Block, Inc. (SQ)
| Market Cap | 47.46B |
| Revenue (ttm) | 20.79B |
| Net Income (ttm) | -282.12M |
| Shares Out | 613.53M |
| EPS (ttm) | -0.46 |
| PE Ratio | n/a |
| Forward PE | 26.06 |
| Dividend | n/a |
| Ex-Dividend Date | n/a |
| Volume | 8,139,673 |
| Open | 79.32 |
| Previous Close | 79.51 |
| Day's Range | 76.86 - 79.77 |
| 52-Week Range | 38.85 - 89.97 |
| Beta | 2.52 |
| Analysts | Buy |
| Price Target | 76.94 (-0.53%) |
| Earnings Date | Feb 22, 2024 |
About SQ
Block, Inc. operates as a technology company with a focus on financial services. It builds tools to help people in accessing the economy. Its products include Square that makes commerce and financial services easy and accessible for sellers with its integrated ecosystem of technology solutions; Cash App to send, spend, or invest money in stocks or bitcoin; Afterpay for connecting consumers and businesses; TIDAL; and TBD that is building an open source platform and developer infrastructure which enables everyone to access and participate in the ... [Read more]
Financial Performance
Financial StatementsAnalyst Forecast
According to 36 analysts, the average rating for SQ stock is "Buy." The 12-month stock price forecast is $76.94, which is a decrease of -0.53% from the latest price.
News
Buy Now, Pay Later platforms report consumer spend of $64.9B
"The popularity of ""Buy Now, Pay Later"" services has boomed, with spending through companies like Affirm (AFRM) and PayPal (PYPL) reaching $64.9 billion through November per Adobe Analytics data. Th...
SumUp, a rival to Jack Dorsey's Block, defies fintech funding slump with $307 million cash injection
Payments startup SumUp, known for its tiny card readers, announced it has raised $306.6 million in a round valuing the company north of $8.6 billion.
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Block Debuts Self-Custody Bitcoin Wallet Bitkey
Block has launched its self-custody bitcoin wallet Bitkey in 95 countries. The new wallet, announced Thursday (Dec. 7) is designed to widen access to self-custody and comes amid a resurgence in the pr...
Tidal is cutting 10% of its staff as parent company Block seeks to reduce headcount
Music streaming service Tidal is laying off more than 10% of its staff, the company confirmed to TechCrunch. The move comes as the Tidal's parent company, Jack Dorsey's Block, recently told investors ...
Self-Custody Bitcoin Wallet Bitkey, Built by Block, Inc., Launches Globally, Widening Access to True Financial Ownership
DISTRIBUTED-WORK-MODEL/OAKLAND, Calif.--(BUSINESS WIRE)--Bitkey, the self-custody bitcoin wallet built by Block, Inc. (NYSE: SQ), launched today in more than 95 countries across six continents, wideni...
Buy now, pay later stocks are a hot holiday item
Online shoppers spent a record $9.8 billion on Black Friday. Over the next two days, ‘Cyber Weekend', they spent an additional $10.3 billion.
Here's your e-commerce stock bundle for the holidays
The 2023 holiday shopping season has arrived, and more consumers will be doing their shopping online. While nearly every store now has an online presence with omnichannel capabilities, certain stocks ...
Afterpay Partners with Rokt to Expand Ads Business and Offer Shoppers More Relevant Ecommerce Experiences
NEW YORK, Nov. 16, 2023 /PRNewswire/ -- Rokt , the leading ecommerce technology company using machine learning and AI to make transactions more relevant to each shopper, today announced its partnersh...
Block proves it's the triple threat fintech stock to own
When Square changed its name to Block Inc. NYSE: SQ in 2021, it did so to reflect a new beginning as the company grew beyond just being a payment processor. The company embarked on developing multiple...
Block Backs Indigenous Business Sector with AUD$3M Investment in First Australians
MELBOURNE--(BUSINESS WIRE)--Indigenous businesses across Australia that face barriers to finance and services from mainstream banks are set to benefit from a new fund being set up by First Australians...
Jack Dorsey's payments company Block to slash headcount as much as 10%: report
Block, which powers the point-of-sale software -- and seemingly ubiquitous request for tips -- seen on many iPad checkout screens told staffers this week that as many as 10% are going to be laid off.
Block's Stock Price Is Down 80%. Enter CEO Jack Dorsey.
The payments company is under pressure. Jack Dorsey, the often-distant CEO, says he is stepping back into the ring.
Block Shares Surge 11% on Smaller-Than-Expected Loss, Cash App Growth, Optimistic Guidance
Block Inc. (SQ) shares surged 11% Friday after the fintech company posted a smaller-than-expected loss for the third quarter and raised its full-year guidance, thanks to strong revenue and user growth...
Block CFO on blowout Q3 as top and bottom lines beat estimates
Amrita Ahuja, Block CFO, joins 'Squawk on the Street' to discuss what's allowed Block to guide as they have, how artificial intelligence is being used as a tool for Block, and why the stock has fallen...
PayPal and Block Results Show Business Lending Activity Tightening
Earnings season, moving into its final few weeks, may seemingly be dominated by headlines about consumer spending. But dig a bit deeper, and details emerge as to state of business financing — specific...
Cramer's Mad Dash: Block
CNBC's Jim Cramer delivers his daily Mad Dash.
Block shares surge after Q3 earnings, Bitcoin revenue up 37% YoY
Block, Inc. shares rose sharply on Thursday during after hours trading as the company's third-quarter earnings beat analyst estimates. Having closed at $43.98 on Thursday, the stock price rose 18% in ...
Block Jumps on 'Turning Point' for Efficiency. It Joins PayPal in Payment Stocks Rally.
Block stock was surging early on Friday after the company unveiled targets for more efficient growth. The move echoes a similar boost for PayPal as sentiment looks to be shifting around payment stocks...
Apple stock drops on poor China sales as Block shares surge after fintech sets out 2024 forecast
Shares of Block Inc. SQ, +7.37% soared 18% after the Jack Dorsey-backed parent of fintech company Square set its sights on 2024 adjusted EBITDA of $2.4 billion, far outpacing analyst expectations arou...
Block Wants to Win With AI, Merchant Verticals and Banking
The return of Jack Dorsey to Square has been good news for its parent, Block. As PYMNTS reported, former Square CEO Alyssa Henry departed the company last month on Oct. 2, with Dorsey assuming her rol...
Block earnings top estimates, issues upbeat guidance.
Block (SQ) reported third-quarter results that topped Wall Street estimates on both the top and bottom lines. The fintech company reported adjusted earnings of $0.55 per share compared to estimates of...
Block shares surge after earnings beat and strong Square, Cash App growth
There was particularly strong growth in Block's payment platform, Cash App, and its point-of-sale suite, Square.
Block makes progress on profits and sets big earnings goal, sending stock higher
Block Inc. reported better-than-expected adjusted profit Thursday for its most recent quarter and set a big target for a 2024 earnings metric that vastly exceeded the consensus view.