Articles from Block, Inc.

Today Block, Inc. (NYSEXYZ) announced that Anthony Eisen, Co-Founder of Afterpay and CEO of Reshop, has joined its Board of Directors.

Block, Inc. (NYSESQ) announced today that it will be changing its ticker symbols from “SQ” and “SQ2” to “XYZ”. This is in connection with the company’s earlier name change to “Block” and its ecosystem of brands including Cash App, Square, Afterpay and TIDAL. The change will be implemented across the company’s dual listings on the New York Stock Exchange (NYSE) and the Australian Securities Exchange (ASX). Effective January 21, 2025, the company’s Class A common stock will trade on the NYSE under the new symbol “XYZ”. Effective January 22, 2025, the company’s ticker code on the ASX will also change to “XYZ”.

Today, Square announced a new partnership with Sysco, a leading global foodservice distributor, along with a number of new features to help food and beverage sellers run their businesses with ease.

Over the Black Friday and Cyber Monday weekend, sellers using Block’s ecosystem of commerce tools broke records with 144 million Block consumer transactions globally, a 17% increase from last year.* With over 1 in 3 shoppers more stressed about holiday shopping this year compared to last, customers all around the world turned out in droves for the mega discounting weekend to save on gifts, shopping both online and in-store and driving increased sales on these channels by 21% and 17%, respectively. View the detailed look at Block’s Black Friday, Cyber Monday 2024 results here.

With the holiday season right around the corner, retailers are gearing up for the rush and restaurants are preparing to serve up festive, cozy meals. Amid all the excitement, one of the most cherished traditions of the season is picking out the perfect Christmas tree to adorn your home.

Bitkey, the self-custody wallet built by Block, Inc. (NYSESQ), announced today the launch of an inheritance feature for customers around the world that will start to roll out next month, and will be available to all Bitkey customers in January 2025. While people who hold the keys to their bitcoin have full control of their money, today’s solutions don’t offer a simple way to pass their bitcoin on to the next generation. Today, those who self-custody their bitcoin need to glue together multiple products, ask beneficiaries to remember long passwords, or leave complicated instructions that beneficiaries may or may not be able to follow. Now, Bitkey is introducing a safe and easy way for customers to make sure their bitcoin moves seamlessly into the hands of their loved ones. Access to Bitkey’s inheritance plan will be initially included with the purchase of every Bitkey hardware device — including existing Bitkey customers — and it will make it possible for the funds held in a Bitkey wallet to be transferred to a designated beneficiary after the passing of a Bitkey owner.

Today, Square released the latest edition of its Quarterly Restaurant Report, which uses data across Square’s food and beverage sellers to examine dining trends, along with shifts in consumer spending and restaurant wages.

Block, Inc. (NYSESQ) has posted its results for the third quarter of 2024 on the Financials section of its Investor Relations website at investors.block.xyz and filed these results with the Securities and Exchange Commission.

Block, Inc. (NYSESQ) will release financial results for the third quarter of 2024 on Thursday, November 7, 2024, after market close. Block will also host a conference call and earnings webcast at 2:00 p.m. Pacific Time/5:00 p.m. Eastern Time on the same day to discuss these results. To register to participate in the conference call, or to listen to the live audio webcast, please visit the Events & Presentations section of Block’s Investor Relations website at investors.block.xyz. A replay will be available at the same website following the call.

Square today announced new partner integrations to give sellers a wider selection of tools that enable them to grow and succeed, alongside a new distribution partnership with SalonCentric that brings Square’s hardware and software offerings to more beauty professionals. Additionally, Square has rolled out a number of new features and product enhancements designed to help beauty and wellness sellers increase sales, provide clients with improved personalization, and more effectively manage back-office operations.

Starting today, Cash App and Lyft are partnering to give digital-first consumers more flexibility when taking a ride. This partnership puts the convenience and accessibility of paying with Cash App Pay front and center, focusing on the preferences of the next generation of customers.

