Block, Inc. (XYZ)财务
NYSE · Technology · Software - Infrastructure · 员工10,205人 · CEO Jack Dorsey
- 股价
- $76.27 -0.88%
- 市值
- $458亿
- 企业价值
- $410亿
- 最近财报
- Q2 '26 2026-08-05提交
- 下次财报
- 2026-11-03 EPS预期 $1.03
营收(TTM)$250亿+5.1% 对比去年同期最近4个季度;柱状图=各季度
营业利润率(TTM)10.2%+2.4 百分点 对比去年同期营业利润 $25.4亿
净利润(TTM)$3.57亿-87.9% 对比去年同期税后,含营业外收益
自由现金流(TTM)$38.8亿+266.4% 对比去年同期资本支出 $1.76亿
稀释EPS(TTM)$0.56-88.0% 对比去年同期最近4个季度之和
净现金$51亿-8.9% 对比去年同期现金 + 短期投资 - 债务
估值与关键数据
- 市值
- $458亿 EV $410亿
- 营收
- $250亿 过去12个月
- 营收增速
- +8% FY2026年一致预期
- 净利润率
- 1.4% 净利润 / 营收,TTM
- P/E
- 133.8× 预期 18.8×(FY2026)
- P/S
- 1.8× 股价 / 营收,TTM
- EV / EBITDA
- 31.8× TTM
- 自由现金流
- $38.8亿 过去12个月
- 净利润
- $3.57亿 过去12个月
- 营收预期
- $260亿 FY2026年一致预期
- 盈利
- 2026-11-03 营收预期 $65.8亿
- 股息
- – 无股息
核心要点
根据披露数据计算,每条结论都附有其依据的数字。
- 最近财报(2026-08-05):营收超预期2.2%,EPS 超预期17.1%营收$66.2亿,预期$64.7亿(+2.2%);EPS $1.02,预期$0.87(+17.1%)。
- 营收增长加速:同比9.3%Q2 '26营收$66.2亿,此前四个季度的平均值为2.3%。
- 营业利润率10.2%(TTM),较去年同期+2.4 百分点营收增长5.1%,营业利润增长36.9%。
- 税前利润的257.0%被营业外亏损吞噬税前利润$7.12亿,营业利润$25.4亿(TTM)。股权投资亏损等一次性项目压低了净利润和EPS,营业利润更能反映业务本身。
- 资本支出占营收的0.7%(去年为0.6%)最近4个季度投入$1.76亿(同比+19.7%)。自由现金流$38.8亿,相当于净利润的1,086.9%。
- 股东回报$18.9亿 = 自由现金流的48.8%回购$18.9亿(去年为$16.7亿),股息$0,股权激励$12亿(TTM)。
- 稀释股数一年内减少1.6%Q2 '26稀释股数6.09亿,一年前为6.19亿。
- 净现金 $51亿现金 + 短期投资 $123亿,含租赁债务 $71.7亿;一年前净现金 $56亿。
上一季度:Q2 '26
截至2026-06-30的季度。与去年同期及财报发布前的分析师一致预期对比。
本季度与去年同期
| Q2 '26 | 去年同期 | 变化 | |
|---|---|---|---|
| 营收 | $66.2亿 | $60.5亿 | +9.3% |
| 毛利率 | 47.8% | 41.9% | +5.9 百分点 |
| 营业利润 | $4.47亿 | $7.78亿 | -42.6% |
| 营业利润率 | 6.7% | 12.9% | -6.1 百分点 |
| 净利润 | $8850万 | $5.38亿 | -83.6% |
| 稀释EPS | $0.15 | $0.87 | -82.8% |
| 经营现金流 | $10.2亿 | $3.74亿 | +172.4% |
| 资本支出 | $5320万 | $3130万 | +70.0% |
| 自由现金流 | $9.67亿 | $3.43亿 | +181.8% |
| R&D | $6.09亿 | $7.25亿 | -16.1% |
| 股权激励费用 | $2.6亿 | $2.97亿 | -12.6% |
实际 vs 一致预期
2026-08-05| 实际 | 一致预期 | 对比预期 | |
|---|---|---|---|
| 营收 | $66.2亿 | $64.7亿 | +2.2% |
| EPS(一致预期口径) | $1.02 | $0.87 | +17.1% |
来自2026-08-05发布的Q2 '26财报：营收及分析师预期口径的EPS（通常为调整后），可能与上方报表中的EPS不同。
EPS与一致预期
最近8次财报营收
收入从何而来,按业务线和地区逐季展示。
营收、营业利润与增速
季度按业务线划分的营收
堆叠,季度| 分部 | Q3 '25 | 同比 | 占比 | TTM | TTM同比 | 12个季度 |
|---|---|---|---|---|---|---|
