# Block, Inc. (XYZ) MD&A by fiscal year

Verbatim Item 7 Management's Discussion and Analysis sections from Block, Inc.'s 10-K filings, one page per fiscal year. Extracted from SEC filings with the same bounded parser for every year. Filer text, not grepcent analysis or investment advice.

- [FY 2025 MD&A](/company/XYZ/mda/fy2025/): filed 2026-02-26; accession 0001628280-26-012254 (https://www.sec.gov/Archives/edgar/data/1512673/000162828026012254/xyz-20251231.htm); latest 10-K
- [FY 2024 MD&A](/company/XYZ/mda/fy2024/): filed 2025-02-24; accession 0001628280-25-007376 (https://www.sec.gov/Archives/edgar/data/1512673/000162828025007376/sq-20241231.htm)
- [FY 2023 MD&A](/company/XYZ/mda/fy2023/): filed 2024-02-22; accession 0001628280-24-006354 (https://www.sec.gov/Archives/edgar/data/1512673/000162828024006354/sq-20231231.htm)
- [FY 2022 MD&A](/company/XYZ/mda/fy2022/): filed 2023-02-23; accession 0001628280-23-004840 (https://www.sec.gov/Archives/edgar/data/1512673/000162828023004840/sq-20221231.htm)
- [FY 2021 MD&A](/company/XYZ/mda/fy2021/): filed 2022-02-24; accession 0001628280-22-003825 (https://www.sec.gov/Archives/edgar/data/1512673/000162828022003825/sq-20211231.htm)

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