Who Owns Cash App?
Updated onExplore the ownership hierarchy of Cash App. See parent companies, holding structures, and ultimate controllers.
Ownership Chain
Cash App
Cash App is a consumer digital wallet and financial services platform from Block, Inc. that lets users send and receive money, use a debit card, save, invest in stocks and bitcoin, and access other banking-like features via a mobile app.
Starts at $0 / user
Block is a financial-technology company that builds technology for economic empowerment across payments, commerce, and financial services (brands include Square, Cash App, Afterpay, and TIDAL).
Cash App
Cash App is a consumer digital wallet and financial services platform from Block, Inc. that lets users send and receive money, use a debit card, save, invest in stocks and bitcoin, and access other banking-like features via a mobile app.
Starts at $0 / user
Block is a financial-technology company that builds technology for economic empowerment across payments, commerce, and financial services (brands include Square, Cash App, Afterpay, and TIDAL).
Major Shareholders
Cash App
Major Shareholders
| Name | Type | Ownership | Voting | As of |
|---|---|---|---|---|
Block, Inc. Parent company of Cash App; Block fully owns and controls the Cash App business as one of its core operating segments. Block is a publicly traded fintech company whose brands include Square, Cash App, Afterpay, TIDAL, Bitkey and Proto. | Corporate | 100.0% | 100.0% | — |
Jack Dorsey Co‑founder and CEO of Block and a key creator of Cash App. Through Class A and super‑voting Class B shares he beneficially owned about 48.8 million Block shares (roughly 8.1% of the Class A common stock on an as‑converted basis) as of Dec. 31, 2023, and controls the majority of Block’s Class B shares (around 79%), giving him outsized voting power over Cash App’s parent company. | Founder | 8.1% | — | Dec 2023 |
James (Jim) McKelvey Co‑founder of Block and early backer of the ecosystem that includes Cash App. As of the April 2025 proxy, he held about 129,000 Class A shares (≈0.02% of shares) and roughly 11.94 million Class B shares, representing about 19.9% of Block’s outstanding Class B stock, which enhances his voting influence despite a relatively small economic stake. | Founder | — | — | — |
The Vanguard Group, Inc. Asset‑management firm and the largest institutional shareholder in Block. As of June 30, 2025, Vanguard owned about 54.9 million Block Class A shares, approximately 9% of that class, giving it a significant indirect equity stake in Cash App via Block. | Institutional | 9.0% | — | Jun 2025 |
T. Rowe Price Associates, Inc. Large U.S. asset manager and one of Block’s biggest institutional investors. Based on Morningstar and ownership analyses as of June 30, 2025, T. Rowe Price funds collectively hold roughly 7.7% of Block’s Class A shares, providing a substantial indirect ownership stake in Cash App. | Institutional | 7.7% | — | Jun 2025 |
BlackRock, Inc. Global asset manager and a top institutional holder of Block. Filings and ownership summaries indicate BlackRock owns about 5.2% of Block’s Class A common stock as of March 31, 2025, representing another major pool of indirect ownership in Cash App. | Institutional | 5.2% | — | Mar 2025 |
Anthony Eisen Co‑founder of Afterpay and Block board member. According to the April 2025 proxy and subsequent analyses, he owns roughly 2.16 million Block Class A shares (under 0.4% of shares outstanding), making him a notable but smaller individual shareholder with indirect exposure to Cash App. | Individual | 0.4% | — | — |
Block
Major Shareholders
| Name | Type | Ownership | Voting | As of |
|---|---|---|---|---|
Jack Dorsey Co‑founder, CEO and chair of Block. Proxy-related summaries for April 2025 indicate he holds roughly 1 million Class A shares plus about 47.8 million Class B super‑voting shares (convertible into Class A), making him the largest individual shareholder. With total shares outstanding of about 559 million Class A and 60 million Class B as of February 18, 2025, this equates to roughly 8% of Block’s economic interest. Because each Class B share carries ten votes versus one vote for Class A, Dorsey’s holdings correspond to an estimated 41% of total voting power, giving him de facto control when combined with Jim McKelvey’s stake. | Individual | 7.9% | 41.3% | — |
James (Jim) McKelvey Co‑founder and long‑time director of Block. April 2025 proxy-based data show he owns about 129,000 Class A shares plus roughly 11.94 million Class B shares, or about 19.9% of the Class B stock. On an as‑converted basis this is just under 2% of total equity, but because his Class B shares also carry ten votes each, his holdings represent roughly 10% of overall voting power. Combined, Dorsey and McKelvey control a majority of Block’s shareholder votes while owning a minority of the economic interest. | Individual | 1.9% | 10.3% | — |
The Vanguard Group, Inc. Largest institutional shareholder in Block. A Schedule 13G/A filing for event date Sept. 30, 2025 reports Vanguard beneficially owning 68,436,549 Block shares, representing about 12.45% of the outstanding common stock. Vanguard’s stake is primarily through index and ETF products and, while economically significant, carries proportionally less voting influence than its stake size because founders hold super‑voting Class B shares. | Institutional | 12.4% | — | Sep 2025 |
T. Rowe Price Associates, Inc. Major active asset manager in Block. A Schedule 13G filed Aug. 14, 2025 discloses that T. Rowe Price Associates beneficially owns 47,532,186 shares of Block common stock, equal to about 8.6% of the class as of June 30, 2025. This makes T. Rowe Price the second‑largest institutional holder after Vanguard. | Institutional | 8.6% | — | Jun 2025 |
BlackRock, Inc. One of the largest global asset managers and a top passive owner of Block. A Schedule 13G/A filed Oct. 17, 2025 reports BlackRock owning 38,928,405 Block shares, representing roughly 7.1% of the company’s common stock. Its holdings are spread across various index and active funds. | Institutional | 7.1% | — | Oct 2025 |
Anthony Eisen Co‑founder of Afterpay and member of Block’s board. Proxy-based summaries for April 2025 indicate he owns about 2.16 million Class A shares, corresponding to roughly 0.3–0.4% of Block’s total equity. Unlike Dorsey and McKelvey, Eisen does not hold Class B super‑voting shares, so his voting power is broadly aligned with his economic stake. | Individual | 0.4% | — | — |
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