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Block XYZ Square — Amortization of acquired technology assets

Other segment segments

Cash App
$11.67M

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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:AdjustmentForAmortization.

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 square — amortization of acquired technology assets?
Block (XYZ) reported square — amortization of acquired technology assets of $1.15M in Q1 2026.
How has Block's square — amortization of acquired technology assets changed year-over-year?
Block's square — amortization of acquired technology assets decreased by 24.0% year-over-year, from $1.51M to $1.15M.
What is the long-term trend for Block's square — amortization of acquired technology assets?
Over 2 years (2023 to 2025), Block's square — amortization of acquired technology assets has grown at a -29.4% compound annual growth rate (CAGR), from $10.63M to $5.3M.
What does square — amortization of acquired technology assets mean?
This represents the non-cash expense related to the systematic write-down of intangible technology assets acquired through business combinations within the Square segment. It reflects the cost of integrating and utilizing intellectual property or software platforms purchased from other entities. Investors track this to distinguish between operational cash performance and accounting-driven non-cash charges.