Block, Inc. management check
XYZ · Financials · Transaction & Payment Processing Services · CEO Jack Dorsey
Filings as of
3 good · 1 to watch · 1 flagged, across the seven questions below.
- Flag
Have owners done well?
Trailed its chosen peers$100 invested at the start of fiscal 2021 grew to $30, against $229 for the peer group the company picked itself.
- n/a
Does pay follow performance?
Not enough dataToo few years of pay and return figures to compare.
- Good
What does the CEO cost owners?
0.00% of net income$3 of reported pay in fiscal 2025, against $1.3bn of net income.
- n/a
Do they own the stock?
No recent CEO filingLight activity: no buys, $84.1m sold in six months. 124 of 124 sales ran on pre-arranged 10b5-1 plans.
- Watch
Are owners being diluted?
Share count growingDiluted shares changed +0.7% a year over the last three fiscal years. Stock-based pay was 5.0% of revenue in the latest year.
- Good
Is leadership stable?
9 leadership filings in 3 yearsCEO in the pay table: Jack Dorsey. 9 filings under 8-K item 5.02 (officers or directors leaving or joining, or new pay arrangements) in the last 3 years.
- Good
Are the books clean?
No red flags on fileNo restatements, auditor changes or late filings since 2021.
Against the S&P 500
Each check's score (0–100) and how it compares: the share of ranked S&P 500 companies it matches or beats, and the median in Financials.
| Check | Score | At or above | Sector median |
|---|---|---|---|
| Owner returns | 0 | 49 | |
| Pay for performance | — | — | 83 |
| CEO cost | 100 | 67 | |
| Skin in the game | — | — | 51 |
| Dilution | 41 | 69 | |
| Stable leadership | 80 | 80 | |
| Clean books | 100 | 100 |
Closest peers
Others in Transaction & Payment Processing Services, by management score. Block, Inc. is 45th of 72 in its sector.
- 107MAMastercard76
- 209CPAYCorpay68
- 250XYZBlock, Inc.64
- 273VVisa Inc.63
- 316GPNGlobal Payments60
- 359PYPLPayPal57
- 389FISVFiserv55
- 433JKHYJack Henry & Associates49
- 462FISFidelity National Information Services42
Pay versus performance
From the proxy statement filed April 24, 2026. "Actually paid" values stock awards at the share price, so it rises and falls with the stock.
| Fiscal year | CEO | CEO pay | Actually paid | Other executives (avg) | $100 became | Peers | Net income |
|---|---|---|---|---|---|---|---|
| 2025 | Jack Dorsey | $3 | $3 | $14.2m | $30 | $229 | $1.3bn |
| 2024 | Jack Dorsey | $3 | $3 | $13.6m | $39 | $179 | $2.9bn |
| 2023 | Jack Dorsey | $3 | $3 | $10.8m | $36 | $132 | $9.8m |
| 2022 | Jack Dorsey | $3 | $3 | $11.7m | $29 | $82 | −$540.7m |
| 2021 | Jack Dorsey | $3 | $3 | $9.6m | $74 | $126 | $166.3m |
Insiders and the CEO's stake
Light activity: no buys, $84.1m sold in six months. 124 of 124 sales ran on pre-arranged 10b5-1 plans.
- SoldAnthony Mathew EisenDirector · 10b5-1 plan$73.8mOct 22, 2026
- SoldBrian GrassadoniaEcosystem Lead · 10b5-1 plan$6.8mAug 24, 2026
- SoldAmrita AhujaCFO & COO · 10b5-1 plan$3.3mAug 24, 2026
- SoldOwen Britton JenningsBusiness Lead · 10b5-1 plan$288kAug 24, 2026
Leadership and governance on file
- Jun 5, 2026Leadership change8-K 5.02
- May 4, 2026Leadership change8-K 5.02
- Jan 23, 2026Leadership change8-K 5.02
- Aug 21, 2025Leadership change8-K 5.02
- Jun 20, 2025Leadership change8-K 5.02
- Feb 6, 2025Leadership change8-K 5.02
- Apr 15, 2024Leadership change8-K 5.02
- Feb 9, 2024Leadership change8-K 5.02
- Oct 27, 2023Leadership change8-K/A 5.02
- Sep 18, 2023Leadership change8-K 5.02
- Jul 27, 2023Leadership change8-K 5.02
- Jul 11, 2023Leadership change8-K 5.02
Latest shareholder vote results: Jun 18, 2026, including the say-on-pay vote.
Where the money went
Over 2021–2025: $3.7bn returned to owners in buybacks and dividends, 95% of net income, and $5.4bn of pay in stock.
| Fiscal year | 2021 | 2022 | 2023 | 2024 | 2025 |
|---|---|---|---|---|---|
| Revenue | $17.7bn | $17.5bn | $21.9bn | $24.1bn | $24.2bn |
| Net income | $166.3m | −$540.7m | $9.8m | $2.9bn | $1.3bn |
| Stock-based pay | $608.0m | $1.1bn | $1.3bn | $1.3bn | $1.2bn |
| Buybacks | $0 | $0 | $156.8m | $1.2bn | $2.3bn |
| Dividends | — | — | — | — | — |
| Diluted shares | 502m | 579m | 614m | 636m | 623m |
Educational only, not investment advice. Figures are as filed with the SEC: pay from the proxy's pay-versus-performance table, capital allocation from 10-K XBRL data, insider trades from Form 4s over the last six months, events from the last 5 years of filings. The peer group is the one the company chose. See the method.