Block (XYZ) Q4 FY2025 earnings: revenue $6.3 billion, up 3.6% on the year
Block, Inc. (XYZ) reported revenue of $6.3 billion for Q4 FY2025, the quarter ended 31 December 2025, up 3.6% on the same quarter a year earlier. Net income was $116 million, down 94.1% on the year, and diluted earnings per share $0.19. The figures are the company's own, from the 10-K it filed with the SEC on 26 February 2026.
Revenue
$6.3 billion
+3.6% on the year · +2.2% on the quarter
Q1 FY2024Q4 FY2025
Operating margin
7.8%
0.2% a year earlier
Q1 FY2024Q4 FY2025
Net income
$116 million
-94.1% on the year · -74.9% on the quarter
Q1 FY2024Q4 FY2025
Diluted EPS
$0.19
-93.8% on the year · -74.3% on the quarter
Q1 FY2024Q4 FY2025
this quarterthe same quarter a year earlierHover a bar for its figure.
What management said
Guidance figures: 3 raised, 3 new.
Gross profit growth accelerated to 24%: Gross profit reached $2.87 billion in the fourth quarter. Full-year 2025 gross profit was $10.36 billion, up 17%, with Cash App up 21% and Square up 9%.
Square NVA growth reached 29%: Square NVA growth accelerated in the fourth quarter. Self-onboard NVA grew at its fastest rate since the second quarter of 2021.
$ million except per share. Read moreFourth quarters are the year less the first three quarters. Free cash flow is operating cash flow less capital expenditure; the effective tax rate is income tax over pre-tax income; margins are the line over revenue. Gross profit is revenue less cost of revenue, and operating income is revenue less the company's own total costs, where the statement does not print those lines. Those four are arithmetic on the filed numbers; everything else is as filed. Money is in $ million as the company files it, or in $ billion by the switch above the tables; per share figures and share counts are as they are.
Cash flow
$ million
Q4 FY2025
Q3 FY2025
Q4 FY2024
On the quarter
On the year
Last 8 quarters
Operating cash flow
621
1,451
13.8
-57.2%
+4,400.0%
Capital expenditure
41.2
50.6
27.0
-18.7%
+52.6%
Free cash flow
580
1,400
-13.2
-58.6%
Free cash flow margin
9.3%
22.9%
-0.2%
Cash from investing
-2,130
-1,101
-323
Cash from financing
39.8
1,467
708
-97.3%
-94.4%
Depreciation and amortisation
96.1
92.1
88.9
+4.3%
+8.1%
Share-based compensation
294
309
317
-5.1%
-7.5%
Buybacks
790
403
183
+96.0%
+331.4%
Diluted shares, weighted
614m
622m
639m
-1.2%
-3.9%
Shares outstanding at period end
599m
608m
619m
-1.4%
-3.3%
Cash flow lines for the quarter; where the company files them year to date, the quarter is the difference between two filings.
Balance sheet
$ million
Q4 FY2025
Q3 FY2025
Q4 FY2024
On the quarter
On the year
Last 8 quarters
Shareholders' equity
22,204
22,507
21,268
-1.3%
+4.4%
Non-controlling interest
-34.4
-34.2
-33.0
Debt
8,654
7,786
7,587
+11.1%
+14.1%
Operating lease liabilities
257
259
279
-0.9%
-7.7%
Other liabilities
8,469
8,664
7,677
-2.2%
+10.3%
Total liabilities and equity
39,550
39,183
36,778
+0.9%
+7.5%
Fixed assets
323
343
314
-5.8%
+2.8%
Goodwill
11,849
11,808
11,417
+0.3%
+3.8%
Intangible assets
1,282
1,326
1,433
-3.3%
-10.6%
Securities held for sale or to maturity
707
548
875
+29.1%
-19.3%
Cash and equivalents
6,564
8,336
8,075
-21.3%
-18.7%
Receivables
238
176
149
+35.0%
+60.0%
Inventory
158
167
105
-5.0%
+50.8%
Other assets
18,429
16,479
14,408
+11.8%
+27.9%
Total assets
39,550
39,183
36,778
+0.9%
+7.5%
Questions
What was Block's revenue in Q4 FY2025?
Block (XYZ) reported revenue of $6.3 billion for Q4 FY2025, the quarter ended 31 December 2025, up 3.6% on the same quarter a year earlier.
How much did Block earn in Q4 FY2025?
Net income for Q4 FY2025 was $116 million, down 94.1% on the year, and diluted earnings per share $0.19.
When did Block report Q4 FY2025 results?
Block filed its 10-K for the year that ended with the quarter on 26 February 2026; the fourth quarter is the year less the first three.
Each quarter as filed, linked to its filing. Read more* The fourth quarter is the full year less the first three quarters, because the company files the year and not the quarter on its own. A fourth quarter's EPS, and its diluted share count where shown, are from the company's results press release for that quarter, checked against the company's filed figures or a second data source. A quarter marked † is shown as the company last restated it in a later filing, so it compares with the quarters around it on one basis; rest on a figure for the one first filed. EPS is as filed. Money is in $ million as the company files it, or in $ billion by the switch above the tables; per share figures and the share count are as they are. Free cash flow is operating cash flow less capital expenditure; the effective tax rate is income tax over pre-tax income; margins are the line over revenue. Gross profit is revenue less cost of revenue, and operating income is revenue less the company's own total costs, where the statement does not print those lines. Cash flow lines filed year to date are the difference between two filings. Shares outstanding are at the period end where the balance sheet tags them, otherwise the count on the filing's cover page. A derived fourth-quarter EPS is left blank when a split in the year makes the arithmetic meaningless.
10-K for the period ended 31 December 2025, filed 26 February 2026: the filing.