PerpEquities

Equity

Block, Inc. (XYZ) perpetual futures

Block, Inc. provides card payment processing tools, hardware readers and registers, and software such as Square POS and Cash App for merchants and consumers.

+2.7%NYSE closed
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Trading data

Perpetual market activity

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24h volume
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Settlement mix
USDT · 1/1
Perp/spot vol.
-
OI / float
-
Spot performance
1D+2.67%
5D+2.99%
1M-2.49%
6M+24.18%
YTD+18.67%
1Y+2.96%

Venue matrix

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Company data

Company fundamentals

Updated 2h ago
Market cap
$46B
Updated 2h ago
Revenue
$25B
Trailing 12 months
Revenue growth
+8%
Next fiscal year
Profit margin
+1.4%
P/E
135.5
Peer P/E 25.2
Free cash flow
$3.9B
Trailing 12 months
More metrics
Net income
$357.1M
Trailing 12 months
P/S
1.8
Peer P/E
25.2
Similar listed perps
Revenue estimate
$26B
Next fiscal year
Earnings
2026-11-03
Revenue est. $6.6B · Updated 2h ago
Dividend
-

Fundamental detail

Annual + quarterly
Latest revenue$24.2B
Net margin+5.4%
Free cash flow$2.4B
Net debt-$2.4B
2020$9.5B
2021$17.7B
2022$17.5B
2023$21.9B
2024$24.1B
2025$24.2B
PeriodRevenueGrowthNet incomeFCF
2020$9.5B+101%$213.1M-$15.3M
2021$17.7B+86%$166.3M$543.5M
2022$17.5B-1%-$540.7M$5.1M
2023$21.9B+25%$9.8M-$50.2M
2024$24.1B+10%$2.9B$1.6B
2025$24.2B0%$1.3B$2.4B
PeriodGross marginOperating marginNet marginROEROA
2020+28.8%-0.2%+2.2%+7.9%+2.2%
2021+25.0%+0.9%+0.9%+5.1%+1.2%
2022+34.2%-0.2%-3.1%-3.1%-1.7%
2023+34.2%+1.7%0.0%+0.1%0.0%
2024+36.9%+7.0%+12.0%+13.6%+7.9%
2025+42.8%+12.6%+5.4%+5.9%+3.3%
PeriodCashDebtNet debtCurrent ratio
2020$3.2B$3.5B$335.4M1.88
2021$4.4B$5.5B$1.1B1.94
2022$7.7B$6.3B-$1.4B1.85
2023$8.2B$6.1B-$2.1B2.01
2024$12.3B$7.9B-$4.3B2.33
2025$11.3B$9B-$2.4B2.20
PeriodMarket capEnterprise valueP/SP/E
2020$96.4B$96.8B10.2453.4
2021$74B$75.1B4.2448.6
2022$36.4B$35B2.1-67.6
2023$47.1B$45B2.14,834.4
2024$52.4B$48.1B2.218.1
2025$39.9B$37.5B1.630.6
Q3 2024$6B
Q4 2024$6B
Q1 2025$5.8B
Q2 2025$6.1B
Q3 2025$6.1B
Q4 2025$6.3B
Q1 2026$6.1B
Q2 2026$6.6B
PeriodRevenueGrowthNet incomeFCF
Q3 2024$6B+6%$283.8M$628.2M
Q4 2024$6B+4%$1.9B-$13.2M
Q1 2025$5.8B-3%$189.9M$101.5M
Q2 2025$6.1B-2%$538.5M$343M
Q3 2025$6.1B+2%$461.5M$1.4B
Q4 2025$6.3B+4%$115.8M$579.8M
Q1 2026$6.1B+5%-$308.7M$935M
Q2 2026$6.6B+9%$88.5M$966.6M
PeriodGross marginOperating marginNet marginROEROA
Q3 2024+37.6%+5.4%+4.7%+1.4%+0.8%
Q4 2024+38.3%+4.3%+32.3%+9.2%+5.3%
Q1 2025+39.7%+8.6%+3.3%+0.9%+0.5%
Q2 2025+41.9%+12.9%+8.9%+2.4%+1.5%
Q3 2025+43.5%+12.6%+7.5%+2.1%+1.2%
Q4 2025+45.9%+15.9%+1.9%+0.5%+0.3%
Q1 2026+48.0%+5.4%-5.1%-1.4%-0.8%
Q2 2026+47.8%+6.7%+1.3%+0.4%+0.2%
PeriodCashDebtNet debtCurrent ratio
Q3 2024$12.2B$7.4B-$4.8B2.07
Q4 2024$12.3B$7.9B-$4.3B2.33
Q1 2025$12.3B$6B-$6.3B2.27
Q2 2025$11.3B$6.1B-$5.2B1.96
Q3 2025$13.1B$8.1B-$5B2.18
Q4 2025$11.3B$9B-$2.4B2.20
Q1 2026$12.8B$8.1B-$4.7B1.99
Q2 2026$12B$7.2B-$4.8B2.21
PeriodMarket capEnterprise valueP/SP/E
Q3 2024$41.4B$36.6B6.936.5
Q4 2024$54.2B$49.9B9.06.7
Q1 2025$33.7B$27.4B5.843.8
Q2 2025$41.6B$36.4B6.919.3
Q3 2025$44.1B$39.1B7.223.8
Q4 2025$39.9B$37.5B6.490.4
Q1 2026$36B$31.3B5.9-28.9
Q2 2026$45.4B$40.6B6.9126.7

