266	-1,782	-291	-371	-1,364
Capital Expenditures (CapEx)	37	25	26	61	62	138	134	171	151	154
Debt-free, Cash-free Net Working Capital (DFCFNWC)	-104	-110	-89	-31	-14	246	271	2,484	3,840	4,039
Debt-free Net Working Capital (DFNWC)	371	424	805	1,093	1,526	4,100	5,584	8,110	9,689	12,518
Net Working Capital (NWC)	371	424	805	1,093	1,526	3,636	5,086	7,189	8,936	11,333
Net Nonoperating Expense (NNE)	58	52	25	13	-349	-232	3.68	116	-174	-982
Net Nonoperating Obligations (NNO)	-490	-576	-750	-689	-1,138	-1,266	-1,782	-291	-371	-1,364
Total Depreciation and Amortization (D&A)	28	38	37	61	76	160	166	-252	-576	-723
Debt-free, Cash-free Net Working Capital to Revenue	-8.17%	-6.44%	-4.04%	-0.93%	-0.29%	2.59%	1.53%	14.17%	17.52%	16.75%
Debt-free Net Working Capital to Revenue	29.31%	24.81%	36.38%	33.15%	32.37%	43.16%	31.62%	46.26%	44.21%	51.90%
Net Working Capital to Revenue	29.31%	24.81%	36.38%	33.15%	32.37%	38.28%	28.80%	41.01%	40.77%	46.99%
Earnings Adjustments	-	-	-	-	-	-	-	-	-	-
Adjusted Basic Earnings per Share	($1.24)	($0.50)	($0.17)	($0.09)	$0.88	$0.48	$0.36	($0.93)	$0.02	$4.70
Adjusted Weighted Average Basic Shares Outstanding	170.50M	341.56M	379.34M	405.73M	425.00M	443.13M	458.43M	578.95M	608.86M	616.99M
Adjusted Diluted Earnings per Share	($1.24)	($0.50)	($0.17)	($0.09)	$0.81	$0.44	$0.33	($0.93)	$0.02	$4.56
Adjusted Weighted Average Diluted Shares Outstanding	170.50M	341.56M	379.34M	405.73M	466.08M	482.17M	501.78M	578.95M	614.02M	636.39M
Adjusted Basic & Diluted Earnings per Share	$0.00	$0.00	$0.00	$0.00	$0.00	$0.00	$0.00	$0.00	$0.00	$0.00
Adjusted Weighted Average Basic & Diluted Shares Outstanding	171M	367.19M	396.36M	419.69M	435.23M	454.61M	580.06M	602.03M	615.69M	619.48M
Normalized Net Operating Profit after Tax (NOPAT)	-84	-83	-38	-26	26	-19	163	-405	-195	625
Normalized NOPAT Margin	-6.65%	-4.88%	-1.71%	-0.78%	0.56%	-0.20%	0.92%	-2.31%	-0.89%	2.59%
Pre Tax Income Margin	-13.90%	-9.93%	-2.83%	-1.10%	8.02%	2.27%	0.89%	-3.22%	-0.13%	5.63%
Debt Service Ratios	-	-	-	-	-	-	-	-	-	-
EBIT to Interest Expense	0.00	0.00	-5.23	-1.01	18.58	4.79	5.75	0.00	0.00	0.00
NOPAT to Interest Expense	0.00	0.00	-3.77	-1.43	1.23	-0.33	4.91	0.00	0.00	0.00
EBIT Less CapEx to Interest Expense	0.00	0.00	-7.83	-4.41	15.67	2.36	1.70	0.00	0.00	0.00
NOPAT Less CapEx to Interest Expense	0.00	0.00	-6.37	-4.83	-1.68	-2.76	0.85	0.00	0.00	0.00
Payout Ratios	-	-	-	-	-	-	-	-	-	-
Dividend Payout Ratio	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%
Augmented Payout Ratio	0.00%	-3.22%	-87.26%	0.00%	0.00%	0.00%	0.00%	0.00%	-742.34%	40.83%

This table displays calculated financial ratios and metrics derived from Block's official financial filings.

