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Block Business Segments

Business, geographic, and product segment breakdowns

Block generates $24.5B in annual revenue across 2 key segments: Cash App ($188.1M), and Square ($35.6M). The company-wide operating margin is 4.93%. Based on the Q1 2026 filing.

Cash App (TTM)$188.1MSquare (TTM)$35.6M
Latest FilingQ1 2026
Report Date2026-05-07
Market Cap$41.1B
P/E Ratio50.95
ROE3.74%

Products & Services

Cost of revenue

SegmentQ4 '24Q1 '25Q2 '25Q3 '25Q4 '25Q1 '26
Bitcoin ecosystem revenue$2.5B$2.2B———$1.7B
Commerce enablement revenue$1.2B$1.2B———$1.3B
Financial solutions revenue$77.8M$77.9M———$89.4M

Total

SegmentQ4 '24Q1 '25Q2 '25Q3 '25Q4 '25Q1 '26
Commerce enablement revenue$2.6B$2.6B———$2.9B
Bitcoin ecosystem revenue$2.6B$2.3B———$1.8B
Financial solutions revenue$812.7M$875M———$1.3B

Number of payment installments

SegmentQ4 '24Q1 '25Q2 '25Q3 '25Q4 '25Q1 '26
Commerce Enablement————4.00—

Revenue from other sources

SegmentQ4 '24Q1 '25Q2 '25Q3 '25Q4 '25Q1 '26
Financial solutions revenue$271.3M$326.4M———$736.1M
Commerce enablement revenue$303.5M$300.2M———$420.8M

Geographic

Total

SegmentQ4 '24Q1 '25Q2 '25Q3 '25Q4 '25Q1 '26
United States$5.5B$5.3B$5.6B$5.6B$5.7B$5.5B
Australia$4.2B$4.2B$4.4B$4.4B$4.5B$4.6B
Other international————$1.9B$1.9B
International$498.8M$424.2M$492M$530.1M$560.9M$526.1M

Long-Lived Assets

SegmentQ4 '24Q1 '25Q2 '25Q3 '25Q4 '25Q1 '26
United States$7.4B$7.4B$7.3B$7.3B$7.3B$7.2B

Business Segments

Amortization of acquired technology assets

SegmentQ4 '24Q1 '25Q2 '25Q3 '25Q4 '25Q1 '26
Cash App$14.1M$13.2M$12.9M$12.9M$12.6M$11.7M
Square$1.5M$1.5M$1.5M$961K$1.3M$1.1M

Gross Profit

SegmentQ4 '24Q1 '25Q2 '25Q3 '25Q4 '25Q1 '26
Cash App$1.4B$1.4B$1.5B$1.6B$1.8B$1.9B
Square$923.7M$897.9M$1B$1B$992.7M$981.5M

Interest revenue

SegmentQ4 '24Q1 '25Q2 '25Q3 '25Q4 '25Q1 '26
Cash App$46.3M$49.2M———$43.4M
Square$9.2M$7.9M———$8.4M

Less: Cost of revenue

SegmentQ4 '24Q1 '25Q2 '25Q3 '25Q4 '25Q1 '26
Cash App$2.6B$2.5B$2.3B$2.2B$2.1B$2B
Square$1B$954.3M$1.1B$1.2B$1.2B$1.1B

Total

SegmentQ4 '24Q1 '25Q2 '25Q3 '25Q4 '25Q1 '26
Cash App$4B$3.9B$3.8B$3.8B$3.9B$3.9B
Square$2B$1.9B$2.2B$2.2B$2.2B$2.1B