Stock

Block

XYZ

Software - Infrastructure · Technology

Also trades as: XYZ.AX AUD 111.89 (+1.02%) · 0L95.L GBP 0.77 (-3.09%)

Price

$76.46

-2.56 (-3.24%)

Market Cap

$45.94B

Winston Score

Winston is curious

Mixed quality — meaningful strengths and weaknesses.

Data as of Oct 25, 2026 · filings through Jun 30, 2026

§How the score breaks down

Quality

Mixed

13/30

Growth

Mixed

5/20

Cash Flow

Exceptional

9/10

Stability

Strong

8/10

Valuation

Good

5/10

Ownership

Good

10/15

Dividends

Not counted

n/a

50 of 95 counted points = Winston Score 53. Pillars marked n/a do not apply to this company and are left out of the total.

Track this stock — start free trial

Share count rising — dilution

+24.1% over 4y

The company has issued more shares over this period, which dilutes each existing shareholder’s stake.

Diluted shares outstanding: 501.8M (2021) → 622.8M (2025)

§Winston Score History

The full picture

Block, Inc. builds financial tools for two main groups: small businesses and everyday people. Its Square products help shops and restaurants accept card payments, track sales, and manage payroll. Its Cash App lets regular people send money, spend with a debit card, buy stocks, and trade Bitcoin.

Block makes money by taking a small cut of every payment processed through Square, charging businesses for software subscriptions, and earning fees and interest through Cash App's financial services. The company operates mainly in the United States, with a growing presence in Canada, Australia, and the UK. Its large base of interconnected Square sellers and Cash App users creates a network that is hard for smaller rivals to replicate. The biggest risk Block faces is that a large portion of its gross profit depends on Cash App's Bitcoin trading activity, which swings sharply with cryptocurrency prices and could hurt results during prolonged crypto downturns.

Growth Profile

For growth stock investors

When traditional metrics don't capture the full picture, these are the signals growth stock investors use instead.

Revenue Growth

+9.3% YoY

YoY Growth Rate

Slow revenue growth

Reported EPS Growth

-83.0% YoY

Quarterly reporting periods ended:

30 Jun 2025: $0.88

30 Jun 2026: $0.15

Reported/statutory EPS, not adjusted or underlying earnings. One-off items can affect this figure. Provider rounding can affect the growth rate.

YoY Growth Rate

Reported EPS decreased year over year

R&D Spend

$2.9B/ year

→ Flat (-0% vs prior year)

12.0% of revenue

In line with sector average (15%)

Steady R&D investment year-over-year

Insider Activity

10.9%ownership

→ Flat

Insider ownership roughly steady over the past year

Cash Position

Cash flow positive

$13.1B cash & investments

Quarterly Free Cash Flow

↑ Burn rate improving

Company generates more cash than it spends — no dilution risk from fundraising

Growth context

Block is growing revenue at 9% year-over-year. The Winston Score measures business quality today — these growth metrics show what could matter tomorrow.

The Winston Score above measures business quality today. Growth stocks often score lower because they invest in the future rather than maximising current profits. These metrics show what matters most for evaluating that future.

Score breakdown

Every number that matters to educated investors.

Each metric is explained in plain language so you know exactly what you're looking at. Start your free trial now.

Quality

Profit per sale

Gross Margin

47.8%

Healthy — 47.8% gross margin

Profit after running costs

Operating Margin

6.7%

Modest — 6.7% operating margin

Return on the money invested

ROCE

8.7%

Below par — 8.7% return on capital

ROIC between 5% and 15%. They earn 5 to 15 cents back per year on every dollar invested.

Full breakdown available with your free trial

See every metric, trend, and what it means for this stock.

Try free

Growth

Sales growth

Sales YoY

+5.1%

Slow sales growth (+5.1% YoY)

Profit growth

EPS YoY

-88.1%

Earnings shrinking (-88.1% YoY)

Earnings per share down more than 10%. Either a bad year, or a real decline.

How steady the profit is

EPS Consistency

4/8 quarters

Earnings inconsistent quarter-to-quarter

Full breakdown available with your free trial

See every metric, trend, and what it means for this stock.

Try free

Cash Flow

Profit that turns into cash

Cash Conversion

1136%

Turns 1136% of profit into real cash

Spare cash per sale

FCF Margin

15.5%

Converts sales into free cash efficiently (15.5%)

FCF margin between 10% and 20%. Every $100 in sales becomes $10 to $20 in real cash.

Full breakdown available with your free trial

See every metric, trend, and what it means for this stock.

Try free

Stability

What it owes vs what it owns

Debt / Equity

0.33

Conservative — low debt load (0.33)

Covers its interest

Interest Cover

12.89x

Comfortably covers interest (12.9x)

Interest coverage above 8. Profits cover interest many times over.

Full breakdown available with your free trial

See every metric, trend, and what it means for this stock.

Try free

Valuation

Price vs profit

P/E Ratio (TTM)

134.1x

Expensive — P/E 134.1

P/E over 35. The market is pricing in heavy, sustained growth.

Cheaper or dearer next year

P/E vs Forward

+122.1

GROWING

Earnings expected to grow meaningfully — cheaper on forward P/E (134.1 → 12.0)

Full breakdown available with your free trial

See every metric, trend, and what it means for this stock.

Try free

Dividends

Not applicable for this business.

🔒 See full fundamentals and if they are improving or declining — click here for your free trial now.

Start free trial