Metric	Q3 2022	Q4 2022	Q1 2023	Q2 2023	Q3 2023	Q4 2023	Q1 2024	Q2 2024	Q3 2024	Q4 2024	Q1 2025
Period end date	9/30/2022	12/31/2022	3/31/2023	6/30/2023	9/30/2023	12/31/2023	3/31/2024	6/30/2024	9/30/2024	12/31/2024	3/31/2025
Growth Metrics	-	-	-	-	-	-	-	-	-	-	-
Revenue Growth	17.45%	14.03%	25.99%	25.67%	24.40%	24.13%	19.38%	11.21%	6.38%	4.50%	-3.11%
EBITDA Growth	-292.24%	-1,977.55%	142.32%	38.26%	43.06%	-201.05%	300.76%	145.90%	368.43%	56.88%	-78.61%
EBIT Growth	-373.02%	-80.45%	137.01%	39.76%	-12.77%	-83.89%	581.48%	310.29%	1,099.28%	37.65%	-49.90%
NOPAT Growth	-312.16%	-147.52%	95.01%	38.20%	79.69%	-412.48%	3,033.37%	352.89%	4,139.29%	118.59%	17.86%
Net Income Growth	-551.74%	-45.24%	146.21%	49.65%	-399.06%	169.69%	391.32%	280.18%	400.54%	2,248.02%	-59.92%
EPS Growth	0.00%	-13.33%	142.11%	52.78%	-650.00%	205.88%	362.50%	282.35%	400.00%	1,600.00%	-59.46%
Operating Cash Flow Growth	-96.14%	-76.66%	28.32%	198.86%	3,021.08%	-1,858.74%	66.23%	358.35%	39.42%	101.73%	-72.75%
Free Cash Flow Firm Growth	-2,191.99%	-9,969.41%	99.82%	93.63%	94.61%	88.11%	-4,630.90%	-23.79%	-132.57%	20.91%	-67.29%
Invested Capital Growth	843.90%	1,007.50%	0.11%	5.09%	4.79%	8.02%	9.10%	8.11%	12.46%	8.46%	13.30%
Revenue Q/Q Growth	2.52%	3.00%	7.29%	10.92%	1.49%	2.77%	3.19%	3.33%	-2.92%	0.95%	-4.32%
EBITDA Q/Q Growth	63.42%	-155.40%	132.94%	-300.61%	66.26%	-1,250.42%	161.36%	-77.02%	97.29%	-316.94%	121.75%
EBIT Q/Q Growth	84.62%	-269.36%	164.59%	-264.19%	71.21%	-502.31%	14,312.27%	-49.33%	36.81%	-137.58%	292.33%
NOPAT Q/Q Growth	77.18%	-177.07%	91.63%	-1,068.05%	92.50%	-6,892.13%	147.89%	0.70%	19.79%	-67.82%	203.59%
Net Income Q/Q Growth	91.04%	-527.51%	181.47%	-209.97%	11.23%	187.63%	474.38%	-59.67%	48.07%	584.60%	-90.19%
EPS Q/Q Growth	94.44%	-750.00%	194.12%	-206.25%	11.76%	220.00%	311.11%	-58.11%	45.16%	580.00%	-90.20%
Operating Cash Flow Q/Q Growth	113.73%	188.30%	548.90%	-61.51%	333.44%	-262.46%	161.33%	6.13%	31.84%	-97.98%	866.20%
Free Cash Flow Firm Q/Q Growth	1.49%	-12.32%	99.83%	-3,297.81%	16.64%	-147.64%	40.63%	11.09%	-56.62%	15.79%	-42.66%
Invested Capital Q/Q Growth	-2.02%	9.99%	-4.25%	1.85%	-2.31%	13.38%	-4.61%	0.92%	1.63%	9.35%	1.02%
Profitability Metrics	-	-	-	-	-	-	-	-	-	-	-
Gross Margin	34.70%	35.70%	34.36%	33.71%	33.80%	35.09%	35.16%	36.28%	37.65%	38.32%	39.67%
EBITDA Margin	-2.09%	-5.18%	1.59%	-2.88%	-0.96%	-12.57%	5.34%	1.19%	2.41%	-5.19%	1.18%
Operating Margin	-1.08%	-2.91%	-0.12%	-2.39%	-0.18%	-2.26%	4.19%	4.98%	5.41%	0.22%	5.71%
EBIT Margin	-0.66%	-2.38%	1.43%	-2.12%	-0.60%	-3.53%	8.18%	4.01%	5.66%	-2.11%	4.23%
Profit (Net Income) Margin	-0.42%	-2.53%	1.92%	-1.90%	-1.67%	1.42%	7.90%	3.08%	4.70%	31.90%	3.27%
