Block, Inc (XYZ) Key Metrics
XYZ valuation today
Trailing 12 months · as of October 18, 2026- Market cap
- $46.80B
- Enterprise value
- $39.77B
- P/E (TTM)
- 139.1 10-yr median 77.7
- Forward P/E
- 14.5
- PEG ratio
- 0.57
- Price / sales
- 1.9 10-yr median 3.7
- Price / book
- 2.0 10-yr median 12.4
- EV / EBITDA
- 11.3 10-yr median 128.8
- Dividend yield
- —
- Beta
- 2.55
XYZ key metrics, 2016–2025
Fiscal year ended December 31, 2025 · U.S. dollarsXYZ valuation Price multiples at each fiscal year-end price.
XYZ returns How much profit the business earns on the capital it uses.
XYZ per-share figures Results divided by the shares outstanding at year-end.
XYZ financial health Debt, liquidity and how easily interest is covered.
XYZ efficiency & capital use Working capital cycle and where the cash goes.
XYZ valuation history
XYZ returns on capital
Net income (ROE, ROA) or after-tax operating income (ROIC) divided by the average of the opening and closing balance.
XYZ debt vs cash
Debt includes short- and long-term borrowings and, where reported, lease liabilities.
XYZ cash returned to shareholders
XYZ price vs earnings per share
XYZ key metrics
2016–2025| 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | |
|---|---|---|---|---|---|---|---|---|---|---|
| Valuation | ||||||||||
| Market capitalization | $40.54B | $54.09B | $47.49B | $36.38B | $81.04B | $104.94B | $29.16B | $22.76B | $13.15B | $4.66B |
| Enterprise value | $37.54B | $49.26B | $44.15B | $33.91B | $78.41B | $104.58B | $28.02B | $22.53B | $13.01B | $4.15B |
| P/E ratio | 31.1 | 18.7 | — | — | 487.4 | 492.4 | 77.7 | — | — | — |
| Price / sales | 1.7 | 2.2 | 2.2 | 2.1 | 4.6 | 11.0 | 6.2 | 6.9 | 5.9 | 2.7 |
| Price / book | 1.8 | 2.5 | 2.5 | 2.1 | 24.8 | 39.1 | 17.0 | 20.3 | 16.7 | 8.1 |
| Price / free cash flow | 16.7 | 34.8 | — | — | 149.1 | — | 110.0 | 98.0 | 129.4 | — |
| Price / operating cash flow | 15.7 | 31.7 | 470.4 | 206.8 | 95.6 | 606.2 | 89.0 | 77.1 | 103.0 | 201.3 |
| EV / sales | 1.6 | 2.0 | 2.0 | 1.9 | 4.4 | 11.0 | 5.9 | 6.8 | 5.9 | 2.4 |
| EV / EBITDA | 17.2 | 28.3 | 116.4 | — | 141.3 | 292.8 | 58.9 | 526.3 | 259.7 | — |
| EV / free cash flow | 15.5 | 31.7 | — | — | 144.3 | — | 105.7 | 97.0 | 128.0 | — |
| Earnings yield | 3.2% | 5.4% | 0.0% | −1.5% | 0.2% | 0.2% | 1.3% | −0.2% | −0.5% | −3.7% |
| Free cash flow yield | 6.0% | 2.9% | −0.1% | 0.0% | 0.7% | −0.0% | 0.9% | 1.0% | 0.8% | −0.1% |
| Dividend yield | — | — | 0.3% | 3.8% | 2.2% | 1.8% | — | — | 0.0% | 0.0% |
| Shareholder yield (dividends + buybacks) | 5.7% | 2.2% | 0.6% | 3.8% | 2.6% | 2.1% | 0.7% | 0.8% | 0.3% | 0.0% |
| Share price at fiscal year-end | $65.09 | $84.99 | $77.35 | $62.84 | $161.51 | $217.64 | $62.56 | $56.09 | $34.67 | $13.63 |
| Per share | ||||||||||
