Articles from Block, Inc.

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. (NYSE: SQ), 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. (NYSE: SQ) 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. (NYSE: SQ) 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. (NYSE: SQ) 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. (NYSE: SQ) 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.