Block, Inc.

Block, Inc. is a prominent financial services and technology company founded in 2009 by Jack Dorsey, Jim McKelvey, and Tristan O'Tierney. Headquartered in San Francisco, California, Block has grown into a leader in providing innovative payment processing and digital financial solutions worldwide.

With over 11,000 employees and annual revenue approaching $21.9 billion in 2023, Block has established a comprehensive ecosystem that caters to small and medium-sized businesses through products like Square point-of-sale systems, Cash App digital wallets, and cutting-edge cryptocurrency technologies.

When Was Block, Inc. Established?

Founded: 2009
Founders: Jack Dorsey, Jim McKelvey, Tristan O'Tierney
Headquarters: San Francisco, California, USA
Industry: Financial Services and Technology
Number of Employees: 11,372
Annual Revenue: Approximately $21.9 billion in 2023

Block, Inc. Mission Statement

"Block builds technology for economic empowerment."

What Is Block, Inc. Known For?

Block, Inc. stands out in the fintech industry due to its diverse and innovative portfolio of products and services. Here are some of the key offerings and features that define the company’s market presence.

Square Point-of-Sale Systems

Square is one of Block’s flagship products, providing merchants with comprehensive point-of-sale solutions that simplify payment processing and business operations.

Cash App Digital Wallet

Cash App offers a popular digital wallet and peer-to-peer payment platform, enabling seamless money transfers and financial services for consumers and businesses.

Buy Now, Pay Later with Afterpay

Afterpay expands Block’s reach into flexible payment options, allowing shoppers to split purchases into installments, supporting e-commerce growth.

Innovative Cryptocurrency Products

Block leads in cryptocurrency innovation with products like Bitkey, a bitcoin hardware wallet, and Proto, a bitcoin mining system, illustrating its commitment to blockchain technology advancement.

Where Does Block, Inc. Operate?

Block, Inc. operates extensively across multiple regions, including the United States, Canada, Australia, the United Kingdom, France, Japan, the Republic of Ireland, and Spain. While headquartered in San Francisco, Block maintains additional international offices to support its global business model.

This broad geographical presence allows Block to serve a wide range of clients, from small businesses in Miami to enterprises worldwide, reinforcing its position as a financial technology leader.

How Does Block Generate Revenue?

Block's revenue model is diverse, encompassing transaction fees from its payment platforms, subscription services, hardware sales like POS terminals, and various financial services.

In 2023, the company generated approximately $21.9 billion in revenue, reflecting the strong demand for its integrated offerings.

Who Owns Block, Inc.?

Block, Inc. is a publicly traded company with ownership distributed among institutional investors, company insiders, and public shareholders. Its competitive strategy leverages innovation and a broad product portfolio to differentiate itself from rivals like PayPal and Stripe.

Is Block, Inc. Currently Hiring?

You can check out the open positions that Block, Inc. has right here on OysterLink.