Block, Inc. (XYZ) closed fiscal year 2025 with a gross margin of 42.8 % and a net margin of 5.4 %.
Block, Inc. (XYZ) closed fiscal year 2025 with a gross margin of 42.8 % and a net margin of 5.4 %. The same year shows an EBITDA margin of 8.6 % and an EBIT margin of 7.1 %. The free cash flow margin was 10.0 %. Against the previous year the gross margin moved +6.0 pp and the net margin −6.6 pp. Across the period the gross margin ranges between 25.0 % in 2021 and 42.8 % in 2025. The series covers 12 fiscal years, from 2014 to 2025. Margins are expressed as a percentage of net revenue and are derived from the same figures as the income statement, taken from as-reported SEC EDGAR filings, with no restatements or adjustments of our own.
Fiscal year end: December
| 2014 | 2015 | 2016 | 2017 | 2018 | 2019 | 2020 | 2021 | 2022 | 2023 | 2024 | 2025 | |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Gross margin (%) | 26.59 % | 29.20 % | 33.71 % | 37.90 % | 39.53 % | 40.09 % | 28.78 % | 25.03 % | 34.18 % | 34.24 % | 36.85 % | 42.82 % |
| EBITDA margin (%) | -15.51 % | -11.59 % | -7.77 % | -0.76 % | 0.74 % | 2.17 % | 0.69 % | 1.68 % | -1.62 % | 0.59 % | 5.26 % | 8.59 % |
| EBIT margin (%) | -17.70 % | -13.77 % | -9.98 % | -2.45 % | -1.11 % | 0.56 % | -0.20 % | 0.91 % | -3.56 % | -1.27 % | 3.70 % | 7.06 % |
| Net margin (%) | -18.12 % | -14.19 % | -10.04 % | -2.84 % | -1.17 % | 7.97 % | 2.24 % | 0.94 % | -3.08 % | 0.04 % | 12.01 % | 5.40 % |
| FCF margin (%) | -16.60 % | -1.29 % | -0.13 % | 4.59 % | 7.09 % | 5.62 % | 0.37 % | 4.04 % | 0.03 % | -0.23 % | 6.44 % | 10.02 % |
