- Business
- Block, Inc. (NYSE:XYZ, ASX:XYZ.AX) operates as a financial technology company providing payment, commerce, and banking solutions to merchants and consumers worldwide; its core ecosystem includes Square, a point-of-sale platform offering hardware such as readers, terminals, and registers alongside software for payments, inventory management, payroll, bookings, e-commerce, lending, and banking services; Cash App, a digital wallet enabling peer-to-peer transfers, debit cards, stock and bitcoin investments, borrowing, direct deposits, and tax filing; Afterpay, a buy-now-pay-later service processing installment payments; Bitkey, a self-custody bitcoin wallet; Proto, a bitcoin mining system with custom three-nanometer chips; and Tidal, a music streaming platform. Founded in 2009 by Jack Dorsey and Jim McKelvey and headquartered in Oakland, California, the company serves 57 million users and 4 million sellers across the United States, Australia, Canada, the United Kingdom, and other regions, processing over $240 billion in annual payments. Recent developments encompass an expanded $9 billion equity buyback authorization in November 2025, a three-year outlook projecting mid-teens gross profit growth to $15.8 billion by 2028 with accelerated product launches including Cash App Afterpay retroactive buy-now-pay-later and Proto bitcoin mining rollout in late 2025, next-generation Square POS app and handheld restaurant devices in April 2025, expanded banking services for sellers, a leadership reshuffle promoting Afterpay's Nick Molnar to head of sales in 2024, addition to the S&P 500 in July 2025, and a ticker change from SQ to XYZ in January 2025.