Refreshed 2h ago

Charts: revenue, profit, cash flow & valuation
Revenue$6.6BQ2 2026
$1.7B$3.3B$5B$6.6BQ3 2023: $5.6BQ4 2023: $5.8BQ1 2024: $6BQ2 2024: $6.2BQ3 2024: $6BQ4 2024: $6BQ1 2025: $5.8BQ2 2025: $6.1BQ3 2025: $6.1BQ4 2025: $6.3BQ1 2026: $6.1BQ2 2026: $6.6BQ3 2023Q2 2026
Net income$88.5MQ2 2026
$255M$818.7M$1.4B$1.9BQ3 2023: -$88.7MQ4 2023: $178.1MQ1 2024: $472MQ2 2024: $195.3MQ3 2024: $283.8MQ4 2024: $1.9BQ1 2025: $189.9MQ2 2025: $538.5MQ3 2025: $461.5MQ4 2025: $115.8MQ1 2026: -$308.7MQ2 2026: $88.5MQ3 2023Q2 2026
EBITDA$452.2MQ2 2026
$11.3M$266M$520.7M$775.5MQ3 2023: $282.9MQ4 2023: $150.3MQ1 2024: $513.1MQ2 2024: $595.3MQ3 2024: $607.8MQ4 2024: $382.8MQ1 2025: $333.2MQ2 2025: $775.5MQ3 2025: $728.3MQ4 2025: $351.8MQ1 2026: -$243.4MQ2 2026: $452.2MQ3 2023Q2 2026
Free cash flow$966.6MQ2 2026
-$287.1M$275.4M$837.9M$1.4BQ3 2023: $453.5MQ4 2023: -$849.6MQ1 2024: $457.4MQ2 2024: $481MQ3 2024: $628.2MQ4 2024: -$13.2MQ1 2025: $101.5MQ2 2025: $343MQ3 2025: $1.4BQ4 2025: $579.8MQ1 2026: $935MQ2 2026: $966.6MQ3 2023Q2 2026
EPS$0.15Q2 2026
$0.37$1.26$2.15$3.04Q3 2023: -$0.15Q4 2023: $0.28Q1 2024: $0.74Q2 2024: $0.31Q3 2024: $0.45Q4 2024: $3.04Q1 2025: $0.3Q2 2025: $0.87Q3 2025: $0.74Q4 2025: $0.19Q1 2026: -$0.52Q2 2026: $0.15Q3 2023Q2 2026
Cash / Debt$12BQ2 2026
$3.3B$6.6B$9.9B$13.1BQ3 2023 · Cash: $8BQ3 2023 · Debt: $5.4BQ4 2023 · Cash: $8.2BQ4 2023 · Debt: $6.1BQ1 2024 · Cash: $9.8BQ1 2024 · Debt: $5.4BQ2 2024 · Cash: $11.3BQ2 2024 · Debt: $7.4BQ3 2024 · Cash: $12.2BQ3 2024 · Debt: $7.4BQ4 2024 · Cash: $12.3BQ4 2024 · Debt: $7.9BQ1 2025 · Cash: $12.3BQ1 2025 · Debt: $6BQ2 2025 · Cash: $11.3BQ2 2025 · Debt: $6.1BQ3 2025 · Cash: $13.1BQ3 2025 · Debt: $8.1BQ4 2025 · Cash: $11.3BQ4 2025 · Debt: $9BQ1 2026 · Cash: $12.8BQ1 2026 · Debt: $8.1BQ2 2026 · Cash: $12BQ2 2026 · Debt: $7.2BQ3 2023Q2 2026
CashDebt
Profitability+47.8%Q2 2026