Today, Square announced the winners for its second edition of Square 50, an annual awards program dedicated to championing businesses that are changing the entrepreneurial game. The full Square 50 class of 2024 can be seen here, and honorees for this year’s Square 50 include:

In the third quarter of 2024, Square completed a significant infrastructure shift, creating a best-in-class commerce platform with leading payments and ordering capabilities for sellers. The new platform fundamentally changes how the company builds products and will provide expanded commerce capabilities like Pre-Auth and Bar Tabs to sellers of all sizes across verticals in the U.S.

Since the pandemic, major metropolitans have changed due to factors like the ‘Great Reshuffle,’ remote and hybrid work, and rises in cost of living, among others. While most downtowns haven’t returned to pre-pandemic levels of economic activity, new Square data shows neighborhoods and suburbs outside of dense city centers are thriving, helping fuel local economies.

Square Financial Services, a Utah state-chartered industrial bank and an independently governed subsidiary of Block, Inc., today opened applications for the 24 Squared grant initiative in partnership with the Community Foundation of Utah (CFU). Building on the success of the 22 Squared grant initiative in 2022, the program will award microgrants of at least $2,400 to 24 501(c)(3) nonprofit organizations focused on community development initiatives throughout Utah.

Today, Square released the latest edition of its Quarterly Restaurant Report, which uses data across Square’s food and beverage sellers to examine dining trends, along with shifts in consumer spending and restaurant wages.

Block, Inc. (NYSESQ) has posted its results for the second quarter of 2024 on the Financials section of its Investor Relations website at investors.block.xyz and filed these results with the Securities and Exchange Commission.

Today, Square announced a new collaboration with US Foods, a leading foodservice distributor in the United States. For over a decade, hundreds of thousands of food and beverage businesses have relied on Square to power their operations. As the foodservice industry evolves and competitive pressures increase, this collaboration with US Foods will accelerate restaurants’ ability to adopt Square’s truly differentiated technology designed to help them grow and succeed.

Today, Cash App announces its integration with Google Play, giving consumers a preferred alternative payment option when checking out on their Android smartphones or tablets. This partnership represents an opportunity to engage with a broad range of consumers, particularly in the gaming space.

Block, Inc. [NYSE: SQ], a global technology company with a focus on financial services, and Core Scientific [Nasdaq: CORZ], one of the largest owners and operators of high-powered digital infrastructure for bitcoin mining and hosting services in North America, today announced an agreement to supply Core Scientific with Block’s new 3 nanometer (3nm) mining ASICs, built by the Proto team, representing approximately 15 EH/s (exahashes per second) of hashrate. The agreement provides the option for additional, significant volume and is one of the industry’s largest bitcoin mining ASIC agreements announced, in terms of hashrate.

Block, Inc. (NYSESQ) will release financial results for the second quarter of 2024 on Thursday, August 1, 2024, after market close. Block will also host a conference call and earnings webcast at 2:00 p.m. Pacific Time/5:00 p.m. Eastern Time on the same day to discuss these results. To register to participate in the conference call, or to listen to the live audio webcast, please visit the Events & Presentations section of Block’s Investor Relations website at investors.block.xyz. A replay will be available at the same website following the call.

Afterpay, a leader in Buy Now, Pay Later (BNPL), has conducted research with Morning Consult revealing Americans are more financially stressed today than a year ago, with more than half (51%) of Americans feeling financially squeezed. As a result, BNPL was considered by 4 in 5 users as an effective solution to alleviating financial stress, especially among Millennials and Gen Zs who are preparing for a pivotal or large life change this summer.

A new survey by Square analyzes the relationship between clients and their hair stylist, uncovering that 1 in 3 of consumers are in an ‘open relationship’ with their provider. The survey highlights the key factors that can either make or break long-lasting client loyalty in the beauty and personal care industry.

Afterpay, a leader in Buy Now, Pay Later (BNPL), announces a batch of new brands that will be available for consumers to pay in installments this summer. U.S. shoppers will be able to choose Afterpay at checkout to shop from Curology, Helzberg Diamonds, Journeys, Rawlings Sporting Goods, and Zenni Optical.