Tax Burden Percent	52.02%	104.79%	128.27%	92.82%	754.08%	371.17%	92.99%	76.28%	86.73%	692.84%	83.12%
Interest Burden Percent	120.15%	101.33%	104.42%	96.64%	36.68%	-10.84%	103.84%	100.76%	95.91%	-218.71%	92.94%
Effective Tax Rate	0.00%	0.00%	-28.27%	0.00%	0.00%	-271.17%	7.01%	23.72%	13.27%	-592.84%	16.88%
Return on Invested Capital (ROIC)	-1.50%	-3.86%	-0.18%	-2.04%	-0.16%	-10.44%	5.25%	5.19%	6.52%	1.89%	6.01%
ROIC Less NNEP Spread (ROIC-NNEP)	-2.75%	-1.64%	-8.60%	-0.96%	6.06%	-181.59%	-13.95%	8.52%	6.46%	-209.58%	12.52%
Return on Net Nonoperating Assets (RNNOA)	0.35%	0.17%	0.61%	0.07%	-0.49%	3.35%	0.95%	-0.61%	-0.58%	9.11%	-0.81%
Return on Equity (ROE)	-1.16%	-3.69%	0.43%	-1.97%	-0.65%	-7.09%	6.21%	4.58%	5.93%	10.99%	5.20%
Cash Return on Invested Capital (CROIC)	-166.15%	-171.60%	-1.86%	-6.36%	-5.93%	-8.82%	-8.82%	-5.74%	-7.68%	1.75%	-0.14%
Operating Return on Assets (OROA)	-0.52%	-1.80%	0.88%	-1.39%	-0.41%	-2.40%	5.59%	2.75%	3.92%	-1.46%	2.81%
Return on Assets (ROA)	-0.33%	-1.91%	1.18%	-1.25%	-1.12%	0.97%	5.40%	2.11%	3.26%	22.05%	2.17%
Return on Common Equity (ROCE)	-1.15%	-3.68%	0.42%	-1.97%	-0.65%	-7.08%	6.20%	4.58%	5.93%	11.00%	5.20%
Return on Equity Simple (ROE_SIMPLE)	-3.13%	0.00%	-1.43%	-0.82%	-1.24%	0.00%	1.87%	3.36%	5.14%	0.00%	12.04%
Net Operating Profit after Tax (NOPAT)	-34	-95	-7.92	-92	-6.94	-485	232	234	280	90	274
NOPAT Margin	-0.76%	-2.03%	-0.16%	-1.67%	-0.12%	-8.40%	3.90%	3.80%	4.69%	1.49%	4.74%
Net Nonoperating Expense Percent (NNEP)	1.24%	-2.22%	8.42%	-1.08%	-6.23%	171.15%	19.20%	-3.33%	0.06%	211.47%	-6.51%
Return On Investment Capital (ROIC_SIMPLE)	-0.16%	-0.41%	-0.03%	-0.41%	-0.03%	-1.99%	0.97%	0.89%	1.04%	0.31%	1.01%
Cost of Revenue to Revenue	65.30%	64.30%	65.64%	66.29%	66.20%	64.91%	64.84%	63.72%	62.35%	61.68%	60.33%
SG&A Expenses to Revenue	8.76%	9.71%	8.67%	9.92%	8.56%	12.93%	7.91%	7.69%	7.96%	12.07%	8.52%
R&D to Revenue	12.14%	13.00%	12.56%	12.55%	12.71%	11.87%	12.10%	11.59%	11.90%	12.76%	13.18%
Operating Expenses to Revenue	35.78%	38.60%	34.48%	36.10%	33.97%	37.35%	30.97%	31.30%	32.24%	38.10%	33.96%
Earnings before Interest and Taxes (EBIT)	-30	-111	72	-117	-34	-204	488	247	338	-127	244
Earnings before Interest, Taxes, Depreciation and Amortization (EBITDA)	-94	-241	79	-159	-54	-726	318	73	144	-313	68
Valuation Ratios	-	-	-	-	-	-	-	-	-	-	-
Price to Book Value (P/BV)	1.97	2.18	2.37	2.27	1.52	2.54	2.74	2.06	2.07	2.48	1.57
Price to Tangible Book Value (P/TBV)	11.16	11.59	11.54	10.26	6.30	9.47	9.32	6.80	6.60	6.26	3.93
Price to Revenue (P/Rev)	1.91	2.14	2.23	2.04	1.30	2.17	2.27	1.69	1.73	2.18	1.41
Price to Earnings (P/E)	0.00	0.00	0.00	0.00	0.00	4,860.84	135.45	58.45	39.24	18.18	12.87