| Revenue per share | $38.84 | $37.90 | $35.69 | $30.28 | $35.20 | $19.70 | $10.11 | $8.13 | $5.84 | $5.00 |
| Earnings per share | $2.10 | $4.55 | $0.02 | −$0.93 | $0.33 | $0.44 | $0.81 | −$0.09 | −$0.17 | −$0.50 |
| Operating cash flow per share | $4.14 | $2.68 | $0.16 | $0.30 | $1.69 | $0.36 | $0.70 | $0.73 | $0.34 | $0.07 |
| Free cash flow per share | $3.89 | $2.44 | −$0.08 | $0.01 | $1.08 | −$0.03 | $0.57 | $0.57 | $0.27 | −$0.01 |
| Cash per share | $19.21 | $20.03 | $15.34 | $15.21 | $16.23 | $7.99 | $4.75 | $2.77 | $2.28 | $1.50 |
| Book value per share | $35.65 | $33.42 | $30.45 | $29.75 | $6.52 | $5.56 | $3.68 | $2.76 | $2.07 | $1.69 |
| Tangible book value per share | $14.57 | $13.23 | $8.17 | $5.60 | $4.98 | $4.62 | $2.96 | $1.93 | $1.88 | $1.46 |
| Dividends per share | — | — | $0.21 | $2.39 | $3.54 | $3.85 | — | — | $0.00 | $0.00 |
| Capex per share | $0.25 | $0.24 | $0.25 | $0.30 | $0.61 | $0.39 | $0.13 | $0.15 | $0.07 | $0.08 |
| Debt per share | $14.40 | $12.44 | $9.89 | $10.94 | $10.99 | $7.25 | $2.31 | $2.22 | $1.91 | $0.01 |
| Shares outstanding | 622.8M | 636.4M | 614.0M | 578.9M | 501.8M | 482.2M | 466.1M | 405.7M | 379.3M | 341.6M |
| Change in shares outstanding | −2.1% | +3.6% | +6.1% | +15.4% | +4.1% | +3.5% | +14.9% | +7.0% | +11.1% | +4.4% |
| Returns & profitability | ||||||||||
| Return on equity (ROE) | 6.0% | 14.5% | 0.1% | −5.3% | 5.6% | 9.7% | 26.5% | −4.0% | −9.2% | −31.7% |
| Return on invested capital (ROIC) | 13.2% | 10.6% | 2.0% | −0.3% | 10.9% | −1.3% | 3.6% | −3.8% | −12.0% | −81.8% |
| Return on assets (ROA) | 3.4% | 8.3% | 0.0% | −2.4% | 1.4% | 3.0% | 9.6% | −1.4% | −3.7% | −16.3% |
| Return on tangible assets | 4.9% | 12.1% | 0.1% | −3.1% | 1.3% | 2.3% | 8.9% | −1.3% | −3.0% | −15.1% |
| Free cash flow margin | 10.0% | 6.4% | −0.2% | 0.0% | 3.1% | −0.2% | 5.6% | 7.0% | 4.6% | −0.2% |
| Income quality (OCF / net income) | 1.98 | 0.59 | 10.33 | — | 5.10 | 0.81 | 0.87 | — | — | — |
| Financial health | ||||||||||
| Total debt | $8.97B | $7.92B | $6.07B | $6.33B | $5.52B | $3.49B | $1.07B | $899.7M | $723.6M | $3.1M |
| Cash & short-term investments | $11.96B | $12.75B | $9.42B | $8.81B | $8.14B | $3.85B | $2.22B | $1.12B | $866.0M | $511.9M |
| Net debt | −$3.00B | −$4.83B | −$3.34B | −$2.47B | −$2.63B | −$359.7M | −$1.14B | −$224.5M | −$142.4M | −$508.9M |
| Debt / equity | 0.40 | 0.37 | 0.32 | 0.37 | 1.69 | 1.30 | 0.63 | 0.80 | 0.92 | 0.01 |
| Debt / assets | 0.23 | 0.22 | 0.18 | 0.20 | 0.40 | 0.35 | 0.24 | 0.27 | 0.33 | 0.00 |
| Net debt / EBITDA | −1.37 | −2.77 | −8.82 | — | −4.73 | −1.01 | −2.40 | −5.24 | −2.84 | — |
| Current ratio | 2.20 | 2.33 | 2.01 | 1.85 | 1.94 | 1.88 | 1.90 | 2.07 | 1.83 | 1.73 |
| Quick ratio | 2.19 | 2.31 | 1.99 | 1.84 | 1.92 | 1.87 | 1.87 | 2.05 | 1.81 | 1.71 |
