Block

Operates Cash App, a consumer financial app with 50M+ monthly actives offering Bitcoin trading, direct deposit, and peer-to-peer payments, alongside Square for merchant payment acceptance. Cash App generated significant Bitcoin revenue. Block also operates TBD (decentralized identity) and Spiral (Bitcoin development).

Cash App is one of the largest consumer-facing Bitcoin and stablecoin-adjacent platforms—its integration of crypto into daily financial behavior makes it a leading indicator of mass adoption.

block.xyz Consumer Wallets

United Statespublic · XYZ

At a glance

Total raised

$730.5M

last round ipo

Headcount

5k-10k

approximate · public range

Headquarters

San Francisco

United States

Founded

2009

17 years active

Status

Public

Ticker · XYZ

Latest valuation

$2.9B

IPO · 2015

For subscribers

Subscribe to see the full profile

Including Funding rounds, Bull / Bear thesis, Stock + earnings, Roster changes, Patents, News, and Open roles.

Founding

50% off

/month

94 of 100 spots left

Full

$10

/month

Available once all 100 Founding Member spots are claimed.

Get full access

Already subscribed? Sign in →

Funding history

Total raised

$730.5M

Rounds tracked

Latest stage

IPO

Latest valuation

$2.9B

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

Stock performance

$68.08000183105469

2026-05-22 · XYZ

Latest earnings

Q1 2026Filed May 7, 2026

Revenue$6.1B

YoY+5%

GAAP EPS($0.52)

Block delivered Q1 2026 gross profit of $2.91 billion, up 27% year-over-year, outperforming guidance across gross profit, Adjusted Operating Income, and Adjusted Diluted EPS. Reported operating loss was $172 million, reflecting $852 million in restructuring and legal charges tied to a February organizational change; Adjusted Operating Income reached $728 million at a record 25% margin. GAAP diluted EPS was negative $0.52, including a $173 million bitcoin remeasurement loss; Adjusted Diluted EPS grew 52% to $0.85. Cash App gross profit surged 38% year-over-year while Square grew 9%. Consumer Lending origination volume accelerated 82% year-over-year, with Cash App Borrow nearly tripling. The company raised full-year guidance to 19% gross profit growth, 27% Adjusted Operating Income margin, and 62% Adjusted Diluted EPS growth. AI integration—through tools like Builderbot and customer-facing products Moneybot and Managerbot—is central to the strategic narrative, with production code changes per engineer up 2.5x and incident rates down 70% year-over-year.

Guidance

2026: Gross profit $12.33B (19% YoY growth), Adjusted Operating Income $3.34B (27% margin), Adjusted Diluted EPS $3.85 (62% YoY growth); Q2 2026: Gross profit $3.04B (20% YoY growth), Adjusted Operating Income $740M (24% margin), Adjusted Diluted EPS $0.86 (39% YoY growth)

Read the 8-K

Founder backgrounds

Jack Dorsey

Block Head (CEO) & Chairman

Co-founded Twitter in 2006 and founded Square in 2009, inspired by frustration over a lost credit card sale — turning a smartphone into a payment terminal. Studied at Missouri University of Science and Technology and later NYU without graduating. Served as CEO of both Twitter and Square simultaneously from 2015 to 2021, a rare dual-CEO arrangement. Prior software work included building dispatch software for taxis and an early stint at Odeo, the podcasting startup that seeded Twitter. Stepped down as Twitter CEO in late 2021 to focus entirely on Block, where he has deepened the company's Bitcoin strategy and renamed Square to Block to reflect its broader scope beyond payments. Known for a sparse, almost monastic leadership style — he famously once ate only one meal a day and took silent retreats — and a public conviction that Bitcoin is the internet's native currency.

Jim McKelvey

Co-founder & Board Member

A trained computer scientist and economist (Washington University in St. Louis), McKelvey was working as a glassblower when the inability to accept a credit card payment for one of his sculptures sparked the idea for Square in 2009. He co-founded the company with Jack Dorsey and remains on Block's board. Prior to Square, he co-founded the wireless networking firm Mira and served as a director at the Danforth Foundation. McKelvey also founded LaunchCode, a nonprofit placing people into tech apprenticeships, and is the author of *The Innovation Stack*, a book on entrepreneurial resilience drawn from Square's early battles with incumbents.

AI bull / bear

Bull case

Block's Cash App sits at the intersection of three high-growth vectors: crypto adoption, consumer lending, and demographic expansion. The platform already counts over 50 million monthly actives, giving it the distribution muscle to turn Bitcoin trading into a habitual, mainstream behavior rather than a speculative sideshow. Its move into youth accounts for 6-to-12-year-olds represents a generational land grab—capturing Gen Alpha before traditional banks even show up to the fight—and creates a decade-plus runway of customer lifetime value. The new pay-later feature for peer-to-peer transfers adds a lending layer that deepens engagement while building a credit repayment dataset Block can monetize. That dataset feeds directly into another initiative: commercializing proprietary credit scores, transforming Cash App from a payments utility into a full-stack financial intelligence platform. With Spiral and TBD also advancing Bitcoin infrastructure and decentralized identity, Block owns both the consumer gateway and the protocol-level plumbing for a post-bank financial system.

Bear case

Cash App's growth strategy is accumulating regulatory risk faster than it is accumulating durable revenue. Targeting 6-to-12-year-olds with a financial app invites scrutiny from the FTC, state AGs, and child-privacy regulators—especially given Block's intention to monetize user data through proprietary credit scores. Selling credit scores derived from P2P payment behavior and pay-later loans to third parties will draw CFPB attention and could trigger consent-order risk if disclosures are deemed inadequate. The pay-later product itself, even with built-in debt protections, encourages borrowing on everyday transfers and will face the same political backlash that has already engulfed the broader BNPL sector. Meanwhile, Bitcoin revenue—historically a material contributor—swings with crypto cycles that Block cannot control, and the Bitcoin development arm Spiral burns cash without a clear path to standalone returns. Venmo and PayPal continue to match features, while crypto-native wallets like Phantom and Coinbase Wallet threaten to disintermediate Cash App on the very asset class it has bet its differentiation on.

Generated by deepseek-v4-pro · May 2, 2026Refreshes quarterly · see disclosures

In the news

PYMNTS5/18/2026
Earnings Reveal New Race to Control the Merchant Stack
Earnings reports from Block, PayPal, and Fiserv show merchant services expanding beyond payments into integrated platforms for back-office operations, marketing, and financing.

Leadership

Jack Dorsey

Block Head (CEO) & Chairman

in 𝕏

Jim McKelvey

Co-founder & Board Member

—

Amrita Ahuja

Chief Financial Officer & Chief Operating Officer

Products

Square
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
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
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
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.

Open roles

No live openings right now, or the job board API is temporarily unreachable. The company's careers page has the latest.

View all careers ↗