Block, Inc. (XYZ)
Financials · Transaction & Payment Processing Services · US stock · S&P 500 component
$77.89
▼ -1.94 (2.43%)
Fair valueData under review
$10
$5fair band $6–$14$15
Day's range
$76.57 – $81.17
52-week range
$48.21 – $86.92
About Block, Inc.
Block builds financial tools for individuals and merchants. Its Square ecosystem provides payment acceptance, point-of-sale software, banking and lending services for businesses of all sizes, while Cash App lets consumers send money, spend with a debit card, save, invest and use bitcoin. Block also owns Afterpay, an instalment payment service that retailers offer at checkout.
Block earns revenue from transaction fees on payments, from subscriptions and services, and from Cash App features and bitcoin-related activity. Over the last twelve months revenue was $25.0 billion, and it has grown at 11.3% a year across the last three years. The operating margin is 4.7%, and the business earns a profit of 4% on the capital invested in it. It has net debt of -0.5 times EBITDA, meaning more cash than debt. No dividend is paid. On the site's X-Ray Score it receives 44 out of 100.
Written with AI from public information and the filing figures on this page, then checked automatically for unsupported numbers. It can contain mistakes: read the company's own filings below before relying on it.
Price chart
52-wk range $48.21 – $86.92Volume 4,988,320Daily, split-adjusted
Vitals
Market cap$47.4B
52-week range$48.21 – $86.92
Volume (last day)4,988,320
P/E (TTM)133.6
EBIT / EV yield2.5%
Free-cash-flow yield8.2%
Dividend yieldNo dividend
Revenue (TTM)$25.0B
Net income (TTM)$357M
Operating margin4.7%
Return on capital3.8%
Debt incl. leases$5.7B
Cash & securities$6.4B
Debt = borrowings plus lease liabilities. Cash & securities = cash, equivalents and short-term marketable securities (long-term securities are not counted, so net cash can be understated for companies like Apple). Net debt = debt minus cash & securities. Source: latest SEC 10-Q/10-K. EBIT / EV yield = operating profit divided by market cap plus net debt.
Fair value estimate
$10model spread $10 – $10
Data under review
+0.0% to fair value
Equal blend of three models: peer multiples, a fundamentals-adjusted multiple (growth, ROIC and margin) and a 10-year DCF scaled to the market's average. Earnings-power value (no growth) is a floor and not part of the blend. Model uncertainty is High, so the safety margin is 40%.
Multiples use through-the-cycle earnings (0.30x of the last twelve months)
Peak-cycle earnings: the current operating margin is more than 1.5x its 7-year average, so the fair value range is widened
Price $78
Undervalued < $6Fair $6 – $14Overvalued > $14
10-year DCF (market-scaled) · excluded
$67
Peer multiples
$8
Earnings power floor (not blended)
$7
Fundamentals-adjusted multiple
$12
Growth the price implies
24.0%/yr
A model estimate, not a price target or recommendation. Inputs: risk-free 5.09%, equity risk premium 4.23% (Damodaran). How it works.
What this means
Read the lenses below
The price sits inside our fair-value band. A high score does not guarantee a good outcome; it shifts the odds a little. Use the checklist as a prompt for your own research.
Before you invest · decision checklist
Ticked boxes are filled in from our data; the rest are yours to answer.
The five-lens scan
Every score explained in one sentence, ranked against Financials peers. Open a lens to see the numbers behind it.
Valuation
Weak
23/100
Expensive against its sector on earnings and cash flow.
See the numbers →
EBIT / EV yield2.5%
Free-cash-flow yield8.2%
Fair value vs price0.1×
Growth
Fair
54/100
Growing at a typical pace for its sector.
See the numbers →
Revenue growth (3y)11.3%
Growth consistency80%
Profitability
Weak
42/100
Earns lower returns on its capital than most peers.
See the numbers →
Return on invested capital3.8%
Operating margin4.7%
Gross profitability29.6%
Financial health
Fair
61/100
Balance sheet is in typical shape for its sector.
See the numbers →
Piotroski F-Score5 / 9
Net debt / EBITDA-0.5×
Interest coverNo interest cost
Dividends
None
–/100
Pays no dividend.
See the numbers →
Quarterly results: last 6 quarters
-3.1%
Mar '25
-1.6%
Jun '25
+2.3%
Sep '25
+3.6%
Dec '25
+4.9%
Mar '26
+9.3%
Jun '26
Revenue against the same quarter a year earlier. Latest quarter revenue $6.6B, diluted EPS $0.15.
