Block Q4 FY25: where the revenue came from and where it went
The whole income statement of Block for this quarter, as one diagram: what earned the revenue, and what it went on.
- Period
- Oct 1 – Dec 31, 2025
- Reported
- Feb 26, 2026
Revenue$6.25B
+4% year over year
Gross profit$2.87B
46% margin
Operating profit$0.49B
8% margin
Net profit$0.12B
2% margin
The numbers
| Item | Value | Share of revenue | Year over year |
|---|---|---|---|
| Revenue | 6.25 | 100% | +4% |
| US | 5.69 | 91% | +3% |
| Non US | 0.56 | 9% | +12% |
| Cost of revenue | −3.38 | 54% | |
| Gross profit | 2.87 | 46% margin | +8pp |
| R&D | −0.71 | 11% | −1pp |
| Sales & marketing | −0.62 | 10% | +1pp |
| G&A | −0.51 | 8% | −4pp |
| Other | −0.54 | 9% | +0pp |
| Operating profit | 0.49 | 8% margin | +8pp |
| Interest & other costs | −0.28 | ||
| Tax | −0.09 | ||
| Net profit | 0.12 | 2% margin | −30pp |
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