+8.2%+21.5%+34.8%+48.0%Q3 2023 · Gross margin: +33.8%Q4 2023 · Gross margin: +35.1%Q1 2024 · Gross margin: +35.2%Q2 2024 · Gross margin: +36.3%Q3 2024 · Gross margin: +37.6%Q4 2024 · Gross margin: +38.3%Q1 2025 · Gross margin: +39.7%Q2 2025 · Gross margin: +41.9%Q3 2025 · Gross margin: +43.5%Q4 2025 · Gross margin: +45.9%Q1 2026 · Gross margin: +48.0%Q2 2026 · Gross margin: +47.8%Q3 2023 · Operating margin: -0.2%Q4 2023 · Operating margin: -2.3%Q1 2024 · Operating margin: +4.2%Q2 2024 · Operating margin: +5.0%Q3 2024 · Operating margin: +5.4%Q4 2024 · Operating margin: +4.3%Q1 2025 · Operating margin: +8.6%Q2 2025 · Operating margin: +12.9%Q3 2025 · Operating margin: +12.6%Q4 2025 · Operating margin: +15.9%Q1 2026 · Operating margin: +5.4%Q2 2026 · Operating margin: +6.7%Q3 2023 · Net margin: -1.6%Q4 2023 · Net margin: +3.1%Q1 2024 · Net margin: +7.9%Q2 2024 · Net margin: +3.2%Q3 2024 · Net margin: +4.7%Q4 2024 · Net margin: +32.3%Q1 2025 · Net margin: +3.3%Q2 2025 · Net margin: +8.9%Q3 2025 · Net margin: +7.5%Q4 2025 · Net margin: +1.9%Q1 2026 · Net margin: -5.1%Q2 2026 · Net margin: +1.3%Q3 2023Q2 2026
Gross marginOperating marginNet margin
Revenue growth+9.3%Q2 2026
0.0%+3.1%+6.2%+9.3%Q3 2024: +6.4%Q4 2024: +4.5%Q1 2025: -3.1%Q2 2025: -1.6%Q3 2025: +2.3%Q4 2025: +3.6%Q1 2026: +4.9%Q2 2026: +9.3%Q3 2023Q2 2026
Shares outstanding608.8MQ2 2026
159.8M319.7M479.5M639.3MQ3 2023: 611.3MQ4 2023: 629.1MQ1 2024: 637.4MQ2 2024: 634.2MQ3 2024: 632.8MQ4 2024: 639.3MQ1 2025: 635.3MQ2 2025: 618.9MQ3 2025: 621.7MQ4 2025: 622.8MQ1 2026: 597.6MQ2 2026: 608.8MQ3 2023Q2 2026
Valuation126.7Q2 2026
-23.726.576.6126.7Q3 2023 · P/E: -73.8Q4 2023 · P/E: 66.7Q1 2024 · P/E: 26.4Q2 2024 · P/E: 49.9Q3 2024 · P/E: 36.5Q4 2024 · P/E: 6.7Q1 2025 · P/E: 43.8Q2 2025 · P/E: 19.3Q3 2025 · P/E: 23.8Q4 2025 · P/E: 90.4Q1 2026 · P/E: -28.9Q2 2026 · P/E: 126.7Q3 2023 · P/S: 4.8Q4 2023 · P/S: 8.2Q1 2024 · P/S: 8.4Q2 2024 · P/S: 6.4Q3 2024 · P/S: 6.9Q4 2024 · P/S: 9.0Q1 2025 · P/S: 5.8Q2 2025 · P/S: 6.9Q3 2025 · P/S: 7.2Q4 2025 · P/S: 6.4Q1 2026 · P/S: 5.9Q2 2026 · P/S: 6.9Q3 2023Q2 2026
P/EP/S
Revenue$24.2B2025
$6B$12.1B$18.1B$24.2B2018: $3.3B2019: $4.7B2020: $9.5B2021: $17.7B2022: $17.5B2023: $21.9B2024: $24.1B2025: $24.2B20182025
Net income$1.3B2025
$318.7M$1.2B$2B$2.9B2018: -$38.5M2019: $375.4M2020: $213.1M2021: $166.3M2022: -$540.7M2023: $9.8M2024: $2.9B2025: $1.3B20182025
EBITDA$2.2B2025