Compare with peers
JKHY Jack Henry & Associate...65 PYPL PayPal Holdings, Inc.65 MA Mastercard Inc60 CPAY Corpay, Inc.54Other Transaction & Payment Processing Services companies by X-Ray Score.
Fundamentals checklist
● 8 Good · ● 1 Average · ● 6 BadCash quality
Earnings backed by cashGood
Free-cash-flow yieldGood
Risk models
Altman Z''Good
Piotroski F-ScoreBad
Growth
Free-cash-flow growth (3y)Good
Revenue growth (3y)Good
Growth consistencyBad
Balance sheet
Current ratioGood
Net debt / EBITDAGood
Interest coverGood
Valuation
Fair value vs priceBad
EBIT / EV yieldBad
Profitability
Return on invested capitalBad
Operating marginBad
Gross profitabilityAverage
Each check is graded against the company's sector, not a fixed number. Checklist score 51/100.
Financials
| FY21 | FY22 | FY23 | FY24 | FY25 | |
|---|---|---|---|---|---|
| Revenue | $17.7B | $17.5B | $21.9B | $24.1B | $24.2B |
| Operating income | $161M | −$625M | −$279M | $892M | $1.7B |
| Net income | $166M | −$541M | $10M | $2.9B | $1.3B |
| Operating cash flow | $848M | $176M | $101M | $1.7B | $2.6B |
| Operating margin | 0.9% | -3.6% | -1.3% | 3.7% | 7.1% |
| Free cash flow | $714M | $5M | −$50M | $1.6B | $2.4B |
| Diluted EPS | $0.33 | $-0.93 | $0.02 | $4.56 | $2.10 |
Fiscal years, from SEC filings.
Technical summary
Daily
Bullish
10 bullish · 3 neutral · 3 bearish
Weekly
Strongly bullish
10 bullish · 1 neutral · 1 bearish
Monthly
Strongly bullish
6 bullish · 1 neutral · 1 bearish
Moving averages (daily)
| SMA 10 | 76.86 | Bullish |
| EMA 10 | 77.00 | Bullish |
| SMA 20 | 76.05 | Bullish |
| EMA 20 | 76.90 | Bullish |
| SMA 50 | 78.69 | Bearish |
| EMA 50 | 77.55 | Bullish |
| SMA 100 | 77.59 | Bullish |
| EMA 100 | 76.37 | Bullish |
| SMA 200 | 70.72 | Bullish |
| EMA 200 | 73.69 | Bullish |
Oscillators (daily)
| RSI (14) | 52.27 | Neutral |
| MACD (12, 26) | -0.20 | Bearish |
| Momentum (12) | 5.93 | Bullish |
| Stochastic %K (14) | 63.08 | Neutral |
| Williams %R (14) | -36.92 | Neutral |
| CCI (20) | 137.1 | Bearish |
Pivot points (classic, last session)
S3 71.31 | S2 73.94 | S1 75.92 | Pivot 78.54 | R1 80.52 | R2 83.15 | R3 85.12 |
Signals describe what the chart is doing, not what to do. Moving averages: price above the average is bullish. Oscillators use the usual thresholds (RSI 30/70, Stochastic 20/80, CCI ±100, Williams %R −80/−20; MACD and momentum above zero are bullish). Weekly and monthly views use closing prices only.
XYZ SEC filings
5 Aug 2026
10-QSEC EDGAR
Quarterly report
5 Aug 2026
8-KSEC EDGAR
Results of operations
18 Jun 2026
8-KSEC EDGAR
Shareholder vote results
5 Jun 2026
8-KSEC EDGAR
Director or officer change
7 May 2026
10-QSEC EDGAR
Quarterly report
7 May 2026
8-KSEC EDGAR
Results of operations
4 May 2026
8-KSEC EDGAR
Director or officer change
24 Apr 2026
DEF 14ASEC EDGAR
Proxy statement
Where the numbers come from
Statements SEC EDGAR filings (10-K, 10-Q), quarters derived from year-to-date figures.
Prices end-of-day closes, split-adjusted.
Industry inputs beta, multiples and equity risk premium from Damodaran Online (NYU Stern).
StocksXray is for education only and is not financial advice. Scores and fair values are model estimates from public filings and carry uncertainty.