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Block Income Statement

Revenue, expenses, and profitability over time

Block generated $24.5B in trailing twelve-month revenue, up 0.0% year-over-year. Net income was $807.1M with a 3.3% net margin. Gross margin stands at 44.85% and operating margin at 4.93%. Diluted EPS is $1.28, which declined 0.7% year-over-year. Based on the Q1 2026 filing.

Total Revenue (TTM)$24.5BGross Profit (TTM)$11.0BOperating Income (TTM)$1.2BNet Income (TTM)$807.1MEps Diluted (TTM)$1.28
Latest FilingQ1 2026
Report Date2026-05-07
Market Cap$41.1B
P/E Ratio50.95
ROE3.74%

Cost of Revenue

MetricQ4 '24Q1 '25Q2 '25Q3 '25Q4 '25Q1 '26
Amortization of acquired technology$15.6M$14.7M$14.4M$13.9M$13.9M$12.8M
Total cost of revenue$3.7B$3.5B$3.5B$3.5B$3.4B$3.1B

Operating Expenses

MetricQ4 '24Q1 '25Q2 '25Q3 '25Q4 '25Q1 '26
Depreciation and amortization$34.6M$33.7M$33.9M$34.1M$34M$34.2M
General and administrative$728.4M$491.8M$449.2M$544M$512.6M$857.6M
Provision for credit losses$244.6M$169.7M$294.1M$363.5M$510M$500.1M
Research and development$769.7M$760.7M$725.3M$711.2M$710.7M$1B
Selling and marketing$521.1M$504.5M$549.7M$599.3M$619.5M$650.5M
Total operating expenses$2.3B$2B$2.1B$2.3B$2.4B$3.1B

Earnings Per Share

MetricQ4 '24Q1 '25Q2 '25Q3 '25Q4 '25Q1 '26
Basic earnings per share$3.16$0.31$0.88$0.76$0.19$-0.52
Diluted earnings per share$3.06$0.30$0.87$0.74$0.19$-0.52
Weighted-average shares, basic617M619.4M612.9M610.2M612.2M597.6M
Weighted-average shares, diluted636.4M635.3M618.9M621.7M622.8M597.6M

Operating Income

MetricQ4 '24Q1 '25Q2 '25Q3 '25Q4 '25Q1 '26
Gross profit$2.3B$2.3B$2.5B$2.7B$2.9B$2.9B
Operating income$13M$329.3M$484.3M$409.4M$485.4M-$172M

Income Before Tax

MetricQ4 '24Q1 '25Q2 '25Q3 '25Q4 '25Q1 '26
Income before income taxes$277.8M$227.1M$659.4M$601.5M$202M-$392.6M

Tax

MetricQ4 '24Q1 '25Q2 '25Q3 '25Q4 '25Q1 '26
Income tax expense-$1.3B$38.3M$121M$139.9M$86.4M-$84M

Net Income

MetricQ4 '24Q1 '25Q2 '25Q3 '25Q4 '25Q1 '26
Net income$1.9B$189.9M$538.5M$461.5M$115.8M-$308.7M

Other

MetricQ4 '24Q1 '25Q2 '25Q3 '25Q4 '25Q1 '26
Amortization of capitalized software and acquired intangible assets$34.6M$33.7M$33.9M$34.1M$34M$34.2M
Gain (loss) on disposal of digital assets$252.3M-$93.4M$212.2M$59.6M-$234.3M-$172.8M
Other income, net (Note 6)$28.5M$8.3M-$13.4M$167.2M$4.7M$5.4M

Other Income & Expense

MetricQ4 '24Q1 '25Q2 '25Q3 '25Q4 '25Q1 '26
Interest Income (Expense), Nonoperating-$16.1M-$17.2M-$23.7M-$34.7M-$53.8M-$53.2M

Revenue

MetricQ4 '24Q1 '25Q2 '25Q3 '25Q4 '25Q1 '26
Total revenue$6B$5.8B$6.1B$6.1B$6.3B$6.1B