Pulling SEC filings + quote and writing the call…
| Fiscal year | FY2016 | FY2017 | FY2018 | FY2019 | FY2020 | FY2021 | FY2022 | FY2023 | FY2024 | FY2025 |
|---|---|---|---|---|---|---|---|---|---|---|
| Revenue | $1.71B | $2.21B | $3.30B | $4.71B | $9.50B | $17.7B | $17.5B | $21.9B | $24.1B | $24.2B |
| Revenue growth | — | 29.6% | 49.0% | 42.9% | 101.5% | 86.0% | -0.7% | 25.0% | 10.1% | 0.3% |
| Gross profit | $576M | $839M | $1.30B | $1.89B | $2.73B | $4.42B | $5.99B | $7.50B | $8.89B | $10.4B |
| Gross margin | 33.7% | 37.9% | 39.5% | 40.1% | 28.8% | 25.0% | 34.2% | 34.2% | 36.9% | 42.8% |
| Operating income | -$170M | -$54.2M | -$36.6M | $26.6M | -$18.8M | $161M | -$625M | -$279M | $892M | $1.71B |
| Operating margin | -10.0% | -2.4% | -1.1% | 0.6% | -0.2% | 0.9% | -3.6% | -1.3% | 3.7% | 7.1% |
| Net income | -$172M | -$62.8M | -$38.5M | $375M | $213M | $166M | -$541M | $9.77M | $2.90B | $1.31B |
| Net margin | -10.0% | -2.8% | -1.2% | 8.0% | 2.2% | 0.9% | -3.1% | 0.0% | 12.0% | 5.4% |
| EPS (diluted) | -$0.50 | -$0.17 | -$0.09 | $0.81 | $0.44 | $0.33 | -$0.93 | $0.02 | $4.56 | $2.10 |
| Fiscal year | FY2016 | FY2017 | FY2018 | FY2019 | FY2020 | FY2021 | FY2022 | FY2023 | FY2024 | FY2025 |
|---|---|---|---|---|---|---|---|---|---|---|
| Operating cash flow | $23.1M | $128M | $295M | $328M | $173M | $848M | $176M | $101M | $1.71B | $2.58B |
| Capital expenditures | $25.4M | $26.1M | $61.2M | $62.5M | $138M | $134M | $171M | $151M | $154M | $155M |
| Free cash flow | -$2.30M | $102M | $234M | $265M | $34.7M | $714M | $5.09M | -$50.2M | $1.55B | $2.42B |
| Share buybacks | — | — | — | — | — | $0.00 | $0.00 | $157M | $1.17B | $2.33B |
| Fiscal year | FY2016 | FY2017 | FY2018 | FY2019 | FY2020 | FY2021 | FY2022 | FY2023 | FY2024 | FY2025 |
|---|---|---|---|---|---|---|---|---|---|---|
| Cash & equivalents | $452M | $696M | $583M | $1.05B | $3.16B | $4.44B | $4.54B | $5.00B | $8.08B | $6.56B |
| Total assets | $1.21B | $2.19B | $3.28B | $4.55B | $9.87B | $15.0B | $31.4B | $33.0B | $36.8B | $39.5B |
| Total liabilities | $635M | $1.40B | $2.16B | $2.84B | $7.19B | $11.7B | $14.1B | $14.3B | $15.5B | $17.4B |
| Long-term debt | $0.00 | $359M | $900M | $939M | $2.59B | $4.56B | $4.11B | — | — | — |
| Shareholders' equity | $576M | $786M | $1.12B | $1.72B | $2.68B | $3.27B | $17.2B | $18.7B | $21.3B | $22.2B |
| Retained earnings | -$779M | -$843M | -$886M | -$510M | -$297M | -$28.0M | -$569M | -$528M | $2.37B | $3.67B |
| Shares (wtd avg diluted) | 342M | 379M | 406M | 466M | 482M | 502M | 579M | 614M | 636M | 623M |
Every figure is extracted from Block, Inc.’s annual reports as filed with the SEC (XBRL company facts) — no third-party estimates. Fiscal years are labeled by period end; filers occasionally re-tag concepts, so a sparse cell means the company didn’t report that concept for that year. Free cash flow = operating cash flow − capital expenditures.
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