XYZ
NYSE · USDBlock, Inc.
Technology · Software - Infrastructure
CEO Jack Dorsey
Employees 10,205
R&D / revenue 0.0%
Last price
$77.85−2.48%last session
Market cap
$46.8B
P/E (TTM)
136.6x
From 52w high
−10.4%
From 52w low
+61.5%
1-year return
+4.4%
RSI 14 · vs SMA200
52.2 · +10.1%
IS score
48.4/ 100
Factor model across 8 sub-scores, ranked against 3,010 US stocks. Describes the business, not the outlook.
Download full factsheet (PDF)
One year, rebased to 100
XYZ SPY XLK (sector ETF) · weekly closesScore DNA
Each bar is a 0-100 score within the scored universe22Profitability
24Growth
44Value
58Momentum
65Risk (safety)
70Quality
81Balance sheet
56Earnings quality
Flags
Strengths
✓ Net cash✓ FCF yield 5%+
Warnings
None of the computed warning flags fires for XYZ (Altman, Beneish, accruals, FCF, dilution).
Observations
Moat model: Weak, Intangible AssetsPiotroski 7 / 9Altman Z 2.9Beta 2.521 of 4 smart-money sources active
Smart-money strip
Each disclosure source on its own window. Filings coinciding is not coordination.INSForm 4 · 180 days
Insider open-market buys
0
114 open-market sales, $71.7M
No Form 144 notices in 12 months
CONGSTOCK Act · 180 days
Congressional purchases
0
No disclosed purchases
Members disclose in ranges, 30-45 days after the trade
13F13F · quarter to 1987-03-31
Net change in institutional holders
+1
0 new holders, 0 closed
1 filers hold 0.0% · 0 added, 0 trimmed
ETFETF holdings · 30 days
Net funds accumulating
+166
426 funds adding shares
260 funds trimming · counts of funds, not dollars
DARKFINRA · daily
Short-sale share of off-exchange volume
50.3%
20-day avg 49.4%, 50-day avg 51.5%
Latest 0.9 pp over its 20-day average · a flow, not short interest
Key financials · FY2025
USD, fiscal year. Stock-based compensation is non-cash; shown against FCF.Income statement
Revenue$24.2B
Revenue growth YoY+0.3%
Gross margin42.8%
Operating income$1.7B
Operating margin7.1%
Net income$1.3B
Net margin5.4%
EPS (diluted)$2.10
Cash flow
Operating cash flow$2.6B
Capital expenditure$155.0M
Free cash flow$2.4B
FCF conversion (FCF / OCF)94.0%
Stock-based compensation$1.2B
FCF less SBC$1.2B
Buybacks$2.3B
Dividends$0
Balance sheet & returns
Cash & short-term investments$7.1B
Total debt$7.3B
Net debt$207.1M
Shareholders' equity$22.2B
Goodwill & intangibles$13.1B
Debt / equity0.33
ROE (TTM)1.6%
ROIC (TTM)4.3%
Operating margin by fiscal year
Revenue $17.7B (FY2021) to $24.2B (FY2025), a 8.2% CAGR.
Valuation
P/E (TTM)136.6x
EV / EBITDA32.6x
Price / sales1.87x
Price / FCF12.0x
FCF yield8.30%
Buyback yield4.98%
SBC / revenue4.8%
Price / book2.11x
Forward P/E FY202619.2x
Forward P/E FY202714.9x
Forward P/E FY202811.9x
Forward multiples divide today's price by Street EPS estimates. Street mean target $99.33 across 18 analysts last quarter is theirs, not ours.
XYZ vs industry median
296 companies in Software - Infrastructure
XYZ (TTM)Industry median
Asset turnover 0.64 vs industry 0.50 · financial leverage 1.78
Earnings delivery
Next report 2026-11-03 · consensus EPS $1.0333%
beat rate, 4 of 12 quarters
−0.7%
median EPS surprise
2
longest beat streak
EPS surprise in % vs the consensus at the time, oldest (left) to newest, 2023-11-02 to 2026-08-05. Bars cap at ±60%.