$405.8M$1B$1.6B$2.2B2018: $42.8M2019: $475.3M2020: $357.1M2021: $555M2022: -$188.6M2023: $379.4M2024: $1.7B2025: $2.2B20182025
Free cash flow$2.4B2025
$568.5M$1.2B$1.8B$2.4B2018: $232.3M2019: $265.1M2020: -$15.3M2021: $543.5M2022: $5.1M2023: -$50.2M2024: $1.6B2025: $2.4B20182025
EPS$2.12025
$0.44$1.81$3.18$4.552018: -$0.092019: $0.812020: $0.442021: $0.332022: -$0.932023: $0.022024: $4.552025: $2.120182025
Cash / Debt$11.3B2025
$3.1B$6.1B$9.2B$12.3B2018 · Cash: $583.2M2018 · Debt: $899.7M2019 · Cash: $1.7B2019 · Debt: $1.1B2020 · Cash: $3.2B2020 · Debt: $3.5B2021 · Cash: $4.4B2021 · Debt: $5.5B2022 · Cash: $7.7B2022 · Debt: $6.3B2023 · Cash: $8.2B2023 · Debt: $6.1B2024 · Cash: $12.3B2024 · Debt: $7.9B2025 · Cash: $11.3B2025 · Debt: $9B20182025
CashDebt
Profitability+42.8%2025
+8.4%+19.9%+31.3%+42.8%2018 · Gross margin: +39.5%2019 · Gross margin: +40.1%2020 · Gross margin: +28.8%2021 · Gross margin: +25.0%2022 · Gross margin: +34.2%2023 · Gross margin: +34.2%2024 · Gross margin: +36.9%2025 · Gross margin: +42.8%2018 · Operating margin: -1.1%2019 · Operating margin: +0.6%2020 · Operating margin: -0.2%2021 · Operating margin: +0.9%2022 · Operating margin: -0.2%2023 · Operating margin: +1.7%2024 · Operating margin: +7.0%2025 · Operating margin: +12.6%2018 · Net margin: -1.2%2019 · Net margin: +8.0%2020 · Net margin: +2.2%2021 · Net margin: +0.9%2022 · Net margin: -3.1%2023 · Net margin: 0.0%2024 · Net margin: +12.0%2025 · Net margin: +5.4%20182025
Gross marginOperating marginNet margin
Revenue growth+0.3%2025
+24.8%+50.4%+75.9%+101.5%2019: +42.9%2020: +101.5%2021: +86.0%2022: -0.7%2023: +25.0%2024: +10.1%2025: +0.3%20182025
Shares outstanding622.8M2025
159.1M318.2M477.3M636.4M2018: 405.7M2019: 466.1M2020: 482.2M2021: 501.8M2022: 578.9M2023: 614M2024: 636.4M2025: 622.8M20182025
Valuation30.62025
764.82,121.43,477.94,834.42018 · P/E: -591.72019 · P/E: 71.12020 · P/E: 453.42021 · P/E: 448.62022 · P/E: -67.62023 · P/E: 4,834.42024 · P/E: 18.12025 · P/E: 30.62018 · P/S: 6.92019 · P/S: 5.62020 · P/S: 10.22021 · P/S: 4.22022 · P/S: 2.12023 · P/S: 2.12024 · P/S: 2.22025 · P/S: 1.620182025
P/EP/S