Dividend Yield	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%
Earnings Yield	0.00%	0.00%	0.00%	0.00%	0.00%	0.02%	0.74%	1.71%	2.55%	5.50%	7.77%
Enterprise Value to Invested Capital (EV/IC)	2.03	2.20	2.47	2.36	1.57	2.57	2.86	2.15	2.18	2.58	1.61
Enterprise Value to Revenue (EV/Rev)	1.85	2.13	2.16	1.98	1.22	2.15	2.22	1.63	1.66	2.13	1.35
Enterprise Value to EBITDA (EV/EBITDA)	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	2,332.89	230.33	0.00
Enterprise Value to EBIT (EV/EBIT)	0.00	0.00	0.00	0.00	0.00	0.00	149.23	54.49	36.79	54.24	45.94
Enterprise Value to NOPAT (EV/NOPAT)	0.00	0.00	0.00	0.00	0.00	0.00	0.00	108.76	56.88	27.21	13.84
Enterprise Value to Operating Cash Flow (EV/OCF)	96.58	212.16	166.56	83.32	26.84	466.78	171.26	54.66	44.19	30.04	23.87
Enterprise Value to Free Cash Flow (EV/FCFF)	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	153.24	0.00
Leverage & Solvency	-	-	-	-	-	-	-	-	-	-	-
Debt to Equity	0.31	0.34	0.30	0.28	0.28	0.31	0.27	0.37	0.36	0.36	0.27
Long-Term Debt to Equity	0.28	0.29	0.26	0.25	0.28	0.27	0.19	0.29	0.30	0.30	0.27
Financial Leverage	-0.13	-0.10	-0.07	-0.07	-0.08	-0.02	-0.07	-0.07	-0.09	-0.04	-0.06
Leverage Ratio	2.20	2.26	1.73	1.73	1.80	1.79	1.84	1.85	1.83	1.75	1.78
Compound Leverage Factor	2.65	2.29	1.81	1.67	0.66	-0.19	1.91	1.87	1.75	-3.82	1.66
Debt to Total Capital	23.50%	25.51%	23.15%	21.74%	22.00%	23.46%	21.11%	26.75%	26.20%	26.32%	21.09%
Short-Term Debt to Total Capital	2.27%	3.98%	3.37%	2.34%	0.23%	3.08%	5.85%	5.55%	4.21%	4.11%	0.00%
Long-Term Debt to Total Capital	21.23%	21.53%	19.78%	19.40%	21.77%	20.37%	15.26%	21.20%	21.99%	22.21%	21.09%
Preferred Equity to Total Capital	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%
Noncontrolling Interests to Total Capital	0.15%	0.12%	0.11%	0.10%	0.08%	-0.01%	-0.02%	-0.03%	-0.04%	-0.11%	-0.13%
Common Equity to Total Capital	76.35%	74.37%	76.74%	78.16%	77.93%	76.55%	78.90%	73.29%	73.84%	73.79%	79.04%
Debt to EBITDA	-9.21	-7.56	-10.24	-11.88	-13.42	-6.67	-12.28	-38.92	416.60	34.08	-208.25
Net Debt to EBITDA	2.01	0.37	2.40	2.96	4.46	0.43	3.02	7.80	-102.37	-6.12	49.50
Long-Term Debt to EBITDA	-8.32	-6.38	-8.75	-10.61	-13.28	-5.79	-8.88	-30.84	349.59	28.76	-208.25
Debt to NOPAT	-13.34	-13.52	-18.61	-21.88	-25.35	-29.35	-251.88	19.97	10.16	4.03	2.46
Net Debt to NOPAT	2.91	0.67	4.37	5.45	8.43	1.90	62.02	-4.00	-2.50	-0.72	-0.58
Long-Term Debt to NOPAT	-12.05	-11.41	-15.91	-19.53	-25.09	-25.49	-182.04	15.82	8.52	3.40	2.46
Altman Z-Score	2.36	2.39	2.64	2.70	2.01	2.93	2.83	2.28	2.57	3.14	2.49
Noncontrolling Interest Sharing Ratio	0.40%	0.34%	0.18%	0.17%	0.15%	0.07%	0.06%	0.04%	0.02%	-0.09%	-0.09%
Liquidity Ratios	-	-	-	-	-	-	-	-	-	-	-
