What is Block's income tax?

Block (XYZ) reported income tax of -$83.98M in Q1 2026.

How has Block's income tax changed year-over-year?

Block's income tax decreased by 319.1% year-over-year, from $38.33M to -$83.98M.

What is the long-term trend for Block's income tax?

Over 2 years (2023 to 2025), Block's income tax has grown at a 593.5% compound annual growth rate (CAGR), from -$8.02M to $385.7M.

What does income tax mean?

Total income tax expense (current + deferred) recognized in the income statement, representing the company's total tax obligation on pre-tax income.

Block XYZ Income Tax

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Other financials

Income statement

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Revenue$6.1B+4.9%

Gross profit$2.9B+27.1%

Operating income-$172.0M-152%

Net income-$308.7M-263%

EPS (diluted)-$0.52-273%

Balance sheet

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Cash & equivalents$13.5B+3.1%

Total debt$6.0B+10.9%

Total equity$21.7B+1.1%

Total assets$40.0B+9.9%

Cash flow

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Operating cash flow$965.6M+624%

CapEx$30.6M-4.1%

Free cash flow$935.0M+822%

Valuation

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Market cap$46.32B+15.3%

Enterprise value$38.84B+21.8%

P/E57.4×+43.8×

P/S1.9×+0.2×

Profitability

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Gross margin44.9%+6.9pp

Operating margin4.9%+0.9pp

Net margin3.3%-7.6pp

FCF margin13.3%+8.3pp

Returns & leverage

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Return on equity3.7%-9.2pp

Debt / equity0.3×0.0×

Current ratio2×-0.3×

Where this comes from

Reported directly by Block in its filing.

Tagged under the XBRL concept us-gaap:IncomeTaxExpenseBenefit.

The official record: Block’s 10-Q, filed May 7, 2026, on SEC EDGAR. View the filing →

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Questions, answered.

What is Block's income tax?: Block (XYZ) reported income tax of -$83.98M in Q1 2026.
How has Block's income tax changed year-over-year?: Block's income tax decreased by 319.1% year-over-year, from $38.33M to -$83.98M.
What is the long-term trend for Block's income tax?: Over 2 years (2023 to 2025), Block's income tax has grown at a 593.5% compound annual growth rate (CAGR), from -$8.02M to $385.7M.
What does income tax mean?: Total income tax expense (current + deferred) recognized in the income statement, representing the company's total tax obligation on pre-tax income.