Peers
Market-cap band, not the industry cohort above| Company | Mkt cap | P/E | ROE | Net margin | Rev growth | 12m return |
|---|---|---|---|---|---|---|
| XYZ Block, Inc. | $46.8B | 136.6x | 1.6% | 1.4% | +0.3% | +4.4% |
| TWLO Twilio Inc. | $37.5B | 32.5x | 13.5% | 71.2% | +17.8% | +129.9% |
| ZS Zscaler, Inc. | $33.8B | n/m | -2.9% | -0.4% | +25.4% | −30.7% |
| CRWV CoreWeave, Inc. Class A Comm | $33.8B | n/m | -43.6% | -24.3% | +245.9% | −56.7% |
| OKTA Okta, Inc. | $31.3B | 110.8x | 4.3% | 14.4% | +11.2% | +113.5% |
| VRSN VeriSign, Inc. | $27.3B | 32.8x | -40.0% | 49.8% | +6.9% | — |
| MDB MongoDB, Inc. | $27.2B | 462.1x | 2.0% | 5.3% | +25.5% | — |
| CPAY Corpay, Inc. | $26.3B | 24.0x | 30.5% | 18.5% | +20.4% | — |
12-month window: SPY +15.9%, sector ETF XLK +29.0%. Past returns describe history only.
Recent 8-K filings
No 8-K filings on file.
Context
Shares outstanding600,795,015
Free float88.6%
Institutional ownership0.0%
Beta2.52
Dividend yield0.00%
Last dividendNone on file
50 / 200-day average$78.71 / $70.66
Large-cap Technology median P/E34.8x
Full factsheet
The PDF carries everything on this page plus the cash-allocation waterfall, Form 144 notices, 13F holder detail, dark-pool and short-flow history, seasonality and the moat assessment (Weak).
Read it in the browser Download (PDF)All fundamentals · 140 measures in 13 categories
Percentile = where XYZ sits among 82 scored companies in Software - Infrastructure (0 = lowest value, 100 = highest). It is a position, not a grade.ValuationProfitability (TTM)Returns on capitalGrowthMargin history & stabilityLiquidity (latest quarter)Leverage & solvency (latest quarter)EfficiencyCash flow & earnings qualityDividends & buybacksScores & forensic checksPer shareSize (TTM)
Valuation
| Measure | XYZ | Industry percentile |
|---|---|---|
| P/E (TTM) | 131.0x | 87th |
| PEG (P/E ÷ 3-yr EPS CAGR) | — | |
| Price / sales | 1.9x | 27th |
| Price / book | 2.1x | 14th |
| Price / tangible book | 5.2x | 22nd |
| Price / free cash flow | 12.0x | 32nd |
| Price / operating cash flow | 11.5x | 44th |
| Enterprise value | $41.7B | 89th |
| EV / sales | 1.7x | 19th |
| EV / EBITDA | 29.2x | 74th |
| EV / EBIT | 39.8x | 71st |
| EV / free cash flow | 10.7x | 20th |
| Earnings yield | 0.8% | 32nd |
| FCF yield | 8.3% | 72nd |
| Operating cash flow yield | 8.7% | 58th |
| Graham number (per share) | $21.86 | 64th |
Profitability (TTM)
| Measure | XYZ | Industry percentile |
|---|---|---|
| Gross margin | 46.4% | 26th |
| EBITDA margin | 5.7% | 19th |
| Operating margin | 8.7% | 49th |
| EBIT margin | 4.2% | 31st |
| Net margin | 1.4% | 26th |
| NOPAT margin | 4.3% | 37th |
| FCF margin | 15.5% | 42nd |
| Operating cash flow margin | 16.2% | 32nd |
| R&D / revenue | 12.3% | 42nd |
| SG&A / revenue | 21.0% | 28th |
| Stock comp / revenue | 4.8% | 37th |
| Effective tax rate | 50.1% | 97th |
Returns on capital
| Measure | XYZ | Industry percentile |
|---|---|---|
| ROE (on average equity) | 1.6% | 22nd |
| ROA | 0.9% | 30th |
| ROIC | 6.4% | 43rd |
| ROCE | 3.6% | 31st |
| Return on tangible assets | 2.8% | 32nd |
| Cash ROIC (OCF / invested capital) | 23.9% | 42nd |
| Gross profitability (GP / assets) | 29.7% | 42nd |
| ROIC, 3-yr average | 6.2% | 42nd |
| ROIC, 5-yr average | 5.0% | 40th |
