Block
Connects Square sellers and Cash App consumers through payments, software, lending, and Afterpay.
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Profile
Sells commerce and financial tools through Square for businesses and Cash App for consumers, earning from payment processing, software, card spending, lending, buy-now-pay-later, and bitcoin activity. Shared payments, risk, identity, and data infrastructure connects the two ecosystems across a primarily US business.
Runs two primary ecosystems: Cash App for consumers and Square for sellers. Cash App combines peer-to-peer transfers, card spending, direct deposit, savings, stock and bitcoin access, short-term borrowing, and Afterpay buy-now-pay-later products. Square earns from payment processing and bundles point-of-sale software, hardware, payroll, marketing, banking, and lending tools for businesses.
Uses self-service onboarding and peer-to-peer network effects to acquire customers, while shared payments, identity, risk, and data infrastructure connects both ecosystems. Transaction histories support credit underwriting, and Bitkey and Proto extend its bitcoin work into self-custody and mining hardware. Operations are concentrated in the United States, with Square and Afterpay serving selected international markets.
Relies on card networks and partner banks, while money transmission, lending, securities, banking, bitcoin, and buy-now-pay-later activities require licenses and regulatory oversight.
Company facts
Categories
Key statistics
Year to date +28.3% · Average volume (30d) 4.6M
Analysts
Ratings
Target range
Latest analyst notes
| Date | Firm | Action | Rating | Prior target | Target |
|---|---|---|---|---|---|
| Aug 25, 2026 | Wolfe Research | Reiterate | Outperform | $75 | $115 |
| Aug 14, 2026 | Canaccord Genuity | Target | $85 | $100 | |
| Aug 7, 2026 | Argus Research | Reiterate | Buy | $59 | $103 |
| Aug 6, 2026 | Robert W. Baird | Target | $98 | $105 | |
| Aug 6, 2026 | Piper Sandler | Reiterate | Overweight | $32 | $105 |
Earnings
EPS
Revenue
History
| Report date | EPS est | EPS | Surprise | Revenue est | Revenue | Surprise | Next session |
|---|---|---|---|---|---|---|---|
| Aug 5, 2026Q2 FY26 | $0.87 | $1.02 | +17.1% | $6.47B | $6.62B | +2.2% | −6.15% |
| May 7, 2026Q1 FY26 | $0.68 | $0.85 | +25.9% | $6.03B | $6.06B | +0.4% | +6.72% |
| Feb 26, 2026Q4 FY25 | $0.65 | $0.65 | −0.3% | $6.28B | $6.25B | −0.4% | +16.82% |
| Nov 6, 2025Q3 FY25 | $0.64 | $0.54 | −15.4% | $6.30B | $6.11B | −3.0% | −7.73% |
Financial highlights
| 12 quarters | Q1 FY25 | Q2 FY25 | Q3 FY25 | Q4 FY25 | Q1 FY26 | Q2 FY26 | |
|---|---|---|---|---|---|---|---|
| Revenue | $5.77B | $6.05B | $6.11B | $6.25B | $6.06B | $6.62B | |
| Gross profit | $2.29B | $2.54B | $2.66B | $2.87B | $2.91B | $3.17B | |
| Operating income | $499.0M | $778.4M | $772.9M | $995.4M | $328.1M | $446.6M | |
| Net income | $189.9M | $538.5M | $461.5M | $115.8M | −$308.7M | $88.5M | |
| Diluted EPS | $0.30 | $0.87 | $0.74 | $0.19 | −$0.52 | $0.15 | |
| Gross margin | 39.7% | 41.9% | 43.5% | 45.9% | 48.0% | 47.8% | |
| Operating margin | 8.6% | 12.9% | 12.6% | 15.9% | 5.4% | 6.7% |
Fiscal years (4-quarter sums)FY21 $17.66B · FY22 $17.53B · FY23 $21.92B · FY24 $24.12B · FY25 $24.19B
Revenue by product · FY25
Revenue by geography · Q4 FY25
Balance sheet, Jun 30, 2026Cash & short-term investments $6.74B · Total debt $6.58B · Total assets $39.16B · Shareholders' equity $22.01B
Dividends
No dividends on record.
Ownership
Shares outstanding 595.18M · Float 530.40M · 89.1% free float
Top shareholders13F · 13D/G · Form 4
| Holder | Shares | % outstanding | Form | Filed |
|---|---|---|---|---|
| T. Rowe Price Associates, Inc. | 47.53M | 8.60% | 13G | Aug 14, 2025 |
| BlackRock, Inc. | 41.57M | 6.98% | 13F | Aug 7, 2026 |
| Price T Rowe Associates Inc /MD/ | 39.73M | 6.68% | 13F | Aug 14, 2026 |
| Vanguard Capital Management LLC | 34.95M | 5.87% | 13F | Aug 13, 2026 |
| Vanguard Portfolio Management LLC | 24.93M | 4.19% | 13F | Aug 13, 2026 |
Insider tradesForm 4
| Date | Insider | Role | Shares | Avg price |
|---|---|---|---|---|
| Aug 27, 2026 | Anthony Mathew Eisen | director | −6,000 | $84.00 |
| Aug 26, 2026 | Anthony Mathew Eisen | director | −6,000 | $82.00 |
| Aug 25, 2026 | Anthony Mathew Eisen | director | −6,000 | $81.81 |
| Aug 24, 2026 | Amrita Ahuja | officer: CFO & COO | −9,511 | $82.43 |
| Aug 21, 2026 | Amrita Ahuja | officer: CFO & COO | −3,101 | $80.04 |
Peers
- PayPal
Widest-scope rival: Venmo vs Cash App, Pay in 4 vs Afterpay, checkout vs Square.
- Affirm
Largest US BNPL rival with exclusive Amazon and Shopify partnerships.
- Klarna
World's largest BNPL platform by GMV; Afterpay's primary global scale rival.
- Shopify
SMB commerce OS competing for Square merchant and retail POS customers.
- Toast
Restaurant-vertical POS platform; primary alternative to Square for Restaurants.
