XYZ NYSE Transaction & Payment Processing Services Financials FY2016βFY2025
Block runs two main businesses. Square sells payment processing, software and hardware that let sellers, from sole proprietors to multinational businesses, accept card payments and run their shops. Cash App is a consumer app where people send and receive money, spend with a card, save, invest, buy now and pay later, borrow, and buy bitcoin. Block also owns TIDAL, a music streaming service, and builds bitcoin products such as the Bitkey wallet and the Proto mining system.
Hi! I read Blockβs latest annual report (fiscal 2025). Here is what stands out:
Good So-so Weak
Are sales growing?
+0.3%
Only a little. Sales grew 0.3% last year.
Does it make a profit?
5.4%
A little. It keeps 5.4% of every sale as profit.
Does profit turn into cash?
10.0%
Yes. 10.0% of sales ends up as free cash.
Is debt under control?
0.1x
Yes. It could repay its debt with 0.1 years of operating profit.
How healthy are the accounts?
5 / 9
Mixed. It passes 5 of 9 health tests.
How is the share priced?
133.1x
One share costs 133.1 times its yearly profit per share. Typical for its sector: 13.7x.
Rules of thumb on reported numbers. A starting point, not a recommendation.
About these figures. Debt is Block's long-term debt and its current portion; the warehouse facilities that fund its consumer loans aren't included.
Is it selling more, and how much does it keep?
KIRA Β· Block had $24.2B of revenue in fiscal 2025, up 0.3% on the year before. Over five years, revenue changed +20.6% a year on average. Its operating margin was 7.1%, up 3.4Β pts: of every 100 in sales, about 7 is left after running the business.
In plain words: Revenue is all the money customers paid. The margins show how many cents of each dollar of sales are left over at each step: after making the product (gross), after running the business (operating) and after everything, tax included (net).
Revenue
Revenue
Margins, % of revenue
Margins, % of revenue
KIRA Β· Block made $1.3B of net profit in fiscal 2025.
Loss periods are shown in red.
In plain words: Net income is the profit left after every cost and tax. Earnings per share (EPS) splits that profit across every share, so it shows what one share earned.
Net income
Net income
Diluted EPS
Diluted EPS
How much cash comes in, and where does it go?
KIRA Β· Free cash flow was $2.4B in fiscal 2025, 10.0% of revenue.
Cash from operations minus capital spending.
In plain words: Profit on paper is not the same as cash in the bank. Free cash flow is the cash left after paying to run and maintain the business: the money it can hand back to shareholders, save or invest.
Free cash flow
Free cash flow
Cash from operations vs capital spending
Cash from operations vs capital spending
KIRA Β· Block returned $2.3B to shareholders in fiscal 2025, 96% of free cash flow. The diluted share count fell 2.1%.
In plain words: Companies hand cash back in two ways: dividends (cash paid to shareholders) and buybacks (buying back their own shares, so each remaining share owns a bigger slice).
Dividends and buybacks
Dividends and buybacks
Diluted shares outstanding (annual)
KIRA Β· In the last 12 months, insiders sold $90.9M of shares on the open market and bought none.
Open-market purchases and sales by officers, directors and 10% owners, from Form 4 filings. βPlanβ marks trades under a pre-arranged Rule 10b5-1 plan.