| ROE, 5-yr average | 3.0% | 57th |
| Incremental ROIC | -41.4% | 15th |
Growth
| Measure | XYZ | Industry percentile |
|---|---|---|
| Revenue growth (TTM YoY) | 5.1% | 18th |
| Revenue growth (QoQ) | 9.3% | 68th |
| Revenue CAGR, 3 yr | 8.3% | 37th |
| Revenue CAGR, 5 yr | 9.5% | 33rd |
| Gross profit CAGR, 3 yr | 20.7% | 70th |
| Operating income CAGR, 3 yr | 69.9% | 97th |
| Net income growth (TTM YoY) | -87.9% | 2nd |
| Net income CAGR, 3 yr | — | |
| EPS growth (TTM YoY) | -87.7% | 2nd |
| EPS CAGR, 3 yr | — | |
| EPS CAGR, 5 yr | -11.8% | 0th |
| FCF growth (TTM YoY) | 266.4% | 93rd |
| FCF CAGR, 3 yr | 129.4% | 94th |
| Operating cash flow CAGR, 3 yr | 105.3% | 95th |
| Book value CAGR, 3 yr | 7.4% | 52nd |
| Dividend CAGR, 3 yr | — | |
| Sustainable growth rate | 1.6% | 7th |
Margin history & stability
| Measure | XYZ | Industry percentile |
|---|---|---|
| Gross margin, 3-yr average | 40.0% | 27th |
| Operating margin, 3-yr average | 7.0% | 53rd |
| Net margin, 3-yr average | 5.7% | 57th |
| FCF margin, 3-yr average | 7.4% | 25th |
| Revenue stability (0-1) | 0.94 | 43rd |
| Earnings stability (0-1) | 0.20 | 26th |
| Margin stability (0-1) | 0.76 | 13th |
Liquidity (latest quarter)
| Measure | XYZ | Industry percentile |
|---|---|---|
| Cash & short-term investments | $12.3B | 98th |
| Net cash (− = net debt) | $5.1B | 98th |
| Working capital | $12.7B | 99th |
| Current ratio | 2.21 | 83rd |
| Quick ratio | 2.19 | 84th |
| Cash ratio (cash + ST investments / current liabilities) | 1.17 | 65th |
| Defensive interval (days) | 795 days | 73rd |
Leverage & solvency (latest quarter)
| Measure | XYZ | Industry percentile |
|---|---|---|
| Total debt | $7.2B | 90th |
| Debt / equity | 0.33 | 46th |
| Net debt / equity | −0.23 | 54th |
| Debt / assets | 18.3% | 42nd |
| Debt / capital | 24.5% | 46th |
| Debt / EBITDA | 5.03 | 79th |
| Net debt / EBITDA | −3.58 | 23rd |
| Interest coverage (EBIT / interest) | 5.3x | 60th |
| Cash interest coverage | 20.6x | 60th |
| Debt payback (years of OCF) | 1.8 yrs | 46th |
| Liabilities / assets | 43.8% | 30th |
| IS credit model rating | A- | |
| Implied credit spread (bps) | 175 | 46th |
Efficiency
| Measure | XYZ | Industry percentile |
|---|---|---|
| Asset turnover | 0.66 | 63rd |
| Fixed asset turnover | 58.47 | 93rd |
| Inventory turnover | 79.6 | 86th |
| Receivables turnover | 6.5 | 57th |
| Days sales outstanding | 56 days | 43rd |
| Days inventory outstanding | 5 days | 14th |
| Days payables outstanding | 3 days | 6th |
| Cash conversion cycle (days) | 57 days | 73rd |
| Capex / revenue | 0.7% | 18th |
| Capex / depreciation | 0.46 | 48th |
| Operating expense ratio | 41.1% | 31st |
Cash flow & earnings quality
| Measure | XYZ | Industry percentile |
|---|---|---|
| Operating cash flow / net income | 11.36 | 89th |
| FCF / net income | 10.87 | 91st |
| FCF / operating cash flow | 95.7% | 71st |
| Capex / operating cash flow | 4.3% | 29th |
| Accruals ratio | -9.7% | 41st |
| Sloan accruals ratio | 7.0% | 84th |
| Earnings quality score (0-1) | 0.75 | 11th |
Scores & forensic checks
| Measure | XYZ | Industry percentile |
|---|---|---|
| IS score | 48 | 32nd |
| IS profitability | 22 | 25th |
| IS growth | 24 | 2nd |
| IS value | 44 | 63rd |
