Analyst Consensus ?
ConsensusBuy39 ratings
Bullish3076.9%
Neutral820.5%
Bearish12.6%
Block, Inc. · XYZ · FY2025 Q3 · Calendar Q4 2025
Block raises guidance as Cash App and lending accelerate
The supplied analysis supports a constructive operating thesis: Block is pairing Cash App growth, lending expansion, seller-focused product launches, and higher guidance. The evidence is balanced by the need to monitor credit quality, margin pressure, field-sales productivity, macro demand, and competition.
Reported After market closeNYSETechnology
$45.37B market cap
100quality score
Earnings scorecard
Reported versus consensus
Reported EPS
$0.54
Consensus $0.64
EPS surprise
-15.4%
Reported versus consensus
Reported revenue
$6.11B
Consensus $6.30B
Revenue surprise
-3.0%
Reported versus consensus
Market reaction
event-close to next-session close
Stock move
-7.7%
Event window
SPY move
+0.1%
Same window
Abnormal move
-7.8%
Stock minus SPY
Volume
3.8×
Versus trailing sessions
Subsequent drift
-6.7%
Up to 20 sessions
XYZSPY benchmark
Ask FN2 about XYZ FY2025 Q3
Transcript, numbers and history already loaded
Why did XYZ fall 7.7% after missing EPS estimates in FY2025 Q3?What changed in XYZ's guidance and outlook in FY2025 Q3?Give me the bull and bear case for XYZ after FY2025 Q3 earnings.
Free account. Your question opens in FN2 with this report's transcript and numbers attached.
Transcript intelligence
What changed
The quarter's analysis points to stronger Cash App momentum, sharply higher Borrow originations, broader field-sales coverage, and additional AI-enabled seller products. Management also raised full-year guidance; the market reaction was negative, so execution and durability remain unresolved.
Guidance delta
Management raised guidance, forecasting more than 15% full-year gross-profit growth and a 20% adjusted operating-income margin.
Key takeaways
- Q3 gross profit growth accelerated to 18% year over year, led by Cash App.
- Cash App reached 58 million active users, while Borrow originations grew 134% year over year.
- Management expanded field sales and highlighted AI-enabled tools and new seller products.
- The key test is whether growth and cross-selling can continue without worsening credit, margin, or competitive pressure.
Management priorities
- Grow Cash App engagement and network effects
- Expand field sales, partner programs, and international penetration
- Scale Borrow, Afterpay, and cross-selling between Cash App and Square
- Improve seller productivity through Square AI and related tools
- Advance fee-free Bitcoin acceptance and the announced product roadmap
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Try FN2 freeEarnings History
Estimate
Beat
Miss
Match
Analyst 52W Price Targets
$76.23Current
$51Low
$116.33Average
$340High
Latest persisted target per named analyst; persisted current price from FN2's market snapshot as of Oct 6, 2026. Not an FN2 forecast.
Firm-level rating actions
FMP grade actions identify the grading firm, not a named analyst.
