diff --git a/plugins/woocommerce-blocks/assets/js/atomic/blocks/product-elements/stock-indicator/attributes.ts b/plugins/woocommerce-blocks/assets/js/atomic/blocks/product-elements/stock-indicator/attributes.ts
index d7194c6d347..cf1ec2d22be 100644
--- a/plugins/woocommerce-blocks/assets/js/atomic/blocks/product-elements/stock-indicator/attributes.ts
+++ b/plugins/woocommerce-blocks/assets/js/atomic/blocks/product-elements/stock-indicator/attributes.ts
@@ -12,6 +12,10 @@ export const blockAttributes: BlockAttributes = {
 		type: 'boolean',
 		default: false,
 	},
+	isDescendantOfAllProducts: {
+		type: 'boolean',
+		default: false,
+	},
 };
 
 export default blockAttributes;
diff --git a/plugins/woocommerce-blocks/assets/js/atomic/blocks/product-elements/stock-indicator/block.tsx b/plugins/woocommerce-blocks/assets/js/atomic/blocks/product-elements/stock-indicator/block.tsx
index c933a74fe33..544b020f9db 100644
--- a/plugins/woocommerce-blocks/assets/js/atomic/blocks/product-elements/stock-indicator/block.tsx
+++ b/plugins/woocommerce-blocks/assets/js/atomic/blocks/product-elements/stock-indicator/block.tsx
@@ -7,7 +7,11 @@ import {
 	useInnerBlockLayoutContext,
 	useProductDataContext,
 } from '@woocommerce/shared-context';
-import { useColorProps, useTypographyProps } from '@woocommerce/base-hooks';
+import {
+	useColorProps,
+	useTypographyProps,
+	useSpacingProps,
+} from '@woocommerce/base-hooks';
 import { withProductDataContext } from '@woocommerce/shared-hocs';
 import type { HTMLAttributes } from 'react';
 
@@ -17,22 +21,43 @@ import type { HTMLAttributes } from 'react';
 import './style.scss';
 import type { BlockAttributes } from './types';
 
-const lowStockText = ( lowStock: number ): string => {
-	return sprintf(
-		/* translators: %d stock amount (number of items in stock for product) */
-		__( '%d left in stock', 'woo-gutenberg-products-block' ),
-		lowStock
-	);
-};
-
-const stockText = ( inStock: boolean, isBackordered: boolean ): string => {
-	if ( isBackordered ) {
+/**
+ * Get stock text based on stock. For example:
+ * - In stock
+ * - Out of stock
+ * - Available on backorder
+ * - 2 left in stock
+ *
+ * @param  stockInfo                Object containing stock information.
+ * @param  stockInfo.isInStock      Whether product is in stock.
+ * @param  stockInfo.isLowStock     Whether product is low in stock.
+ * @param  stockInfo.lowStockAmount Number of items left in stock.
+ * @param  stockInfo.isOnBackorder  Whether product is on backorder.
+ * @return string Stock text.
+ */
+const getTextBasedOnStock = ( {
+	isInStock = false,
+	isLowStock = false,
+	lowStockAmount = null,
+	isOnBackorder = false,
+}: {
+	isInStock?: boolean;
+	isLowStock?: boolean;
+	lowStockAmount?: number | null;
+	isOnBackorder?: boolean;
+} ): string => {
+	if ( isLowStock && lowStockAmount !== null ) {
+		return sprintf(
+			/* translators: %d stock amount (number of items in stock for product) */
+			__( '%d left in stock', 'woo-gutenberg-products-block' ),
+			lowStockAmount
+		);
+	} else if ( isOnBackorder ) {
 		return __( 'Available on backorder', 'woo-gutenberg-products-block' );
+	} else if ( isInStock ) {
+		return __( 'In stock', 'woo-gutenberg-products-block' );
 	}
-
-	return inStock
-		? __( 'In Stock', 'woo-gutenberg-products-block' )
-		: __( 'Out of Stock', 'woo-gutenberg-products-block' );
+	return __( 'Out of stock', 'woo-gutenberg-products-block' );
 };
 
 type Props = BlockAttributes & HTMLAttributes< HTMLDivElement >;
@@ -43,8 +68,9 @@ export const Block = ( props: Props ): JSX.Element | null => {
 	const { product } = useProductDataContext();
 	const colorProps = useColorProps( props );
 	const typographyProps = useTypographyProps( props );
+	const spacingProps = useSpacingProps( props );
 