| IS momentum | 58 | 19th |
| IS risk (safety) | 65 | 46th |
| IS quality | 70 | 53rd |
| IS balance sheet | 81 | 72nd |
| IS earnings quality | 56 | 38th |
| IS cash flow | 77 | 59th |
| Piotroski F-score (0-9) | 7 | 58th |
| Altman Z-score | 2.9 | 49th |
| Beneish M-score | −2.84 | 30th |
| Ohlson O-score | −9.08 | 17th |
| IS credit score | 68 | 53rd |
Size (TTM)
| Measure | XYZ | Industry percentile |
|---|---|---|
| Market cap | $46.8B | 90th |
| Revenue | $25.0B | 98th |
| EBITDA | $1.4B | 88th |
| Net income | $357.1M | 74th |
| Free cash flow | $3.9B | 98th |
| Total assets | $39.2B | 94th |
| Shareholders' equity | $22.0B | 95th |
| Employees | 10,205 | 88th |
Insider transactions, last 6 months
Form 4 · most recent 12| Date | Insider | Type | Shares | Price | Value | Owned after |
|---|---|---|---|---|---|---|
| 2026-10-14 | Eisen Anthony Mathew Director |
Open-market sale | 6,000 | $75.70 | $454,200 | 1,272,672 |
| 2026-10-13 | Eisen Anthony Mathew Director |
Open-market sale | 6,000 | $76.80 | $460,800 | 1,278,672 |
| 2026-10-12 | Eisen Anthony Mathew Director |
Open-market sale | 6,000 | $76.97 | $461,820 | 1,284,672 |
| 2026-10-09 | Eisen Anthony Mathew Director |
Open-market sale | 6,000 | $75.75 | $454,500 | 1,290,672 |
| 2026-10-08 | Eisen Anthony Mathew Director |
Open-market sale | 6,000 | $75.17 | $451,020 | 1,296,672 |
| 2026-10-07 | Eisen Anthony Mathew Director |
Open-market sale | 6,000 | $75.35 | $452,100 | 1,302,672 |
| 2026-10-06 | Eisen Anthony Mathew Director |
Open-market sale | 6,000 | $76.68 | $460,080 | 1,308,672 |
| 2026-10-05 | Eisen Anthony Mathew Director |
Open-market sale | 6,000 | $74.24 | $445,440 | 1,314,672 |
| 2026-10-02 | Eisen Anthony Mathew Director |
Open-market sale | 6,000 | $75.61 | $453,660 | 1,320,672 |
| 2026-10-01 | Botha Roelof Director |
Award / grant | 271 | — | — | 36,744 |
| 2026-10-01 | Narula Neha Director |
Award / grant | 263 | — | — | 18,013 |
| 2026-10-01 | Meeker Mary G Director |
Award / grant | 254 | — | — | 425,865 |
Shares acquired vs disposed, by month
acquired disposed · all Form 4 typesBy transaction type, 6 months
| Type | Direction | Filings | Shares | Value |
|---|---|---|---|---|
| Award / grant | Acquired | 23 | 149,865 | $63,725 |
| Open-market sale | Disposed | 114 | 905,034 | $71.7M |
| Tax withholding | Disposed | 11 | 128,593 | $9.7M |
| — | Disposed | 1 | 0 | — |
Awards, option exercises and tax withholding are compensation mechanics; open-market buys and sales are the discretionary ones.
Form 144 notices
| Filed | Filer | Shares proposed | Est. proceeds |
|---|---|---|---|
| None on file. | |||
A Form 144 is notice of a proposed sale, not a confirmed one.
Congress trades
12 months: House 0 trades (0 purchases) · Senate 0 (0 purchases)| Traded | Member | Chamber | Type | Amount | Disclosed |
|---|---|---|---|---|---|
| 2025-09-29 | Ro Khanna | House | Sale | $1,001 - $15,000 | 2025-10-03 |
| 2025-05-07 | Jefferson Shreve | House | Sale (Full) | $15,001 - $50,000 | 2025-06-23 |
| 2025-04-10 | Jefferson Shreve | House | Sale (Partial) | $15,001 - $50,000 | 2025-05-09 |
| 2025-03-30 | Jefferson Shreve | House | Purchase | $50,001 - $100,000 | 2025-04-14 |
STOCK Act disclosures, in ranges, filed up to 45 days after the trade.
