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Block, Inc. - SQ STOCK NEWS

Welcome to our dedicated page for Block news (Ticker: SQ), a resource for investors and traders seeking the latest updates and insights on Block stock.

Block, Inc., trading under the symbol SQ, is a leading financial technology company founded in 2009 and headquartered in San Francisco. The company is widely recognized for its innovative payment solutions that empower businesses and individuals alike. Block offers a comprehensive suite of services through its flagship platform, Square, which provides a complete point of sale system. This includes tools for accepting credit card payments, inventory tracking, and small business financing, enabling entrepreneurs to manage every aspect of their business operations efficiently.

In addition to its core services, Square has expanded its offerings with Square Order, an intuitive system for pre-ordering food and drinks for pickup. On the consumer side, the company launched Cash App, a peer-to-peer payment network that has revolutionized the way individuals send and receive money. This service has become a popular choice for quick and easy financial transactions.

Block's influence extends beyond the United States, with operations in Canada and Japan, and offices in strategic locations like New York, Atlanta, St. Louis, Kitchener-Waterloo, and Tokyo. In 2023, the company's payment volume surpassed $200 million, highlighting its significant impact on the financial services industry.

Block, Inc. continues to innovate and expand its service offerings, making it a pivotal player in the fintech space. Through strategic partnerships and a commitment to technological advancement, Block is poised for continued growth and success in the coming years.

News

Lawsuit Update Notice: Investors who lost money with Block, Inc. (NYSE: SQ) shares should contact the Shareholders Foundation

Rhea-AI Summary
Block, Inc. (NYSE: SQ) is facing a lawsuit from certain investors alleging violations of securities laws due to inadequate protocols restricting access to customer information. The lawsuit claims that a former employee was able to download sensitive reports, potentially leading to reputational harm and significant damage.
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Block Announces Fourth Quarter and Full Year 2023 Results

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Block, Inc. (NYSE: SQ) releases its fourth-quarter and full-year 2023 financial results, to be discussed in a conference call and earnings webcast. The results are available on the company's Investor Relations website and have been filed with the SEC.
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Annual Square Research Signals 2024 Will Be a Year of Long-Awaited Growth for Businesses

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Square's fourth annual Future of Commerce report reveals insights on how businesses are shifting and how consumers are responding, particularly amid further advancement in automation and generative AI. The report highlights the top of mind challenges for restaurants and retailers, emphasizing business expansion and automation to address staffing challenges. The collaboration with Wakefield Research surveyed thousands of business owners and consumers across the United States, Canada, the United Kingdom, and Australia, revealing cautiously optimistic sentiments among business owners despite diverging consumer economic sentiment. 100% of surveyed restaurateurs in the United States plan to expand their businesses in the next 12 months through offering new products or opening additional locations, with 79% reporting feeling more optimistic.
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Block Publishes First Commerce and Climate Survey and Announces Its Sustainable Banking Initiative, a $25M Investment Aimed at Promoting Sustainability Through Community Lending

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Research reveals that 68% of business owners are worried about the impact of rising interest rates on their businesses. Square Inc. (SQ) announces plans to launch a new financial services product to address these concerns.
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Block to Announce Fourth Quarter and Full Year 2023 Results

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Block, Inc. (NYSE: SQ) is set to release its financial results for Q4 and full year 2023 on February 22, 2024, followed by a conference call and earnings webcast. The company invites participation in the call and provides a link for registration. A replay will also be available on the Investor Relations website.
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Self-Custody Bitcoin Wallet Bitkey, Built by Block, Inc., Launches Globally, Widening Access to True Financial Ownership

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Block, Inc. (NYSE: SQ) launches Bitkey, a self-custody bitcoin wallet available in 95+ countries across six continents, providing an easy-to-use solution for people to truly own and manage their bitcoin safely. The wallet includes a mobile app, hardware device, and recovery tools, and is available for pre-orders at bitkey.world, with shipping starting in early 2024.
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Square and Afterpay Sellers Hit Record-Breaking Black Friday and Cyber Monday With 70M Transactions

