Block (XYZ) stock
Financials · Transaction & Payment Processing Services
Block (XYZ) is a Transaction & Payment Processing Services company in the Financials sector, headquartered in none. As of October 23, 2026, XYZ closed at $76.46, a market capitalization of $45.94 billion, the 249th largest company in the S&P 500. Over the last twelve months it generated $25.04 billion in revenue (+9% year over year) and $3.88 billion in free cash flow. The stock trades at 136.5x trailing earnings and 14.7x forward earnings.
- 1-year total return: -2.7% (dividends reinvested)
- 5-year return: -21.3% a year
- 52-week range: $48.21 – $86.92
- Gross margin 46.6%, operating margin 7.0%
- FI Handbook report card: C+ across 10 metrics
- 39th largest of 76 Financials stocks in the S&P 500
XYZ price chart
1Y price change: -2.7% (price only; total returns below include dividends)
| Total return | 1M | YTD | 1Y | 3Y | 5Y | 10Y | MAX |
|---|---|---|---|---|---|---|---|
| XYZ | +2.4% | +17.5% | -2.7% | +20.3% | -21.3% | +21.0% | +17.5% |
Dividends reinvested. 3Y and longer are annualized; MAX is annualized since 2015.
XYZ key statistics
- Market cap
- $45.9B
- #249 in S&P 500
- P/E (TTM)
- 136.5x
- Forward P/E
- 14.7x
- EPS (TTM)
- $0.56
- Revenue (TTM)
- $25.0B
- +9%
- Free cash flow
- $3.9B
- Gross margin
- 46.6%
- Operating margin
- 7.0%
- Return on equity
- 1.6%
- Dividend yield
- None
- 52-week range
- $48.21 – $86.92
- Beta
- 2.55
- Price / sales
- 1.8x
- EV / EBITDA
- 29.9x
- Debt / equity
- 0.33x
- Employees
- 10,205
XYZ report card
C+Ten fundamentals graded A to F against fixed thresholds. Not a buy or sell rating.
- Revenue growth9.3%C
- Gross margin46.6%B
- Operating margin7.0%D
- FCF margin15.5%B
- Return on equity1.6%F
- Net debt / EBITDA0.3xB
- Forward P/E14.7xA
- PEG ratio0.6xA
- Shareholder yield5.1%A
- Share count change / yr5.3%F
Block financials
Revenue went from $1.7B in fiscal 2016 to $24.2B in fiscal 2025, growing 34.2% a year.
| Fiscal year | 2016 | 2017 | 2018 | 2019 | 2020 | 2021 | 2022 | 2023 | 2024 | 2025 |
|---|---|---|---|---|---|---|---|---|---|---|
| Revenue | $1.7B | $2.2B | $3.2B | $4.7B | $9.5B | $17.7B | $17.5B | $21.9B | $24.1B | $24.2B |
| Gross profit | $576.0M | $839.3M | $1.3B | $1.9B | $2.7B | $4.4B | $6.0B | $7.5B | $8.9B | $10.4B |
| Operating income | -$170.5M | -$54.2M | -$36.6M | $26.6M | -$18.8M | $161.1M | -$624.5M | -$278.8M | $892.3M | $1.7B |
| Net income | -$171.6M | -$62.8M | -$38.5M | $375.4M | $213.1M | $166.3M | -$540.7M | $9.8M | $2.9B | $1.3B |
| EPS (diluted) | $-0.50 | $-0.17 | $-0.09 | $0.81 | $0.44 | $0.33 | $-0.93 | $0.02 | $4.56 | $2.10 |
| Free cash flow | -$2.3M | $101.6M | $233.9M | $265.1M | $34.7M | $713.5M | $5.1M | -$50.2M | $1.6B | $2.4B |
| Buybacks | — | — | — | — | — | $0 | $0 | $156.8M | $1.2B | $2.3B |
| Diluted shares | 341.6M | 379.3M | 405.7M | 466.1M | 482.2M | 501.8M | 578.9M | 614.0M | 636.4M | 622.8M |
Source: SEC filings (10-K XBRL). EPS and share counts are split-adjusted.
What's priced into XYZ?
