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Screener / SEC EDGAR /CIK 0001512673 /10-K filed Feb 26, 2026, compared with Feb 24, 2025 /Numbers from the XBRL of the 10-Ks
Financials peers:
BLKXYZSCHWMRSHAIGPNC
NYSE, OTC Financials · Software

Block, Inc. XYZ

XYZ quote by TradingView

At Block, Inc. (together with its subsidiaries, "Block" or "we"), we are building technology that enables people and businesses to participate more fully in the economy. 10-K, Item 1

Employees
10,205
Headquarters
Oakland, CA
CEO
Jack Dorsey
Next results
around Feb 25, 2027
Compare with peers Embed

Where each dollar of revenue went, FY2025

Revenue of $24.2B through the costs to a net profit of $1.3B · income statement of the 10-K

7% operating margin
Revenue to Gross profit: $10.4BRevenue to Cost of revenue: $13.8BGross profit to Operating profit: $1.7BGross profit to Operating expenses: $8.7BOperating profit to Net profit: $1.3BOperating profit to Tax & other: $402.8MOperating expenses to R&D: $2.9BOperating expenses to Sales, admin & other: $5.7B Revenue: $24.2B REVENUE $24.2B +0% Y/Y Gross profit: $10.4B · 43% margin GROSS PROFIT $10.4B 43% margin · +17% Y/Y Cost of revenue: $13.8B · 57% of revenue COST OF REVENUE $13.8B 57% of revenue Operating profit: $1.7B · 7% margin OPERATING PROFIT $1.7B 7% margin · +91% Y/Y Operating expenses: $8.7B · 36% of revenue OPERATING EXPENSES $8.7B 36% of revenue Net profit: $1.3B · 5% margin NET PROFIT $1.3B 5% margin · −55% Y/Y Tax & other: $402.8M · 2% of revenue TAX & OTHER $402.8M 2% of revenue R&D: $2.9B · 12% of revenue R&D $2.9B 12% of revenue Sales, admin & other: $5.7B · 24% of revenue SALES, ADMIN & OTHER $5.7B 24% of revenue
Gross profit $10.4B 43% margin · +17% Y/Y
Operating profit $1.7B 7% margin · +91% Y/Y
Net profit $1.3B 5% margin · −55% Y/Y
The full income statement, year by year

XYZ among Financials peers

Six ratios from the latest 10-K. Each corner is the share of 75 peers the company is above, not a score.

Compare
Revenue growth: 0.3%, above 13% of 75 peers (their median 7.2%) REVENUE GROWTH 0.3% · above 13% Gross margin: 47.5%, above 25% of 8 peers (their median 57.7%) GROSS MARGIN 47.5% · above 25% Operating margin: 4.6%, above 15% of 27 peers (their median 26.3%) OPERATING MARGIN 4.6% · above 15% Net margin: 1.8%, above 7% of 75 peers (their median 20.7%) NET MARGIN 1.8% · above 7% FCF margin: 13.5%, above 21% of 48 peers (their median 21.5%) FCF MARGIN 13.5% · above 21% Return on capital: 4.6%, above 12% of 25 peers (their median 12.2%) RETURN ON CAPITAL 4.6% · above 12%
XYZ Peer median Below the median

What changed

17 new risk paragraphs and 2 accounting facts worth reading about. 10-K filed Feb 26, 2026 against Feb 24, 2025.

Risk factors
17 new paragraphs, nothing like them in the previous 10-K
10-K Item 1A
Receivables growing faster than revenue
Receivables +60.0% vs revenue +0.3% (+59.7 pts)
10-K · XBRL
Inventory growing faster than revenue
Inventory +50.8% vs revenue +0.3% (+50.5 pts)
10-K · XBRL
Accounting checks
9 other checks clear, 2 worth a look
10-K · XBRL
Insiders
No open-market buys in the last 90 days
Form 4
Filings
3 in the last 30 days
EDGAR

Each row opens the detail with the quote and the filing. A row is a change worth reading, not a verdict.

Accounting checks

11 checks on the latest 10-K. Checks, not verdicts.