| Firm | Rating | Prior rating | Action | Date |
|---|---|---|---|---|
| Baird | Outperform | Outperform | Maintain | Oct 2, 2026 |
| Cantor Fitzgerald | Overweight | Overweight | Maintain | Sep 25, 2026 |
| BTIG | Buy | Buy | Maintain | Sep 25, 2026 |
| StoneX | Buy | Hold | Upgrade | Sep 10, 2026 |
| Macquarie | Neutral | Neutral | Maintain | Sep 10, 2026 |
| Wolfe Research | Outperform | Outperform | Maintain | Aug 25, 2026 |
| Canaccord Genuity | Buy | Buy | Maintain | Aug 13, 2026 |
| Evercore ISI Group | Outperform | Outperform | Maintain | Aug 11, 2026 |
| Argus Research | Buy | Buy | Maintain | Aug 7, 2026 |
| UBS | Buy | Buy | Maintain | Aug 6, 2026 |
| TD Cowen | Buy | Buy | Maintain | Aug 6, 2026 |
| Susquehanna | Positive | Positive | Maintain | Aug 6, 2026 |
| RBC Capital | Outperform | Outperform | Maintain | Aug 6, 2026 |
| Piper Sandler | Overweight | Overweight | Maintain | Aug 6, 2026 |
| Needham | Buy | Buy | Maintain | Aug 6, 2026 |
| Keybanc | Overweight | Overweight | Maintain | Aug 6, 2026 |
| Keefe, Bruyette & Woods | Outperform | Outperform | Maintain | Aug 6, 2026 |
| Truist Securities | Buy | Buy | Maintain | Jul 24, 2026 |
| BMO Capital | Market Perform | Market Perform | Maintain | Jul 22, 2026 |
| Citigroup | Buy | Buy | Maintain | Jul 16, 2026 |
| Morgan Stanley | Overweight | Overweight | Maintain | May 29, 2026 |
| Rothschild & Co | Neutral | Sell | Upgrade | Mar 18, 2026 |
| HSBC | Buy | Hold | Upgrade | Mar 3, 2026 |
| Oppenheimer | Outperform | Outperform | Maintain | Feb 27, 2026 |
| B of A Securities | Buy | Buy | Maintain | Nov 21, 2025 |
| Stephens & Co. | Overweight | Overweight | Maintain | Nov 20, 2025 |
| Mizuho | Outperform | Outperform | Maintain | Nov 20, 2025 |
| Goldman Sachs | Buy | Buy | Maintain | Nov 7, 2025 |
| Jefferies | Buy | Buy | Maintain | Oct 21, 2025 |
| Raymond James | Outperform | Outperform | Maintain | Aug 8, 2025 |
| Compass Point | Sell | Buy | Downgrade | Aug 8, 2025 |
| Bernstein | Outperform | Outperform | Maintain | Jul 22, 2025 |
| JP Morgan | Overweight | Overweight | Maintain | Jul 21, 2025 |
| Barclays | Overweight | Overweight | Maintain | Jun 9, 2025 |
| Wells Fargo | Equal Weight | Overweight | Downgrade | May 2, 2025 |
| Seaport Global | Neutral | Buy | Downgrade | May 2, 2025 |
| Benchmark | Hold | Buy | Downgrade | May 2, 2025 |
| Citizens Capital Markets | Market Perform | Market Perform | Maintain | Feb 21, 2025 |
| Exane BNP Paribas | Neutral | Outperform | Downgrade | Nov 20, 2024 |
Named analyst price targets
Upside is calculated against the persisted current price $76.23. FMP does not supply a rating on these named-analyst rows.
| Firm | Analyst | 52W target | Price when posted | Upside | Date |
|---|---|---|---|---|---|
| Robert W. Baird | Analyst unavailable | $106 | $74.04 | +39.1% | Oct 2, 2026 |
| Coker Palmer | Mark Palmer | $105 | $79.4 | +37.7% | Sep 10, 2026 |
| Scotiabank | Lance Jessurun | $82 | $77.88 | +7.6% | Sep 2, 2026 |