Today, Square 50 returns for a second year to recognize businesses around the globe that are reaching the latest milestones within their operations. New this year, Square 50 is now accepting nominations from customers, fans, community members, and businesses themselves to find the best of the best for this year’s 50 select businesses.

Today, Square announced several new platform integrations for food and beverage (F&B) businesses that include SevenRooms, Restaurant365, and Popmenu, among others, and revealed new partnerships with Performance Foodservice and a number of state restaurant associations. The company also launched new machine learning-powered app recommendations to improve how sellers discover connected products, and revealed new growth metrics around Square’s extensive ecosystem of third-party tools.

Amidst challenging economic times, younger consumers made up the largest segment of those shopping small and medium sized businesses (SMBs) through Afterpay over the past year. While all generations showed a strong intent to support more SMBs in Q1 2024, Gen Z spend increased the most, up +11% year-over-year.2

Today, Square unveiled Square Kiosk, a fully integrated software, hardware, and payments solution that enables self-serve ordering for quick-service restaurants. Designed with fast-moving and fast-growing restaurants in mind, Square Kiosk empowers guests to customize and place orders through its sleek and intuitive design, an easy-to-use interface, and embedded contactless and chip payment technology. It also untethers restaurant staff from the counter, freeing them to focus on other tasks. Square Kiosk is the latest technology from Square as it continues to invest in its hardware and software portfolio and expand its food and beverage offerings.

Block, Inc. (“Block”) (NYSESQ) today announced the pricing of $2.0 billion principal amount of its 6.50% senior notes due 2032 (the “Notes”) in a private placement to persons reasonably believed to be qualified institutional buyers pursuant to Rule 144A under the Securities Act of 1933, as amended (the “Act”) and outside the United States to non-U.S. persons pursuant to Regulation S under the Act. The aggregate principal amount of the offering was increased from the previously announced offering size of $1.5 billion. The sale of the Notes is expected to settle on May 9, 2024, subject to customary closing conditions. Interest on the Notes will be payable in cash semi-annually in arrears, beginning on November 15, 2024.

Block, Inc. (“Block”) (NYSESQ) today announced its intention to offer, subject to market conditions and other factors, approximately $1.5 billion aggregate principal amount of senior notes (the “Notes”) in a private placement to persons reasonably believed to be qualified institutional buyers pursuant to Rule 144A under the Securities Act of 1933, as amended (the “Act”) and outside the United States to non-U.S. persons pursuant to Regulation S under the Act.

Block, Inc. (NYSESQ) has posted its results for the first quarter of 2024 on the Financials section of its Investor Relations website at investors.block.xyz and filed these results with the Securities and Exchange Commission.

Offline payments, Square’s no-connection-required solution to deliver continuous commerce connectivity, is now available to Square sellers using every hardware device, and in every country. Whether in a remote location or facing a technology disruption, now nearly every Square seller can continue to operate business-as-usual and keep sales flowing.

Block, Inc. (NYSESQ) will release financial results for the first quarter of 2024 on Thursday, May 2, 2024, after market close. Block will also host a conference call and earnings webcast at 2:00 p.m. Pacific Time/5:00 p.m. Eastern Time on the same day to discuss these results. To register to participate in the conference call, or to listen to the live audio webcast, please visit the Events & Presentations section of Block’s Investor Relations website at investors.block.xyz. A replay will be available at the same website following the call.

Today, Afterpay announced a slate of new merchant partnerships, empowering younger consumers to spend within their means through Afterpay’s flexible financial platform. For purchases big or small, consumers can now select Afterpay at checkout to spread their payments out in installments at Diane von Furstenberg, Diggs, For Eyes, HanesBrands, Kendra Scott, Made In Cookware, Molekule, Myka, Namawell, Oak & Luna, Poly & Bark, Shop Premium Outlets, Tornado Bus Company, and many more.