Current Ratio	1.86	1.85	1.83	1.92	1.91	2.01	1.64	1.82	2.07	2.33	2.27
Quick Ratio	0.91	0.95	0.87	0.91	0.87	1.02	0.66	0.93	1.09	1.29	1.21
Cash Flow Metrics	-	-	-	-	-	-	-	-	-	-	-
Free Cash Flow to Firm (FCFF)	-13,821	-15,524	-26	-894	-745	-1,846	-1,245	-1,107	-1,734	-1,460	-2,083
Operating Cash Flow to CapEx	43.37%	92.39%	912.79%	383.84%	1,303.45%	-1,543.55%	1,529.46%	1,354.10%	1,209.85%	51.12%	418.22%
Free Cash Flow to Firm to Interest Expense	-2,287.44	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00
Operating Cash Flow to Interest Expense	2.60	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00
Operating Cash Flow Less CapEx to Interest Expense	-3.40	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00
Efficiency Ratios	-	-	-	-	-	-	-	-	-	-	-
Asset Turnover	0.79	0.76	0.61	0.66	0.67	0.68	0.68	0.69	0.69	0.69	0.66
Accounts Receivable Turnover	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00
Inventory Turnover	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00
Fixed Asset Turnover	0.00	57.35	0.00	0.00	0.00	70.09	0.00	0.00	0.00	79.02	0.00
Accounts Payable Turnover	2.62	2.42	2.34	2.56	2.36	0.00	2.16	2.24	2.38	0.00	1.95
Days Sales Outstanding (DSO)	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00
Days Inventory Outstanding (DIO)	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00
Days Payable Outstanding (DPO)	139.52	150.69	155.99	142.82	154.56	0.00	168.98	162.69	153.45	0.00	187.27
Cash Conversion Cycle (CCC)	-139.52	-150.69	-155.99	-142.82	-154.56	0.00	-168.98	-162.69	-153.45	0.00	-187.27
Capital & Investment Metrics	-	-	-	-	-	-	-	-	-	-	-
Invested Capital	15,420	16,960	16,240	16,540	16,159	18,321	17,717	17,881	18,172	19,871	20,074
Invested Capital Turnover	1.99	1.90	1.14	1.22	1.32	1.24	1.35	1.37	1.39	1.26	1.27
Increase / (Decrease) in Invested Capital	13,787	15,429	18	802	738	1,361	1,477	1,341	2,014	1,550	2,356
Enterprise Value (EV)	31,377	37,320	40,120	39,061	25,348	47,126	50,686	38,372	39,580	51,281	32,261
Market Capitalization	32,455	37,583	41,329	40,268	27,002	47,500	51,940	39,793	41,328	52,678	33,656
Book Value per Share	$27.95	$28.80	$28.98	$29.34	$29.20	$30.44	$30.78	$31.28	$32.36	$34.31	$34.66
Tangible Book Value per Share	$4.93	$5.42	$5.95	$6.49	$7.02	$8.16	$9.05	$9.48	$10.18	$13.58	$13.84
Total Capital	21,608	23,160	22,738	22,705	22,858	24,421	24,044	26,338	26,977	28,822	27,162
Total Debt	5,078	5,908	5,263	4,935	5,028	5,728	5,077	7,045	7,068	7,587	5,727
Total Long-Term Debt	4,587	4,987	4,497	4,405	4,976	4,975	3,669	5,583	5,931	6,403	5,727
Net Debt	-1,110	-291	-1,235	-1,230	-1,672	-371	-1,250	-1,412	-1,737	-1,364	-1,361
Capital Expenditures (CapEx)	36	49	32	30	38	52	32	38	57	27	32