In plain words: Insiders are the people who run or own a big part of the company. Buying with their own money can signal confidence; selling often has personal reasons, like taxes or diversifying.
Bought, 12 months
$0.0M
0 insiders
Sold, 12 months
$90.9M
7 insiders
Of sales under plans
98%
$88.7M
| Date | Insider | Trade | Shares | Price | Value | Filing |
|---|---|---|---|---|---|---|
| Oct 22, 2026 | Anthony Mathew EisenDirector | Sold plan | 6,000 | $78.06 | $0.5M | Form 4 |
| Oct 21, 2026 | Anthony Mathew EisenDirector | Sold plan | 6,000 | $79.07 | $0.5M | Form 4 |
| Oct 20, 2026 | Anthony Mathew EisenDirector | Sold plan | 6,000 | $77.25 | $0.5M | Form 4 |
| Oct 19, 2026 | Anthony Mathew EisenDirector | Sold plan | 6,000 | $78.58 | $0.5M | Form 4 |
| Oct 16, 2026 | Anthony Mathew EisenDirector | Sold plan | 6,000 | $80.43 | $0.5M | Form 4 |
| Oct 15, 2026 | Anthony Mathew EisenDirector | Sold plan | 6,000 | $76.99 | $0.5M | Form 4 |
| Oct 14, 2026 | Anthony Mathew EisenDirector | Sold plan | 6,000 | $75.70 | $0.5M | Form 4 |
| Oct 13, 2026 | Anthony Mathew EisenDirector | Sold plan | 6,000 | $76.80 | $0.5M | Form 4 |
| Oct 12, 2026 | Anthony Mathew EisenDirector | Sold plan | 6,000 | $76.97 | $0.5M | Form 4 |
| Oct 9, 2026 | Anthony Mathew EisenDirector | Sold plan | 6,000 | $75.75 | $0.5M | Form 4 |
| Oct 8, 2026 | Anthony Mathew EisenDirector | Sold plan | 6,000 | $75.17 | $0.5M | Form 4 |
| Oct 7, 2026 | Anthony Mathew EisenDirector | Sold plan | 6,000 | $75.35 | $0.5M | Form 4 |
| Oct 6, 2026 | Anthony Mathew EisenDirector | Sold plan | 6,000 | $76.68 | $0.5M | Form 4 |
| Oct 5, 2026 | Anthony Mathew EisenDirector | Sold plan | 6,000 | $74.24 | $0.4M | Form 4 |
| Oct 2, 2026 | Anthony Mathew EisenDirector | Sold plan | 6,000 | $75.61 | $0.5M | Form 4 |
| Oct 1, 2026 | Anthony Mathew EisenDirector | Sold plan | 6,000 | $73.67 | $0.4M | Form 4 |
| Sep 30, 2026 | Anthony Mathew EisenDirector | Sold plan | 6,000 | $74.33 | $0.4M | Form 4 |
| Sep 29, 2026 | Anthony Mathew EisenDirector | Sold plan | 6,000 | $73.29 | $0.4M | Form 4 |
| Sep 28, 2026 | Anthony Mathew EisenDirector | Sold plan | 6,000 | $75.20 | $0.5M | Form 4 |
| Sep 25, 2026 | Anthony Mathew EisenDirector | Sold plan | 6,000 | $76.90 | $0.5M | Form 4 |
| Sep 24, 2026 | Anthony Mathew EisenDirector | Sold plan | 6,000 | $74.58 | $0.4M | Form 4 |
| Sep 23, 2026 | Anthony Mathew EisenDirector | Sold plan | 6,000 | $76.67 | $0.5M | Form 4 |
| Sep 22, 2026 | Anthony Mathew EisenDirector | Sold plan | 6,000 | $79.59 | $0.5M | Form 4 |
| Sep 21, 2026 | Anthony Mathew EisenDirector | Sold plan | 6,000 | $77.54 | $0.5M | Form 4 |
| Sep 18, 2026 | Anthony Mathew EisenDirector | Sold plan | 6,000 | $76.55 | $0.5M | Form 4 |
| Sep 17, 2026 | Anthony Mathew EisenDirector | Sold plan | 6,000 | $77.97 | $0.5M | Form 4 |
| Sep 16, 2026 | Anthony Mathew EisenDirector | Sold plan | 6,000 | $78.36 | $0.5M | Form 4 |
| Sep 15, 2026 | Anthony Mathew EisenDirector | Sold plan | 6,000 | $79.31 | $0.5M | Form 4 |
| Sep 14, 2026 | Anthony Mathew EisenDirector | Sold plan | 6,000 | $78.96 | $0.5M | Form 4 |
| Sep 11, 2026 | Anthony Mathew EisenDirector | Sold plan | 6,000 | $79.96 | $0.5M | Form 4 |
| Sep 10, 2026 | Anthony Mathew EisenDirector | Sold plan | 6,000 | $78.39 | $0.5M | Form 4 |
| Sep 9, 2026 | Anthony Mathew EisenDirector | Sold plan | 6,000 | $79.27 | $0.5M | Form 4 |
| Sep 8, 2026 | Anthony Mathew EisenDirector | Sold plan | 6,000 | $82.18 | $0.5M | Form 4 |
| Sep 4, 2026 | Anthony Mathew EisenDirector | Sold plan | 6,000 | $82.51 | $0.5M | Form 4 |
