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Block XYZ Net debt / EBITDA

Net debt / EBITDA at other companies

Shopify logo
ShopifySHOP
-1×-1.2×
PayPal Holdings, Inc. logo
PayPal Holdings, Inc.PYPL
-1.8×-2.6×
Coinbase Global, Inc. logo
Coinbase Global, Inc.COIN
-4×+0.2×
Affirm Holdings, Inc. logo
Affirm Holdings, Inc.AFRM
9.4×-788×
Global Payments logo
Global PaymentsGPN
5.2×+1.7×
Corpay logo
CorpayCPAY
-0.1×

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+1.2%
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$43.35B+7.1%
Enterprise value$35.87B+9.9%
P/E53.7×+38.2×
P/S1.8×+0.1×

Profitability

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Gross margin44.9%+6.9pp
Operating margin4.9%+0.9pp
Net margin3.3%-7.6pp

Returns & leverage

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Return on equity3.7%-9.2pp
Debt / equity0.3×0.0×
Current ratio-0.3×

Where this comes from

Calculated from Block’s reported figures.

Based on the most recent quarter.

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 net debt / EBITDA?
Block (XYZ) reported net debt / EBITDA of -4.7× in Q1 2026.
How has Block's net debt / EBITDA changed year-over-year?
Block's net debt / EBITDA increased by 17.5% year-over-year, from -5.7× to -4.7×.
What does net debt / EBITDA mean?
How many years of operating earnings it would take to pay off the company's net debt.
How do you interpret net debt / EBITDA?
Lower is safer; lenders often covenant around 3–4×. A negative value means net cash (more cash than debt), a position of strength. Spikes can reflect a temporary EBITDA dip rather than new borrowing.
How does net debt / EBITDA compare across companies?
A standard leverage yardstick across non-financial sectors; covenant thresholds vary by industry cash-flow stability.