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Block XYZ Cash App — Less: Cost of revenue

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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+1.1%
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$46.32B+15.3%
Enterprise value$38.84B+21.8%
P/E57.4×+43.8×
P/S1.9×+0.2×

Profitability

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Gross margin44.9%+6.9pp
Operating margin4.9%+0.9pp
Net margin3.3%-7.6pp
FCF margin13.3%+8.3pp

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

Reported directly by Block in its filing.

Tagged under the XBRL concept us-gaap:CostOfRevenue.

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 cash app — less: cost of revenue?
Block (XYZ) reported cash app — less: cost of revenue of $1.96B in Q1 2026.
How has Block's cash app — less: cost of revenue changed year-over-year?
Block's cash app — less: cost of revenue decreased by 21.5% year-over-year, from $2.5B to $1.96B.
What is the long-term trend for Block's cash app — less: cost of revenue?
Over 2 years (2023 to 2025), Block's cash app — less: cost of revenue has grown at a -6.3% compound annual growth rate (CAGR), from $10.36B to $9.09B.
What does cash app — less: cost of revenue mean?
This represents the direct costs associated with providing services within the consumer financial ecosystem, including transaction processing fees, bank settlement costs, and costs related to card issuance. It reflects the variable expenses incurred to facilitate the movement of money and support consumer financial transactions.