Block (XYZ) is a publicly traded Consumer Wallets company founded in 2009 and based in San Francisco, United States.
| Date | Stage | Amount | Valuation | Lead investors |
|---|---|---|---|---|
| Nov 18, 2015 | IPO | $243M | $2.9B | — |
| Oct 5, 2014 | Series E | $150M | $6B |
| Government of Singapore Investment Corporation (GIC) |
| Sep 17, 2012 | Series D | $200M | $3.3B | Citi Ventures, Rizvi Traverse Management, Starbucks |
| Jun 28, 2011 | Series C | $100M | $1B | Kleiner Perkins Caufield & Byers |
| Jan 10, 2011 | Series B | $27.5M | $240M | Sequoia Capital |
| Dec 1, 2009 | Series A | $10M | $45M | Khosla Ventures |
Block reported Q2 2026 gross profit of $3.17 billion, up 25% year-over-year, with record adjusted operating income of $864 million (27% margin). Adjusted diluted EPS grew 65% year-over-year to $1.02; GAAP diluted EPS was $0.15. Cash App gross profit grew 31% YoY driven by commerce enablement and consumer lending strength, with primary banking actives up 17% YoY to 9.4 million. Square GPV grew 13% YoY to $72.8 billion, with U.S. growth accelerating to 10% (strongest since Q2 2023) and international GPV up 28% YoY. Cash App launched stablecoins, a $40/month mobile plan, and Tags hardware; Square expanded partnerships with OpenTable and won customers like Ladurée and Magnolia Soap. The company raised full-year guidance to $12.51B gross profit (21% YoY growth) and adjusted operating income of $3.47B at 28% margin, with adjusted diluted EPS expected to grow 70% to $4.02.
Full-year 2026 gross profit $12.51B (21% YoY growth); adjusted operating income $3.47B (28% margin); adjusted diluted EPS $4.02 (70% YoY growth)

Block pays $45M to settle multistate allegations that Cash App misled users on security protections.

Strike launches volatility-proof bitcoin loans that protect borrowers from collateral liquidation.
Block launches ChatGPT and Claude integrations to help merchants reach customers during AI-powered conversations.

Square launches ChatGPT and Claude plugins enabling restaurants to accept AI-placed orders without marketplace fees or setup requirements.

An explainer on why public companies like Block hold bitcoin as treasury reserves for diversification and inflation protection.
Block launches Square High Yield Savings, offering 3.5% APY to sellers holding $10K+ daily balances.
Square is Block's merchant payment acceptance and point-of-sale ecosystem, providing hardware terminals, contactless readers, and software for businesses of all sizes — from food trucks to enterprise retailers. Square processes in-person and online payments, manages inventory, payroll, and analytics, and offers banking and lending products tailored to sellers. It differentiates through its all-in-one approach that lets merchants start accepting cards within minutes using a simple card reader connected to a smartphone or tablet.
Cash App is a consumer financial services platform with over 50 million monthly active users that enables peer-to-peer payments, direct deposit, a Visa debit card, stock and Bitcoin investing, and tax filing. It differentiates through its integration of traditional banking features with cryptocurrency trading — allowing users to buy, sell, and transfer Bitcoin directly within the app — alongside features like Cash App Borrow and Cash App Pay for merchants.
Afterpay is a buy-now-pay-later (BNPL) service that lets consumers split purchases into four interest-free installments, paid every two weeks. Acquired by Block in 2022, Afterpay is integrated into both Square's seller ecosystem (enabling merchants to offer installment payments at checkout) and Cash App (via Cash App Pay). It differentiates through its zero-interest model, late-fee caps, and deep integration with Block's broader commerce and banking infrastructure.
Bitkey is a self-custody Bitcoin hardware wallet designed to make owning and transacting Bitcoin more accessible and secure. It uses a multi-signature security model with three keys — one on the mobile app, one on the hardware device, and one held by Block as a backup — so users maintain full control over their funds. Bitkey differentiates by simplifying the typically complex self-custody experience through a clean mobile interface and recovery mechanisms for lost devices.
252 patents on file, but none with both an extractable figure and an abstract on Google Patents yet.
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