| Sep 3, 2026 | Anthony Mathew EisenDirector | Sold plan | 6,000 | $83.57 | $0.5M | Form 4 |
| Sep 2, 2026 | Anthony Mathew EisenDirector | Sold plan | 6,000 | $77.30 | $0.5M | Form 4 |
| Sep 1, 2026 | Anthony Mathew EisenDirector | Sold plan | 6,000 | $80.04 | $0.5M | Form 4 |
| Aug 31, 2026 | Anthony Mathew EisenDirector | Sold plan | 6,000 | $82.58 | $0.5M | Form 4 |
| Aug 28, 2026 | Anthony Mathew EisenDirector | Sold plan | 6,000 | $85.12 | $0.5M | Form 4 |
| Aug 27, 2026 | Anthony Mathew EisenDirector | Sold plan | 6,000 | $84.00 | $0.5M | Form 4 |
| Aug 26, 2026 | Anthony Mathew EisenDirector | Sold plan | 6,000 | $82.00 | $0.5M | Form 4 |
| Aug 25, 2026 | Anthony Mathew EisenDirector | Sold plan | 6,000 | $81.81 | $0.5M | Form 4 |
| Aug 24, 2026 | Amrita AhujaCFO & COO | Sold plan | 9,511 | $82.43 | $0.8M | Form 4 |
| Aug 24, 2026 | Anthony Mathew EisenDirector | Sold plan | 6,000 | $81.48 | $0.5M | Form 4 |
| Aug 24, 2026 | Brian GrassadoniaEcosystem Lead | Sold plan | 8,173 | $82.42 | $0.7M | Form 4 |
| Aug 24, 2026 | Owen Britton JenningsBusiness Lead | Sold plan | 1,317 | $81.48 | $0.1M | Form 4 |
| Aug 21, 2026 | Amrita AhujaCFO & COO | Sold plan | 3,101 | $80.04 | $0.2M | Form 4 |
| Aug 21, 2026 | Anthony Mathew EisenDirector | Sold plan | 6,000 | $80.04 | $0.5M | Form 4 |
| Aug 21, 2026 | Owen Britton JenningsBusiness Lead | Sold plan | 584 | $80.04 | $0.0M | Form 4 |
| Aug 20, 2026 | Anthony Mathew EisenDirector | Sold plan | 6,000 | $80.87 | $0.5M | Form 4 |
| Aug 19, 2026 | Anthony Mathew EisenDirector | Sold plan | 6,000 | $79.55 | $0.5M | Form 4 |
| Aug 18, 2026 | Anthony Mathew EisenDirector | Sold plan | 6,000 | $79.17 | $0.5M | Form 4 |
| Aug 17, 2026 | Anthony Mathew EisenDirector | Sold plan | 6,000 | $81.63 | $0.5M | Form 4 |
| Aug 14, 2026 | Anthony Mathew EisenDirector | Sold plan | 6,000 | $82.87 | $0.5M | Form 4 |
| Aug 13, 2026 | Anthony Mathew EisenDirector | Sold plan | 6,000 | $79.16 | $0.5M | Form 4 |
| Aug 12, 2026 | Anthony Mathew EisenDirector | Sold plan | 6,000 | $78.62 | $0.5M | Form 4 |
| Aug 11, 2026 | Anthony Mathew EisenDirector | Sold plan | 6,000 | $78.82 | $0.5M | Form 4 |
| Aug 10, 2026 | Anthony Mathew EisenDirector | Sold plan | 6,000 | $78.47 | $0.5M | Form 4 |
| Aug 7, 2026 | Anthony Mathew EisenDirector | Sold plan | 6,000 | $78.90 | $0.5M | Form 4 |
| Aug 6, 2026 | Anthony Mathew EisenDirector | Sold plan | 6,000 | $83.07 | $0.5M | Form 4 |
| Aug 5, 2026 | Amrita AhujaCFO & COO | Sold plan | 8,971 | $85.85 | $0.8M | Form 4 |
| Aug 5, 2026 | Anthony Mathew EisenDirector | Sold plan | 41,000 | $85.85 | $3.5M | Form 4 |
| Aug 4, 2026 | Anthony Mathew EisenDirector | Sold plan | 6,000 | $82.31 | $0.5M | Form 4 |
| Aug 3, 2026 | Anthony Mathew EisenDirector | Sold plan | 6,000 | $81.52 | $0.5M | Form 4 |
| Aug 3, 2026 | Brian GrassadoniaEcosystem Lead | Sold plan | 25,908 | $81.64 | $2.1M | Form 4 |
| Jul 31, 2026 | Anthony Mathew EisenDirector | Sold plan | 6,000 | $82.27 | $0.5M | Form 4 |
| Jul 30, 2026 | Anthony Mathew EisenDirector | Sold plan | 6,000 | $81.17 | $0.5M | Form 4 |
| Jul 29, 2026 | Anthony Mathew EisenDirector | Sold plan | 6,000 | $82.22 | $0.5M | Form 4 |
| Jul 28, 2026 | Anthony Mathew EisenDirector | Sold plan | 6,000 | $81.70 | $0.5M | Form 4 |
| Jul 27, 2026 | Anthony Mathew EisenDirector | Sold plan | 6,000 | $78.88 | $0.5M | Form 4 |
| Jul 24, 2026 | Anthony Mathew EisenDirector | Sold plan | 6,000 | $77.03 | $0.5M | Form 4 |
