Block Inc. (
SQ), formerly Square, is an online payments and financial services company. It develops hardware and software to aid businesses operations, including point-of-sale hardware, payments processing and analytics software, a business debit card called Square Card, and a peer-to-peer payment service called Cash App. The
company generates revenue through two reported segments: Cash App and Seller, the latter of which includes a variety of managed payment services, software, hardware, and other financial services. Block generated net income of $213 million and revenue of $9.5 billion in 2020.
- The top shareholders of Block are Jack Dorsey, Morgan Stanley, Vanguard Group, BlackRock, T. Rowe Price.
- Jack Dorsey, the company's CEO, owns 12.7%.
- The top five institutional investors own roughly 34% of the company.