Bitkey, the self-custody bitcoin wallet built by the Proto team at Block, Inc. (NYSESQ), has started shipping its first hardware devices to customers' homes this week and people can now truly own and manage their bitcoin easily and safely. After opening pre-orders, the team has continued working on finishing additional security and recovery features while putting the final touches to the new Bitkey app, which is now available for download in the Apple App Store and Google Play Store. People in 90+ countries who want to take control of their bitcoin can now order Bitkey’s hardware device for delivery, which comes with the Bitkey app and a set of recovery tools.

Block, Inc. (NYSESQ) has posted its results for the fourth quarter and full year of 2023 on the Financials section of its Investor Relations website at investors.block.xyz and filed these results with the Securities and Exchange Commission.

Today, Square released the latest edition of its quarterly Restaurant Industry Report, which uses data across Square’s food and beverage sellers to examine dining trends, along with shifts in both consumer spending and restaurant wages.

Today, Square released its fourth annual Future of Commerce report, a comprehensive analysis on how business owners and consumers are considering the evolution of the restaurants, retail, and beauty industries. The report offers insights on how these businesses are shifting – and how consumers are responding – particularly amid further advancement in automation and generative AI.

Today, Square released its fourth annual Future of Commerce report, with comprehensive analysis on how business owners and consumers are considering the evolution of the restaurants, retail, and beauty industries. The report offers insights on how these businesses are shifting – and how consumers are responding – particularly amid further advancement in automation and generative AI.

Today Block, Inc. (NYSESQ) announced the Sustainable Banking Initiative, a $25 million investment into helping decarbonize the economy and promote sustainability through community lending, alongside the company’s first Commerce and Climate Survey. Through deposits into Amalgamated Bank, National Cooperative Bank, and Community Bank of the Bay’s Bay Area Green Fund, Block’s $25 million commitment directly connects to the company’s purpose of economic empowerment and founding mission to help support the needs of small businesses.

Block, Inc. (NYSESQ) will release financial results for the fourth quarter and full year of 2023 on Thursday, February 22, 2024, after market close. Block will also host a conference call and earnings webcast at 2:00 p.m. Pacific Time/5:00 p.m. Eastern Time on the same day to discuss these results. To register to participate in the conference call, or to listen to the live audio webcast, please visit the Events & Presentations section of Block’s Investor Relations website at investors.block.xyz. A replay will be available at the same website following the call.

Bitkey, the self-custody bitcoin wallet built by Block, Inc. (NYSESQ), launched today in more than 95 countries across six continents, widening access to self-custody and empowering people around the world to truly own and manage their bitcoin easily and safely. Today, the vast majority of the millions of bitcoin owners1 keep their bitcoin in the custodial platforms or exchanges where they bought it, leaving them under the control of the custodian. Accessing self-custody solutions where people can truly own the keys to their bitcoin still often relies on a complex set of devices or long passwords that people need to remember to be able to recover their money in case of loss.

Over the Black Friday and Cyber Monday weekend, millions of Square and Afterpay sellers across the world set a new record with 70M transactions, up 14% from last year. Consumers continued to display diverse shopping habits as in-person shopping increased 15%, while online cart sizes were 3.9X higher than in-person, reinforcing the need for sellers to optimize their omnichannel strategy for the remainder of the holiday season. Similarly, 9% more businesses leveraged the power of omnichannel by attracting buyers both in-person and online. All year-over-year data compares the Black Friday through Cyber Monday weekend of 2022 to 2023, and can also be viewed here.

Today, Square released the latest edition of its quarterly Restaurant Industry Report, which uses data across Square’s food and beverage sellers to examine dining trends and shifts in both consumer spending and restaurant wages.

Today, technology company Square announced that it will be powering quick-service restaurant JARS, a fast-growing franchise concept from celebrity chef Fabio Viviani. Square has been serving hundreds of thousands of food and beverage businesses for more than a decade, and its suite of offerings for restaurants allows operators to grow and streamline their businesses. JARS currently has locations in Illinois, Texas, and California with more than 100 additional locations set to open across the country.

Block, Inc. (NYSESQ) has posted its results for the third quarter of 2023 on the Financials section of its Investor Relations website at investors.block.xyz and filed these results with the Securities and Exchange Commission.