| Wolfe Research | Analyst unavailable | $115 | $81.38 | +50.9% | Aug 25, 2026 |
| Canaccord Genuity | Joseph Vafi | $100 | $82.6 | +31.2% | Aug 14, 2026 |
| Argus Research | Stephen Biggar | $103 | $79.72 | +35.1% | Aug 7, 2026 |
| Robert W. Baird | Analyst unavailable | $105 | $79.21 | +37.7% | Aug 6, 2026 |
| Piper Sandler | Analyst unavailable | $105 | $79.58 | +37.7% | Aug 6, 2026 |
| Oppenheimer | Rayna Kumar | $97 | $80.62 | +27.2% | Aug 6, 2026 |
| KeyBanc | Analyst unavailable | $108 | $84.2 | +41.7% | Aug 6, 2026 |
| UBS | Timothy Chiodo | $98 | $84.2 | +28.6% | Aug 6, 2026 |
| BTIG | Analyst unavailable | $100 | $84.2 | +31.2% | Aug 6, 2026 |
| Morgan Stanley | Analyst unavailable | $90 | $81.24 | +18.1% | Aug 3, 2026 |
| Truist Financial | Matthew Coad | $93 | $76.49 | +22.0% | Jul 24, 2026 |
| KeyBanc | Analyst unavailable | $105 | $77.46 | +37.7% | Jul 23, 2026 |
| BMO Capital | Andrew Bauch | $85 | $78.65 | +11.5% | Jul 22, 2026 |
| Cantor Fitzgerald | Ramsey El-Assal | $95 | $80.38 | +24.6% | Jul 22, 2026 |
| Rosenblatt Securities | Analyst unavailable | $100 | $75.9 | +31.2% | Jun 30, 2026 |
| Piper Sandler | Analyst unavailable | $100 | $77.95 | +31.2% | Jun 29, 2026 |
| Morgan Stanley | James Faucette | $98 | $74.65 | +28.6% | May 29, 2026 |
| Truist Financial | Analyst unavailable | $82 | $71.63 | +7.6% | May 27, 2026 |
| Canaccord Genuity | Joseph Vafi | $85 | $70.63 | +11.5% | May 19, 2026 |
| Macquarie | Paul Golding | $75 | $72.15 | -1.6% | May 12, 2026 |
| Oppenheimer | Analyst unavailable | $91 | $74.42 | +19.4% | May 8, 2026 |
| Truist Financial | Matthew Coad | $81 | $70.2 | +6.3% | Apr 24, 2026 |
| BMO Capital | Analyst unavailable | $74 | $71.77 | -2.9% | Apr 21, 2026 |
| Cantor Fitzgerald | Ramsey El-Assal | $88 | $75.09 | +15.4% | Apr 21, 2026 |
| Cantor Fitzgerald | Ramsey El-Assal | $70 | $49.84 | -8.2% | Feb 17, 2026 |
| Cantor Fitzgerald | Analyst unavailable | $87 | $65.91 | +14.1% | Jan 26, 2026 |
| Truist Financial | Matthew Coad | $72 | $64.01 | -5.5% | Jan 20, 2026 |
| BNP Paribas | Analyst unavailable | $83 | $70 | +8.9% | Jan 7, 2026 |
| Morgan Stanley | Analyst unavailable | $72 | $60.9 | -5.5% | Nov 21, 2025 |
| Mizuho Securities | Analyst unavailable | $100 | $64.5 | +31.2% | Nov 20, 2025 |
| Oppenheimer | Rayna Kumar | $85 | $63.01 | +11.5% | Nov 7, 2025 |
| Truist Financial | Analyst unavailable | $74 | $79.57 | -2.9% | Oct 24, 2025 |
| KeyBanc | Analyst unavailable | $94 | $77.73 | +23.3% | Oct 22, 2025 |
| Wells Fargo | Analyst unavailable | $91 | $77.73 | +19.4% | Oct 21, 2025 |
| Jefferies | Analyst unavailable | $95 | $76.5 | +24.6% | Oct 21, 2025 |
| BNP Paribas | Analyst unavailable | $86 | $76.23 | +12.8% | Sep 2, 2025 |
| Compass Point | Dominick Gabriele | $65 | $74.23 | -14.7% | Aug 8, 2025 |
| BTIG | Analyst unavailable | $80 | $75.29 | +4.9% | Aug 5, 2025 |
| Morgan Stanley | Analyst unavailable | $73 | $75.29 | -4.2% | Aug 5, 2025 |
| Monness | Analyst unavailable | $95 | $76.12 | +24.6% | Aug 4, 2025 |
