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Block, Inc. is a United States–based company operating in the technology sector, within the digital financial-services and payments industry.
The company specializes in financial platforms, transaction processing, merchant-management tools, digital banking services and solutions designed for both businesses and consumers.
Block was founded in 2009 by Jack Dorsey and Jim McKelvey, driven by the need to provide simple and accessible payment technology for small businesses lacking traditional acquiring solutions.
Block’s portfolio includes the Square ecosystem:
- offering payment terminals, point-of-sale software, business-management solutions, merchant lending and integrated financial services;
- Cash App, a consumer-focused financial platform for money transfers, digital banking, cards, investments and cryptocurrency transactions;
- and Spiral and TIDAL, which support open-source blockchain development and creator-focused services.
The company also invests in decentralized financial infrastructure and blockchain-related initiatives.
Its global operations extend across North America, Europe, Japan, Australia and selected international markets, supported by digital platforms that serve millions of consumers and merchants.
The operational structure includes payment-technology engineering teams, financial-product units, compliance and regulatory functions, cybersecurity, risk-management capabilities and development groups for emerging financial solutions.
Market factors affecting Block include competition in digital payments, financial regulation, interest-rate cycles, growth of e-commerce, mobile-technology adoption, cryptocurrency-market dynamics and evolving consumer and small-business financial behavior.
Block, Inc. is listed on the New York Stock Exchange (NYSE) under the ticker SQ.
History and when Block, Inc. was founded
Block, Inc. was founded in 2009 in San Francisco by Jack Dorsey and Jim McKelvey, originally focused on enabling small merchants to accept card payments through a compact card-reader device.
This innovation formed the basis of the Square ecosystem, which rapidly expanded into a full suite of financial and operational tools for businesses.
Throughout the 2010s, the company broadened its capabilities with point-of-sale software, merchant-credit solutions, business-management tools and international expansion. In 2013, it launched Cash App, which grew into one of the leading consumer-finance digital platforms in the United States.
The company completed its IPO in 2015, increasing its capacity for technological investment and global growth. In 2021, the company rebranded from Square, Inc. to Block, Inc., reflecting its broader strategic scope, including initiatives in blockchain, music services and decentralized financial infrastructure.
From 2020 to 2024, Block strengthened its small-business product suite, expanded Cash App’s capabilities, advanced cryptocurrency-related initiatives, enhanced risk-management and compliance systems and progressed toward integrating financial-service ecosystems for both merchants and consumers.
Additional Information
The Company Block Inc (United States), is listed on Nasdaq with a market cap of $ 53.57 Billions, having an equity of $ 19.91 Billions.
The Company is listedthe in the sector of Others and categorized in industry of Others.
In the last 12 months the Company had a revenue of $ 23.86 Billions, which generated a profit in the amount of $ 1.13 Billion.
As for its main indicators, the Company has a P/E ratio of 47.44, a P/BV ratio of 2.69 and in the last 12 months the Company did not pay dividends.
The Company is traded internationally through the ticker SQ.