| Jul 23, 2026 | Anthony Mathew EisenDirector | Sold plan | 6,000 | $77.32 | $0.5M | Form 4 |
| Jul 22, 2026 | Anthony Mathew EisenDirector | Sold plan | 6,000 | $79.10 | $0.5M | Form 4 |
| Jul 21, 2026 | Anthony Mathew EisenDirector | Sold plan | 6,000 | $79.31 | $0.5M | Form 4 |
| Jul 20, 2026 | Anthony Mathew EisenDirector | Sold plan | 6,000 | $78.90 | $0.5M | Form 4 |
| Jul 17, 2026 | Anthony Mathew EisenDirector | Sold plan | 6,000 | $79.13 | $0.5M | Form 4 |
| Jul 16, 2026 | Anthony Mathew EisenDirector | Sold plan | 6,000 | $82.11 | $0.5M | Form 4 |
| Jul 15, 2026 | Anthony Mathew EisenDirector | Sold plan | 141,000 | $83.52 | $11.8M | Form 4 |
| Jul 14, 2026 | Anthony Mathew EisenDirector | Sold plan | 6,000 | $78.58 | $0.5M | Form 4 |
| Jul 13, 2026 | Anthony Mathew EisenDirector | Sold plan | 6,000 | $78.35 | $0.5M | Form 4 |
| Jul 10, 2026 | Anthony Mathew EisenDirector | Sold plan | 6,000 | $78.91 | $0.5M | Form 4 |
| Jul 9, 2026 | Anthony Mathew EisenDirector | Sold plan | 6,000 | $76.14 | $0.5M | Form 4 |
| Jul 8, 2026 | Anthony Mathew EisenDirector | Sold plan | 6,000 | $76.66 | $0.5M | Form 4 |
| Jul 7, 2026 | Anthony Mathew EisenDirector | Sold plan | 6,000 | $79.49 | $0.5M | Form 4 |
| Jul 6, 2026 | Anthony Mathew EisenDirector | Sold plan | 6,000 | $78.77 | $0.5M | Form 4 |
| Jul 2, 2026 | Anthony Mathew EisenDirector | Sold plan | 36,000 | $79.83 | $2.9M | Form 4 |
| Jul 2, 2026 | Brian GrassadoniaEcosystem Lead | Sold plan | 43,348 | $80.00 | $3.5M | Form 4 |
| Jul 1, 2026 | Anthony Mathew EisenDirector | Sold plan | 6,000 | $76.40 | $0.5M | Form 4 |
| Jun 30, 2026 | Anthony Mathew EisenDirector | Sold plan | 6,000 | $78.80 | $0.5M | Form 4 |
| Jun 29, 2026 | Anthony Mathew EisenDirector | Sold plan | 6,000 | $78.93 | $0.5M | Form 4 |
| Jun 26, 2026 | Anthony Mathew EisenDirector | Sold plan | 6,000 | $74.80 | $0.4M | Form 4 |
| Jun 25, 2026 | Anthony Mathew EisenDirector | Sold plan | 6,000 | $75.70 | $0.5M | Form 4 |
| Jun 24, 2026 | Anthony Mathew EisenDirector | Sold plan | 6,000 | $74.01 | $0.4M | Form 4 |
| Jun 23, 2026 | Anthony Mathew EisenDirector | Sold plan | 6,000 | $72.29 | $0.4M | Form 4 |
| Jun 22, 2026 | Anthony Mathew EisenDirector | Sold plan | 6,000 | $74.28 | $0.4M | Form 4 |
| Jun 18, 2026 | Anthony Mathew EisenDirector | Sold plan | 6,000 | $73.99 | $0.4M | Form 4 |
| Jun 17, 2026 | Anthony Mathew EisenDirector | Sold plan | 6,000 | $74.10 | $0.4M | Form 4 |
| Jun 16, 2026 | Amrita AhujaCFO & COO | Sold plan | 8,093 | $75.00 | $0.6M | Form 4 |
| Jun 16, 2026 | Anthony Mathew EisenDirector | Sold plan | 6,000 | $74.95 | $0.4M | Form 4 |
| Jun 15, 2026 | Anthony Mathew EisenDirector | Sold plan | 6,000 | $72.26 | $0.4M | Form 4 |
| Jun 12, 2026 | Anthony Mathew EisenDirector | Sold plan | 6,000 | $69.78 | $0.4M | Form 4 |
| Jun 11, 2026 | Anthony Mathew EisenDirector | Sold plan | 6,000 | $66.07 | $0.4M | Form 4 |
| Jun 10, 2026 | Anthony Mathew EisenDirector | Sold plan | 6,000 | $66.64 | $0.4M | Form 4 |
| Jun 9, 2026 | Anthony Mathew EisenDirector | Sold plan | 6,000 | $68.82 | $0.4M | Form 4 |
| Jun 8, 2026 | Anthony Mathew EisenDirector | Sold plan | 6,000 | $68.22 | $0.4M | Form 4 |
| Jun 5, 2026 | Anthony Mathew EisenDirector | Sold plan | 6,000 | $70.19 | $0.4M | Form 4 |
| Jun 4, 2026 | Anthony Mathew EisenDirector | Sold plan | 6,000 | $70.84 | $0.4M | Form 4 |
| Jun 3, 2026 | Anthony Mathew EisenDirector | Sold plan | 6,000 | $72.82 | $0.4M | Form 4 |
