Skip to Content

Block Inc Class A - Stock Quote SQ

Rating as of

Morningstar's Block Inc Class A Stock Analysis

Valuation
Currency in USD
Is it the right time to buy or sell?
Find out with Morningstar Premium
Is it the right time to buy or sell?
Find out with Morningstar Premium

1-Star Price

PREMIUM

5-Star Price

PREMIUM

Economic Moat

PREMIUM

Capital Allocation

PREMIUM

Block Maintains Underlying Growth in Q1

Brett Horn, CFA Senior Equity Analyst

Analyst Note

| Brett Horn, CFA |

Narrow-moat Block continues to see strong underlying growth across its segments. Reported revenue declined year over year because of a fall-off in Bitcoin revenue (which is effectively a pass-through item, in our view). However, excluding Bitcoin revenue and the Afterpay acquisition, overall net revenue increased 36% year over year. While we remain impressed by Block's growth, we also remain concerned about the lack of traction on the bottom line. We will maintain our $124 fair value estimate, but would reiterate our very high uncertainty rating.

Read Full Analysis

Block Inc Class A's Company Profile

Business Description

Founded in 2009, Block provides payment acquiring services to merchants, along with related services. The company also launched Cash App, a person-to-person payment network. Block has operations in Canada, Japan, Australia, and the United Kingdom; about 5% of revenue is generated outside the U.S.

Contact
1455 Market Street, Suite 600
San Francisco, CA, 94103
T +1 415 375-3176
Sector Technology
Industry Software - Infrastructure
Most Recent Earnings Mar 31, 2022
Fiscal Year End Dec 31, 2020
Stock Type Speculative Growth
Employees 8,521

Block Inc Class A's Related Articles & News