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Block Inc.Stock · TechnologyS&P 500 0.06%
$81.25+$4.10 (+5.31%)as of market close, Jul 27, 2026
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How Block makes money

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How does Block make money? This Sankey traces every dollar of revenue through the income statement — into cost of revenue, R&D, SG&A, and taxes — and shows what's left as profit. Pick any fiscal year, recent quarter, or the trailing twelve months. Straight from SEC filings.

Block Inc. · FY2025 · year ended 2025-12-31
Revenue$24.2BGross profit$10.4B · 43%Cost of revenue$13.8B · 57%Operating income$1.7B · 7%Operating expenses$8.7B · 36%R&D$2.9B · 12%SG&A$2.0B · 8%Selling & marketing$2.3B · 9%Other opex$1.5B · 6%Net income$1.3B · 5%Income tax$386M · 2%

Each fiscal year from SEC filings. Percentages are share of revenue, so the green profit nodes read directly as gross / operating / net margin. Line items a company doesn't break out are derived from their siblings so the flows balance; small residuals show as “Other.” For informational purposes only.