| Jun 2, 2026 | Anthony Mathew EisenDirector | Sold plan | 6,000 | $76.35 | $0.5M | Form 4 |
| Jun 1, 2026 | Amrita AhujaCFO & COO | Sold plan | 11,076 | $76.62 | $0.8M | Form 4 |
| Jun 1, 2026 | Anthony Mathew EisenDirector | Sold plan | 135,750 | $76.81 | $10.4M | Form 4 |
| May 22, 2026 | Brian GrassadoniaEcosystem Lead | Sold plan | 8,166 | $68.01 | $0.6M | Form 4 |
| May 22, 2026 | Owen Britton JenningsBusiness Lead | Sold plan | 1,316 | $68.54 | $0.1M | Form 4 |
| May 21, 2026 | Owen Britton JenningsBusiness Lead | Sold plan | 583 | $69.83 | $0.0M | Form 4 |
| May 19, 2026 | Owen Britton JenningsBusiness Lead | Sold plan | 44 | $71.00 | $0.0M | Form 4 |
| Apr 21, 2026 | Amrita AhujaCFO & COO | Sold plan | 30,919 | $75.00 | $2.3M | Form 4 |
| Apr 21, 2026 | Chrysty EsperanzaChief Legal Officer | Sold plan | 3,000 | $75.00 | $0.2M | Form 4 |
| Apr 6, 2026 | Brian GrassadoniaEcosystem Lead | Sold plan | 1,769 | $60.25 | $0.1M | Form 4 |
| Apr 6, 2026 | Owen Britton JenningsBusiness Lead | Sold plan | 133 | $60.25 | $0.0M | Form 4 |
| Mar 3, 2026 | Owen Britton JenningsBusiness Lead | Sold plan | 3,555 | $63.41 | $0.2M | Form 4 |
| Feb 24, 2026 | Brian GrassadoniaEcosystem Lead | Sold plan | 10,349 | $50.00 | $0.5M | Form 4 |
| Jan 6, 2026 | Brian GrassadoniaEcosystem Lead | Sold plan | 1,983 | $68.52 | $0.1M | Form 4 |
| Jan 2, 2026 | Ajmere DaleChief Accounting Officer | Sold plan | 1,173 | $65.09 | $0.1M | Form 4 |
| Jan 2, 2026 | Amrita AhujaCFO & COO | Sold | 1,101 | $63.98 | $0.1M | Form 4 |
| Jan 2, 2026 | Brian GrassadoniaEcosystem Lead | Sold plan | 1,038 | $63.98 | $0.1M | Form 4 |
| Jan 2, 2026 | Chrysty EsperanzaChief Legal Officer | Sold | 331 | $63.98 | $0.0M | Form 4 |
| Jan 2, 2026 | Owen Britton JenningsBusiness Lead | Sold | 822 | $63.98 | $0.1M | Form 4 |
| Nov 24, 2025 | Brian GrassadoniaEcosystem Lead | Sold plan | 8,085 | $61.96 | $0.5M | Form 4 |
| Nov 21, 2025 | Ajmere DaleChief Accounting Officer | Sold | 2,724 | $61.40 | $0.2M | Form 4 |
| Nov 21, 2025 | Amrita AhujaCFO & COO | Sold | 9,959 | $61.40 | $0.6M | Form 4 |
| Nov 21, 2025 | Arnaud WeberEngineering Lead | Sold | 7,095 | $61.40 | $0.4M | Form 4 |
| Nov 21, 2025 | Brian GrassadoniaEcosystem Lead | Sold plan | 6,460 | $61.40 | $0.4M | Form 4 |
| Nov 21, 2025 | Chrysty EsperanzaChief Legal Officer | Sold | 3,608 | $61.40 | $0.2M | Form 4 |
| Nov 21, 2025 | Owen Britton JenningsBusiness Lead | Sold | 10,417 | $61.40 | $0.6M | Form 4 |
| Oct 8, 2025 | Ajmere DaleChief Accounting Officer | Sold plan | 750 | $80.00 | $0.1M | Form 4 |
| Oct 8, 2025 | Brian GrassadoniaEcosystem Lead | Sold plan | 35,145 | $80.00 | $2.8M | Form 4 |
| Oct 3, 2025 | Amrita AhujaCFO & COO | Sold plan | 1,276 | $76.69 | $0.1M | Form 4 |
| Oct 3, 2025 | Brian GrassadoniaEcosystem Lead | Sold plan | 1,679 | $76.69 | $0.1M | Form 4 |
| Oct 2, 2025 | Ajmere DaleChief Accounting Officer | Sold plan | 520 | $74.77 | $0.0M | Form 4 |
| Oct 2, 2025 | Amrita AhujaCFO & COO | Sold plan | 1,351 | $74.77 | $0.1M | Form 4 |
| Oct 2, 2025 | Brian GrassadoniaEcosystem Lead | Sold plan | 1,342 | $74.77 | $0.1M | Form 4 |
| Oct 2, 2025 | Chrysty EsperanzaChief Legal Officer | Sold | 406 | $74.77 | $0.0M | Form 4 |
| Oct 2, 2025 | Owen Britton JenningsBusiness Lead | Sold | 1,050 | $74.77 | $0.1M | Form 4 |
| Oct 1, 2025 | Ajmere DaleChief Accounting Officer | Sold plan | 750 | $72.22 | $0.1M | Form 4 |
Can it carry its debts, and how well does it use its money?