Largest 13F holders
Quarter to 2026-06-30, the latest most managers have filed| Manager | Shares | Value | % of shares out |
|---|---|---|---|
| BlackRock, Inc. | 41,573,031 | $3.2B | 6.92% |
| PRICE T ROWE ASSOCIATES INC /MD/ | 39,734,330 | $3.0B | 6.61% |
| VANGUARD CAPITAL MANAGEMENT LLC | 34,947,284 | $2.7B | 5.82% |
| VANGUARD PORTFOLIO MANAGEMENT LLC | 24,929,106 | $1.9B | 4.15% |
| STATE STREET CORP | 23,055,792 | $1.8B | 3.84% |
| Capital World Investors | 21,404,048 | $1.6B | 3.56% |
| GEODE CAPITAL MANAGEMENT, LLC | 14,236,500 | $1.1B | 2.37% |
| MORGAN STANLEY | 8,502,743 | $646.2M | 1.42% |
| AMERIPRISE FINANCIAL INC | 8,464,132 | $643.3M | 1.41% |
| NORGES BANK | 7,797,430 | $592.6M | 1.30% |
| LOOMIS SAYLES & CO L P | 7,340,417 | $557.9M | 1.22% |
| CITADEL ADVISORS LLC | 5,901,133 | $448.5M | 0.98% |
| GOLDMAN SACHS GROUP INC | 5,806,130 | $441.3M | 0.97% |
| BANK OF AMERICA CORP /DE/ | 5,746,501 | $436.7M | 0.96% |
| SANDS CAPITAL MANAGEMENT, LLC | 5,632,505 | $428.1M | 0.94% |
Institutional ownership by quarter
% of shares held by 13F filers
Number of 13F filers holding
Holder changes by quarter
| Quarter | Holders | Ownership | New | Increased | Reduced | Closed |
|---|---|---|---|---|---|---|
| None on file. | ||||||
Schedule 13D / 13G filers
| Filed | Form | Filer | % of class | Shares |
|---|---|---|---|---|
| None on file. | ||||
Required above 5% of a class; 13G is the passive form.
ETFs with the largest holding
| ETF | Weight in fund | Holding value |
|---|---|---|
| VITSX | 0.05% | $1.3B |
| VTI | 0.05% | $1.3B |
| VTSAX | 0.05% | $1.3B |
| VSMPX | 0.05% | $1.3B |
| VFFSX | 0.06% | $1.0B |
| VFIAX | 0.06% | $1.0B |
Share structure
Shares outstanding600,795,015
Float532,078,036
Free float88.6%
Income statement
Fiscal years, USD| FY2021 | FY2022 | FY2023 | FY2024 | FY2025 | |
|---|---|---|---|---|---|
| Revenue | $17.7B | $17.5B | $21.9B | $24.1B | $24.2B |
| Cost of revenue | $13.4B | $11.5B | $14.6B | $15.2B | $13.8B |
| Gross profit | $4.3B | $6.0B | $7.3B | $8.9B | $10.4B |
| R&D | $1.3B | $2.1B | $2.7B | $2.9B | $0 |
| SG&A | $2.5B | $3.7B | $4.0B | $4.1B | $2.0B |
| Operating income | $458.3M | −$624.5M | $632.8M | $892.3M | $1.7B |
| EBITDA | $408.5M | $313.2M | $379.4M | $2.1B | $1.8B |
| Pretax income | $157.5M | −$565.3M | −$29.1M | $1.4B | $1.7B |
| Income tax | −$1.4M | −$12.3M | −$8.0M | −$1.5B | $385.7M |
| Net income | $166.3M | −$540.7M | $9.8M | $2.9B | $1.3B |
| EPS, diluted | $0.33 | $-0.93 | $0.02 | $4.55 | $2.10 |
| Diluted shares | 501.8M | 578.9M | 614.0M | 636.4M | 622.8M |
Balance sheet
| FY2021 | FY2022 | FY2023 | FY2024 | FY2025 | |
|---|---|---|---|---|---|
| Cash & short-term investments | $8.1B | $8.8B | $6.2B | $12.7B | $7.1B |
| Receivables | $2.1B | $5.3B | $5.8B | $5.7B | $4.0B |
| Inventory | $77.1M | $97.7M | $110.1M | $105.0M | $0 |
| Total current assets | $10.5B | $15.6B | $17.8B | $19.9B | $22.9B |
| PP&E, net | $731.5M | $702.5M | $540.8M | $534.4M | $323.4M |