A reverse DCF asks what growth the current price requires. With an enterprise value of $46.4B and $3.9B of trailing free cash flow, Block needs to grow free cash flow about -2.0% a year for ten years (fading to 3.0% terminal growth) to earn a 10% annual return. For context, free cash flow grew 133.8% a year over the last five years.
P/E ratio history
Current 36.4x vs. median 230.5x (10th–90th percentile 14.8x–3408.4x).
A model, not a forecast or advice. Small changes in assumptions move the answer a lot.
XYZ earnings
Next report: November 3, 2026. Block has beaten EPS estimates 3 quarters in a row. Last quarter's revenue was $6.6B (+9% year over year).
| Report date | EPS estimate | EPS actual | Surprise |
|---|---|---|---|
| Aug 5, 2026 | $0.87 | $1.02 | +16.7% |
| May 7, 2026 | $0.68 | $0.85 | +25.6% |
| Feb 26, 2026 | $0.65 | $0.65 | +0.1% |
| Nov 6, 2025 | $0.66 | $0.54 | -18.1% |
| Aug 7, 2025 | $0.67 | $0.62 | -8.0% |
| May 1, 2025 | $0.93 | $0.56 | -39.7% |
| Feb 20, 2025 | $0.87 | $0.71 | -18.8% |
| Nov 7, 2024 | $0.89 | $0.88 | -1.3% |
Stocks like XYZ
| Name | Today | 1Y | Mkt cap | P/E | |
|---|---|---|---|---|---|
 V Visa | -1.55% | +19% | $765.8B | 34.7x | Compare |
 MA Mastercard | -1.52% | +9% | $546.3B | 34.3x | Compare |
 PYPL PayPal | -0.90% | -17% | $48.8B | 10.8x | Compare |
 CPAY Corpay | -1.58% | +44% | $26.8B | 24.8x | Compare |
 FISV Fiserv | -1.89% | -60% | $26.5B | 9.6x | Compare |
 GPN Global Payments | -3.56% | -4% | $21.9B | 38.9x | Compare |
 FIS Fidelity National Information S | -1.98% | -42% | $19.4B | 5.8x | Compare |
 JKHY Jack Henry & Associates | +0.46% | +6% | $11.4B | 22.1x | Compare |
XYZ news
- Netflix downgraded, Tesla upgraded: Wall Street's top analyst calls · Oct 22, 2026
- BMO lifts Block to Outperform, sees multiple rerating catalysts ahead · Oct 22, 2026
- Block's Cash App Neighborhoods May Reaccelerate Monthly Active Users, RBC Says · Oct 21, 2026
- Block Pledges a 28% Margin After Its AI Restructuring Pays Off · Oct 21, 2026
- Block (XYZ) Grew Lending-Led Gross Profit 43%, but Are Its Costs Catching Up? · Oct 19, 2026
XYZ stock FAQ
What is XYZ's market cap?
Block's market capitalization is $45.94 billion as of October 23, 2026, ranking 249th in the S&P 500.
What is XYZ's P/E ratio?
XYZ trades at a trailing price-to-earnings ratio of 136.5x and a forward P/E of 14.7x. Its median P/E over the period we track is 230.5x.
Does XYZ pay a dividend?
No. Block does not currently pay a regular cash dividend.
How much has XYZ stock returned?
Including reinvested dividends, XYZ returned -2.7% over one year, -21.3% a year over five years, +21.0% a year over ten years through October 23, 2026.
Is XYZ stock overvalued?
At today's price, a reverse discounted cash flow model (10% discount rate, 3% terminal growth) implies Block must grow free cash flow about -2% a year for the next decade. Its free cash flow grew 134% a year over the last five years. Whether that is achievable decides if the stock is cheap or expensive. This is a model, not advice.
When does XYZ report earnings?
Block is expected to report earnings on November 3, 2026. It has beaten EPS estimates 3 quarters in a row.
How many employees does Block have?
Block has about 10,205 full-time employees, or $2.5 million of revenue per employee.
Sources: SEC EDGAR filings, Yahoo Finance market data (delayed), FI Handbook calculations. Last close October 23, 2026. Methodology