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Square and Afterpay (SQ) set a new record with 70M transactions over the Black Friday and Cyber Monday weekend, up 14% from last year. Consumers displayed diverse shopping habits with a 15% increase in in-person shopping and online cart sizes 3.9X higher than in-person. Businesses leveraged omnichannel strategies by attracting buyers both in-person and online. Square data showed that restaurants experienced a 15% increase in transactions, while 23% more restaurants sent Black Friday and/or Cyber Monday discounts to promote their business. Beauty and wellness sellers also leaned into the shopping weekend, with 108% more sellers sending Black Friday and/or Cyber Monday discounts. The average discount offered was 22% across all channels, with 35% more sellers offering discounts over the weekend. Buy Now, Pay Later (BNPL) transactions through Afterpay increased 19%, and Square sellers saw their Afterpay transactions grow 47%. App usage for Afterpay was up 16%. All data presented are unaudited and subject to adjustment.
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Afterpay Partners with Rokt to Expand Ads Business and Offer Shoppers More Relevant Ecommerce Experiences

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Rokt Announces Partnership with Afterpay to Provide Highly Relevant Offers at Checkout, Enhancing Shopping Experience and Driving New Revenue
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Block Backs Indigenous Business Sector with AUD$3M Investment in First Australians

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Block, Inc. (NYSE: SQ) invests AUD$3 million in First Australians Capital (FAC) to support Indigenous businesses in Australia. This investment is part of Block's USD$100 million social impact investment fund, aiming to expand economic access for minority and underserved communities. The fund will help Indigenous entrepreneurs access capital solutions and critical scale-up support services, addressing the barriers they face from mainstream banks.
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Afterpay Inspires More Choice and Flexibility This Holiday Season

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Afterpay is offering consumers financial flexibility and unique deals through its evolved commerce platform, with a suite of flexible payment solutions that includes app exclusives, new brands, and in-person experiences. Consumers can access discounts of up to 80% and enter a $10k giveaway by shopping through the Afterpay app. Afterpay is also hosting gifting events in partnership with Caruso and launching a Black Friday pop-up activation at The Grove, as well as a Holiday HQ at Topanga Village in Los Angeles.
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FAQ

What is the current stock price of Block (SQ)?

The current stock price of Block (SQ) is $90.75 as of November 25, 2024.

What is the market cap of Block (SQ)?

The market cap of Block (SQ) is approximately 56.2B.

What does Block, Inc. do?

Block, Inc. provides innovative payment solutions and financial services for businesses and individuals through its Square platform and Cash App.

When was Block, Inc. founded?

Block, Inc. was founded in 2009.

Where is Block, Inc. headquartered?

Block, Inc. is headquartered in San Francisco, California.

What is Square?

Square is Block, Inc.'s comprehensive point of sale system that includes tools for accepting credit card payments, inventory tracking, and small business financing.

What is Cash App?

Cash App is a peer-to-peer payment network launched by Block, Inc. that allows individuals to send and receive money easily.

What is Square Order?

Square Order is a feature from Block, Inc. that allows customers to pre-order food and drinks for pickup.

In which countries is Block, Inc. currently available?

Block, Inc. operates in the United States, Canada, and Japan.

What was Block, Inc.'s payment volume in 2023?

In 2023, Block, Inc.'s payment volume was over $200 million.

Where are Block, Inc.'s offices located?

Block, Inc. has offices in San Francisco, New York, Atlanta, St. Louis, Kitchener-Waterloo, and Tokyo.

How does Block, Inc. support small businesses?

Block, Inc. supports small businesses through its Square platform, offering tools for credit card payments, inventory tracking, and financing.

Stock SQ logo
Block, Inc.

NYSE:SQ

SQ Rankings

#254 Ranked by Market Cap
N/A Ranked by Dividends

SQ Stock Data

56.22B
548.87M
0.79%
69.8%
1.31%
Software - Infrastructure
Services-prepackaged Software
Link
United States of America
OAKLAND