| Goodwill & intangibles | $776.3M | $14.0B | $13.7B | $12.9B | $13.1B |
| Total assets | $13.9B | $31.4B | $33.0B | $36.8B | $39.5B |
| Accounts payable | $336.8M | $558.4M | $142.6M | $118.0M | $301.6M |
| Total current liabilities | $5.4B | $8.4B | $8.9B | $8.5B | $10.4B |
| Long-term debt | $4.6B | $5.0B | $5.0B | $6.4B | $5.7B |
| Total liabilities | $10.6B | $14.1B | $14.3B | $15.5B | $17.4B |
| Shareholders' equity | $3.3B | $17.3B | $18.7B | $21.2B | $22.2B |
Cash flow statement
Outflows are negative| FY2021 | FY2022 | FY2023 | FY2024 | FY2025 | |
|---|---|---|---|---|---|
| Net income | $158.8M | −$553.0M | −$21.1M | $2.9B | $1.3B |
| Depreciation & amortization | $134.8M | $340.5M | $408.6M | $376.1M | $369.5M |
| Stock-based compensation | $608.0M | $1.1B | $1.3B | $1.3B | $1.2B |
| Change in working capital | −$221.4M | −$599.9M | −$685.3M | −$590.2M | −$841.5M |
| Operating cash flow | $847.8M | $175.9M | $101.0M | $1.7B | $2.6B |
| Capital expenditure | −$304.3M | −$170.8M | −$151.2M | −$153.9M | −$155.0M |
| Free cash flow | $543.5M | $5.1M | −$50.2M | $1.6B | $2.4B |
| Investing cash flow | −$1.3B | $1.2B | $683.2M | $650.0M | −$2.8B |
| Net debt issued / repaid | $2.0B | −$323.1M | −$209.0M | $1.9B | $1.2B |
| Buybacks | $0 | $0 | −$156.8M | −$1.2B | −$2.3B |
| Dividends paid | $0 | $0 | $0 | $0 | $0 |
Ratio history
Margins on the fiscal-year (TTM at Q4) basis; multiples at each year end| FY2021 | FY2022 | FY2023 | FY2024 | FY2025 | |
|---|---|---|---|---|---|
| Gross margin | 24.8% | 33.3% | 33.5% | 36.5% | 42.7% |
| Operating margin | 1.7% | -0.4% | 2.8% | 6.5% | 9.9% |
| Net margin | 0.9% | -3.1% | 0.4% | 12.0% | 5.4% |
| FCF margin | 3.0% | 0.0% | -0.2% | 6.4% | 10.0% |
| ROE | 5.6% | -5.3% | 0.5% | 14.5% | 6.0% |
| ROIC | 48.2% | -0.4% | 3.3% | 20.1% | 8.2% |
| ROA | 1.4% | -2.4% | 0.3% | 8.3% | 3.4% |
| Debt / equity | 1.69 | 0.37 | 0.32 | 0.37 | 0.33 |
| Interest coverage | 5.8x | n/m | — | 49.2x | 15.9x |
| Current ratio | 1.94 | 1.85 | 2.01 | 2.33 | 2.20 |
| Revenue growth | +86.0% | −0.7% | +25.0% | +10.1% | +0.3% |
| EPS growth | −25.0% | −372.5% | +115.1% | +3,230.3% | −53.7% |
| P/E at year end | 487.4x | n/m | 568.5x | 18.8x | 31.1x |
| EV / EBITDA at year end | 213.4x | n/m | 104.6x | 26.8x | 16.8x |
| FCF yield at year end | 0.65% | 0.01% | -0.10% | 2.86% | 5.98% |
| Dividend payout | 0.0% | — | 0.0% | 0.0% | 0.0% |
Revenue by segment
| FY2022 | FY2023 | FY2024 | FY2025 | |
|---|---|---|---|---|
| Cryptocurrency Denominated Assets | $7.1B | $9.5B | $10.2B | — |
| Software and Data Products | $4.6B | $5.9B | $7.2B | — |
| Transaction | $5.7B | $6.3B | $6.6B | — |
| Financial Solutions | — | — | — | $4.2B |
| Hardware | $164.4M | $157.2M | $143.4M | — |
Revenue by region · FY2025
UNITED STATES$22.2B · 92%
Non-US$2.0B · 8%
Street estimates by fiscal year
Next report 2026-11-03 · consensus EPS $1.03 · these are analysts' numbers, not ours| Fiscal year | Revenue (mean) | Revenue range | EPS (mean) | EPS range | Analysts | P/E on mean EPS |