| Cryptocurrency Denominated Assets | $19.7亿 | -19.0% | 32.2% | $88.4亿 | -14.1% | |
| Software and Data Products | $22亿 | +22.6% | 36.1% | $80.5亿 | +16.7% | |
| Transaction | $18.7亿 | +9.4% | 30.6% | $69.2亿 | +5.9% | |
| Hardware | $7020万 | +90.5% | 1.1% | $1.7亿 | +17.7% |
按地区划分的营收
占总额比例| 分部 | Q3 '25 | 同比 | 占比 | TTM | TTM同比 | 12个季度 |
|---|---|---|---|---|---|---|
| United States | $56.9亿 | +2.9% | 91.0% | $222亿 | -0.7% | |
| Non-US | $5.61亿 | +12.4% | 9.0% | $20.1亿 | +13.4% |
利润率与成本结构
每一单位营收在各层级还剩多少,成本又花在哪里。
利润率
季度成本占营收比例
季度现金流与资本配置
创造了多少现金,用在何处,又有多少回到股东手中。
经营现金流、资本支出、自由现金流
季度现金用途与经营现金流
财年最近4个季度
现金流量表- 经营现金流
- $40.6亿
- 资本支出
- -$1.76亿
- 股票回购
- -$18.9亿
- 股息
- $0
- 收购
- $0
- 债务净发行
- $10.9亿
- 股权激励费用
- $12亿
- 自由现金流
- $38.8亿
- 股东回报 / FCF
- 48.8%
股数与EPS
季度,稀释资产负债表
各季度末的流动性、投资和债务。
现金、投资与债务
季度末估值与回报
当前估值倍数与公司自身过去五个财年对比;分析师目标价与评级。
估值倍数与回报
TTM与过去5个财年| 当前 | 5年均值 | 当前处于5年区间的位置 | |
|---|---|---|---|
| P/E(TTM) | 133.8× | 1,332.9× 5年中的4年 | 18.1× – 4,834.4× |
| EV / EBITDA | 31.8× | 74.7× 5年中的4年 | 17.1× – 135.3× |
| EV / 营收 | 1.6× | 2.4× | 1.5× – 4.3× |
| 股价 / FCF | 11.8× | 1,834.2× 5年中的4年 | 16.4× – 7,150.4× |
| 股价 / 净资产 | 2.1× | 6.3× | 1.8× – 22.6× |
| FCF收益率 | 8.5% | 1.9% | -0.1% – 6.1% |
| 投入资本回报率 | 4.3% | 3.2% | -0.1% – 7.5% |
| 净资产收益率 | 1.6% | 4.3% | -3.1% – 13.6% |
分析师
一致目标价 $97.47 (+27.8%)
区间 $75.00 – $115.00 · 评级 Buy
强烈买入0
买入29
持有9
卖出1
强烈卖出0
展望
分析师对未来财年的一致预期,以及按当前股价意味着什么。
一致预期
| 财年 | 营收 | 增速 | EPS | 增速 | 按当前股价的P/E | 分析师(EPS) |
|---|---|---|---|---|---|---|
| FY2026 | $260亿 | +7.7% | $4.06 | +93.3% | 18.8× | 26 |
| FY2027 | $290亿 | +11.3% | $5.24 | +29.1% | 14.6× | 27 |
| FY2028 | $323亿 | +11.4% | $6.54 | +24.9% | 11.7× | 18 |
| FY2029 | $311亿 | -3.9% | $7.90 | +20.8% | 9.7× | 9 |
| FY2030 | $207亿 | -33.3% | $8.44 | +6.8% | 9.0× | 8 |
财务报表
利润表、资产负债表和现金流量表的每一项,含12个季度和10个财年,以金额、占营收比例或增速展示。
全部披露项目
Block, Inc.在近期10-Q / 10-K文件中标记的全部283项数据,附SEC官方标签和定义,包括附注(租赁、税务、回购、员工等)。
| 项目(SEC标签) | 最近季度 | 去年同期 | 同比 | 最近财年 | 上一财年 | 同比 |
|---|---|---|---|---|---|---|
| Accounts Payable, Current | $1.22亿 | $1.19亿 | +3.0% | $1.15亿 | $1.18亿 | -2.9% |
| Accounts Receivable, after Allowance for Credit Loss, Current | $1.94亿 | $1.59亿 | +22.3% | $2.38亿 | $1.49亿 | +60.0% |
