Block, Inc. · XYZ · FY2024 Q4 · Calendar Q1 2025

Block outlines new growth products while maintaining 2025 gross profit guidance

The call supports a constructive operating thesis: maintained gross profit guidance and resilient product demand are balanced by execution, lending, and macro risks. The evidence is encouraging but incomplete because reported and consensus figures and prior-quarter analysis were unavailable.

Reported After market closeNYSETechnology $45.94B market cap
70quality score

Earnings scorecard

Reported versus consensus
Reported EPS — Consensus $0.88
EPS surprise — Reported versus consensus
Reported revenue — Consensus $6.24B
Revenue surprise — Reported versus consensus

Market reaction

event-close to next-session close
Stock move -17.7% Event window
SPY move -1.7% Same window
Abnormal move -16.0% Stock minus SPY
Volume 6.6× Versus trailing sessions
Subsequent drift -10.6% Up to 20 sessions
XYZSPY benchmark

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Transcript intelligence

What changed

Management emphasized a faster-execution reorganization, higher marketing investment, and several new growth initiatives: Cash App Borrow expansion, Afterpay on Cash App Card, Proto Bitcoin mining systems, Goose, and a neighborhood network. The 2025 gross profit outlook was maintained.

Guidance delta

2025 gross profit guidance was maintained at more than 15% year-over-year growth despite FX headwinds.

Key takeaways

  • Management highlighted Cash App Borrow expansion and the full rollout of Afterpay on Cash App Card as drivers of Cash App profitability.
  • Square growth priorities include increased marketing, partnerships, and focus on food and beverage and retail.
  • Management is targeting a Rule-of-40 run rate by year-end 2025 and again in 2026.
  • Execution and risk monitoring remain important as Block scales lending, AI, Bitcoin mining, and its neighborhood network.

Management priorities

  • Expand Cash App Borrow with broader availability, higher limits, and tighter underwriting
  • Roll out Afterpay on Cash App Card throughout 2025
  • Increase Square marketing, field sales, and partnership investment
  • Scale Goose, Proto, and the neighborhood network

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Earnings History

Estimate Beat Miss Match
XYZ EPS earnings history estimate and actual scatter chart 5 reported fiscal quarters and 3 future estimate-only quarters. Q2 '25 estimate $0.63 Q2 '25 actual $0.62, match Q3 '25 estimate $0.64 Q3 '25 actual $0.54, miss Q4 '25 estimate $0.65 Q4 '25 actual $0.65, match Q1 '26 estimate $0.68 Q1 '26 actual $0.85, beat Q2 '26 estimate $0.87 Q2 '26 actual $1.02, beat Q3 '26 estimate $1.03 Q4 '26 estimate $1.18 Q1 '27 estimate $1.12

Analyst Consensus ?

ConsensusBuy39 ratings
Bullish3076.9%
Neutral820.5%
Bearish12.6%

Analyst 52W Price Targets

$76.46Current
$51Low
$119.23Average
$340High

Latest persisted target per named analyst; persisted current price from FN2's market snapshot as of Oct 25, 2026. Not an FN2 forecast.

Firm-level rating actions

FMP grade actions identify the grading firm, not a named analyst.

FirmRatingPrior ratingActionDate
Truist Securities Buy BuyMaintainOct 23, 2026
RBC Capital Outperform OutperformMaintainOct 21, 2026
Baird Outperform OutperformMaintainOct 2, 2026
Cantor Fitzgerald Overweight OverweightMaintainSep 25, 2026
BTIG Buy BuyMaintainSep 25, 2026
Show 34 more rating actions

Named analyst price targets

Upside is calculated against the persisted current price $76.46. FMP does not supply a rating on these named-analyst rows.

FirmAnalyst52W targetPrice when postedUpsideDate
Truist FinancialAnalyst unavailable$89$79.02 +16.4%Oct 23, 2026
BMO CapitalAnalyst unavailable$101$78.2 +32.1%Oct 22, 2026
UBSAnalyst unavailable$96$78.46 +25.6%Oct 15, 2026
Robert W. BairdAnalyst unavailable$106$74.04 +38.6%Oct 2, 2026
Coker PalmerMark Palmer$105$79.4 +37.3%Sep 10, 2026
See 132 more

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Company context

Snapshot as of publication

Block, Inc., operating through its subsidiaries, develops innovative tools that empower merchants to process card payments, gain insights from robust reporting and analytics, and benefit from expedited next-day fund settlement. The company offers a diverse range of hardware solutions, including the Magstripe reader for traditional swipe-based transactions, and the Contactless and chip reader, which accommodates Europay, MasterCard, and Visa (EMV) chip cards alongside Near Field Communication (NFC) payments. For comprehensive point-of-sale functionality, Block provides the Square Stand, enabling an iPad to serve as a complete payment terminal, and the Square Register, an integrated system combining proprietary hardware, software, and payment processing capabilities. Additionally, the Square Terminal offers a modern alternative to conventional keypad devices, functioning as both a payment processor and receipt printer, accepting tap, dip, and swipe payment methods.…

Historical context

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Sources

  1. Earnings call transcript and parsed analysis · 2026-05-11T10:29:34.698584+00:00
  2. FN2 earnings calendar · 2025-02-07T15:16:28.587814+00:00
  3. Polygon adjusted daily market bars · 2026-10-25T00:20:42.338703+00:00
  4. Financial Modeling Prep analyst price-target consensus and quote snapshot · 2026-10-25T00:20:42.335995+00:00

Methodology

Reported and consensus figures come from FN2's earnings event records. Market reaction and volume are calculated from daily adjusted bars around the event; abnormal move subtracts the SPY move over the same window.

Analyst target low, average, and high values are derived at request time from each named analyst's latest persisted FMP target. The current-price marker comes from FN2's persisted market snapshot. They are sell-side estimates, not an FN2 valuation or recommendation.

Transcript intelligence is a structured synthesis of the current and prior earnings-call analyses. Missing values stay missing and are never estimated.

By FN2 Research · Updated · As of 2026-10-25. For educational purposes only; not investment advice.