Independent research on the U.S. markets, Baptista Research

Baptista Research

Independent research on the U.S. markets

Baptista Research is an independent financial research house focused on the U.S. markets. We provide equity research as well as credit research reports on the top-listed U.S. companies with most of our focus on technology, consumer goods and services, automobiles, industrials, oil and gas, pharma, and healthcare. Our research has served more than 3000 institutional investors including mutual funds, hedge funds, banks, family offices, and various buy-side firms. We operate a research subscription service where institutions, as well as retail investors, can have priority access to all our research. We also have a wide distribution of our research reports across some of the top global financial platforms. Apart from equity research and credit research, we also provide advisory services with respect to mergers & acquisitions (M&A), private equity/ venture capital fundraising, valuation reports, and investment management services for corporates.
Baptista Research is owned and managed by Ishan Majumdar, an ex-Venture Capitalist/ Investment Banker, a Chartered Accountant, and a Masters’ degree holder in Management from HEC Paris. Ishan has nearly a decade of experience in Mergers and Acquisitions, Leveraged Buyouts (LBOs), Venture Capital Investing, Corporate Strategy, and Valuation in front-office roles at the likes of BNP Paribas CIB, Credit Agricole CIB, Groupe Danone, and TIW Private Equity. He has worked on and closed multiple acquisition deals, leveraged buyouts, and start-up investment transactions.

Equity Bottom-Up

<ul>
<li>Block, Inc.'s latest earnings report for the second quarter of 2025 provided key insights into the company's ongoing strategies, progress, and operational challenges.</li>
<li>Showing signs of a return to growth mode, the company reported a gross profit of $2.5 billion, up 14% year-over-year, and an adjusted operating income of $550 million, reflecting a 38% increase.</li>
<li>This indicates an expansion in margins to a new peak of 22%.</li>
</ul>


Block, Inc.'s latest earnings report for the second quarter of 2025 provided key insights into the company's ongoing strategies, progress, and operational challenges.
Showing signs of a return to growth mode, the company reported a gross profit of $2.5 billion, up 14% year-over-year, and an adjusted operating income of $550 million, reflecting a 38% increase.
This indicates an expansion in margins to a new peak of 22%.


Block Inc.: Inside the Borrow Platform’s Surge to 6 Million Users & What’s Next!

Founder, CEO, GSBR Research

Garvit Bhandari

Founder, CEO

Leading Provider of Equity and Investment Research

GSBR Research

We are an independent equity research provider focused on covering global markets. The aim of the research is to provide an unbiased view of the fundamentals of the company.

<ul>
<li>The Company posted muted revenue growth in Q1 2025, though margins showed improvement both YOY and sequentially.</li>
<li>Block trades at a discount to peers with a P/E of 11.3x vs. peer average of 26.4x. However, its TTM EBITDA margins (13.1%) are lower than the peer group average.</li>
<li>The guidance suggest focus on improving profitability as evident by improving margin outlook.</li>
</ul>


The Company posted muted revenue growth in Q1 2025, though margins showed improvement both YOY and sequentially.
Block trades at a discount to peers with a P/E of 11.3x vs. peer average of 26.4x. However, its TTM EBITDA margins (13.1%) are lower than the peer group average.
The guidance suggest focus on improving profitability as evident by improving margin outlook.


Block Inc. (XYZ) Financial Factsheet - Growth, Valuation and Peer Comps

<ul>
<li>Block has demonstrated a noteworthy performance for the fourth quarter of 2024, highlighted by its significant growth in gross profit alongside strategic advances in both Square and Cash App functionalities.</li>
<li>The company, formerly Square Inc., has expanded its capabilities by evolving Square from a mere payments tool into a comprehensive commerce platform and enriching Cash App's financial services.</li>
<li>The organizational restructuring is aimed at enhancing execution velocity, enabling the company to swiftly adapt and innovate within its roadmap.</li>
</ul>


Block has demonstrated a noteworthy performance for the fourth quarter of 2024, highlighted by its significant growth in gross profit alongside strategic advances in both Square and Cash App functionalities.
The company, formerly Square Inc., has expanded its capabilities by evolving Square from a mere payments tool into a comprehensive commerce platform and enriching Cash App's financial services.
The organizational restructuring is aimed at enhancing execution velocity, enabling the company to swiftly adapt and innovate within its roadmap.


Block Inc: Is The Growth in Gross Payment Volume Here To Stay?

Podcast by CEO, Norges Bank Investment Management, In Good Company with Nicolai Tangen

In Good Company with Nicolai Tangen

Podcast by CEO, Norges Bank Investment Management

The CEO of the largest single investor in the world, Norges Bank Investment Management, interviews leaders of some of the largest companies in the world. You will get to know the leader, their strategy, leadership principles, and much more. Hosted on Acast. See https://www.acast.com/privacy-policy for more information.

