Block, Inc.
name
Block, Inc.
id
SQ
summary
Block, Inc. (formerly Square, Inc.) is a U.S. public company founded by Jack Dorsey and Jim McKelvey in 2009. It is a financial technology conglomerate, reportedly serving 56 million users and 4 million businesses, with an annual payment processing volume of US$228 billion as of 2023. Block's inaugural product, Square, launched in 2009, is a financial services platform for small and medium-sized businesses, enabling the use of smartphones or tablets as point-of-sale registers for processing credit card payments. Block’s portfolio also includes Cash App, a consumer-focused service introduced in 2013 offering peer-to-peer transactions and financial services; Afterpay, a buy now, pay later service; TBD, a decentralized platform targeting Bitcoin and decentralized finance; Bitkey, a self-custody Bitcoin hardware wallet; and Tidal, a subscription-based music streaming service.
founded
February 14, 2009
founders
Jack Dorsey, Jim McKelvey
headquarters
No headquarters
area_served
95 countries including United States, Canada, Australia, Japan, United Kingdom, Ireland, France, Spain
key_people
Jack Dorsey (Chairperson, principal executive officer), Jim McKelvey (Director)
products
Square (POS terminal and auxiliary equipment), Cash App (peer to peer money transfer app), Bitkey (self-custody Bitcoin hardware wallet)
services
Cash App, Square, Bitkey
revenue
US$21.92 billion (2023)
operating_income
−US$279 million (2023)
net_income
−US$9.8 million (2023)
total_assets
US$34.07 billion (2023)
total_equity
US$18.69 billion (2023)
owner
Jack Dorsey (10%)
number_of_employees
12,985 (2023)
subsidiaries
Weebly, Tidal (86.8%), Afterpay
website
block.xyz