Block (XYZ) Invested Capital (2015 - 2026)
Block (XYZ) recorded Invested Capital of $28.34 billion in Q2 2026, up 4.1% from $27.23 billion a year earlier but down 2.2% from the prior quarter.
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Analysis
Block (XYZ) Invested Capital (2015 - 2026) Analysis & Trends
For FY2025, Block reported Invested Capital of $29.49 billion, up 7.9% from FY2024.
- Annual Invested Capital has increased for ten straight years, with a five-year compound annual growth rate of 38.8% (FY2020 to FY2025).
- Across earlier years, Invested Capital came in at $27.34 billion in FY2024 (+16.0%), $23.57 billion in FY2023 (+8.0%), $21.82 billion in FY2022 (+160.7%) and $8.37 billion in FY2021 (+46.0%).
- Quarterly Invested Capital has ranged from $8.37 billion in Q4 2021 to $29.79 billion in Q3 2025 over the past five years.
- On a year-over-year basis, Invested Capital has increased for 28 consecutive quarters, with growth averaging 11.4% over the last eight quarters.
- Across the past five years, year-over-year growth in Invested Capital ran from 0.3% in Q1 2023 to 265.4% in Q1 2022.
- Per Business Quant, the preceding three quarters came in at $28.97 billion (Q1 2026), $29.49 billion (Q4 2025) and $29.79 billion (Q3 2025).
Peer Set
Peer Comparison
| # | Company | Market Cap | Enterprise Value | Gross Profit (Qtr) | Invested Cap. (Qtr) |
|---|---|---|---|---|---|
| 1 | Coinbase Global | 48.27 Bn | 5.08 Bn | - | 19.56 Bn |
| 2 | PayPal Holdings | 45.51 Bn | 3.74 Bn | - | 33.22 Bn |
| 3 | Block | 44.67 Bn | 15.93 Bn | 3.17 Bn | 28.34 Bn |
| 4 | Iren | 31.78 Bn | 19.37 Bn | 103.89 Mn | 11.78 Bn |
| 5 | Corpay | 25.91 Bn | 16.11 Bn | - | 11.99 Bn |
| 6 | Fiserv | 23.59 Bn | 20.29 Bn | 2.90 Bn | 54.81 Bn |
| 7 | Global Payments | 20.83 Bn | -735.18 Mn | 2.03 Bn | 46.39 Bn |
| 8 | Bitmine Immersion Technologies | 15.23 Bn | 12.61 Bn | 40.81 Mn | - |
| 9 | Guidewire Software | 12.47 Bn | 9.03 Bn | 269.68 Mn | 1.87 Bn |
| 10 | Hut 8 | 11.04 Bn | 10.88 Bn | 48.04 Mn | 9.39 Bn |
Historic Data
Download Data
Historic Data
| Date | Value |
|---|---|
| Jun 30, 2026 | 28.34 Bn |
| Mar 31, 2026 | 28.97 Bn |
| Dec 31, 2025 | 29.49 Bn |
| Sep 30, 2025 | 29.79 Bn |
| Jun 30, 2025 | 27.23 Bn |
| Mar 31, 2025 | 26.54 Bn |
| Dec 31, 2024 | 27.34 Bn |
| Sep 30, 2024 | 26.01 Bn |
| Jun 30, 2024 | 25.39 Bn |
| Mar 31, 2024 | 23.09 Bn |
| Dec 31, 2023 | 23.57 Bn |
| Sep 30, 2023 | 22.11 Bn |
| Jun 30, 2023 | 22.58 Bn |
| Mar 31, 2023 | 22.19 Bn |
| Dec 31, 2022 | 21.82 Bn |
| Sep 30, 2022 | 21.10 Bn |
| Jun 30, 2022 | 21.46 Bn |
| Mar 31, 2022 | 22.14 Bn |
| Dec 31, 2021 | 8.37 Bn |
| Sep 30, 2021 | 8.47 Bn |
API Access
Block Invested Capital API
Pull this series into your own models, spreadsheets and apps with the Business Quant
Historical Metrics API. The request below matches the chart above — change the
frequency, period or values and it follows. Swap YOUR_API_KEY for your own key.
https://data.businessquant.com/historic?slug=invested-capital&ticker=XYZ&period=max&api_key=YOUR_API_KEYimport requests
url = "https://data.businessquant.com/historic"
params = {"slug": "invested-capital", "ticker": "XYZ", "period": "max", "api_key": "YOUR_API_KEY"}
data = requests.get(url, params=params).json()const res = await fetch("https://data.businessquant.com/historic?slug=invested-capital&ticker=XYZ&period=max&api_key=YOUR_API_KEY");
const data = await res.json();