-	if ( ! product.id || ! product.is_purchasable ) {
+	if ( ! product.id ) {
 		return null;
 	}
 
@@ -54,28 +80,39 @@ export const Block = ( props: Props ): JSX.Element | null => {
 
 	return (
 		<div
-			className={ classnames(
-				className,
-				colorProps.className,
-				'wc-block-components-product-stock-indicator',
-				{
-					[ `${ parentClassName }__stock-indicator` ]:
-						parentClassName,
-					'wc-block-components-product-stock-indicator--in-stock':
-						inStock,
-					'wc-block-components-product-stock-indicator--out-of-stock':
-						! inStock,
-					'wc-block-components-product-stock-indicator--low-stock':
-						!! lowStock,
-					'wc-block-components-product-stock-indicator--available-on-backorder':
-						!! isBackordered,
-				}
-			) }
-			style={ { ...colorProps.style, ...typographyProps.style } }
+			className={ classnames( className, {
+				[ `${ parentClassName }__stock-indicator` ]: parentClassName,
+				'wc-block-components-product-stock-indicator--in-stock':
+					inStock,
+				'wc-block-components-product-stock-indicator--out-of-stock':
+					! inStock,
+				'wc-block-components-product-stock-indicator--low-stock':
+					!! lowStock,
+				'wc-block-components-product-stock-indicator--available-on-backorder':
+					!! isBackordered,
+				// When inside All products block
+				...( props.isDescendantOfAllProducts && {
+					[ colorProps.className ]: colorProps.className,
+					[ typographyProps.className ]: typographyProps.className,
+					'wc-block-components-product-stock-indicator wp-block-woocommerce-product-stock-indicator':
+						true,
+				} ),
+			} ) }
+			// When inside All products block
+			{ ...( props.isDescendantOfAllProducts && {
+				style: {
+					...colorProps.style,
+					...typographyProps.style,
+					...spacingProps.style,
+				},
+			} ) }
 		>
-			{ lowStock
-				? lowStockText( lowStock )
-				: stockText( inStock, isBackordered ) }
+			{ getTextBasedOnStock( {
+				isInStock: inStock,
+				isLowStock: !! lowStock,
+				lowStockAmount: lowStock,
+				isOnBackorder: isBackordered,
+			} ) }
 		</div>
 	);
 };
diff --git a/plugins/woocommerce-blocks/assets/js/atomic/blocks/product-elements/stock-indicator/edit.tsx b/plugins/woocommerce-blocks/assets/js/atomic/blocks/product-elements/stock-indicator/edit.tsx
index 162ab4311d8..83efbf324ef 100644
--- a/plugins/woocommerce-blocks/assets/js/atomic/blocks/product-elements/stock-indicator/edit.tsx
+++ b/plugins/woocommerce-blocks/assets/js/atomic/blocks/product-elements/stock-indicator/edit.tsx
@@ -24,7 +24,9 @@ const Edit = ( {
 	setAttributes,
 	context,
 }: BlockEditProps< BlockAttributes > & { context: Context } ): JSX.Element => {
-	const blockProps = useBlockProps();
+	const { style, ...blockProps } = useBlockProps( {
+		className: 'wc-block-components-product-stock-indicator',
+	} );
 
 	const blockAttrs = {
 		...attributes,
@@ -38,7 +40,15 @@ const Edit = ( {
 	);
 
 	return (
-		<div { ...blockProps }>
+		<div
+			{ ...blockProps }
+			/**
+			 * If block is decendant of the All Products block, we don't want to
+			 * apply style here because it will be applied inside Block using
+			 * useColors, useTypography, and useSpacing hooks.
+			 */
+			style={ attributes.isDescendantOfAllProducts ? undefined : style }
+		>
 			<EditProductLink />
 			<Block { ...blockAttrs } />
 		</div>
diff --git a/plugins/woocommerce-blocks/assets/js/atomic/blocks/product-elements/stock-indicator/supports.ts b/plugins/woocommerce-blocks/assets/js/atomic/blocks/product-elements/stock-indicator/supports.ts
index 6059f2454ee..6c6f9120303 100644
--- a/plugins/woocommerce-blocks/assets/js/atomic/blocks/product-elements/stock-indicator/supports.ts
+++ b/plugins/woocommerce-blocks/assets/js/atomic/blocks/product-elements/stock-indicator/supports.ts
@@ -2,17 +2,39 @@
  * External dependencies
  */
 import { isFeaturePluginBuild } from '@woocommerce/block-settings';
+import {
+	// @ts-expect-error We check if this exists before using it.
+	// eslint-disable-next-line @wordpress/no-unsafe-wp-apis
+	__experimentalGetSpacingClassesAndStyles,
+} from '@wordpress/block-editor';
+
+/**
+ * Internal dependencies
+ */
+import sharedConfig from '../shared/config';
 