Debt-free, Cash-free Net Working Capital (DFCFNWC)	1,377	2,484	1,875	2,265	2,127	3,840	3,118	3,065	3,067	4,039	3,937
Debt-free Net Working Capital (DFNWC)	6,761	8,110	7,960	8,132	8,400	9,689	9,445	11,523	11,872	12,518	11,026
Net Working Capital (NWC)	6,270	7,189	7,194	7,602	8,348	8,936	8,037	10,061	10,735	11,333	11,026
Net Nonoperating Expense (NNE)	-15	23	-104	13	87	-567	-239	44	-0.99	-1,835	85
Net Nonoperating Obligations (NNO)	-1,110	-291	-1,235	-1,230	-1,672	-371	-1,250	-1,412	-1,737	-1,364	-1,361
Total Depreciation and Amortization (D&A)	-64	-130	7.86	-42	-20	-522	-169	-174	-194	-186	-176
Debt-free, Cash-free Net Working Capital to Revenue	8.12%	14.17%	10.10%	11.50%	10.23%	17.52%	13.63%	13.04%	12.85%	16.75%	16.45%
Debt-free Net Working Capital to Revenue	39.87%	46.26%	42.89%	41.30%	40.40%	44.21%	41.27%	49.03%	49.75%	51.90%	46.06%
Net Working Capital to Revenue	36.97%	41.01%	38.76%	38.61%	40.15%	40.77%	35.12%	42.81%	44.99%	46.99%	46.06%
Earnings Adjustments	-	-	-	-	-	-	-	-	-	-	-
Adjusted Basic Earnings per Share	($0.02)	($0.17)	($0.03)	($0.20)	($0.05)	$0.18	$0.77	$0.32	$0.46	$3.15	$0.31
Adjusted Weighted Average Basic Shares Outstanding	592.67M	578.95M	602.23M	606.69M	611.28M	608.86M	616.40M	617.67M	616.43M	616.99M	619.37M
Adjusted Diluted Earnings per Share	($0.02)	($0.17)	($0.03)	($0.20)	($0.05)	$0.18	$0.74	$0.31	$0.45	$3.06	$0.30
Adjusted Weighted Average Diluted Shares Outstanding	592.67M	578.95M	602.23M	606.69M	611.28M	614.02M	637.36M	634.22M	632.76M	636.39M	635.34M
Adjusted Basic & Diluted Earnings per Share	$0.00	$0.00	$0.00	$0.00	$0.00	$0.00	$0.00	$0.00	$0.00	$0.00	$0.00
Adjusted Weighted Average Basic & Diluted Shares Outstanding	598.07M	602.03M	604.90M	610.08M	614.09M	615.69M	617.04M	615.65M	619.81M	619.48M	615.02M
Normalized Net Operating Profit after Tax (NOPAT)	-33	-95	-4.32	-92	-6.94	-91	232	234	280	9.11	274
Normalized NOPAT Margin	-0.73%	-2.03%	-0.09%	-1.67%	-0.12%	-1.58%	3.90%	3.80%	4.69%	0.15%	4.74%
Pre Tax Income Margin	-0.80%	-2.41%	1.50%	-2.05%	-0.22%	0.38%	8.50%	4.04%	5.42%	4.60%	3.93%
Debt Service Ratios	-	-	-	-	-	-	-	-	-	-	-
EBIT to Interest Expense	-4.96	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00
NOPAT to Interest Expense	-5.65	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00
EBIT Less CapEx to Interest Expense	-10.97	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00
NOPAT Less CapEx to Interest Expense	-11.66	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00
Payout Ratios	-	-	-	-	-	-	-	-	-	-	-
Dividend Payout Ratio	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%
Augmented Payout Ratio	0.00%	0.00%	0.00%	0.00%	0.00%	-742.34%	115.55%	123.00%	111.74%	40.83%	52.76%

