Block, Inc (XYZ) Income Statement
XYZ 2025 at a glance
Fiscal year ended December 31, 2025 · U.S. dollarsXYZ revenue and net income
Where XYZ's revenue goes
2025Each bar shows an amount and its share of revenue. XYZ kept 5.4% of revenue as net income.
XYZ profit margins
XYZ growth rates
to 2025| 1 year | 3 years | 5 years | 10 years | |
|---|---|---|---|---|
| Revenue | +0.3% | +11.3% | +20.6% | +34.3% |
| Gross profit | +16.5% | +20.0% | +30.5% | +39.5% |
| Operating income | +80.6% | — | — | — |
| Net income | −54.9% | — | +43.7% | — |
| EPS (diluted) | −29.7% | +33.3% | +23.6% | — |
1-year change and average annual growth (CAGR) over 3, 5 and 10 fiscal years. "—" when a starting value was zero or negative.
XYZ quarterly EPS vs estimates
Block beat the analyst EPS estimate in 5 of the last 8 quarters. Next report: November 3, 2026 (estimate $0.67).
XYZ income statement
| 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | |
|---|---|---|---|---|---|---|---|---|---|---|
| Revenue | $24.19B | $24.12B | $21.92B | $17.53B | $17.66B | $9.50B | $4.71B | $3.30B | $2.21B | $1.71B |
| Cost of revenue | $13.83B | $15.23B | $14.41B | $11.54B | $13.24B | $6.76B | $2.82B | $1.99B | $1.37B | $1.13B |
| Gross profit | $10.36B | $8.89B | $7.50B | $5.99B | $4.42B | $2.73B | $1.89B | $1.30B | $839.3M | $576.0M |
| Research & development | $2.91B | $2.91B | $2.72B | $2.14B | $1.38B | $885.7M | $674.2M | $497.5M | $321.9M | $268.5M |
| Sales, general & admin | $4.27B | $4.13B | $4.23B | $3.74B | $2.60B | $1.69B | $1.06B | $750.4M | $503.7M | $425.9M |
| Total operating expenses | $7.31B | $7.20B | $7.12B | $6.02B | $4.26B | $2.75B | $1.86B | $1.34B | $893.5M | $746.5M |
| Operating income | $3.05B | $1.69B | $381.8M | −$27.3M | $161.1M | −$18.8M | $26.6M | −$36.6M | −$54.2M | −$170.5M |
| Interest income | — | — | — | $37.2M | $2.4M | $238.4M | $33.8M | $2.4M | $8.5M | $780,000 |
| Interest expense | $129.4M | $9.3M | $47.2M | $36.2M | $33.1M | $56.9M | $21.5M | $18.0M | $10.1M | $780,000 |
| Income before taxes | $1.69B | $1.36B | −$29.1M | −$565.3M | $157.5M | $216.0M | $378.2M | −$36.1M | −$62.7M | −$169.7M |
| Income taxes | $385.7M | −$1.51B | −$8.0M | −$12.3M | −$1.4M | $2.9M | $2.8M | $2.3M | $149,000 | $1.9M |
| Net income | $1.31B | $2.90B | $9.8M | −$540.7M | $166.3M | $213.1M | $375.4M | −$38.5M | −$62.8M | −$171.6M |
| EBITDA | $2.19B | $1.74B | $379.4M | −$188.6M | $555.0M | $357.1M | $475.3M | $42.8M | $50.1M | −$81.5M |
| EPS (diluted) | $2.37 | $3.37 | $1.79 | $1.00 | $1.71 | $0.82 | $0.80 | $0.46 | $0.18 | −$0.50 |
| Gross margin | 42.8% | 36.9% | 34.2% | 34.2% | 25.0% | 28.8% | 40.1% | 39.5% | 37.9% | 33.7% |
| Operating margin | 12.6% | 7.0% | 1.7% | −0.2% | 0.9% | −0.2% | 0.6% | −1.1% | −2.4% | −10.0% |
| Net margin | 5.4% | 12.0% | 0.0% | −3.1% | 0.9% | 2.2% | 8.0% | −1.2% | −2.8% | −10.0% |
| Jun '26 | Mar '26 | Dec '25 | Sep '25 | Jun '25 | Mar '25 | Dec '24 | Sep '24 | Jun '24 | Mar '24 | Dec '23 | Sep '23 | |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Revenue | $6.62B | $6.06B | $6.25B | $6.11B | $6.05B | $5.77B | $6.03B | $5.98B | $6.16B | $5.96B | $5.77B | $5.62B |
| Cost of revenue | $3.45B | $3.15B | $3.38B | $3.45B | $3.52B | $3.48B | $3.72B | $3.73B | $3.92B | $3.86B | $3.75B | $3.72B |
| Gross profit | $3.17B | $2.91B | $2.87B | $2.66B | $2.54B | $2.29B | $2.31B | $2.25B | $2.23B | $2.09B | $2.03B | $1.90B |
| Research & development | $608.7M | $1.04B | $710.7M | $711.2M | $725.3M | $760.7M | $769.7M | $711.0M | $713.2M | $720.6M | $685.4M | $713.8M |
