What are Block's profit margins?

Block (XYZ) runs a 44.9% gross margin and a 4.9% operating margin, with a 3.3% net margin.

Where do Block's ratios come from?

Every ratio is computed from Block's SEC filings — trailing-twelve-month flows over period-end balances. Valuation multiples combine those fundamentals with market data, recomputed each period. Switch between quarterly, annual, and TTM, or open any ratio for its full history and peer comparisons.

Block XYZ Ratios & Valuation

Income Statement Balance Sheet Cash Flow Ratios Segments

Quarterly Annual TTM

YoY QoQ

Simplified Detailed

	TTM Q1 '26	TTM Q4 '25	TTM Q3 '25	TTM Q2 '25	TTM Q1 '25
Profitability
Gross margin	167.9%+22.0pp	161%+18.6pp	155.1%+15.2pp	150.2%+12.1pp	146%+8.4pp
Operating margin	22%+9.3pp	21.1%+12.6pp	17.7%+14.2pp	15.7%+16.7pp	12.7%+17.0pp
Net margin	34.2%+3.9pp	41.8%+20.8pp	48.4%+39.4pp	39.8%+36.1pp	30.2%+30.2pp
EBITDA margin	28.1%+8.9pp	27.2%+11.9pp	23.9%+13.3pp	22%+15.6pp	19.2%+16.1pp
Free cash flow margin	35.5%+18.7pp	27.3%+14.8pp	23.7%+18.0pp	19.1%—	16.9%—
Returns
Return on equity	38.8%+2.1pp	48%+22.1pp	56.5%+45.1pp	47.3%+42.7pp	36.7%+36.5pp
Return on assets	21.8%+1.2pp	26.9%+12.5pp	31.8%+25.6pp	26.6%+24.1pp	20.6%+20.5pp
Return on invested capital	33.3%+10.4pp	34.4%+19.2pp	31.8%+25.1pp	28.4%+29.5pp	22.9%+29.5pp
Efficiency
Asset turnover	2.6×-0.2×	2.6×-0.2×	2.6×-0.1×	2.7×0.0×	2.7×0.0×
Inventory turnover	418.9×-146×	453.7×-116×	490.3×-76.8×	533×-28.9×	564.5×+7.3×
Liquidity
Current ratio	8.3×-0.2×	8.6×+0.7×	8.7×+1.2×	8.6×+1.2×	8.5×+1.0×
Quick ratio	8.3×-0.2×	8.6×+0.7×	8.7×+1.2×	8.6×+1.2×	8.4×+1.0×
Cash ratio	4.9×-0.4×	5.3×+0.6×	5.6×+1.5×	5.5×+1.8×	5.3×+1.5×
Leverage
Debt-to-equity	1×-0.1×	1×0.0×	0.9×0.0×	1×0.0×	1.1×+0.1×
Debt-to-assets	0.6×0.0×	0.6×0.0×	0.6×0.0×	0.6×0.0×	0.6×+0.1×
Net debt / EBITDA	-18.3×+8.1×	-19.3×+19.5×	-22.3×+45.4×	-23.9×+75.1×	-26.4×+158×
Per Share
Book value per share	$143.99+11.5%	$141.45+13.1%	$139.22+14.0%	$134.49+12.3%	$129.13+8.9%
Valuation
Market capitalization	$159.85B-4.6%	$157.45B-15.4%	$170.57B-5.7%	$167.98B+0.9%	$167.55B+0.1%
Enterprise value	$129.7B-6.0%	$127.12B-19.1%	$138.91B-10.5%	$136.74B-5.1%	$138.01B-6.4%
Price / earnings	102.6×-26.2×	70.8×-181×	58.7×-5,043×	84×—	128.8×—
Price / sales	6.6×-0.4×	6.6×-1.3×	7.1×-0.8×	7×-0.4×	7×-0.8×
Price / book	7.2×-1.0×	7.1×-2.2×	7.8×-1.6×	7.9×-0.9×	8.2×-0.9×
EV / EBITDA	77.7×-46.8×	79×-142×	98.5×-418×	105.6×-588×	124.5×-1,338×
EV / sales	5.4×-0.4×	5.3×-1.4×	5.8×-1.0×	5.7×-0.7×	5.8×-1.1×
Free cash flow yield	22%+12.4pp	16.6%+10.2pp	13.4%+10.2pp	11%—	9.7%—
Earnings yield	20%+2.5pp	25.5%+15.1pp	27.7%+22.7pp	23.2%+21.5pp	17.5%+17.9pp

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Questions, answered.

What are Block's profit margins?: Block (XYZ) runs a 44.9% gross margin and a 4.9% operating margin, with a 3.3% net margin.
Where do Block's ratios come from?: Every ratio is computed from Block's SEC filings — trailing-twelve-month flows over period-end balances. Valuation multiples combine those fundamentals with market data, recomputed each period. Switch between quarterly, annual, and TTM, or open any ratio for its full history and peer comparisons.