| Deutsche Bank | Nate Svensson | $82 | $71.18 | +7.6% | Jul 17, 2025 |
| Truist Financial | Matthew Coad | $61 | $63.51 | -20.0% | Jun 3, 2025 |
| Evercore ISI | Adam Frisch | $75 | $63.51 | -1.6% | Jun 3, 2025 |
| Raymond James | John Davis | $79 | $61.76 | +3.6% | Jun 2, 2025 |
| Wolfe Research | Darrin Peller | $75 | $58.33 | -1.6% | May 19, 2025 |
| Argus Research | Stephen Biggar | $59 | $46.64 | -22.6% | May 5, 2025 |
| Barclays | Ramsey El-Assal | $57 | $46.64 | -25.2% | May 5, 2025 |
| Piper Sandler | Arvind Ramnani | $51 | $46.53 | -33.1% | May 2, 2025 |
| Bernstein | Analyst unavailable | $100 | $60 | +31.2% | Mar 8, 2025 |
| Raymond James | John Davis | $115 | $91.4 | +50.9% | Jan 3, 2025 |
| Oppenheimer | Rayna Kumar | $115 | $94.04 | +50.9% | Dec 19, 2024 |
| Morgan Stanley | James Faucette | $65 | $87.3 | -14.7% | Dec 18, 2024 |
| Monness | Gus Gala | $115 | $94.04 | +50.9% | Dec 13, 2024 |
| BTIG | Lance Jessurun | $110 | $98.18 | +44.3% | Dec 5, 2024 |
| BMO Capital | Rufus Hone | $100 | $92.26 | +31.2% | Nov 25, 2024 |
| BMO Capital | Rufus Hone | $94 | $72.3 | +23.3% | Nov 8, 2024 |
| Williams Trading | Trevor Williams | $90 | $74.66 | +18.1% | Oct 21, 2024 |
| Wolfe Research | Darrin Peller | $85 | $69.7 | +11.5% | Oct 14, 2024 |
| New Street | Soomit Datta | $70 | $61.24 | -8.2% | Sep 9, 2024 |
| Bank of America Securities | Jason Kupferberg | $82 | $65.87 | +7.6% | Aug 16, 2024 |
| RBC Capital | Daniel Perlin | $88 | $60.01 | +15.4% | Aug 2, 2024 |
| BMO Capital | Rufus Hone | $93 | $58.76 | +22.0% | Aug 2, 2024 |
| Williams Trading | Trevor Williams | $100 | $60.18 | +31.2% | Jul 26, 2024 |
| Deutsche Bank | Bryan Keane | $98 | $66.49 | +28.6% | Jul 12, 2024 |
| Goldman Sachs | Will Nance | $80 | $64.61 | +4.9% | Jun 24, 2024 |
| Barclays | Ramsey El-Assal | $100 | $64.46 | +31.2% | Jun 24, 2024 |
| Robert W. Baird | David Koning | $98 | $72.06 | +28.6% | Apr 19, 2024 |
| Industrial Alliance Securities | Lance Jessurun | $90 | $78.51 | +18.1% | Apr 11, 2024 |
| Mizuho Securities | Dan Dolev | $106 | $79.98 | +39.1% | Apr 10, 2024 |
| Coker Palmer | Mark Palmer | $99 | $79.65 | +29.9% | Apr 4, 2024 |
| Morgan Stanley | James Faucette | $60 | $79.65 | -21.3% | Apr 4, 2024 |
| Wolfe Research | Darrin Peller | $100 | $84.58 | +31.2% | Apr 1, 2024 |
| KeyBanc | Josh Beck | $95 | $83.05 | +24.6% | Mar 27, 2024 |
| UBS | Rayna Kumar | $95 | $80.86 | +24.6% | Mar 18, 2024 |
| Loop Capital Markets | Daniel Perlin | $88 | $79.2 | +15.4% | Feb 23, 2024 |
| Wells Fargo | Andrew Bauch | $95 | $78.92 | +24.6% | Feb 23, 2024 |
| Seaport Global | Jeff Cantwell | $95 | $67.96 | +24.6% | Feb 23, 2024 |
| Wedbush | Moshe Katri | $90 | $69.92 | +18.1% | Jan 30, 2024 |
| BTIG | Lance Jessurun | $85 | $68.22 | +11.5% | Jan 30, 2024 |
| Goldman Sachs | Michael Ng | $95 | $49.44 | +24.6% | Nov 3, 2023 |
| KeyBanc | Alex Markgraff | $85 | $64.65 | +11.5% | Aug 4, 2023 |
| Susquehanna | James Friedman | $100 | $59.01 | +31.2% | May 5, 2023 |