How it works

2facts worth reading about the other 9 checks found nothing to note

  • Receivables growing faster than revenue
    Receivables +60.0% vs revenue +0.3% (+59.7 pts)
  • Inventory growing faster than revenue
    Inventory +50.8% vs revenue +0.3% (+50.5 pts)
  • Cash from operations $2.6B vs net income $1.3B (FY ending Dec 31, 2025)
8 more checks with nothing to note
  • Same auditor in both 10-Ks: Ernst & Young LLP
  • No statement of substantial doubt about going concern
  • No 8-K item 4.02 in the last 2 years
  • No NT 10-K or NT 10-Q in the last 2 years
  • The same matters as last year: Bitcoin Investment and Bitcoin Held for Other Parties; Addressed the; Matter in Our; Audit
  • No sentence in the 10-K concludes that controls were not effective because of a material weakness
  • No 8-K item 2.06 in the last 2 years
  • No 8-K item 1.03 in the last 2 years

In their words

17 paragraphs in Risk Factors that were not in the 10-K filed Feb 24, 2025. Quoted as filed.

All 17 new paragraphs
  1. Item 1A · new paragraph · not in the 10-K filed Feb 24, 2025 10-K, ITEM 1A
    Our recently announced workforce reduction and related reorganization, including the potential for increased reliance on proactive intelligence and artificial intelligence tools, may not achieve their intended benefits and could adversely affect our business, financial condition and results of operations. In February 2026 we announced a…
  2. Item 1A · new paragraph · not in the 10-K filed Feb 24, 2025 10-K, ITEM 1A
    The development and use of AI in our products may result in reputational and competitive harm and could adversely impact our business. We have incorporated and expect to continue to incorporate AI technologies, including generative AI and AI agents, into our products and technologies. Our use of AI depends on third-party large language…
  3. Item 1A · new paragraph · not in the 10-K filed Feb 24, 2025 10-K, ITEM 1A
    Revenue generated by our loan products such as Square Loans, as well as Cash App Borrow, and our BNPL products depends on our ability to recoup the loan amount and to effectively manage risk. Square Loans is our commercial lending program. Cash App Borrow is a consumer credit product, allowing our Cash App customers access to short-term…
  4. Item 1A · new paragraph · not in the 10-K filed Feb 24, 2025 10-K, ITEM 1A
    In addition, because the servicing fees we receive from third-party investors and lenders depend on the repayment of the loans, if there is an increase in sellers and customers who utilize our loan products who are unable to repay their loans, we will be unable to collect our entire servicing fee for such delinquent loans, which could…

New risk paragraphs, against peers

Latest 10-K of each, Financials companies closest in revenue

Paragraphs in Risk Factors with nothing like them in the company's 10-K the year before. A count of text, not of risk.

Financial performance

Last 4 fiscal years · 10-K XBRL

All years
MetricFY2022FY2023FY2024FY2025
Revenue$17.5B$21.9B$24.1B$24.2B
Net income−$540.7M$9.8M$2.9B$1.3B
Operating cash flow$175.9M$101.0M$1.7B$2.6B
Free cash flow$5.1M−$50.2M$1.6B$2.4B

Revenue, FY2016 to FY2025

Ten fiscal years, each from its own 10-K · XBRL · USD

$24.2B ▲ 0.3% in FY2025

FY2016FY2017FY2018FY2019FY2020FY2021FY2022FY2023FY2024FY2025
Every number, year by year

Recent filings

3 filings in the last 30 days · SEC EDGAR

All filings

About the company

Block, Inc., Oakland, CA · from the 10-K filed Feb 26, 2026

At Block, Inc. (together with its subsidiaries, "Block" or "we"), we are building technology that enables people and businesses to participate more fully in the economy. Our purpose is economic empowerment, helping individuals and businesses manage, move, and grow their money through simple and connected tools. Block designs and operates connected ecosystems that integrate commerce solutions, financial services, software, hardware, and networks to serve individuals and small businesses, primarily through Cash App's consumer network and Square's business ("seller") network.

Headquarters
Oakland, CA
Country
United States
Reports in
USD
Listed on
NYSE, OTC
Fiscal year ends
December 31
Last results
Nov 3, 2026
Incorporated in
DE

Employees, at the top of the page: "As of December 31, 2025, we had 10,205 full-time employees worldwide with 2,472 full-time employees outside the US" (10-K). Address and exchange: SEC's company file.

Email alerts

Sources

The 10-K filed Feb 26, 2026 (open at SEC), compared with the 10-K filed Feb 24, 2025. Numbers from the XBRL of the 10-Ks; filings from SEC EDGAR.

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