KIRA Β· Block owes $207M more than it holds in cash, about 0.1 years of operating profit.
Cash, debt and the ratios that show how comfortably Block can carry it.
In plain words: What the company owns and what it owes. More cash than debt is a cushion for bad times; a lot of debt leaves less room when business slows down.
Cash vs debt (incl. leases)
| Fiscal year end | FY21 | FY22 | FY23 | FY24 | FY25 |
|---|---|---|---|---|---|
| Cash and short-term investments | $5.3B | $5.6B | $5.8B | $8.5B | $7.1B |
| Debt incl. finance leases | $4.6B | $4.6B | $4.1B | $6.1B | $7.3B |
| Net debt / EBITDA | β2.6x | β | β13.3x | β1.9x | 0.1x |
| Debt / equity | 1.4x | 0.3x | 0.2x | 0.3x | 0.3x |
| Interest coverage | 2.8x | β | β | 5.4x | 6.7x |
| Current ratio | 1.8x | 1.9x | 2.0x | 2.3x | 2.2x |
| Quick ratio | 1.8x | 1.8x | 2.0x | 2.3x | 2.2x |
| Total assets | $15.0B | $31.4B | $33.0B | $36.8B | $39.5B |
| Total liabilities | $11.7B | $14.1B | $14.3B | $15.5B | $17.4B |
| Shareholders' equity | $3.3B | $17.2B | $18.7B | $21.3B | $22.2B |
| Net debt (β = net cash) | β$753M | β$1.1B | β$1.7B | β$2.4B | $207M |
KIRA Β· Its return on capital was 6.4%: every 100 invested in the business earned about 6 in a year.
After-tax operating income as a share of the money invested in the business: debt plus equity, minus cash.
In plain words: How much profit the business makes on the money put into it. A higher percentage means each dollar invested works harder.
Return on capital, equity and assets (annual)
KIRA Β· Block passes 5 of 9 financial health tests (Piotroski F-score).
Nine pass/fail tests of profitability, funding and efficiency. 8β9 is strong, 0β2 weak.
In plain words: Nine yes/no tests of financial health, one point each. A green tick is a pass: 7 to 9 points is solid, 0 to 3 is weak.
| Test | FY23 | FY24 | FY25 |
|---|---|---|---|
| Net income is positive | β | β | β |
| Cash from operations is positive | β | β | β |
| Return on assets rose | β | β | β |
| Cash from operations exceeds net income | β | β | β |
| Debt fell relative to assets | β | β | β |
| Current ratio rose | β | β | β |
| Share count didn't rise | β | β | β |
| Gross margin rose | β | β | β |
| Revenue rose relative to assets | β | β | β |
| F-score | 7 / 9 | 6 / 9 | 5 / 9 |
| Accruals ratio | β0.3% | 3.4% | β3.3% |
| Altman Z'' | 3.03 | 3.83 | 4.00 |
What does the share cost, and how does it compare?
KIRA Β· At $74.55 a share, the company is worth $45.4B: 133.1 times its earnings of the last four quarters.
Change the assumptions and see what they imply per share. These are models, not forecasts or price targets β the answer depends entirely on what you put in.
In plain words: Move the sliders to try your own guesses about growth. The result is what one share would be worth if those guesses came true. Different guesses give very different answers.
Value per share
β
Adds net cash of β$207M and divides by 622.8M diluted shares. Ten years of cash flows plus a terminal value, discounted to today.
Value per share
β
Reference multiples: today 136.5x Β· peers 10.7x Β· sector 13.7x.
KIRA Β· Block grew sales faster than 0 of its 4 similar companies. Its P/E is higher than 3 of 3.
Each companyβs latest fiscal year. Fiscal years end in different months, so periods donβt line up exactly.
In plain words: The same numbers for similar companies, so you can tell whether a figure is high or low for this kind of business.
| Company | Market cap | Growth | Op. margin | FCF margin | ROIC | P/E | F-score | |
|---|---|---|---|---|---|---|---|---|
| Block XYZ | $45.4B | 0.3% | 7.1% | 10.0% | 6.4% | 133.1x | 5 | |
| Fiserv FISV | $25.8B | 3.6% | 27.5% | 20.3% | 9.0% | 9.3x | 6 | Compare β |
| Mastercard MA | $541.7B | 16.4% | 57.6% | 52.3% | 93.8% | 33.7x | 8 | Compare β |
| PayPal PYPL | $50.6B | 4.3% | 18.3% | 16.8% | 25.7% | 10.3x | 7 | Compare β |
| Visa V | β | 11.3% | 60.0% | 53.9% | 42.4% | β | β | Compare β |
Every number, year by year.