|---|---|---|---|---|---|---|
| 2026 | $26.0B | $25.5B – $26.3B | $4.06 | $4.02 – $4.14 | 26 | 19.2x |
| 2027 | $29.0B | $27.7B – $29.6B | $5.24 | $4.08 – $5.76 | 27 | 14.9x |
| 2028 | $32.3B | $30.0B – $35.8B | $6.54 | $4.29 – $8.43 | 19 | 11.9x |
Reported vs expected, every quarter on file
| Reported | EPS expected | EPS actual | EPS surprise | Revenue expected | Revenue actual | Revenue surprise |
|---|---|---|---|---|---|---|
| 2026-08-05 | $0.87 | $1.02 | +17.1% | $6.5B | $6.6B | +2.2% |
| 2026-05-07 | $0.68 | $0.85 | +25.9% | $6.0B | $6.1B | +0.4% |
| 2026-02-26 | $0.65 | $0.65 | −0.3% | $6.3B | $6.3B | −0.4% |
| 2025-11-06 | $0.64 | $0.54 | −15.4% | $6.3B | $6.1B | −3.0% |
| 2025-08-07 | $0.63 | $0.62 | −1.1% | $6.3B | $6.1B | −3.8% |
| 2025-05-01 | $0.97 | $0.56 | −42.5% | $6.2B | $5.8B | −6.7% |
| 2025-02-20 | $0.88 | $0.71 | −19.1% | $6.3B | $6.0B | −4.2% |
| 2024-11-07 | $0.88 | $0.88 | −0.3% | $6.2B | $6.0B | −4.2% |
| 2024-08-01 | $0.31 | $0.52 | +67.7% | $6.3B | $6.2B | −1.8% |
| 2024-05-02 | $0.72 | $0.74 | +2.9% | $5.8B | $6.0B | +2.2% |
| 2024-02-22 | $0.58 | $0.28 | −51.6% | $5.7B | $5.8B | +1.3% |
| 2023-11-02 | $0.47 | $-0.05 | −110.2% | $5.4B | $5.6B | +3.8% |
| 2023-08-03 | $0.36 | $-0.20 | −155.3% | $5.1B | $5.5B | +8.5% |
| 2023-05-04 | $0.35 | $-0.03 | −109.1% | $4.6B | $5.0B | +8.7% |
| 2022-11-03 | $0.30 | $-0.03 | −110.5% | $4.6B | $4.5B | −2.4% |
Off-exchange (dark pool) volume, weekly
FINRA ATS, $ billions · through the week of 2026-08-31 (FINRA publishes with a delay)| Week of | Notional | Shares | Trades |
|---|---|---|---|
| 2026-08-31 | $517.1M | 6,348,195 | 118,044 |
| 2026-08-24 | $410.7M | 4,900,354 | 106,853 |
| 2026-08-17 | $374.8M | 4,635,351 | 108,966 |
| 2026-08-10 | $344.3M | 4,292,069 | 96,506 |
| 2026-08-03 | $714.5M | 8,759,630 | 155,562 |
| 2026-07-27 | $454.5M | 5,561,947 | 121,861 |
Short-sale share of off-exchange volume
daily 20-day average| Date | Short share | Short volume | Total volume |
|---|---|---|---|
| 2026-10-15 | 50.3% | 948,268 | 1,884,715 |
| 2026-10-14 | 36.3% | 667,777 | 1,840,642 |
| 2026-10-13 | 32.4% | 544,596 | 1,681,685 |
| 2026-10-12 | 26.5% | 449,449 | 1,697,125 |
| 2026-10-09 | 41.7% | 707,750 | 1,697,010 |
| 2026-10-08 | 52.7% | 1,141,426 | 2,167,638 |
| 2026-10-07 | 53.8% | 436,685 | 811,058 |
| 2026-10-06 | 54.3% | 532,164 | 979,984 |
| 2026-10-05 | 55.8% | 691,319 | 1,238,508 |
| 2026-10-02 | 53.6% | 674,289 | 1,258,629 |
A daily flow measure from FINRA, not short interest.
Seasonality
Average return by calendar month| Month | Avg return | Up years | Years |
|---|---|---|---|
| Jan | +3.2% | 55% | 11 |
| Feb | +5.0% | 73% | 11 |
| Mar | −1.0% | 45% | 11 |
| Apr | +1.2% | 50% | 10 |
| May | +0.1% | 50% | 10 |
| Jun | +4.9% | 80% | 10 |
| Jul | +10.1% | 90% | 10 |
| Aug | +2.2% | 50% | 10 |
| Sep | −3.9% | 40% | 10 |
| Oct | +1.0% | 50% | 10 |
| Nov | +10.7% | 64% | 11 |
| Dec | −2.5% | 45% | 11 |
History, not a forecast.