Today TIDAL is introducing TIDAL Collabs, a new product that saves artists time and energy by helping them discover and connect with recommended collaborators. TIDAL Collabs gives artists a go-to place to jumpstart the collaboration process — whether it’s for their next guest verse, a live opener, or an inspiring addition to their creative community. The new, free product will be available on TIDAL Artist Home, TIDAL’s platform for artists to grow their careers.

Today, Afterpay released a report focused on the Economic Impact of Buy Now, Pay Later (BNPL) in the U.S. conducted by Oxford Economics, which highlights the benefits of BNPL on consumers, merchants, and the overall U.S. economy. The research shows that when considering things like reduced costs along with increased sales for merchants, the overall benefit of BNPL reported by retailers amounts to be $5.6 billion in the 12 months leading up to August 2023. Additionally, the report reveals that two in five American consumers use BNPL services, with Afterpay being the most trusted BNPL offering among those who had tried it.

Today, Square announced 10 new generative AI features that sellers can use now to automate operations, speed up workflows, and regain time. These tools are directly integrated into Square’s powerful business software and provide the company’s millions of sellers with an extra set of hands to help them juggle the multifaceted demands that come with running a business.

Today, Square is announcing its inaugural awards, The Square 50, dedicated to honoring businesses that are changing the entrepreneurial game. The Square 50 features sellers like breakfast spot Biscuit Love in the US, poke restaurant Fishbowl in Australia, stationery retailer Kakimori in Japan, and brewery and tasting room Backcountry Brewing in Canada. The full Square 50 class of 2023 can be seen here!

Block, Inc. (NYSESQ) will release financial results for the third quarter of 2023 on Thursday, November 2, 2023, after market close. Block will also host a conference call and earnings webcast at 2:00 p.m. Pacific Time/5:00 p.m. Eastern Time on the same day to discuss these results. To register to participate in the conference call, or to listen to the live audio webcast, please visit the Events & Presentations section of Block’s Investor Relations website at investors.block.xyz. A replay will be available at the same website following the call.

Today, Square unveiled the Square Payroll Index, a new economic indicator that uses data from Square’s labor management and payroll processing solution to provide the latest information about wage growth in the retail and restaurant industries. The Square Payroll Index is designed to allow anyone, from business owners to policymakers and media, to track wages and earnings trends nationally and at the metropolitan level.

After a year of uncertainty driven by inflation and recession concerns, new research from Square and Afterpay indicates positive consumer confidence heading into the holiday season, with 34% of consumers planning to spend more. To capitalize on this optimistic consumer outlook, 71% of sellers expect sales to increase this festive season as they lean into new commerce plays to meet consumers where they are shopping.

Square today launched Tap to Pay on Android for sellers across Canada. The new technology enables businesses to securely accept credit card contactless payments with a compatible Android device, at no additional cost.

Today, Square announced a new suite of solutions designed to give sellers a competitive edge this holiday selling period. With new features including Square Online’s Themes and Square for Retail’s AI-generated product descriptions, Square sellers can now further enhance their customer engagement across more channels and access additional automated tools to set them up for a successful holiday sales season.

Today, technology company Square announced a partnership with Jane Technologies (“Jane”), the premier online ordering platform service for cannabis dispensaries, solidifying plans to cater to cannabis sellers in Canada.

Today, Square launched Square Go, a consumer booking app that provides an end-to-end booking experience so consumers can search, discover, and schedule with highly-rated independent service providers in their area. The Square Go mobile app also increases seller visibility, helping beauty and personal care professionals grow and retain their customer base.

Block, Inc. (NYSESQ) has posted its results for the second quarter of 2023 on the Financials section of its Investor Relations website at investors.block.xyz and filed these results with the Securities and Exchange Commission.

Today Block, Inc. (NYSESQ) announced that Neha Narula, Director of the Digital Currency Initiative at the MIT Media Lab, has joined its Board of Directors.

Today, Square unveiled its first-ever Gen Z Entrepreneur Report, revealing how Gen Z entrepreneurs view success, what challenges they face, and what the future holds. For the full findings of the report, you can view here.