Key Financial Trends

Block, Inc. (NYSE: XYZ) has shown a mixed but generally improving financial performance from Q3 2022 through Q1 2025, with some fluctuations in operating results and cash flows. Here's an analysis highlighting key trends over the last four years based on the quarterly financial statements:

Revenue Growth: Total revenue increased from about $4.52 billion in Q3 2022 to over $5.77 billion in Q1 2025, demonstrating a steady top-line expansion.
Gross Profit Improvement: Gross profit rose from approximately $1.57 billion in Q3 2022 to roughly $2.29 billion in Q1 2025, indicating better cost management relative to revenue growth.
Net Income Recovery: Block's net income improved substantially, turning from losses in 2022 (e.g., Q3 2022 loss around $18.7 million) to positive earnings in recent quarters, reaching about $189.9 million in Q1 2025.
Operating Expense Control: Selling, general, and administrative expenses and marketing expenses were elevated in some quarters but showed a degree of discipline in recent periods, supporting improved operating income.
Strong Cash Position: Cash and equivalents have grown from roughly $4.33 billion in Q3 2022 to about $7.09 billion in Q1 2025, bolstering liquidity.
Increase in Total Equity: Total shareholders' equity increased from about $16.5 billion in Q3 2022 to over $21.47 billion in Q1 2025, indicating stronger capitalization.
Investment Activity: Significant purchases and sales of investments occur quarterly, showing active portfolio management but introducing variability in cash flows.
Debt Levels Fluctuating: Long-term debt shifted from $4.59 billion in Q3 2022 to $5.73 billion in Q1 2025, with repayments and issuances balancing out; this indicates ongoing debt management but requires monitoring.
Research & Development Spend Consistent: R&D expenses have remained high (about $550 million to $760 million quarterly), reflecting a commitment to innovation but impacting profitability.
Operating Income and Net Income Volatility: Operating income and net income have fluctuated significantly in some quarters, including losses in early 2023 periods, which highlights ongoing risks to earnings stability.

Summary: Block, Inc. has experienced revenue growth and improvements in profitability and liquidity over the last several years. While the company has increased its cash reserves and equity base, operating income volatility and substantial investments in R&D and marketing continue to pressure earnings. Investors should watch its ability to sustain margin improvements and manage debt as key indicators of future performance.

08/03/25 11:59 AMAI Generated. May Contain Errors.

Frequently Asked Questions About Block's Financials

When does Block's fiscal year end?

According to the most recent income statement we have on file, Block's financial year ends in December. Their financial year 2024 ended on December 31, 2024.

How has Block's net income changed over the last 9 years?

Block's net income appears to be on an upward trend, with a most recent value of $2.87 billion in 2024, falling from -$179.82 million in 2015. The previous period was -$21.12 million in 2023. See Block's forecast for analyst expectations on what’s next for the company.

What is Block's operating income?

Block's total operating income in 2024 was $892.33 million, based on the following breakdown:

Total Gross Profit: $8.89 billion
Total Operating Expenses: $8.00 billion

How has Block's revenue changed over the last 9 years?

Over the last 9 years, Block's total revenue changed from $1.27 billion in 2015 to $24.12 billion in 2024, a change of 1,803.6%.

How much debt does Block have?

Block's total liabilities were at $15.54 billion at the end of 2024, a 8.4% increase from 2023, and a 3,919.1% increase since 2015.

How much cash does Block have?

In the past 9 years, Block's cash and equivalents has ranged from $452.03 million in 2016 to $8.08 billion in 2024, and is currently $8.08 billion as of their latest financial filing in 2024.

How has Block's book value per share changed over the last 9 years?

Over the last 9 years, Block's book value per share changed from 2.98 in 2015 to 34.31 in 2024, a change of 1,051.5%.

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This page (NYSE:XYZ) was last updated on 8/3/2025 by MarketBeat.com Staff

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