Flagship explainer

How Block, Inc. makes its money

Start with a dollar of revenue and follow what the filing says remains.

revenueBranching filed flows with values and percentages directly labeled. Missing filing concepts are omitted rather than estimated.Revenue$24.2B · 100%Cost of revenue$13.8B · 57%Gross profit$10.4B · 43%Operating income$1.7B · 7%Income before tax$1.7B · 7%Income tax$386M · 2%Net income$1.3B · 5%As of 2025-12-31 · 1 SEC filing sourceBuy Like Buffett · buylikebuffett.com

Honest partial: the filing did not provide a normalized tag for Research and development, Selling, general and administrative; those components are omitted, not plugged.

Table alternative
Filed lineValue% of revenueSource
$24.2B100%
Cost of revenue$13.8B57%
$10.4B43%
$1.7B7%
Income before tax$1.7B7%
Income tax$386M2%
$1.3B5%
Source: · event Dec 31, 2025 · retrieved Sep 19, 2026 · annual-row source set
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