- Business
- Block, Inc. Block, Inc. (Ticker: 0L95.L) operates as a financial technology company providing commerce ecosystems and financial services to consumers and merchants worldwide. Founded in 2009 and headquartered in Oakland, California, the company offers Square, a point-of-sale platform enabling card payments, bookings, e-commerce, inventory management, payroll, banking, and business loans; Cash App, a digital wallet for peer-to-peer payments, stock and bitcoin investments, debit cards, direct deposits, borrowing, and tax filing; Afterpay, a buy now pay later service processing payments in installments; Bitkey, a self-custody bitcoin hardware wallet available in over 95 countries; Proto, a bitcoin mining system including custom three-nanometer chips supplied to partners like Core Scientific; and Tidal, an artist-focused high-definition music streaming service. Block serves 57 million Cash App users and 4 million Square sellers across the United States, Australia, Canada, the United Kingdom, and other international markets including France, Japan, Ireland, Spain, Nigeria, Argentina, and Mexico; it processes over $240 billion in annual payments as the U.S. market leader in point-of-sale systems. Recent developments include partnerships with Grubhub and Bambu Dessert Drinks to enhance restaurant operations and payments in 2025; launches of Square Handheld device, next-generation point-of-sale app, and expanded banking services for cash flow management; plans to roll out bitcoin payments on Square; a multi-year financial outlook projecting 30% annual adjusted operating income growth to $4.6 billion by 2028; addition to the S&P 500 in July 2025; and strategic refinements such as scaling back Tidal investments, winding down TBD, and focusing resources on bitcoin initiatives amid workforce adjustments.