Full-Time
Payments, financial services, and crypto ecosystem
$156.2k - $234.2k/yr
Seattle, WA, USA
In Person
Bachelor's
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Block builds a broad financial services ecosystem. Its Square product handles point-of-sale and payment processing for small businesses. Cash App lets people transfer money, invest in stocks and Bitcoin, and use a customizable debit card. Block also owns TIDAL and develops Bitcoin tools (Spiral) and a hardware wallet to expand use and security. The goal is to provide an integrated platform for payments, consumer finance, digital currencies, and services like music streaming.
Company Size
10,001+
Company Stage
IPO
Headquarters
Oakland, California
Founded
2009
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Remote Work Options
Health Insurance
Flexible Work Hours
Family Planning Benefits
Block CFO Amrita Ahuja sold 8,971 shares of the company for approximately $770,000 on 5 August 2026, according to an SEC filing. The transaction was executed under a Rule 10b5-1 trading plan established in March 2026, indicating routine portfolio management rather than trading on non-public information. Following the sale, Ahuja retains 454,275 shares, representing a 0.0763% ownership stake in the company. The shares were sold at a weighted average price of $85.85. Block develops payment processing technology for merchants, offering hardware and software solutions for card transactions, analytics, and fund settlement. The company reported revenue of $25 billion and net income of $357 million for the trailing twelve months. As of 6 August 2026, Block's market capitalisation stood at $47 billion.
Another tough quarter for Fiserv may lead to product changes. Fiserv signals product shifts and service reviews following a 21% earnings drop, potentially impacting merchant payment and financing tools. Curated by Financing Your Way from original reporting by American Banker - Top News. Summary is AI-assisted and editorially reviewed - see its editorial standards. Fiserv is reconsidering its product lineup following a difficult quarter marked by a 21% drop in earnings per share. For retailers and operators, this is a signal that one of the world's largest payment and fintech processors is under pressure to pivot. The company's core banking sector saw a notable decline in revenue, which often leads to shifts in how they support merchant services and consumer credit programs. When a major player like Fiserv reevaluates its offerings, it usually means two things for the merchant: potential service disruptions as legacy products are sunset, or new opportunities as they launch more aggressive digital-first financing tools to regain market share. If you use Fiserv-backed systems or Clover, pay close attention to updates regarding payment terms and integrated financing options. The company is specifically looking to streamline its operations, which might mean a push toward more standardized, automated lending and payment solutions. While the internal earnings look bleak for Fiserv, the resulting 'product changes' they are hinting at will likely focus on high-growth areas like integrated Buy Now, Pay Later (BNPL) and streamlined checkout experiences to keep merchants from jumping to competitors like Block or Adyen. Now is a good time to audit your current processing fees and ensure you aren't tied to a legacy product that might lose support in the coming year. Who else is covering this
Bitcoin gross profit fell 31% at Block as Cash App cut fees. August 6, 2026 Updated:August 7, 2026 No Comments 4 Mins Read Block's Bitcoin Ecosystem gross revenue fell 31% 12 months over 12 months to $72 million within the second quarter, making it the one class within the firm's three-part gross-profit breakdown to contract whereas Block's whole gross revenue rose 25% to $3.166 billion. Commerce Enablement gross revenue rose 18%, whereas Monetary Options gross revenue elevated 43%. Associated Studying Bitcoin advocate Jack Dorsey desires to slash 50% of Block's workforce in AI-era overhaul. The cuts take Block from 10,000+ staff to beneath 6,000, whereas filings mission $450M-$500M in restructuring fees. Feb 27, 2026 · Liam 'Akiba' Wright Bitcoin income held up higher than revenue. Bitcoin Ecosystem income fell about 13% to $1.894 billion from $2.172 billion a 12 months earlier, in response to Block's Q2 shareholder letter. Primarily based on the submitting's actual income and value figures, the class's implied gross margin narrowed to about 3.82% from 4.84%, a compression of roughly 102 foundation factors. That equates to about $38.20 of gross revenue per $1,000 of income, down