About Block
Block is a company based in San Francisco (United States) founded in 2009 by Jim McKelvey, Nick Molnar, and Jack Dorsey. It operates as a FinTech, and Subscription Services. The company has 11,370 employees as of December 31, 2024. Block has completed 2 acquisitions, including HIFI and Sliderule. Block offers products and services including Square, Cash App, Afterpay, TIDAL, and Bitkey.
- Headquarter San Francisco, United States
- Employees 11370 as on 31 Dec, 2024
- Founders Jim McKelvey, Nick Molnar, Jack Dorsey
- Stage Public
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Sectors
TechnologyMedia & Entertainment
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Phone
*********
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Website
*********
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Social
*********
- Legal Name Block, Inc.
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Annual Revenue
$24.12 B10.06as on Dec 31, 2024
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Net Profit
$2.9 B29546.41as on Dec 31, 2024
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EBITDA
$2.41 B131.82as on Dec 31, 2024
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Latest Funding Round
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Investors
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Employee Count
11370
as on Dec 31, 2024
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Investments & Acquisitions
HIFI
& 1 more
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IPO & Listings of Block
Block is a publicly listed company on the NYSE with ticker symbol XYZ in USA, operating in the Commercial services sector. As a publicly traded entity, the company provides investors with opportunities to participate in its growth story through equity ownership. The listing enables access to capital markets, enhances corporate visibility, and provides liquidity for shareholders while maintaining transparency through regulatory compliance and regular financial disclosures.
Products & Services of Block
Block offers a comprehensive portfolio of products and services, including Square, Cash App, Afterpay, TIDAL, and Bitkey. The company's diverse product and service offerings are designed to meet the evolving needs of its customers, address market demands, and provide comprehensive solutions that drive value creation and customer satisfaction across various segments and use cases.
Payment solutions are provided for businesses and merchants.
Peer-to-peer money transfer services are offered to users.
Buy-now-pay-later services are facilitated for consumer purchases.
Music streaming services are delivered to global audiences.
Crypto wallet solutions are developed for secure transactions.
Innovative tech prototypes are created for various applications.
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Funding Insights of Block
| Date | Amount | Transaction Name | Valuation | Lead Investors | Investors |
|---|---|---|---|---|---|
| Jul, 2021 | Amount | Post-IPO - Grab | Valuation |
investors |
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| Feb, 2021 | Amount | Post-IPO - Grab | Valuation |
investors |
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| Jan, 2021 | Amount | Post-IPO - Grab | Valuation |
investors |
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| Feb, 2021 | Amount | Post-IPO - Grab | Valuation |
investors |
Investments & Acquisitions by Block
Block has strategically engaged in corporate development activities, having acquired 2 companies. Notable acquisitions include HIFI and Sliderule. These strategic investments and acquisitions demonstrate the company's commitment to growth through portfolio expansion, market consolidation, technology integration, and strategic partnerships that enhance competitive positioning and drive long-term value creation.
| Company Name | Description | Domain | Location | Founded Year | Amount |
|---|---|---|---|---|---|
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Bionic investment advisor platform
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2016 | ||||
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Fine Asian gourmet food is offered by an internet-first restaurant.
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2016 | ||||
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Physical e-commerce kiosks are deployed for rural purchases in Indonesia.
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2014 | ||||
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Fine Asian gourmet food is offered by an internet-first restaurant.
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2016 |
| Company Name | Description | Domain | Location | Founded Year | Amount |
|---|---|---|---|---|---|
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Platform offering risk management solutions for financial institutions
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2020 | ||||
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Funding is provided to music artists by HIFI.
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2003 |
| Company Name | Description | Domain | Location | Founded Year | Amount |
|---|---|---|---|---|---|
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OVO is recognized as a smart digital payment application.
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2017 | ||||
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Bionic investment advisor platform
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2016 | ||||
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Physical e-commerce kiosks are deployed for rural purchases in Indonesia.
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2014 | ||||
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Physical e-commerce kiosks are deployed for rural purchases in Indonesia.
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2014 |
Financial Statements - Block
| Date | Amount | Transaction Name | Valuation | Lead Investors | Investors |
|---|---|---|---|---|---|
| Jul, 2021 | Amount | Post-IPO - Grab | Valuation |
investors |
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| Feb, 2021 | Amount | Post-IPO - Grab | Valuation |
investors |
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| Jan, 2021 | Amount | Post-IPO - Grab | Valuation |
investors |
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| Feb, 2021 | Amount | Post-IPO - Grab | Valuation |
investors |
Block Comparisons
Competitors of Block
| Company Name | Domain | Founded year | HQ Location | Description |
|---|---|---|---|---|
| domain | founded_year | HQ Location |
Multiple services are booked via an app-based platform.
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| domain | founded_year | HQ Location |
On-demand services are booked through an app-based platform.
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| domain | founded_year | HQ Location |
App based platform offering on demand delivery and ride-hailing services
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| domain | founded_year | HQ Location |
Operates an on-demand hyperlocal delivery app for food and groceries.
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Latest news on Block
Frequently Asked Questions about Block
When was Block founded?
Block was founded in 2009.
Where is Block located?
Block is headquartered in San Francisco, United States. It is registered at San Francisco, California, United States.
Who is the current CEO of Block?
Jack Dorsey is the current CEO of Block. They have also founded this company.
How many employees does Block have?
As of Dec 31, 2024, the latest employee count at Block is 11,370.
What is the annual revenue of Block?
Annual revenue of Block is $24.12B as on Dec 31, 2024.
What does Block do?
Technology solutions for economic empowerment are developed by Block. Focus is placed on financial technology through products like Square and Cash App, alongside buy-now-pay-later services via Afterpay. Music streaming is supported through TIDAL, while cryptocurrency solutions are offered via Bitkey. Innovation in technology prototypes is pursued with Proto. Various sectors, including payments and media, are addressed with accessible tools.
What products or services does Block offer?
Block offers Square, Cash App, Afterpay, TIDAL, and 2 more products and services.
Is Block publicly traded?
Yes, Block is publicly traded on NYSE under the ticker symbol XYZ.
What is Block's ticker symbol?
The ticker symbol of Block is XYZ on NYSE.
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