Block XYZ Business Segments
| Q1 '26 | Q4 '25 | Q3 '25 | Q2 '25 | Q1 '25 | ||
|---|---|---|---|---|---|---|
| Total by Business | ||||||
| Cash App | $3.87B-0.2% | $3.9B-2.9% | $3.8B-3.3% | $3.84B-6.9% | $3.88B-7.0% | |
| Square | $2.11B+14.0% | $2.19B+11.3% | $2.24B+11.9% | $2.17B+9.4% | $1.85B+7.1% | |
| Gross Profit by Business | ||||||
| Cash App | $1.91B+38.3% | $1.83B+33.1% | $1.62B+24.4% | $1.5B+15.5% | $1.38B+9.6% | |
| Square | $981.55M+9.3% | $992.67M+7.5% | $1.02B+9.1% | $1.03B+11.3% | $897.9M+9.5% | |
| Less: Cost of revenue by Business | ||||||
| Cash App | $1.96B-21.5% | $2.07B-21.6% | $2.18B-17.1% | $2.34B-17.2% | $2.5B-14.3% | |
| Square | $1.13B+18.5% | $1.2B+14.6% | $1.22B+14.4% | $1.14B+7.8% | $954.26M+4.9% | |
| Interest revenue by Business | ||||||
| Cash App | $43.37M-11.9% | —— | —— | —— | $49.24M+6.4% | |
| Square | $8.37M+5.5% | —— | —— | —— | $7.94M-13.8% | |
| Amortization of acquired technology assets by Business | ||||||
| Cash App | $11.67M-11.4% | $12.59M-10.4% | $12.9M-7.4% | $12.9M-5.4% | $13.17M-4.1% | |
| Square | $1.15M-24.0% | $1.32M-12.3% | $961K-35.6% | $1.51M-31.2% | $1.51M-40.6% | |
| Total by Product | ||||||
| Bitcoin ecosystem revenue | $1.8B-22.9% | —— | —— | —— | $2.33B-10.0% | |
| Commerce enablement revenue | $2.94B+14.5% | —— | —— | —— | $2.57B-2.3% | |
| Financial solutions revenue | $1.32B+51.1% | —— | —— | —— | $875.01M+7.7% | |
| Revenue from other sources by Product | ||||||
| Commerce enablement revenue | $420.76M+40.2% | —— | —— | —— | $300.19M-1.1% | |
| Financial solutions revenue | $736.12M+125% | —— | —— | —— | $326.44M+20.3% | |
| Cost of revenue by Product | ||||||
| Bitcoin ecosystem revenue | $1.73B-22.8% | —— | —— | —— | $2.24B-10.0% | |
| Commerce enablement revenue | $1.32B+14.3% | —— | —— | —— | $1.15B-6.2% | |
| Financial solutions revenue | $89.38M+14.7% | —— | —— | —— | $77.92M+0.2% | |
| Total by Geography | ||||||
| Australia | $4.59B+9.7% | $4.45B+7.1% | $4.42B-7.9% | $4.4B-5.4% | $4.19B-7.9% | |
| International | $526.1M+24.0% | $560.85M+12.4% | $530.06M+16.3% | $492.03M+16.1% | $424.17M+8.5% | |
| Other international | $1.9B— | $1.93B— | —— | —— | —— | |
| United States | $5.53B+3.4% | $5.69B+2.9% | $5.58B+1.2% | $5.56B-3.0% | $5.35B-3.9% |
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.