| Interest coverage | 23.5 | 181.3 | 8.1 | -0.8 | 4.9 | -0.3 | 1.2 | -2.0 | -5.4 | -218.5 |
| Working capital | $12.47B | $11.33B | $8.94B | $7.19B | $5.09B | $3.64B | $1.53B | $1.09B | $805.5M | $424.0M |
| Invested capital | $19.21B | $16.44B | $15.35B | $14.75B | $645.1M | $2.32B | $574.1M | $896.0M | $643.9M | $67.3M |
| Tangible asset value | $9.04B | $8.38B | $5.01B | $3.27B | $2.54B | $2.23B | $1.38B | $781.7M | $713.7M | $499.7M |
| Net current asset value | $5.48B | $4.34B | $3.48B | $1.51B | −$91.2M | $573.6M | $383.6M | −$48.6M | $377.4M | $366.2M |
| Graham number | $41.01 | $58.51 | $3.30 | — | $6.97 | $7.44 | $8.17 | — | — | — |
| Graham net-net per share | $2.13 | $2.38 | $0.86 | −$2.18 | −$1.70 | −$5.19 | −$0.17 | −$1.80 | −$0.10 | $0.38 |
| Capital allocation | ||||||||||
| Dividends paid | — | — | $130.4M | $1.39B | $1.78B | $1.86B | — | — | $0 | $0 |
| Share buybacks (net) | $2.33B | $1.17B | $156.8M | $4.7M | $323.0M | $314.0M | $212.3M | $189.1M | $44.7M | $0 |
| Dividend payout ratio | — | — | — | — | — | 872.1% | — | — | — | — |
| Dividends + buybacks / free cash flow | 96.1% | 75.3% | — | — | 386.1% | — | 80.1% | 81.4% | 44.0% | — |
| Capex / revenue | 0.6% | 0.6% | 0.7% | 1.0% | 1.7% | 2.0% | 1.3% | 1.9% | 1.2% | 1.5% |
| Capex / operating cash flow | 6.0% | 9.0% | 149.7% | 97.1% | 35.9% | 108.8% | 19.1% | 21.3% | 20.4% | 111.7% |
| Capex / depreciation | 0.42 | 0.41 | 0.37 | 0.50 | 2.26 | 2.24 | 0.83 | 1.03 | 0.70 | 0.68 |
| Stock-based compensation / revenue | 5.0% | 5.3% | 5.8% | 6.1% | 3.4% | 4.2% | 6.3% | 6.6% | 7.0% | 8.1% |
| R&D / revenue | 12.0% | 12.1% | 12.4% | 12.2% | 7.8% | 9.3% | 14.3% | 15.1% | 14.5% | 15.7% |
| SG&A / revenue | 17.7% | 17.1% | 19.3% | 21.4% | 14.7% | 17.8% | 22.5% | 22.8% | 22.7% | 24.9% |
| Efficiency | ||||||||||
| Days sales outstanding | 109.8 | 97.3 | 104.2 | 77.3 | 32.7 | 33.8 | 41.7 | 57.4 | 80.6 | 50.7 |
| Days of inventory on hand | 3.5 | 2.6 | 2.6 | 2.8 | 1.9 | 2.9 | 4.9 | 4.2 | 4.0 | 4.1 |
| Days payables outstanding | 3.1 | 3.1 | 8.9 | 14.2 | 8.6 | 11.5 | 14.8 | 20.3 | 24.3 | 10.4 |
| Cash conversion cycle (days) | 110.2 | 96.8 | 98.0 | 65.9 | 26.0 | 25.2 | 31.9 | 41.2 | 60.4 | 44.5 |
| Receivables turnover | 3.33 | 3.75 | 3.50 | 4.72 | 11.16 | 10.81 | 8.75 | 6.36 | 4.53 | 7.20 |
| Payables turnover | 118.98 | 116.94 | 41.12 | 25.78 | 42.49 | 31.88 | 24.72 | 17.96 | 15.05 | 35.26 |
| Inventory turnover | 105.08 | 141.64 | 138.70 | 132.06 | 191.64 | 124.33 | 74.01 | 87.85 | 90.16 | 88.53 |
| Asset turnover | 0.63 | 0.69 | 0.68 | 0.77 | 1.48 | 1.32 | 1.20 | 1.21 | 1.30 | 1.62 |
| Average receivables | $7.28B | $6.43B | $6.26B | $3.71B | $1.58B | $878.3M | $538.6M | $518.8M | $488.8M | $237.4M |