<ul><li>Jack Dorsey's interest in understanding what was happening in neighborhoods led him to programming</li><li>The original vision for Twitter was simply to be able to see what friends were doing and share updates</li><li>The development of new features on Twitter, such as replies, hashtags, and retweets, was driven by how people were using the platform and their needs for public conversation and sharing information.</li></ul>This content is sourced through publicly available sources and has been machine generated. Information displayed is for general informational purposes only.

Jack Dorsey's interest in understanding what was happening in neighborhoods led him to programmingThe original vision for Twitter was simply to be able to see what friends were doing and share updatesThe development of new features on Twitter, such as replies, hashtags, and retweets, was driven by how people were using the platform and their needs for public conversation and sharing information.This content is sourced through publicly available sources and has been machine generated. Information displayed is for general informational purposes only.

Block CEO: Twitter Evolution, Bitcoin and Digital Freedom

External reports (aggregated public sources), Value Investors Club

Value Investors Club (VIC)

External reports (aggregated public sources)

Value Investors Club

<ul><li>Block Inc. trading at a similar price as last write-up in January 2023, with positive shifts in cultural and organizational aspects</li><li>Block Inc. trading at a similar price as last write-up in January 2023, with positive shifts in cultural and organizational aspects</li><li>Company's dedication to Bitcoin and its ecosystems driving future shareholder returns, despite being misunderstood due to its history</li></ul>This content is sourced through publicly available sources and has been machine generated. Information displayed is for general informational purposes only. This article was originally published 3 months ago on Value Investors Club.

Block Inc. trading at a similar price as last write-up in January 2023, with positive shifts in cultural and organizational aspectsBlock Inc. trading at a similar price as last write-up in January 2023, with positive shifts in cultural and organizational aspectsCompany's dedication to Bitcoin and its ecosystems driving future shareholder returns, despite being misunderstood due to its historyThis content is sourced through publicly available sources and has been machine generated. Information displayed is for general informational purposes only. This article was originally published 3 months ago on Value Investors Club.

United States

Block, Inc. operates as a financial services and digital payments company. The Company develops a payments platform aimed at small and medium businesses that allows them to accept credit card payments and use tablet computers as payment registers for a point-of-sale system. Block also provides financial and marketing services.

Price Gauge
52-week Range	0.00 - 0.00
Market Cap (USDm)	0.00
P/E	0.00
Dividend (Yield)	0.00

Block (XYZ US)

Block Inc.: Inside the Borrow Platform’s Surge to 6 Million Users & What’s Next!

Block, Inc.'s latest earnings report for the second quarter of 2025 provided key insights into the company's ongoing strategies, progress, and...

Baptista Research

Block Inc. (XYZ) Financial Factsheet - Growth, Valuation and Peer Comps

Block Inc. saw modest revenue growth in Q1 2025, but margins improved year-over-year and sequentially. The FY25 guidance suggests further...

GSBR Research

Block Inc: Is The Growth in Gross Payment Volume Here To Stay?

The organizational restructuring is aimed at enhancing execution velocity, enabling the company to swiftly adapt and innovate within its roadmap.

Baptista Research

Block CEO: Twitter Evolution, Bitcoin and Digital Freedom

- The speaker's interest in understanding neighborhoods led to the development of Twitter, which evolved based on user interactions and the need...

In Good Company with Nicolai Tangen

Block Inc (SQ) - Sunday, Oct 13, 2024

Block Inc. trading at a similar price as last write-up in January 2023, with positive shifts in cultural and organizational aspects

Value Investors Club (VIC)

Price Gauge

52-week Range

Market Cap (USDm)

P/E

Dividend (Yield)

Block Inc.: Inside the Borrow Platform’s Surge to 6 Million Users & What’s Next!

Block, Inc.'s latest earnings report for the second quarter of 2025 provided key insights into the company's ongoing strategies, progress, and...

Baptista Research

Block Inc. (XYZ) Financial Factsheet - Growth, Valuation and Peer Comps

​Block Inc. saw modest revenue growth in Q1 2025, but margins improved year-over-year and sequentially. The FY25 guidance suggests further...

GSBR Research

Block Inc: Is The Growth in Gross Payment Volume Here To Stay?

The organizational restructuring is aimed at enhancing execution velocity, enabling the company to swiftly adapt and innovate within its roadmap.

Baptista Research

Block CEO: Twitter Evolution, Bitcoin and Digital Freedom

- The speaker's interest in understanding neighborhoods led to the development of Twitter, which evolved based on user interactions and the need...

In Good Company with Nicolai Tangen

Block Inc (SQ) - Sunday, Oct 13, 2024

Block Inc. trading at a similar price as last write-up in January 2023, with positive shifts in cultural and organizational aspects

Value Investors Club (VIC)

Block Inc. saw modest revenue growth in Q1 2025, but margins improved year-over-year and sequentially. The FY25 guidance suggests further...