Block, Inc.

This article is about the parent company. For the business-facing financial services it operates, see Square (financial services).
"Square, Inc." redirects here. For the video game company, see Square (video game company).

Block, Inc.
FormerlySquare, Inc. (2009–2021)
Company typePublic
ISINUS8522341036
Industry
List of industries
FoundedFebruary 14, 2009; 15 years ago (2009-02-14)
Founder
HeadquartersNo headquarters[2]: 16 
Area served
95 countries
  • U.S.
  • Argentina
  • Australia
  • Belgium
  • Canada
  • Finland
  • France
  • India
  • Italy
  • Japan
  • Luxembourg
  • Mexico
  • New Zealand
  • Nigeria
  • Republic of Ireland
  • Spain
  • The Netherlands
  • U.K. and others
Key people
Products
List of products
  • Square
  • Cash App
  • Afterpay
  • Bitkey
  • Bitcoin mining chip
  • Tidal
Services
List of services
RevenueIncrease US$21.92 billion (2023)
Negative increase −US$279 million (2023)
Negative increase −US$9.8 million (2023)
Total assetsIncrease US$34.07 billion (2023)
Total equityIncrease US$18.69 billion (2023)
OwnerJack Dorsey (10%)
MembersIncrease 56 million users (2023)
Number of employees
12,985 (2023)
Subsidiaries
List of subsidiaries
Websiteblock.xyz
Footnotes / references
[3][2][4][5][6][7][8]

Block, Inc. (formerly Square, Inc.[9]) is an American technology company offering financial services to consumers and businesses.[10][11][12] Founded in 2009 by Jack Dorsey, it leads the U.S. point-of-sale systems market.[13][14][15] As of 2023, Block serves 56 million users and 4 million businesses,[16][17] processing $228 billion in payments annually.[3]

Block's inaugural product Square, launched in 2009, is a point-of-sale system.[13] It allows businesses to accept card payments and manage operations, including bookings,[18] e-Commerce,[19] inventory,[20] payroll, shift scheduling,[21] banking, and obtaining business loans.[22] Additionally, Block's portfolio includes Cash App, a consumer-focused digital wallet service introduced in 2013.[11][23] This service allows users to send, receive or save money,[24][25] access a debit card, invest in stocks and bitcoin,[26][27] apply for personal loans,[28] and file taxes.[29] Block also owns Afterpay, a buy now, pay later service;[30] Bitkey, a self-custody bitcoin wallet service;[31][32] a bitcoin mining hardware business;[33][34] and Tidal, a music streaming service.[35]

  1. ^ Clifford, Catherine (May 21, 2020). "Twitter billionaire Jack Dorsey on giving away his money: 'If someone is in pain, I am in pain'". CNBC. Retrieved June 3, 2020.
  2. ^ a b "Square, Inc. Annual Form 10-K (2021)". U.S. Securities and Exchange Commission. February 26, 2022. Retrieved March 9, 2021.
  3. ^ a b "Square, Inc. Annual Form 10-K (2023)". U.S. Securities and Exchange Commission. February 22, 2024.
  4. ^ "Square Inc. Co-Founder Tristan O'Tierney Dies at 35". Bloomberg News. March 2, 2019. Retrieved March 5, 2019.
  5. ^ "Wall Street Breakfast: Square, Match Group Ready For Market Debut". Seeking Alpha. November 19, 2015. Retrieved November 19, 2015.
  6. ^ "Inside Square's Massive New San Francisco Headquarters". Mashable. October 11, 2013. Retrieved June 10, 2015.
  7. ^ "Bloomberg Billionaires Index: Jack Dorsey". bloomberg.com. Archived from the original on April 10, 2022. Retrieved July 24, 2022. Dorsey owns about 10% of Block, formerly known as Square, according to a February 2022 regulatory filing.
  8. ^ Jacob, Denny (April 22, 2022). "Block CEO Jack Dorsey's Title Now Block Head and Chairperson". The Wall Street Journal. Retrieved October 29, 2022.
  9. ^ Browning, Kellen (December 1, 2021). "Square, Jack Dorsey's payments company, changes its name to Block". The New York Times. Retrieved December 2, 2021.
  10. ^ Poritz, Isaiah (January 23, 2023). "Block Inc. Can Keep Using Name in H&R Block Trademark Spat". Bloomberg Law. Retrieved October 2, 2024.
  11. ^ a b Alfaro, Isabel Peña (March 2, 2023). "What is Cash App & How Does It Work?". Time. ISSN 0040-781X. Retrieved September 26, 2024.
  12. ^ Cite error: The named reference :27 was invoked but never defined (see the help page).
  13. ^ a b Cite error: The named reference :2 was invoked but never defined (see the help page).
  14. ^ Rivera, David (April 2, 2024). "21 Point-of-Sale Statistics to Know in 2024". Fit Small Business. Retrieved September 16, 2024.
  15. ^ Elliott, Jessica (May 27, 2024). "What Is a Point-of-Sale (POS) System?". www.uschamber.com. Retrieved September 16, 2024.
  16. ^ Coleman, Sara (April 10, 2024). "Square Credit Card Processing Review". usnews.com.
  17. ^ Sigalos, MacKenzie (February 22, 2024). "Block shares surge as much as 14% after company announces surprise profit". NBC Los Angeles. Retrieved February 23, 2024.
  18. ^ Clague, Casey; Ballard, Danielle (July 30, 2024). "Square pricing in 2024". CNN. Retrieved October 22, 2024.
  19. ^ McAlpine, Cat; Campbell, Sierra (October 4, 2024). "Square vs. Squarespace: Differences, Pros and Cons in 2024". USA TODAY. Retrieved October 22, 2024.
  20. ^ Uher, Amanda; Ballard, Danielle; Cother, Jason (October 3, 2024). "Square vs. Shopify: Which is best in 2024?". CNN. Retrieved October 22, 2024.
  21. ^ Cite error: The named reference :6 was invoked but never defined (see the help page).
  22. ^ Cite error: The named reference :7 was invoked but never defined (see the help page).
  23. ^ Cite error: The named reference :20 was invoked but never defined (see the help page).
  24. ^ Cite error: The named reference :8 was invoked but never defined (see the help page).
  25. ^ Cite error: The named reference :9 was invoked but never defined (see the help page).
  26. ^ Cite error: The named reference :10 was invoked but never defined (see the help page).
  27. ^ Cite error: The named reference :11 was invoked but never defined (see the help page).
  28. ^ Cite error: The named reference :13 was invoked but never defined (see the help page).
  29. ^ Cite error: The named reference :12 was invoked but never defined (see the help page).
  30. ^ Cite error: The named reference :14 was invoked but never defined (see the help page).
  31. ^ Sureban, BL Bengaluru Bureau & Haripriya (December 7, 2023). "Block Inc launches self-custody bitcoin wallet Bitkey in India". BusinessLine. Retrieved February 5, 2024.
  32. ^ "Jack Dorsey's Block opens up preorders for Bitcoin hardware wallet Bitkey in more than 95 countries". Fortune Crypto. Retrieved February 5, 2024.
  33. ^ Nishant, Niket (July 11, 2024). "Block investors need more to gauge crypto unit's earnings potential, analysts say". Reuters. Retrieved November 10, 2024.
  34. ^ Sigalos, MacKenzie (April 23, 2024). "Jack Dorsey's payments company, Block, is building its own bitcoin mining system". CNBC. Retrieved November 10, 2024.
  35. ^ Rosman, Katherine (March 4, 2021). "Square Acquires Tidal in $297 Million Deal". The New York Times. Retrieved October 30, 2023.