Block, Inc. was announced on July 18, 2025, as an addition to the S&P 500 index, effective before the opening of trading on July 23, 2025. The fintech company will replace Hess, which was acquired by Chevron for $54 billion.
This inclusion is a significant milestone for Block, reflecting its growing market significance and business strength. Membership in the benchmark index is expected to increase Block's visibility and exposure to institutional investors, as index funds will need to purchase shares to mirror the index changes.
Block's market capitalization of approximately $45 billion at the time of the announcement places it well within the S&P 500 constituents. The move further integrates a technology and financial services company with a focus on blockchain into a major market index.
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