| Average payables | $116.3M | $130.3M | $350.5M | $447.6M | $311.6M | $212.2M | $114.3M | $111.1M | $91.4M | $32.1M |
| Average inventory | $131.7M | $107.5M | $103.9M | $87.4M | $69.1M | $54.4M | $38.2M | $22.7M | $15.3M | $12.8M |
| Intangibles / total assets | 33.2% | 34.9% | 41.4% | 44.6% | 5.6% | 4.6% | 7.4% | 10.3% | 3.3% | 6.3% |
Computed from XYZ's annual financial statements (latest annual report filed February 26, 2026) and the closing share price on each fiscal year-end, adjusted for stock splits. Figures in U.S. dollars; data from EODHD. Averages use the opening and closing balance of each year.
XYZ valuation and financial ratios
At the end of fiscal 2025 (December 31, 2025), Block traded at 31.1 times earnings, against a 10-year median of 77.7. Based on the latest twelve months, the trailing P/E is 139.1 and the forward P/E is 14.5. Block earned a return on equity of 6.0% and a return on invested capital of 13.2% in fiscal 2025. It ended the year with $9.0 billion of debt and $12.0 billion in cash and short-term investments, a net cash position of $3.0 billion. It returned $2.3 billion to shareholders: $0 in dividends and $2.3 billion in share buybacks, 96% of free cash flow. The share count rose 82.4% from 341.6M to 622.8M over 9 years.
See the XYZ income statement, the XYZ chart for price history, or the XYZ stock overview for the latest quote and news.
XYZ key metrics FAQ
What is Block's P/E ratio?
Block's trailing P/E ratio is 139.1 based on the last twelve months of earnings (as of October 18, 2026), and its forward P/E is 14.5. At the end of fiscal 2025 it was 31.1, compared with a 10-year median of 77.7.
What is Block's EV/EBITDA?
Block's enterprise value was 17.2 times EBITDA at the end of fiscal 2025 (enterprise value $37.5 billion, EBITDA $2.2 billion); the current EV/EBITDA is 11.3.
What is Block's return on equity?
Block's return on equity (ROE) was 6.0% in fiscal 2025: net income of $1.3 billion on average shareholders' equity of $21.7 billion.
What is Block's ROIC?
Block's return on invested capital was 13.2% in fiscal 2025, using after-tax operating income divided by average debt plus equity minus cash.
How much debt does Block have?
Block had total debt of $9.0 billion at the end of fiscal 2025, a debt-to-equity ratio of 0.40 and more cash than debt.
Does Block buy back its shares?
Yes. Block spent $2.3 billion on net share repurchases in fiscal 2025 Shares outstanding changed −2.1% over the year, to 622.8M..
What is Block's free cash flow yield?
Block generated $2.4 billion of free cash flow in fiscal 2025, a free cash flow yield of 6.0% on its market value at year-end ($40.5 billion).
What is Block's current ratio?
Block's current ratio was 2.20 at the end of fiscal 2025: current assets were 2.20 times current liabilities.