Block, Inc.

SQUS

Block, Inc., a company founded in 2009 and headquartered in San Francisco, California, (previously known as Square, Inc. until its rebranding in December 2021), develops a wide array of financial technology tools. Primarily, it equips businesses with solutions to process card payments efficiently, offering robust reporting and analytics, coupled with rapid next-day settlement services. Their hardware offerings cover various transaction needs: from the basic Magstripe reader for swiped cards, to the Contactless and chip reader compatible with EMV chip cards and Near Field Communication (NFC) payments. They also provide the Square Stand, which converts an iPad into a complete payment terminal; the integrated Square Register, combining hardware, point-of-sale software, and payment processing; and the versatile Square Terminal, a modern device that replaces traditional keypad terminals with its tap, dip, and swipe capabilities and built-in receipt printer. The company's extensive software suite addresses diverse business requirements, including Square Point of Sale, Square Appointments for scheduling, specialized platforms like Square for Retail and Square for Restaurants, and online commerce solutions via Square Online and Square Online Checkout. Additional tools encompass Square Invoices, Square Virtual Terminal, Square Team Management, Square Contracts, and comprehensive loyalty, marketing, and gift card programs, all managed through the Square Dashboard. Moreover, Block, Inc. supports the developer community with a platform featuring application programming interfaces (APIs) and software development kits (SDKs). Beyond its core merchant services, the company also offers the popular Cash App for individual money management (sending, spending, and storing funds) and Weebly, which provides website hosting and domain name registration solutions. Block, Inc. maintains a global presence, serving customers across the United States, Canada, Japan, Australia, Ireland, France, Spain, and the United Kingdom.

Founded2009IPO year2015As of2026-08-04
Market Cap
$51.73B
Enterprise Value
$40.50B
EV / LTM Revenue
1.7x
EV / NTM Revenue
1.2x
Trading multiples

Enterprise value over trailing (LTM) vs. forward (NTM) fundamentals. Click an LTM cell to chart it.

LTM
trailing
NTM
forward
Revenue
1.2x
Gross Profit
2.7x
EBITDA
32.4x
Classification
Sector
Fintech
Sub-sector
Payments
Listing
SQ
Country
US
Historical valuation & fundamentals

EV / LTM Revenue

Annual financials & analyst forecasts

$MCY2021CY2022CY2023CY2024CY2025CY2026ECY2027E
Revenue YoY-1%25%10%0%26%14%
Revenue$17.66B$17.53B$21.92B$24.12B$24.19B$30.43B$34.71B
Gross Profit$4.42B$5.99B$7.50B$8.90B$10.36B
Gross Profit Margin25.0%34.2%34.2%36.9%42.8%
EBITDA$408M$35M$851M$1.90B$2.59B$1.15B$1.32B
EBITDA Margin2.3%0.2%3.9%7.9%10.7%3.8%3.8%
EBIT$158M($559M)($279M)$1.09B$1.71B$565M$644M
Net Income$162M($553M)$7M$2.90B($1M)$3.72B$4.27B
Free Cash Flow$544M$5M($50M)$1.55B$2.42B
FCF Margin3.1%0.0%-0.2%6.4%10.0%
Short-Term Debt$498M$922M$753M$1.18B$2.09B
Long-Term Debt$4.56B$4.99B$4.97B$6.40B$257M
Cash & Cash Equivalents$7.27B$7.72B$8.17B$12.26B$6.56B
Net Debt($2.22B)($1.82B)($2.44B)($4.67B)($4.22B)
Net Debt / EBITDA-5.4x-51.2x-2.9x-2.5x-1.6x
Rule of 40-0.7%24.8%16.5%10.3%
Figures in $M. True calendar years (Jan–Dec) built from quarterly data — income & cash-flow lines summed across the four quarters, balance sheet as of year-end. E columns are calendarized analyst consensus — gross profit, cash flow and balance-sheet lines are not estimated. Net debt = short-term debt + long-term debt − cash & cash equivalents; Rule of 40 = YoY revenue growth + FCF margin.