from $48.40 a 12 months earlier. In greenback phrases, income declined roughly $278 million whereas gross revenue fell about $33 million. Block stated the gross-profit decline mirrored two components: "a strategic determination" to scale back the payment charged on sure Money App bitcoin transactions and bitcoin buying and selling dynamics. The corporate didn't quantify both issue's contribution, so the complete 31% drop can't be assigned to pricing alone. Money App individually introduced on Feb. 9 that it was reducing transaction charges and eradicating charges and spreads completely for bitcoin buys over $2,000. Block's Q2 submitting referred extra broadly to decrease charges on "sure" transactions, so the $2,000 supply can't be handled as your complete affected transaction set. The February announcement gave no finish date. Associated Studying Bitcoin all of the issues - Sq. funds supply 0% bitcoin transaction payment. Block turned on BTC funds throughout its service provider community. Right here's how that would ripple by way of spreads, Lightning, and on-ramp demand. Nov 12, 2025 · Gino Matos Block reported 59 million general Money App month-to-month transacting actives in June, however that metric doesn't present what number of prospects purchased bitcoin. The submitting provided no Bitcoin-specific transaction quantity, consumer rely, or adoption elevate. Bitcoin Ecosystem income additionally declined, however income alone doesn't reveal whether or not transaction counts modified or whether or not increased exercise offset decrease charges. With out Bitcoin transaction counts, payment income per commerce, or Bitcoin-user totals, the submitting can not present whether or not a bigger buying and selling base absorbed the decrease take fee. CryptoSlate Day by day Temporary Day by day indicators, zero noise. Market-moving headlines and context delivered each morning in a single tight learn. 5-minute digest 100k+ readers Free. No spam. Unsubscribe any time. Whoops, appears like there was an issue. Please strive once more. You're subscribed. Welcome aboard. Block additionally recorded an $88.474 million bitcoin remeasurement loss, in contrast with a $212.165 million acquire a 12 months earlier. That $300.639 million swing was a non-operating fair-value impact recorded individually from Bitcoin Ecosystem income, prices, and gross revenue. Combining the remeasurement swing with the class consequence would overstate the working injury. The 31% gross-profit decline measures weaker economics inside Block's Bitcoin class, whereas the remeasurement loss displays a change within the worth of bitcoin held on the corporate's steadiness sheet. Associated Studying Block reviews $2.43 billion in Bitcoin income since July from $63 billion whole Money App inflows. Gross fee quantity of Block's Money App rises 10% YoY, underpinned by Bitcoin income surge Nov 3, 2023 · Liam 'Akiba' Wright Block disclosed the margin squeeze however not an exercise acquire from the payment cuts. Buying and selling dynamics additionally contributed, leaving the impression of the pricing change unquantified.
Bitcoin gross profit fell 31% at Block as Cash App cut fees. Block's Bitcoin Ecosystem gross profit fell 31% year over year to $72 million in the second quarter, making it the only category in the company's three-part gross-profit breakdown to contract while Block's total gross profit rose 25% to $3.166 billion. Commerce Enablement gross profit rose 18%, while Financial Solutions gross profit increased 43%. Related Reading Bitcoin advocate Jack Dorsey wants to slash 50% of Block's workforce in AI-era overhaul. The cuts take Block from 10,000+ employees to under 6,000, while filings project $450M-$500M in restructuring charges. Feb 27, 2026 · Liam 'Akiba' Wright Bitcoin revenue held up better than profit. Bitcoin Ecosystem revenue fell about 13% to $1.894 billion from $2.172 billion a year earlier, according to Block's Q2 shareholder letter. Based on the filing's exact revenue and cost figures, the category's implied gross margin narrowed to about 3.82% from 4.84%, a compression of roughly 102 basis points. That equates to about $38.20 of gross profit per $1,000 of revenue, down from $48.40 a year earlier. In dollar terms, revenue declined roughly $278 million while gross profit fell about $33 million. Block said the gross-profit decline reflected two factors: "a strategic decision" to reduce the fee charged on certain Cash App bitcoin transactions and bitcoin trading dynamics. The company did not quantify either factor's contribution, so the full 31% drop cannot be assigned to pricing alone. Cash App separately announced on Feb. 9 that