Amounts in USD. Hover a ratioβs name for its definition.
In plain words: Every number we have, year by year. Download it as a spreadsheet if you want to dig deeper.
| Fiscal year | FY16 | FY17 | FY18 | FY19 | FY20 | FY21 | FY22 | FY23 | FY24 | FY25 |
|---|---|---|---|---|---|---|---|---|---|---|
| Income statement | ||||||||||
| Revenue | $1.7B | $2.2B | $3.3B | $4.7B | $9.5B | $17.7B | $17.5B | $21.9B | $24.1B | $24.2B |
| Gross profit | $576M | $839M | $1.3B | $1.9B | $2.7B | $4.4B | $6.0B | $7.5B | $8.9B | $10.4B |
| Research and development | $269M | $322M | $498M | $674M | $882M | $1.4B | $2.1B | $2.7B | $2.9B | $2.9B |
| Operating income | β$171M | β$54.2M | β$36.6M | $26.6M | β$18.8M | $161M | β$625M | β$279M | $892M | $1.7B |
| Interest expense | $0.6M | $1.4M | $37.8M | $44.9M | $75.2M | $58.1M | $0.0M | $0.0M | $166M | $256M |
| Pretax income | β$170M | β$62.7M | β$36.1M | $378M | $216M | $158M | β$565M | β$29.1M | $1.4B | $1.7B |
| Income tax | $1.9M | $0.1M | $2.3M | $2.8M | $2.9M | β$1.4M | β$12.3M | β$8.0M | β$1.5B | $386M |
| Net income | β$172M | β$62.8M | β$38.5M | $375M | $213M | $166M | β$541M | $9.8M | $2.9B | $1.3B |
| Diluted EPS | β$0.50 | β$0.17 | β$0.09 | $0.81 | $0.44 | $0.33 | β$0.93 | $0.02 | $4.56 | $2.10 |
| Diluted shares | 0.34B | 0.38B | 0.41B | 0.47B | 0.48B | 0.50B | 0.58B | 0.61B | 0.64B | 0.62B |
| Cash flow | ||||||||||
| Cash from operations | $23.1M | $128M | $295M | $328M | $173M | $848M | $176M | $101M | $1.7B | $2.6B |
| Capital expenditure | $25.4M | $26.1M | $61.2M | $62.5M | $138M | $134M | $171M | $151M | $154M | $155M |
| Free cash flow | β$2.3M | $102M | $234M | $265M | $34.7M | $714M | $5.1M | β$50.2M | $1.6B | $2.4B |
| Depreciation and amortization | $37.7M | $37.3M | $61.0M | $75.6M | $84.2M | $135M | $341M | $409M | $376M | $370M |
| Stock-based compensation | $139M | $156M | $217M | $298M | $398M | $608M | $1.1B | $1.3B | $1.3B | $1.2B |
| Acquisitions | $1.4M | $1.9M | $112M | $20.4M | $79.2M | $164M | $0.0M | $5.0M | $0.0M | $0.0M |
| Share buybacks | $0.0M | $0.0M | $0.0M | $0.0M | $0.0M | $0.0M | $0.0M | $157M | $1.2B | $2.3B |
| Dividends paid | $0.0M | $0.0M | $0.0M | $0.0M | $0.0M | $0.0M | $0.0M | $0.0M | $0.0M | $0.0M |
| Dividends and buybacks | $0.0M | $0.0M | $0.0M | $0.0M | $0.0M | $0.0M | $0.0M | $157M | $1.2B | $2.3B |
| Balance sheet | ||||||||||
| Cash and short-term investments | $512M | $866M | $1.1B | $1.5B | $3.9B | $5.3B | $5.6B | $5.8B | $8.5B | $7.1B |
| Total debt | $0.0M | $359M | $900M | $939M | $2.6B | $4.6B | $4.6B | $4.1B | $6.1B | $7.3B |
| Finance lease liabilities | $0.0M | $0.0M | $0.0M | $2.4M | $0.0M | $0.0M | $0.0M | $0.0M | $0.0M | $0.0M |
| Current assets | $1.0B | $1.8B | $2.1B | $3.2B | $7.8B | $11.6B | $15.6B | $17.8B | $19.9B | $22.9B |
| Current liabilities | $578M | $973M | $1.0B | $1.7B | $4.1B | $6.5B | $8.4B | $8.9B | $8.5B | $10.4B |
| Inventory | $13.7M | $16.8M | $28.6M | $47.7M | $61.1M | $77.1M | $97.7M | $110M | $105M | $158M |
| Property and equipment, net | $88.3M | $91.5M | $142M | $149M | $234M | $282M | $329M | $296M | $314M | $323M |
