Who Owns Tidal?
Updated onExplore the ownership hierarchy of Tidal. See parent companies, holding structures, and ultimate controllers.
Ownership Chain
Tidal
Subscription-based music streaming service focused on artist payouts and high-fidelity audio options, including HiFi and Master-quality tiers.
Starts at $10.99 / per user / month
Has a free trial
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).
Tidal
Subscription-based music streaming service focused on artist payouts and high-fidelity audio options, including HiFi and Master-quality tiers.
Starts at $10.99 / per user / month
Has a free trial
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
Tidal
Major Shareholders
| Name | Type | Ownership | Voting | As of |
|---|---|---|---|---|
Block, Inc. Block, Inc. (formerly Square) acquired a significant majority stake in TIDAL in 2021 for roughly $297–302 million and later disclosed at its 2022 Annual Stockholder Meeting that it owns about 86.8% of the Tidal music service (via Aspiro/TIDAL Music AS), with TIDAL operating as a Block subsidiary alongside Square and Cash App. | Corporate | 86.8% | 86.8% | Jun 2022 |
Original artist shareholder consortium (e.g., Beyoncé, Rihanna, Alicia Keys, Madonna, Kanye West, Nicki Minaj, etc.) When Block acquired its majority stake, the existing artist shareholders retained their equity and became the remaining stakeholders; reporting on Block’s disclosures implies that this artist group collectively holds the ~13.2% of TIDAL not owned by Block, though individual artist percentages are not publicly broken out. | Other | 13.2% | 13.2% | Jun 2022 |
Shawn “JAY‑Z” Carter Jay‑Z led the 2015 acquisition of Aspiro/TIDAL, was the controlling owner prior to Block’s deal, and retained a minority stake as part of the artist shareholder group when Block bought its majority position; he also joined Block’s board in connection with the transaction. His exact remaining ownership percentage in TIDAL has not been publicly disclosed. | Founder | — | — | Jun 2022 |
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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