With a market cap of $50.1 billion, Block, Inc. (XYZ) is a global technology company focused on expanding access to the economy through innovative financial and commerce solutions. Through brands such as Square, Cash App, Afterpay, TIDAL, Bitkey, and Proto, the company empowers individuals, businesses, and creators with tools for payments, financial services, digital assets, and entrepreneurship.
Shares of the Oakland, California-based company have lagged behind the broader market over the past 52 weeks. XYZ stock has risen 8.6% over this time frame, while the broader S&P 500 Index ($SPX) has returned 22.6%. However, shares of the company are up 27% on a YTD basis, outpacing SPX’s 12.8% gain.