| Total assets | $1.2B | $2.2B | $3.3B | $4.6B | $9.9B | $15.0B | $31.4B | $33.0B | $36.8B | $39.5B |
| Total liabilities | $635M | $1.4B | $2.2B | $2.8B | $7.2B | $11.7B | $14.1B | $14.3B | $15.5B | $17.4B |
| Shareholders' equity | $576M | $786M | $1.1B | $1.7B | $2.7B | $3.3B | $17.2B | $18.7B | $21.3B | $22.2B |
| Margins | ||||||||||
| Gross margin | 33.7% | 37.9% | 39.5% | 40.1% | 28.8% | 25.0% | 34.2% | 34.2% | 36.9% | 42.8% |
| Operating margin | β10.0% | β2.5% | β1.1% | 0.6% | β0.2% | 0.9% | β3.6% | β1.3% | 3.7% | 7.1% |
| EBITDA margin | β7.8% | β0.8% | 0.7% | 2.2% | 0.7% | 1.7% | β1.6% | 0.6% | 5.3% | 8.6% |
| Net margin | β10.0% | β2.8% | β1.2% | 8.0% | 2.2% | 0.9% | β3.1% | 0.0% | 12.0% | 5.4% |
| FCF margin | β0.1% | 4.6% | 7.1% | 5.6% | 0.4% | 4.0% | 0.0% | β0.2% | 6.4% | 10.0% |
| Returns | ||||||||||
| Return on capital | β | β25.0% | β4.9% | 2.6% | β1.5% | 8.1% | β5.3% | β1.3% | 5.0% | 6.4% |
| Return on capital employed | β28.5% | β5.9% | β2.1% | 1.0% | β0.4% | 2.3% | β4.0% | β1.2% | 3.4% | 6.0% |
| Return on equity | β31.7% | β9.2% | β4.0% | 26.5% | 9.7% | 5.6% | β5.3% | 0.1% | 14.5% | 6.0% |
| Return on assets | β16.3% | β3.7% | β1.4% | 9.6% | 3.0% | 1.3% | β2.3% | 0.0% | 8.3% | 3.4% |
| Growth | ||||||||||
| Revenue growth | 34.9% | 29.6% | 49.0% | 42.9% | 101.5% | 86.0% | β0.7% | 25.0% | 10.1% | 0.3% |
| Net income growth | β | β | β | β | β43.2% | β22.0% | β425.2% | β | 29,546.4% | β54.9% |
| EPS growth | β | β | β | β | β45.7% | β25.0% | β381.8% | β | 22,700.0% | β54.0% |
| FCF growth | β | β | 130.2% | 13.4% | β86.9% | 1,955.8% | β99.3% | β1,086.4% | β | 56.1% |
| Share count change | 100.3% | 11.1% | 7.0% | 14.9% | 3.5% | 4.1% | 15.4% | 6.1% | 3.6% | β2.1% |
| Financial health | ||||||||||
| Net debt / EBITDA | β | β | β9.2x | β5.9x | β19.4x | β2.6x | β | β13.3x | β1.9x | 0.1x |
| Debt / equity | 0.0x | 0.5x | 0.8x | 0.6x | 1.0x | 1.4x | 0.3x | 0.2x | 0.3x | 0.3x |
| Interest coverage | β299.0x | β39.5x | β1.0x | 0.6x | β0.3x | 2.8x | β | β | 5.4x | 6.7x |
| Current ratio | 1.7x | 1.8x | 2.1x | 1.9x | 1.9x | 1.8x | 1.9x | 2.0x | 2.3x | 2.2x |
| Quick ratio | 1.7x | 1.8x | 2.1x | 1.9x | 1.9x | 1.8x | 1.8x | 2.0x | 2.3x | 2.2x |
| Capital allocation | ||||||||||
| Capex / revenue | 1.5% | 1.2% | 1.9% | 1.3% | 1.5% | 0.8% | 1.0% | 0.7% | 0.6% | 0.6% |
| Stock comp / revenue | 8.1% | 7.0% | 6.6% | 6.3% | 4.2% | 3.4% | 6.1% | 5.8% | 5.3% | 5.0% |
| Payouts / FCF | β | 0.0% | 0.0% | 0.0% | 0.0% | 0.0% | 0.0% | β | 75.3% | 96.1% |
| Quality scores | ||||||||||
| Piotroski F-score | β | 5.0 | 5.0 | 5.0 | 3.0 | 3.0 | 5.0 | 7.0 | 6.0 | 5.0 |
| Altman Z'' | 0.2 | 1.6 | 1.8 | 2.5 | 2.7 | 2.6 | 2.6 | 3.0 | 3.8 | 4.0 |
| Accruals ratio | β18.5% | β11.2% | β12.2% | 1.2% | 0.6% | β5.5% | β3.1% | β0.3% | 3.4% | β3.3% |
Source: SEC EDGAR XBRL filings (CIK 0001512673). Data updated October 9, 2026. Quarterly fourth quarters are the full year minus the first nine months. For information only β not investment advice. Check the original filings before relying on any figure.
