Block (XYZ)

Financials · $51.4B market cap · SEC CIK 0001512673

Next reports on Feb 24, 2027, after the close, with analysts expecting $1.16 in earnings per share.

52-week range $48.21 to $89.40. 4% below its 52-week high and 78% above its low.

The case for XYZ

• Has compounded revenue at 20.6% a year over five years.
• Within 4% of its 52-week high: the trend is up.

The case against

• Expensive for its growth: 111.5× earnings, where 10%+ a year of growth would justify about 23×.
• Earnings per share down 85.2%.
• Return on equity of only 2%.
• Swings harder than the market (beta 2.65).
• Growth is slowing: revenue up 7.0% this year against 20.6% a year over five.
• Net margin of 1.8% leaves very little room for error.

What the score is made of

Each factor is half a curve over reported figures and half a rank among the other Financials companies (momentum is judged against fixed thresholds only), and the five are blended by weight. The score is where that blend places it in the S&P 500. It describes the last filing and the current price. It is not a forecast.

• Its debt and cash flow are not scored, as for every company in the Financials sector: for banks, insurers and brokers, borrowing is the business.
• Each factor except momentum is half fixed thresholds, half rank among the 76 Financials companies.

The financials

The financials, five years deep

Pulled from Block's XBRL filings on SEC EDGAR. Italic rows are worked out from the others.

What Block says it does

Our Purpose 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. Our Ecosystems 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. Our platform integrates payments, banking, lending, and commerce solutions designed to provide secure, reliable, and scalable financial infrastructure. We apply data, automation, and AI to improve the speed, accuracy, and usability of our products. Our ecosystem strategy connects these capabilities across both sellers and consumers. The…

Risk factors XYZ lists in its 10-K

• Economic, financial, and tax risks
• Legal, regulatory, and compliance risks
• We have generated significant net losses in the past, and we intend to continue to invest in our business. Thus, our profitability may decline
• Our business depends on our ability to maintain, protect, and enhance our brands
• Our efforts to expand our product portfolio and market reach, including through acquisitions, may not succeed and may reduce our revenue growth and profitability
• Substantial and increasingly intense competition in our markets and industry may harm our business
• Developments in the cryptocurrency market subject us to additional risks
• The development and use of AI in our products may result in reputational and competitive harm and could adversely impact our business
• Operating or expanding our business globally subjects us to new challenges and risks
• We are subject to risks related to the banking ecosystem, including through Square Financial Services, our bank partnerships, and FDIC and other regulatory obligations
• Our loan products are subject to risks related to general macroeconomic conditions and increase our exposure to customer defaults
• TIDAL subjects us to risks and uncertainties related to the music industry
• Our risk management efforts may not be effective, which could expose us to losses and liability and otherwise harm our business
• We are dependent on payment card networks and acquiring processors, and changes to our relationships with payment card networks and acquiring processors could harm our business
• We depend on key management, as well as our experienced and capable employees, and any failure to attract, motivate, and retain our employees could harm our ability to maintain and grow our business
• If we do not continue to maintain and improve our operational, financial, and other internal controls and systems to manage growth effectively, our business could be harmed
• Our services must integrate with a variety of operating systems. If we are unable to ensure that our services or hardware interoperate with such operating systems and devices, our business may be materially and adversely affected
• Volatility in general macroeconomic conditions could materially and adversely affect our business and financial results
• We may not be able to secure financing on favorable terms, or at all, to meet our future capital needs
• We are subject to counterparty risk with respect to the convertible note hedge transactions
• Our bitcoin investment is subject to volatile market prices
• We are exposed to fluctuations in foreign currency exchange rates
• We are subject to taxation related risks in multiple jurisdictions
• We have in the past recorded, and may in the future record, significant valuation allowances on our deferred tax assets, which may have a material impact on our results of operations and cause fluctuations in such results
• Our business is subject to extensive regulation and oversight in a variety of areas, all of which are subject to change and uncertain interpretation
• Our business is subject to complex and evolving regulations and oversight related to privacy, data protection, and information security
• We are subject to risks related to legal and regulatory matters
• As a licensed money transmitter and virtual currency business, we are subject to important obligations and restrictions
• We are subject to a number of regulatory risks in the BNPL space
• Our subsidiary Cash App Investing is a broker-dealer registered with the SEC and a member of FINRA, and therefore is subject to extensive regulation and scrutiny
• Cash App Investing is subject to net capital and other regulatory capital requirements; failure to comply with these rules could harm our business
• Our intellectual property rights are valuable, and any inability to protect them could reduce the value of our products, services, and brand
• Assertions by third parties of infringement or other violation by us of their intellectual property rights could harm our business
• Increased scrutiny from investors, regulators, and other stakeholders relating to sustainability issues could result in additional costs for us and may adversely impact our reputation
• The market price of our Class A common stock has been and will likely continue to be volatile, and you could lose all or part of your investment
• Our Class A common stock is listed to trade on more than one stock exchange, and this may result in price variations between the exchanges
• The convertible note hedge and warrant transactions may affect the value of our Class A common stock
• Anti-takeover provisions contained in our certificate of incorporation, our bylaws, and provisions of Delaware law could impair a takeover attempt

Filings

Other Financials companies