Square card reader → two-sided money network: 4.5M+ Square sellers and 59M Cash App users, joined by Afterpay. Profit has shifted to lending and banking-style services (Financial Solutions gross profit +43% in Q2 2026), bitcoin is 29% of revenue but ~2% of gross profit, and in Feb 2026 Block cut nearly half its staff to bet on running as an AI-native company.
Click any of the 9 blocks below for a plain-language story of how that part of the model works for Block — and how it connects to the others.
Static handout preview — use Downloads in the top bar for PDF, PNG, poster HTML, or the research brief. The interactive canvas above is the primary experience.
