Block, Inc.
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.
Former headquarters in the Mid-Market neighborhood of San Francisco | |
| Formerly | Square, Inc. (2009–2021) |
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| Company type | Public |
Traded as | |
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| Founded | February 14, 2009 in St. Louis, Missouri, U.S. |
| Founder |
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| Headquarters | No headquarters: 16 |
Area served | 95 countries including United States, Canada, Australia, Japan, United Kingdom, Ireland, France, Spain |
Key people |
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| Products | Square (POS terminal and auxiliary equipment), Cash App (peer to peer money transfer app), Bitkey (self-custody Bitcoin hardware wallet) |
| Services | |
| Revenue | US$21.92 billion (2023) |
| −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) |
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| Website | block |
| Footnotes / references | |
Block's inaugural product Square, launched in 2009, is a financial services platform for small and medium-sized businesses. Square enables the use of smartphones or tablets as point-of-sale registers for processing credit card payments, and facilitates operations such as customer bookings, e-Commerce, inventory, payroll, shift schedules, banking, and borrowing business loans. Additionally, Block’s portfolio includes Cash App, a consumer-focused service introduced in 2013. This app offers peer-to-peer transactions, direct deposits, a savings account, a debit card, investing in stocks and Bitcoin, a tax filing service, and personal loans. Block also owns 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.