| Sales, general & admin | $1.49B | $1.51B | $1.13B | $1.14B | $999.0M | $996.3M | $1.25B | $987.6M | $981.1M | $915.1M | $1.25B | $960.3M |
| Total operating expenses | $2.72B | $2.58B | $1.88B | $1.89B | $1.76B | $1.79B | $2.05B | $1.93B | $1.93B | $1.84B | $2.16B | $1.91B |
| Operating income | $446.6M | $328.1M | $995.4M | $772.9M | $778.4M | $499.0M | $257.6M | $323.0M | $306.6M | $249.7M | −$130.7M | −$9.9M |
| Interest income | — | — | — | — | — | — | — | — | $1.9M | $18.7M | — | $20.8M |
| Interest expense | $55.7M | $53.2M | $53.8M | $34.7M | $23.7M | $17.2M | $16.1M | $13.8M | — | — | $18.7M | $21.4M |
| Income before taxes | $301.5M | −$392.6M | $202.0M | $601.5M | $659.4M | $227.1M | $277.8M | $324.1M | $248.9M | $506.3M | $106.0M | −$12.4M |
| Income taxes | $214.4M | −$84.0M | $86.4M | $139.9M | $121.0M | $38.3M | −$1.65B | $43.0M | $59.0M | $35.5M | −$51.8M | $81.1M |
| Net income | $88.5M | −$308.7M | $115.8M | $461.5M | $538.5M | $189.9M | $1.95B | $283.8M | $195.3M | $472.0M | $178.1M | −$88.7M |
| EBITDA | $452.2M | −$243.4M | $351.8M | $728.3M | $775.5M | $333.2M | $382.8M | $607.8M | $595.3M | $513.1M | $150.3M | $282.9M |
| EPS (diluted) | $1.02 | $0.85 | $0.65 | $0.54 | $0.62 | $0.56 | $0.71 | $0.88 | $0.93 | $0.85 | $0.45 | $0.55 |
| Gross margin | 47.8% | 48.0% | 45.9% | 43.5% | 41.9% | 39.7% | 38.3% | 37.6% | 36.3% | 35.2% | 35.1% | 33.8% |
| Operating margin | 6.7% | 5.4% | 15.9% | 12.6% | 12.9% | 8.6% | 4.3% | 5.4% | 5.0% | 4.2% | −2.3% | −0.2% |
| Net margin | 1.3% | −5.1% | 1.9% | 7.5% | 8.9% | 3.3% | 32.3% | 4.7% | 3.2% | 7.9% | 3.1% | −1.6% |
Quarterly columns are labeled by the month the quarter ended. Figures in U.S. dollars as reported in XYZ's financial statements (latest annual report filed February 26, 2026); data from EODHD. Sales, general & administrative expenses include sales and marketing.
XYZ financial results
In fiscal year 2025 (ended December 31, 2025), Block reported revenue of $24.2 billion, up 0.3% from the year before. It had net income of $1.3 billion (down 54.9%), a net profit margin of 5.4%. Diluted earnings per share came to $2.37. Over five years revenue grew at an average rate of 20.6% a year.
See the XYZ stock overview for the latest quote and news, or the XYZ chart for price history and technical indicators.
XYZ income statement FAQ
What is Block's annual revenue?
Block reported total revenue of $24.2 billion for fiscal year 2025, which ended on December 31, 2025. That was up 0.3% from $24.1 billion the previous year.
Is Block profitable?
Yes. Block reported net income of $1.3 billion in fiscal 2025, a net profit margin of 5.4%; its operating margin was 12.6%.
What is Block's gross margin?
Block's gross margin was 42.8% in fiscal 2025: for every $100 of revenue, Block kept $43 after the direct cost of its products and services.
How much does Block spend on research and development?
Block spent $2.9 billion on research and development in fiscal 2025, 12.0% of revenue.
How fast is Block growing?
Revenue grew 20.6% a year on average over the last five fiscal years, from $9.5 billion to $24.2 billion.
What are Block's earnings per share?
Block earned $2.37 per diluted share in fiscal 2025, compared with $3.37 a year earlier.
When will Block report its next earnings?
Block is expected to report results for the quarter ending September 30, 2026 on November 3, 2026 after the market closes.
When does Block's fiscal year end?
Block's fiscal year ends in December. The latest annual report covers the year ended December 31, 2025 and was filed on February 26, 2026.