| Accrued Liabilities and Other Liabilities | $22.8亿 | $14.2亿 | +60.0% | $15.4亿 | $15.3亿 | +0.9% |
| Accrued Liabilities, Current | $5.64亿 | $5.54亿 | +1.7% | $6.69亿 | $7.25亿 | -7.8% |
| Accrued Royalties, Current | $5590万 | $6480万 | -13.7% | $5160万 | $5760万 | -10.4% |
| Accumulated Depreciation, Depletion and Amortization, Property, Plant, and Equipment | $5.38亿2025-12-31 | $4.57亿 | +17.8% | $5.38亿 | $4.57亿 | +17.8% |
| Accumulated Other Comprehensive Income (Loss), Net of Tax | -$2.58亿 | -$3.82亿 | +32.6% | -$3.65亿 | -$10亿 | +63.5% |
| Additional Paid in Capital | $189亿 | $194亿 | -3.0% | $189亿 | $199亿 | -5.1% |
| Advertising Expense | $1.37亿 | $1.19亿 | +15.4% | $4.78亿 | $3.38亿 | +41.5% |
| Amortization | $1280万 | $1440万 | -11.1% | $5690万 | $6840万 | -16.8% |
| Amortization of Intangible Assets | $3430万 | $3390万 | +1.1% | $1.36亿 | $1.55亿 | -12.3% |
| Antidilutive Securities Excluded from Computation of Earnings Per Share, Amount | 4880万 | 5320万 | -8.3% | 4450万 | 4980万 | -10.6% |
| APIC, Share-based Payment Arrangement, Increase for Cost Recognition | $2.66亿 | $3.04亿 | -12.5% | $12.5亿 | $13.1亿 | -5.1% |
| Assets | $392亿 | $369亿 | +6.2% | $395亿 | $368亿 | +7.5% |
| Assets, Current | $231亿 | $197亿 | +17.4% | $229亿 | $199亿 | +15.0% |
| Broker-Dealer, Payable to Customer | $76.3亿 | $69.6亿 | +9.7% | $68.1亿 | $58.4亿 | +16.6% |
| Cash and Cash Equivalents, at Carrying Value | $64.3亿 | $63.8亿 | +0.7% | $65.6亿 | $80.8亿 | -18.7% |
| Cash, Cash Equivalents, Restricted Cash and Restricted Cash Equivalents | $129亿 | $121亿 | +5.8% | $125亿 | $132亿 | -5.7% |
| Cash, Cash Equivalents, Restricted Cash and Restricted Cash Equivalents, Period Increase (Decrease), Including Exchange Rate Effect | -$6.43亿 | -$9.47亿 | +32.0% | -$7.49亿 | $42.2亿 | -117.7% |
| Comprehensive Income (Loss), Net of Tax, Including Portion Attributable to Noncontrolling Interest | $8160万 | $10.3亿 | -92.1% | $19.4亿 | $22.4亿 | -13.5% |
| Cost of Revenue | $34.5亿 | $35.2亿 | -1.9% | $138亿 | $152亿 | -9.2% |
| Cost, Amortization | $1280万 | $1440万 | -11.1% | $5690万 | $6840万 | -16.8% |
| Costs and Expenses | $27.2亿 | $20.5亿 | +32.5% | $86.5亿 | $80亿 | +8.2% |
| CryptoAssetAddition | $505万 | $1100万 | -54.3% | $4110万 | $3150万 | +30.7% |
