Block (XYZ) Stock Fundamentals, Analysis & Risk Signals

Health score, price, valuation, risk signals, and key metrics at a glance.

Block

NYSE•Technology•Software - Infrastructure

$76.47-0.16(<0.01%)After hours

Market Cap

$45.72B

P/E

128.0x

P/S

1.8x

P/B

2.1x

Block, Inc., together with its subsidiaries, builds ecosystems focused on commerce and financial products and services in the United States and internationally. It operates through two segments: Square and Cash App. The Square segment offers managed payment services; software solutions; hardware products, such as registers, terminals, stands, and readers for contactless and chips; banking services consisting of lending, instant transfer, and checking and savings accounts; and full-service setup and support services. This segment also provides loyalty, marketing, team management, and payroll services; and gift cards. It also offers Square Handheld, a portable point-of sale device for transaction purposes. The Cash App segment offers financial tools, including peer-to-peer payments, bitcoin, and stock investment brokerage; Cash App Card, a debit card; Cash App Pay, mobile-friendly way for cash app customers to pay at merchants across online and in-person channels; direct deposit, stock brokerage, and tax preparation services; and Afterpay, a buy now, pay later platform. In addition, the company operates TIDAL, a platform for musicians and fans; TBD, an open developer platform focused on making the decentralized financial world accessible; Bitkey, a self-custody bitcoin wallet; and proto. The company was formerly known as Square, Inc. and changed its name to Block, Inc. in December 2021. Block, Inc. was incorporated in 2009 and is based in Oakland, California.

How this company scores

GoodMetricSide Score: 61/100

Strongest: Cash & Earnings Quality (24/25); weakest: Profitability (7/25).

Profitability7/25

Growth13/25

Balance Sheet & Red Flags17/25

Cash & Earnings Quality24/25

Strengths

Rising free cash flowLow leverageCash-backed earningsConsistent growth

Valuation vs. 5-year range

Today's multiple positioned against its own trailing range — a visual premium/discount check.

P/E · 128.0x5y range 12.9x – 4869.8x

Currently above its 13-quarter median.

P/S · 1.8x5y range 1.3x – 6.5x

Currently near its 20-quarter median.

P/B · 2.1x5y range 1.5x – 36.7x

Watch items

Data-driven signals worth keeping an eye on across the last 8 quarters

High Risk

Margin Pressure

Red Flag

The company posted negative operating margins in recent quarters — core operations are unprofitable.

Earnings Quality

Watch

FCF/Net Income has dropped below 0.7x in 4 quarters — monitor for earnings quality deterioration.

Price & Volume

Market Cap $45.72B

Metrics at a Glance

as of June 2026

Revenue & Profit

Revenue, EBITDA, operating income, net income, EPS, and shares

TTM Revenue: $25.04B
Q. Revenue: $6.62B
TTM EBITDA: $1.73B
TTM Op. Income: $1.17B
Q. Op. Income: $446.87M
TTM Net Income: $357.14M
Q. Net Income: $88.52M
EPS: $0.15
Shares Out.: $597.83M

$25.04B in TTM revenue grew 5.1% YoY, reaching $6.62B last quarter. TTM EBITDA of $1.73B and TTM operating income of $1.17B show growth is flowing through to the bottom line. TTM net income of $357.14M means revenue is converting into profit. Across the last 8 quarters, TTM revenue has risen for 4 consecutive quarters — an improving trend.

Margins

Gross, EBITDA, operating, and net margin trends

Gross Margin: 47.8%
EBITDA Margin: 8.2%
Op. Margin: 6.8%
Net Margin: 1.3%

Op. margin of 6.8% is down 1.2% YoY — costs are rising relative to revenue. Net margin at 1.3% and gross margin of 47.8% show how much of each revenue dollar survives to profit. Over the past year, operating margin is down 16% — an improving trend.

Price Ratios

P/E, P/S, P/B, EV/EBITDA, FCF yield, and earnings yield

P/E Ratio: 128.0x
P/S Ratio: 1.8x
P/B Ratio: 2.1x

At 128.0x P/E, the stock trades above typical market levels — the market expects above-average growth. P/S of 1.8x and P/B of 2.1x provide additional context. Use the growth and margin sections to judge whether the multiple is justified. Across the last 8 quarters, P/E has risen for 5 consecutive quarters — a weakening trend.

Assets & Liabilities

Total assets, cash, debt, book value, and leverage

Total Assets: $39.16B
Cash: $6.43B
Long-Term Debt: $5.72B
Book Value: $22.01B
D/E Ratio: 0.3
Debt/EBITDA: 10.6

With $39.16B in assets and $5.72B in long-term debt, D/E is 0.3and book value is $22.01B — a conservative capital structure with a cushion to weather downturns. Over the past year, debt/equity is up 9% — an improving trend.

Cash Flow

Operating cash flow, free cash flow, FCF margin, and earnings quality

Op. Cash Flow: $1.02B
TTM Free Cash Flow: $3.88B
FCF Margin: 15.5%
FCF / Net Income: 10.9

TTM FCF of $3.88B on $1.02B in operating cash flow. The FCF / Net Income ratio of 10.9x means free cash flow covers net income — earnings are backed by cash. Across the last 8 quarters, free cash flow has risen for 4 consecutive quarters — an improving trend.