Block, Inc. (NYSESQ) will release financial results for the second quarter of 2023 on Thursday, August 3, 2023, after market close. Block will also host a conference call and earnings webcast at 2:00 p.m. Pacific Time/5:00 p.m. Eastern Time on the same day to discuss these results. To register to participate in the conference call, or to listen to the live audio webcast, please visit the Events & Presentations section of Block’s Investor Relations website at investors.block.xyz. A replay will be available at the same website following the call.

Square today announced the beta launch of new banking and spend management solutions for its U.S. sellers, including new credit tools and features that help businesses simplify their cash flow management and consolidate their finances.

Square:

Today, technology company Square announced new growth metrics and products for Square for Restaurants, its suite of offerings for restaurants and food and beverage businesses. The company has served hundreds of thousands of food and beverage businesses over the past decade and has grown upmarket over the last year as it continues to build products to help restaurateurs streamline and grow their businesses.

Block, Inc. (NYSESQ) has posted its results for the first quarter of 2023 on the Financials section of its Investor Relations website at investors.block.xyz and filed these results with the Securities and Exchange Commission.

Square today launched Tap to Pay on Android for sellers across the U.S., Australia, Ireland, France, Spain, and the United Kingdom. The new technology empowers sellers to securely accept contactless payments with a compatible Android device, and at no additional cost.

Today, Square unveiled an integrated spring product release, introducing a bevy of new features across our entire product ecosystem to unlock growth and create resilience for any type and size of business.

Block, Inc. (NYSESQ) will release financial results for the first quarter of 2023 on Thursday, May 4, 2023, after market close. Block will also host a conference call and earnings webcast at 2:00 p.m. Pacific Time/5:00 p.m. Eastern Time on the same day to discuss these results. To register to participate in the conference call, or to listen to the live audio webcast, please visit the Events & Presentations section of Block’s Investor Relations website at investors.block.xyz. A replay will be available at the same website following the call.

We intend to work with the SEC and explore legal action against Hindenburg Research for the factually inaccurate and misleading report they shared about our Cash App business today.

Block, Inc. (NYSESQ) has posted its results for the fourth quarter and full year of 2022 on the Financials section of its Investor Relations website at investors.block.xyz and filed these results with the Securities and Exchange Commission.

The leader in “Buy Now Pay Later” (BNPL) payments, Afterpay (NYSESQ), unveils all-access experiences for its consumers as the title sponsor of New York Fashion Week: The Shows. As in previous seasons, Afterpay continues to break down barriers by opening access to the front row of what’s next in fashion, while supporting the next generation of creators and celebrating the industry’s power to create positive change.

TIDAL, the global music and entertainment platform, and Universal Music Group (UMG), the world leader in music-based entertainment, today announced that the two companies will work together to explore an innovative new economic model for music streaming that might better reward the value provided by artists and more closely reflect the engagement of TIDAL subscribers with those artists and music they love.

Today, Square released its third annual “Future of Commerce” report, a comprehensive analysis of business owners’ and consumers’ attitudes on the evolution of retail and restaurants. The report examines how these businesses are shifting as they consider what’s worked, what hasn’t, and how to prepare for the future.

Block, Inc. (NYSESQ) will release financial results for the fourth quarter and full year of 2022 on Thursday, February 23, 2023, after market close. Block will also host a conference call and earnings webcast at 2:00 p.m. Pacific Time/5:00 p.m. Eastern Time on the same day to discuss these results. To register to participate in the conference call, or to listen to the live audio webcast, please visit the Events & Presentations section of Block’s Investor Relations website at investors.block.xyz. A replay will be available at the same website following the call.

Over the Black Friday and Cyber Monday weekend, Square and Afterpay sellers saw more than 61M transactions as consumers globally kicked off the holiday shopping season. For a detailed look, view our complete Black Friday / Cyber Monday Results. Square and Afterpay’s Festive Forecast report indicated that nearly 80% of consumers intend to spend the same if not more compared to last year, signaling that sellers should continue to prepare for buyer demand during the holidays.