| CryptoAssetFairValue | $5.34亿 | $9.32亿 | -42.7% | $7.78亿 | $7.92亿 | -1.9% |
| CryptoAssetNumberOfUnits | 9,117 bitcoin | 8,692 bitcoin | +4.9% | 8,883 bitcoin | 8,485 bitcoin | +4.7% |
| CryptoAssetRealizedGainLossNonoperating | -$8850万 | $2.12亿 | -141.7% | -$5590万 | $4.21亿 | -113.3% |
| Current Federal Tax Expense (Benefit) | – | – | – | -$2640万 | $4640万 | -157.0% |
| Current Foreign Tax Expense (Benefit) | – | – | – | $5260万 | $7160万 | -26.5% |
| Current Income Tax Expense (Benefit) | – | – | – | $5070万 | $1.56亿 | -67.6% |
| Current State and Local Tax Expense (Benefit) | – | – | – | $2450万 | $3850万 | -36.4% |
| Customer Funds | $55.3亿 | $49.4亿 | +12.0% | $47.7亿 | $41.8亿 | +14.1% |
| Debt Issuance Costs, Net | $5440万 | $3910万 | +39.1% | – | – | – |
| Debt Securities, Available-for-sale, Maturity, Allocated and Single Maturity Date, Rolling after One Through Five Years, Amortized Cost | $2.17亿 | $1.96亿 | +10.7% | $1.81亿 | $4.71亿 | -61.5% |
| Debt Securities, Available-for-sale, Maturity, Allocated and Single Maturity Date, Rolling after One Through Five Years, Fair Value | $2.16亿 | $1.97亿 | +9.9% | $1.82亿 | $4.72亿 | -61.5% |
| Debt Securities, Available-for-sale, Maturity, Allocated and Single Maturity Date, Rolling within One Year, Amortized Cost | $3.11亿 | $3.13亿 | -0.6% | $5.17亿 | $4.03亿 | +28.3% |
| Debt Securities, Available-for-sale, Maturity, Allocated and Single Maturity Date, Rolling within One Year, Fair Value | $3.11亿 | $3.13亿 | -0.8% | $5.18亿 | $4.03亿 | +28.3% |
| DebtSecuritiesAvailableForSaleAmortizedCostExcludingAccruedInterestAfterAllowanceForCreditLoss | $5.38亿 | $5.09亿 | +5.7% | $7.05亿 | $8.74亿 | -19.3% |
| DebtSecuritiesAvailableForSaleExcludingAccruedInterest | $5.36亿 | $5.1亿 | +5.2% | $7.07亿 | $8.75亿 | -19.3% |
| DebtSecuritiesAvailableForSaleExcludingAccruedInterestCurrent | $3.11亿 | $3.13亿 | -0.8% | $5.18亿 | $4.03亿 | +28.3% |
| DebtSecuritiesAvailableForSaleExcludingAccruedInterestNoncurrent | $2.25亿 | $1.97亿 | +14.7% | $1.89亿 | $4.72亿 | -60.0% |
| Deferred Federal Income Tax Expense (Benefit) | – | – | – | $3.39亿 | -$14.8亿 | +122.9% |