Next catalyst

Catalysts

Earnings
2026-11-03
Revenue est. $6.6B · Updated 2h ago

No unusual perp activity right now.

Research data

Analysts, filings and peer context

Estimates

6
DateEPS estimateRevenue estimateGrowthAnalysts
FY 20264.06$26B+8%26
FY 20275.24$29B+20%26
FY 20286.55$32.3B+33%18
FY 20297.95$30.9B+28%9
FY 20308.44$20.7B-14%8
Q1 20281.41$7.4B+22%10

Company events

6
2026-11-03EarningsActual - / Estimate 1.03-
2026-08-05EarningsActual 1.02 / Estimate 0.87Beat
2026-05-07EarningsActual 0.85 / Estimate 0.68Beat
2026-02-26EarningsActual 0.65 / Estimate 0.65Miss
2025-11-06EarningsActual 0.54 / Estimate 0.64Miss
2025-08-07EarningsActual 0.62 / Estimate 0.63Miss

Peer comparison

Similar listed perps
NameMarket capP/SP/EProfit marginVenues
CARR$45.8B2.138.2+5.5%1STM$46.5B3.698.3+3.5%3NTAP$46.5B6.333.0+19.2%3SUMIELEC$46.5B1.418.4+7.6%3CRWV$44.8B5.9-22.5-25.4%23FNV$47.2B20.432.0+63.8%1COIN$47.3B7.5-48.6-15.7%28CITIC$47.4B0.45.4+7.6%1

Analyst track record

How the analysts covering XYZ have done: ratings, price-target accuracy and the measured reaction after their calls.

12 months3 years
Ratings248714
Analysts4775
Buy / hold / sell215 / 23 / 10591 / 90 / 33
Upgrades / downgrades / initiations10 / 0 / 929 / 13 / 24
Price targets hit / missed30 / 198 (13%)152 / 488 (24%)
Avg. return after a rating (TipRanks)-12.8%-8.2%
Best / worst call+51.5% / -32.8%+341.4% / -35.6%

After buy calls on this stock: median 21-day move +2.8% vs S&P 500 +0.2% (n = 590)

Most accurate on this stock

Share of an analyst's price targets on this stock that the price reached within 12 months (our measurement over the last 3 years, at least 8 targets). It describes past calls, not the odds of the current one.

  1. James FaucetteMorgan Stanley100% hit rate on this stock · 19 targets measuredBuytarget $90.00Aug 11, 2026
  2. Bryan KeaneCiti100% hit rate on this stock · 8 targets measuredBuytarget $115Sep 22, 2026
  3. Jason KupferbergWells Fargo73% hit rate on this stock · 15 targets measuredBuytarget $91.00Jun 22, 2026

Latest ratings

DateAnalystCallTarget
Oct 2, 2026Timothy ChiodoUBSBuyMaintained$98.00article ↗
Oct 2, 2026David KoningRobert W. BairdBuyMaintained$106article ↗
Oct 1, 2026Bill CarcachePiper SandlerBuyMaintained$105article ↗
Sep 28, 2026Andrew HarteBTIGBuyMaintained$100article ↗
Sep 25, 2026Tien Tsin HuangJ.P. MorganBuyReiterated–article ↗

TipRanks data via FMP · computed Oct 12, 2026 · 248 ratings

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