Indicators
as of 2026-10-16RSI 1452.2
MFI40.8
ADX13.8
Stochastic %K / %D74.4 / 77.0
Williams %R-37.4
CCI136
TSI / signal-2.9 / -9.6
Chaikin money flow0.14
ATR$2.46
Bollinger width8.7%
Volume vs 20-day avg0.90x
SupertrendDown
Moving averages and bands
level (price vs level)SMA 20$76.05 (+2.4%)
SMA 50$78.68 (−1.1%)
SMA 200$70.72 (+10.1%)
EMA 21$76.92 (+1.2%)
EMA 50$77.55 (+0.4%)
EMA 200$73.69 (+5.6%)
Bollinger upper$79.34 (−1.9%)
Bollinger lower$72.76 (+7.0%)
Parabolic SAR$74.81 (+4.1%)
Open the live chart, 110+ indicatorsAbout Block, Inc.
Block, Inc., operating through its subsidiaries, develops innovative tools that empower merchants to process card payments, gain insights from robust reporting and analytics, and benefit from expedited next-day fund settlement. The company offers a diverse range of hardware solutions, including the Magstripe reader for traditional swipe-based transactions, and the Contactless and chip reader, which accommodates Europay, MasterCard, and Visa (EMV) chip cards alongside Near Field Communication (NFC) payments. For comprehensive point-of-sale functionality, Block provides the Square Stand, enabling an iPad to serve as a complete payment terminal, and the Square Register, an integrated system combining proprietary hardware, software, and payment processing capabilities. Additionally, the Square Terminal offers a modern alternative to conventional keypad devices, functioning as both a payment processor and receipt printer, accepting tap, dip, and swipe payment methods. Beyond physical devices, Block supplies an extensive suite of software products. These encompass Square Point of Sale, Square Appointments, specialized applications for Retail and Restaurants, online commerce solutions like Square Online and Checkout, Square Invoices, Square Virtual Terminal, Square Team Management, Square Contracts, and a suite for Loyalty, Marketing, and Gift Cards, all managed through the Square Dashboard. Furthermore, Block supports developers with a dedicated platform featuring application programming interfaces (APIs) and software development kits (SDKs). Its portfolio also includes Cash App, a popular mobile service for sending, spending, and saving money, and Weebly, which delivers website hosting and domain registration services to customers. Serving an international clientele, the company's operations extend across the United States, Canada, Japan, Australia, Ireland, France, Spain, and the United Kingdom. Originally established as Square, Inc. in 2009, the San Francisco, California-based firm officially adopted the name Block, Inc. in December 2021.
https://www.block.xyz
Key executives
| Name | Title | Pay | Born |
|---|---|---|---|
| Amrita Ahuja | Foundational Lead, Chief Operating Officer, Chief Financial Officer & Treasurer | $596,250 | 1980 |
| Brian Grassadonia | Ecosystem Lead | $596,250 | 1983 |
| Owen Britton Jennings | Business Lead | $596,250 | 1990 |
| Chrysty Esperanza | Counsel Lead, Chief Legal Officer & Corporate Secretary | $549,259 | 1979 |
| James Morgan McKelvey Jr. | Co-Founder & Director | $45,000 | 1965 |
| Jack Dorsey | Co-Founder, Block Head & Chairman | $3 | 1977 |
| Andrea L. Acosta | Chief Accounting Officer | — | 1979 |
| Matthew Ross | Head of Investor Relations | — | — |
Executive pay, latest proxy
| Executive | Year | Salary | Stock awards | Incentive | Total |
|---|---|---|---|---|---|
| None on file. | |||||
Employees
Dividends
| Ex-date | Amount | Paid |
|---|---|---|
| None on file. | ||
Moat model
Weak · Intangible Assets · 2026-06-30Cost advantage53
Intangibles55
Switching costs40
Network effect47
Efficient scale52
Our component scores (0-100) and overall 49.2; a model of the business, not a call on the stock.
InsiderStreet reports findings from filings and market data. Nothing on this page is a recommendation to buy or sell.Every figure is computed in code · data as of 2026-10-17