| Deferred Foreign Income Tax Expense (Benefit) | – | – | – | -$5370万 | $559万 | -1,060.6% |
| Deferred Income Tax Assets, Net | $12.6亿 | $17.9亿 | -29.7% | $13亿 | $18亿 | -27.7% |
| Deferred Income Tax Expense (Benefit) | $1.29亿 | $4440万 | +189.4% | $3.35亿 | -$16.7亿 | +120.1% |
| Deferred Income Tax Liabilities, Net | $117万2025-12-31 | $1.62亿 | -99.3% | $117万 | $1.62亿 | -99.3% |
| Deferred State and Local Income Tax Expense (Benefit) | – | – | – | $4950万 | -$1.9亿 | +126.1% |
| Deferred Tax Assets, Gross | $21.1亿2025-12-31 | $25.1亿 | -15.8% | $21.1亿 | $25.1亿 | -15.8% |
| Deferred Tax Assets, Net | $13亿2025-12-31 | $16.4亿 | -20.6% | $13亿 | $16.4亿 | -20.6% |
| Deferred Tax Assets, Net of Valuation Allowance | $15.6亿2025-12-31 | $18.6亿 | -16.4% | $15.6亿 | $18.6亿 | -16.4% |
| Deferred Tax Assets, Operating Loss Carryforwards | $5.48亿2025-12-31 | $3.88亿 | +41.3% | $5.48亿 | $3.88亿 | +41.3% |
| Deferred Tax Assets, Other | $2.13亿2025-12-31 | $2.5亿 | -14.9% | $2.13亿 | $2.5亿 | -14.9% |
| Deferred Tax Assets, Tax Credit Carryforwards | $5.3亿2025-12-31 | $4.85亿 | +9.3% | $5.3亿 | $4.85亿 | +9.3% |
| Deferred Tax Assets, Tax Deferred Expense, Reserves and Accruals, Accrued Liabilities | $2.29亿2025-12-31 | $1.22亿 | +87.3% | $2.29亿 | $1.22亿 | +87.3% |
| Deferred Tax Assets, Valuation Allowance | $5.57亿2025-12-31 | $6.46亿 | -13.8% | $5.57亿 | $6.46亿 | -13.8% |
| Deferred Tax Liabilities, Gross | $2.54亿2025-12-31 | $2.23亿 | +13.8% | $2.54亿 | $2.23亿 | +13.8% |
| Deferred Tax Liabilities, Investments | $8040万2025-12-31 | $3660万 | +119.9% | $8040万 | $3660万 | +119.9% |
| Deferred Tax Liabilities, Leasing Arrangements | $5240万2025-12-31 | $5280万 | -0.8% | $5240万 | $5280万 | -0.8% |
| Deferred Tax Liabilities, Net | $953万 | $1.63亿 | -94.1% | $2630万2023-12-31 | $1.19亿 | -77.8% |
| Deposits Assets, Current | $1.1亿2025-12-31 | $8800万 | +25.3% | $1.1亿 | $8800万 | +25.3% |
来源:SEC companyfacts(每份10-Q / 10-K的XBRL)。现金流量表的季度数据由10-Q标记的年初至今累计数推算。分部拆分带有维度标记,在分部章节中单独展示。
数据来源
报表、分部营收、指标、预期:Financial Modeling Prep。分部利润及全部披露项目:SEC EDGAR(XBRL)。 已读取的文件: 10-Q 2026-06-30, 10-Q 2026-03-31, 10-K 2025-12-31, 10-Q 2025-09-30, 10-Q 2025-06-30, 10-Q 2025-03-31, 10-K 2024-12-31, 10-Q 2024-09-30, 10-Q 2024-06-30
数据截至 2026-11-02