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Block, Inc.

"Square, Inc." redirects here. Not to be confused with Square (video game company).

Block, Inc.
FormerlySquare, Inc. (2009–2021)
Company typePublic
ISINUS8522341036
Industry
List of industries
FoundedFebruary 14, 2009 (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)
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
[4][2][5][6][7][8][9]

Block, Inc. (formerly Square, Inc.[10]) is an American technology company offering financial services to consumers and sellers.[11][12][13] Founded in 2009 by Jack Dorsey, it is the U.S. market leader in point-of-sale systems.[14][15][16] As of 2023, Block serves 56 million users and 4 million sellers,[17][18] processing $228 billion in payments annually.[4]

Block's inaugural product Square, launched in 2009, is a point-of-sale system.[14] It allows businesses to accept card payments and manage operations, including bookings,[19] e-Commerce,[20] inventory,[21] payroll, shift scheduling,[22] banking, and obtaining business loans.[23] Additionally, Block's portfolio includes Cash App, a consumer-focused digital wallet introduced in 2013.[12][24] The wallet allows users to send, receive or save money,[25][26] access a debit card, invest in stocks and bitcoin,[27][28] apply for personal loans,[29] and file taxes.[30] Block also owns Afterpay, a buy now, pay later service;[31] Bitkey, a self-custody bitcoin wallet;[32][33] a bitcoin mining hardware business;[34][35] and Tidal, a music streaming service.[36]

  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. ^ "Quarterly report". sec.gov. August 1, 2024. p. 97. Retrieved November 17, 2024.
  4. ^ a b "Square, Inc. Annual Form 10-K (2023)". U.S. Securities and Exchange Commission. February 22, 2024.
  5. ^ "Square Inc. Co-Founder Tristan O'Tierney Dies at 35". Bloomberg News. March 2, 2019. Retrieved March 5, 2019.
  6. ^ "Wall Street Breakfast: Square, Match Group Ready For Market Debut". Seeking Alpha. November 19, 2015. Retrieved November 19, 2015.
  7. ^ "Inside Square's Massive New San Francisco Headquarters". Mashable. October 11, 2013. Retrieved June 10, 2015.
  8. ^ "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.
  9. ^ Jacob, Denny (April 22, 2022). "Block CEO Jack Dorsey's Title Now Block Head and Chairperson". The Wall Street Journal. Retrieved October 29, 2022.
  10. ^ Browning, Kellen (December 1, 2021). "Square, Jack Dorsey's payments company, changes its name to Block". The New York Times. Retrieved December 2, 2021.
  11. ^ Poritz, Isaiah (January 23, 2023). "Block Inc. Can Keep Using Name in H&R Block Trademark Spat". Bloomberg Law. Retrieved October 2, 2024.
  12. ^ a b Alfaro, Isabel Peña (March 2, 2023). "What is Cash App & How Does It Work?". Time. ISSN 0040-781X. Retrieved September 26, 2024.
  13. ^ Cite error: The named reference :27 was invoked but never defined (see the help page).
  14. ^ a b Cite error: The named reference :2 was invoked but never defined (see the help page).
  15. ^ Rivera, David (April 2, 2024). "21 Point-of-Sale Statistics to Know in 2024". Fit Small Business. Retrieved September 16, 2024.
  16. ^ Elliott, Jessica (May 27, 2024). "What Is a Point-of-Sale (POS) System?". www.uschamber.com. Retrieved September 16, 2024.
  17. ^ Coleman, Sara (April 10, 2024). "Square Credit Card Processing Review". usnews.com.
  18. ^ Sigalos, MacKenzie (February 22, 2024). "Block shares surge as much as 14% after company announces surprise profit". NBC Los Angeles. Retrieved February 23, 2024.
  19. ^ Clague, Casey; Ballard, Danielle (July 30, 2024). "Square pricing in 2024". CNN. Retrieved October 22, 2024.
  20. ^ McAlpine, Cat; Campbell, Sierra (October 4, 2024). "Square vs. Squarespace: Differences, Pros and Cons in 2024". USA TODAY. Retrieved October 22, 2024.
  21. ^ Uher, Amanda; Ballard, Danielle; Cother, Jason (October 3, 2024). "Square vs. Shopify: Which is best in 2024?". CNN. Retrieved October 22, 2024.
  22. ^ Cite error: The named reference :6 was invoked but never defined (see the help page).
  23. ^ Cite error: The named reference :7 was invoked but never defined (see the help page).
  24. ^ Cite error: The named reference :20 was invoked but never defined (see the help page).
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  26. ^ Cite error: The named reference :9 was invoked but never defined (see the help page).
  27. ^ Cite error: The named reference :10 was invoked but never defined (see the help page).
  28. ^ Cite error: The named reference :11 was invoked but never defined (see the help page).
  29. ^ Cite error: The named reference :13 was invoked but never defined (see the help page).
  30. ^ Cite error: The named reference :12 was invoked but never defined (see the help page).
  31. ^ Cite error: The named reference :14 was invoked but never defined (see the help page).
  32. ^ Sureban, BL Bengaluru Bureau & Haripriya (December 7, 2023). "Block Inc launches self-custody bitcoin wallet Bitkey in India". BusinessLine. Retrieved February 5, 2024.
  33. ^ "Jack Dorsey's Block opens up preorders for Bitcoin hardware wallet Bitkey in more than 95 countries". Fortune Crypto. Retrieved February 5, 2024.
  34. ^ Nishant, Niket (July 11, 2024). "Block investors need more to gauge crypto unit's earnings potential, analysts say". Reuters. Retrieved November 10, 2024.
  35. ^ Sigalos, MacKenzie (April 23, 2024). "Jack Dorsey's payments company, Block, is building its own bitcoin mining system". CNBC. Retrieved November 10, 2024.
  36. ^ Rosman, Katherine (March 4, 2021). "Square Acquires Tidal in $297 Million Deal". The New York Times. Retrieved October 30, 2023.


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