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Tax Coda

Block paid $35 million in federal income tax on $1.69 billion of net income

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Tax Coda
Mar 10, 2026
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Block reported $129.4 million in total cash income taxes paid for 2025. The filing identifies federal, state, and selected foreign jurisdictions where cash taxes were paid. It provides named country detail for the United Kingdom and aggregates the remainder of foreign taxes into a single line. The disclosure offers partial geographic visibility rather than a full country breakdown.

Country-level tax picture

Block’s 2025 cash taxes were allocated across U.S. federal, state, and limited foreign jurisdictions. All other foreign payments were combined into a single group.

Cash income taxes paid for 2025 were:

  • Federal: $35.0 million

  • California: $19.5 million

  • Other state and local: $31.9 million

  • United Kingdom: $33.7 million

  • Other foreign: $9.4 million

Total cash income taxes paid: $129.4 million

The company did not disclose cash taxes for any other specific foreign country.

Concentration and scale

Cash taxes were weighted toward the United States. Federal and state payments totaled about $86.3 million…

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