Block, Inc. (NYSE: XYZ), formerly Square, Inc., is a financial services and digital payments company founded in 2009 by Jack Dorsey and Jim McKelvey. The company operates two primary ecosystems: Square, which provides point-of-sale hardware, payment processing, banking services, and business software to merchants; and Cash App, which offers peer-to-peer payments, banking, investing, and consumer lending to individuals. Block also owns Afterpay (acquired 2022), a buy-now-pay-later platform serving 24M+ customers; TIDAL, a music streaming service; Bitkey, a self-custody bitcoin wallet; and Proto, a suite of bitcoin mining products.
The company is headquartered in Oakland, California, and employs approximately 6,000 people following a major AI-driven restructuring in February 2026. In Q1 2026, Block reported gross profit of $2.91 billion (+27% YoY), with Cash App gross profit up 38% and Square gross payment volume up 13%. The company raised full-year 2026 guidance to $12.33B gross profit and $3.34B adjusted operating income (27% margin).