 export const supports = {
-	...( isFeaturePluginBuild() && {
-		color: {
-			text: true,
-			background: false,
-			link: false,
+	...sharedConfig.supports,
+	color: {
+		text: true,
+		background: true,
+	},
+	typography: {
+		fontSize: true,
+		lineHeight: true,
+		...( isFeaturePluginBuild() && {
+			__experimentalFontWeight: true,
+			__experimentalFontFamily: true,
+			__experimentalFontStyle: true,
+			__experimentalTextTransform: true,
+			__experimentalTextDecoration: true,
+			__experimentalLetterSpacing: true,
+		} ),
+	},
+	...( typeof __experimentalGetSpacingClassesAndStyles === 'function' && {
+		spacing: {
+			margin: true,
+			padding: true,
 		},
-		typography: {
-			fontSize: true,
-		},
-		__experimentalSelector: '.wc-block-components-product-stock-indicator',
 	} ),
 };
diff --git a/plugins/woocommerce-blocks/assets/js/atomic/blocks/product-elements/stock-indicator/types.ts b/plugins/woocommerce-blocks/assets/js/atomic/blocks/product-elements/stock-indicator/types.ts
index b695a3b5f5d..c68e4b51c4e 100644
--- a/plugins/woocommerce-blocks/assets/js/atomic/blocks/product-elements/stock-indicator/types.ts
+++ b/plugins/woocommerce-blocks/assets/js/atomic/blocks/product-elements/stock-indicator/types.ts
@@ -1,4 +1,5 @@
 export interface BlockAttributes {
 	productId: number;
 	isDescendentOfQueryLoop: boolean;
+	isDescendantOfAllProducts: boolean;
 }
diff --git a/plugins/woocommerce-blocks/src/BlockTypes/ProductStockIndicator.php b/plugins/woocommerce-blocks/src/BlockTypes/ProductStockIndicator.php
index 51ae70dc3fd..f95ad94951e 100644
--- a/plugins/woocommerce-blocks/src/BlockTypes/ProductStockIndicator.php
+++ b/plugins/woocommerce-blocks/src/BlockTypes/ProductStockIndicator.php
@@ -22,28 +22,6 @@ class ProductStockIndicator extends AbstractBlock {
 	 */
 	protected $api_version = '2';
 
-	/**
-	 * Get block supports. Shared with the frontend.
-	 * IMPORTANT: If you change anything here, make sure to update the JS file too.
-	 *
-	 * @return array
-	 */
-	protected function get_block_type_supports() {
-		return array(
-			'color'                  =>
-			array(
-				'link'       => false,
-				'background' => false,
-				'text'       => true,
-			),
-			'typography'             =>
-			array(
-				'fontSize' => true,
-			),
-			'__experimentalSelector' => '.wc-block-components-product-stock-indicator',
-		);
-	}
-
 	/**
 	 * Register script and style assets for the block type before it is registered.
 	 *
@@ -125,7 +103,7 @@ class ProductStockIndicator extends AbstractBlock {
 		$classnames .= $is_on_backorder ? ' wc-block-components-product-stock-indicator--available-on-backorder ' : '';
 
 		$output  = '';
-		$output .= '<div class="wc-block-components-product-stock-indicator ' . esc_attr( $classnames ) . '"';
+		$output .= '<div class="wc-block-components-product-stock-indicator wp-block-woocommerce-product-stock-indicator ' . esc_attr( $classnames ) . '"';
 		$output .= isset( $classes_and_styles['styles'] ) ? ' style="' . esc_attr( $classes_and_styles['styles'] ) . '"' : '';
 		$output .= '>';
 		$output .= wp_kses_post( self::getTextBasedOnStock( $is_in_stock, $is_low_stock, $low_stock_amount, $is_on_backorder ) );