Block XYZ Business Segments
| Q1 '26 | Q4 '25 | Q3 '25 | Q2 '25 | Q1 '25 | ||
|---|---|---|---|---|---|---|
| Total by Business | ||||||
| Cash App | $3.87B-0.8% | $3.9B+2.7% | $3.8B-1.2% | $3.84B-0.9% | $3.88B-3.4% | |
| Square | $2.11B-3.7% | $2.19B-2.2% | $2.24B+3.4% | $2.17B+17.0% | $1.85B-6.0% | |
| Gross Profit by Business | ||||||
| Cash App | $1.91B+4.2% | $1.83B+12.8% | $1.62B+8.2% | $1.5B+8.7% | $1.38B+0.3% | |
| Square | $981.55M-1.1% | $992.67M-2.5% | $1.02B-0.9% | $1.03B+14.4% | $897.9M-2.8% | |
| Less: Cost of revenue by Business | ||||||
| Cash App | $1.96B-5.2% | $2.07B-4.8% | $2.18B-7.2% | $2.34B-6.2% | $2.5B-5.4% | |
| Square | $1.13B-5.8% | $1.2B-1.9% | $1.22B+7.3% | $1.14B+19.4% | $954.26M-8.8% | |
| Interest revenue by Business | ||||||
| Cash App | $43.37M— | —— | —— | —— | $49.24M+6.4% | |
| Square | $8.37M— | —— | —— | —— | $7.94M-13.8% | |
| Amortization of acquired technology assets by Business | ||||||
| Cash App | $11.67M-7.3% | $12.59M-2.3% | $12.9M0.0% | $12.9M-2.0% | $13.17M-6.3% | |
| Square | $1.15M-13.2% | $1.32M+37.5% | $961K-36.2% | $1.51M-0.1% | $1.51M+0.1% | |
| Total by Product | ||||||
| Bitcoin ecosystem revenue | $1.8B— | —— | —— | —— | $2.33B-10.0% | |
| Commerce enablement revenue | $2.94B— | —— | —— | —— | $2.57B-2.3% | |
| Financial solutions revenue | $1.32B— | —— | —— | —— | $875.01M+7.7% | |
| Revenue from other sources by Product | ||||||
| Commerce enablement revenue | $420.76M— | —— | —— | —— | $300.19M-1.1% | |
| Financial solutions revenue | $736.12M— | —— | —— | —— | $326.44M+20.3% | |
| Cost of revenue by Product | ||||||
| Bitcoin ecosystem revenue | $1.73B— | —— | —— | —— | $2.24B-10.0% | |
| Commerce enablement revenue | $1.32B— | —— | —— | —— | $1.15B-6.2% | |
| Financial solutions revenue | $89.38M— | —— | —— | —— | $77.92M+0.2% | |
| Total by Geography | ||||||
| Australia | $4.59B+3.2% | $4.45B+0.9% | $4.42B+0.4% | $4.4B+5.0% | $4.19B+0.7% | |
| International | $526.1M-6.2% | $560.85M+5.8% | $530.06M+7.7% | $492.03M+16.0% | $424.17M-15.0% | |
| Other international | $1.9B-1.9% | $1.93B— | —— | —— | —— | |
| United States | $5.53B-2.8% | $5.69B+1.9% | $5.58B+0.4% | $5.56B+4.0% | $5.35B-3.4% |
Chart any of these lines over time, or line them up against competitors.
Compare these in charts →Questions, answered.
- How does Block break its business down?
- Block (XYZ) reports total by business across 2 parts — Cash App and Square. Each is extracted from the segment footnotes and tracked over time.
- Where does Block's segment data come from?
- Segment breakdowns are pulled from the segment footnotes in Block's SEC filings (the XBRL dimensional tags), so every line ties back to a reported figure. Switch between quarterly, annual, and TTM, or open any segment for its full history.