it was lowering transaction fees and removing fees and spreads entirely for bitcoin buys over $2,000. Block's Q2 filing referred more broadly to lower fees on "certain" transactions, so the $2,000 offer cannot be treated as the entire affected transaction set. The February announcement gave no end date. Related Reading Bitcoin all the things - Square payments offer 0% bitcoin transaction fee. Block turned on BTC payments across its merchant network. Here's how that could ripple through spreads, Lightning, and on-ramp demand. Nov 12, 2025 · Gino Matos Block reported 59 million overall Cash App monthly transacting actives in June, but that metric does not show how many customers bought bitcoin. The filing supplied no Bitcoin-specific transaction volume, user count, or adoption lift. Bitcoin Ecosystem revenue also declined, but revenue alone does not reveal whether transaction counts changed or whether higher activity offset lower fees. Without Bitcoin transaction counts, fee revenue per trade, or Bitcoin-user totals, the filing cannot show whether a larger trading base absorbed the lower take rate. CryptoSlate Daily Brief Daily signals, zero noise. Market-moving headlines and context delivered every morning in one tight read. 5-minute digest 100k+ readers Free. No spam. Unsubscribe any time. Whoops, looks like there was a problem. Please try again. You're subscribed. Welcome aboard. Block also recorded an $88.474 million bitcoin remeasurement loss, compared with a $212.165 million gain a year earlier. That $300.639 million swing was a non-operating fair-value effect recorded separately from Bitcoin Ecosystem revenue, costs, and gross profit. Combining the remeasurement swing with the category result would overstate the operating damage. The 31% gross-profit decline measures weaker economics inside Block's Bitcoin category, while the remeasurement loss reflects a change in the value of bitcoin held on the company's balance sheet. Related Reading Block reports $2.43 billion in Bitcoin revenue since July from $63 billion total Cash App inflows. Gross payment volume of Block's Cash App rises 10% YoY, underpinned by Bitcoin revenue surge Nov 3, 2023 · Liam 'Akiba' Wright Block disclosed the margin squeeze but not an activity gain from the fee cuts. Trading dynamics also contributed, leaving the impact of the pricing change unquantified.
Block Q2 Bitcoin gross profit falls 31% on lower Cash App fees. * Block said its second-quarter Bitcoin business revenue and gross profit fell 13% and 31%, respectively. * Block said the decline was driven by lower Cash App Bitcoin transaction fees, a slowdown in Bitcoin trading, and unrealized losses on its Bitcoin holdings. * Block said it holds 9,032 Bitcoin, while overall gross profit rose 25%, prompting it to raise its full-year gross profit forecast. Jack Dorsey-led fintech company Block reported a 31% decline in second-quarter gross profit from its Bitcoin business as lower transaction fees and weaker trading volume weighed on results. According to The Block on August 5, revenue from Block's Bitcoin business fell 13% to $1.89 billion in the second quarter from $2.17 billion a year earlier. Gross profit dropped to $72 million from $105 million over the same period. Block said the decline was mainly due to a strategic decision to cut some Bitcoin transaction fees on Cash App and a broader slowdown in Bitcoin trading this year. Cash App accounted for $1.81 billion of the Bitcoin business's revenue in the quarter. The company's results were also hit by losses on its Bitcoin holdings. Block recorded an $88.5 million unrealized loss in the second quarter as the value of its Bitcoin fell, compared with an unrealized gain of $212.2 million a year earlier. As of May, Block held 9,032 Bitcoin on its corporate balance sheet. That was up 35 Bitcoin from 8,997 Bitcoin at the end of the first quarter and was worth about $586 million at current prices. Block's overall business performance improved. Second-quarter gross profit rose 25% from a year earlier to $3.17 billion, and the company raised its full-year gross profit forecast to $12.51 billion on growth in its Cash App and Square businesses. Block also said it added support for USD Coin, or USDC, to Cash App in the second quarter, allowing users to send and make payments with the stablecoin across multiple blockchains. #Earnings Release Disclaimer: The market is risky, and investment needs to be cautious. This article does not constitute investment advice. Users should consider whether any opinions, views, or conclusions in this article are in line with their specific circumstances. Investment based on this is at their own risk.