| KBW | Steven Kwok | $90 | $60 | +18.1% | Mar 24, 2023 |
| Loop Capital Markets | Josh Beck | $100 | $76.99 | +31.2% | Feb 24, 2023 |
| Mizuho Securities | Dan Dolev | $70 | $69.06 | -8.2% | Jan 9, 2023 |
| Macquarie | Paul Golding | $100 | $62.67 | +31.2% | Nov 7, 2022 |
| Canaccord Genuity | Joseph Vafi | $150 | $62.52 | +96.8% | Nov 4, 2022 |
| Jefferies | Trevor Williams | $70 | $60.11 | -8.2% | Nov 4, 2022 |
| Jefferies | Trevor Williams | $70 | $54.53 | -8.2% | Oct 19, 2022 |
| Mizuho Securities | Dan Dolev | $57 | $59.45 | -25.2% | Sep 22, 2022 |
| Evercore ISI | David Togut | $55 | $69.58 | -27.8% | Sep 14, 2022 |
| Wells Fargo | Jeff Cantwell | $120 | $72.76 | +57.4% | Jul 27, 2022 |
| Macquarie | Wei Sim | $64 | $66.8 | -16.0% | Jul 19, 2022 |
| Credit Suisse | Timothy Chiodo | $170 | $63.23 | +123.0% | Jun 15, 2022 |
| Needham | Mayank Tandon | $135 | $83.23 | +77.1% | May 23, 2022 |
| BMO Capital | James Fotheringham | $126 | $84.39 | +65.3% | May 11, 2022 |
| UBS | Rayna Kumar | $167 | $83.86 | +119.1% | May 10, 2022 |
| Goldman Sachs | Michael Ng | $152 | $95.55 | +99.4% | May 6, 2022 |
| Oppenheimer | Dominick Gabriele | $150 | $98.86 | +96.8% | May 4, 2022 |
| Susquehanna | James Friedman | $160 | $99.93 | +109.9% | Apr 28, 2022 |
| Credit Suisse | Analyst unavailable | $180 | $102.67 | +136.1% | Apr 25, 2022 |
| Wells Fargo | Jeff Cantwell | $165 | $123.22 | +116.5% | Apr 10, 2022 |
| KeyBanc | Josh Beck | $180 | $128.77 | +136.1% | Apr 6, 2022 |
| Mizuho Securities | Dan Dolev | $215 | $133.62 | +182.0% | Apr 3, 2022 |
| Morgan Stanley | James Faucette | $146 | $135.4 | +91.5% | Mar 23, 2022 |
| Robert W. Baird | David Koning | $128 | $108.87 | +67.9% | Mar 10, 2022 |
| Barclays | Ramsey El Assal | $205 | $100.62 | +168.9% | Mar 8, 2022 |
| UBS | Rayna Kumar | $178 | $126.06 | +133.5% | Mar 1, 2022 |
| D.A. Davidson | Chris Brendler | $175 | $127.5 | +129.6% | Feb 28, 2022 |
| BMO Capital | James Fotheringham | $159 | $127.5 | +108.6% | Feb 27, 2022 |
| Cowen & Co. | Georgios Mihalos | $188 | $119.82 | +146.6% | Feb 25, 2022 |
| Canaccord Genuity | Joseph Vafi | $210 | $119.82 | +175.5% | Feb 25, 2022 |
| Jefferies | Trevor Williams | $155 | $119.82 | +103.3% | Feb 25, 2022 |
| BTIG | Mark Palmer | $230 | $119.82 | +201.7% | Feb 25, 2022 |
| Needham | Mayank Tandon | $175 | $119.82 | +129.6% | Feb 25, 2022 |
| Bernstein | Harshita Rawat | $200 | $119.82 | +162.4% | Feb 25, 2022 |
| Citigroup | Peter Christiansen | $220 | $119.82 | +188.6% | Feb 25, 2022 |
| Rosenblatt Securities | Sean Horgan | $210 | $119.82 | +175.5% | Feb 25, 2022 |
| MoffettNathanson | Lisa Elis | $200 | $119.82 | +162.4% | Feb 25, 2022 |
| Deutsche Bank | Bryan Keane | $180 | $119.82 | +136.1% | Feb 25, 2022 |
| Credit Suisse | Timothy Chiodo | $190 | $119.82 | +149.2% | Feb 25, 2022 |
| Bank of America Securities | Jason Kupferberg | $185 | $97.72 | +142.7% | Feb 18, 2022 |
| Wolfe Research | Darrin Peller | $170 | $107.88 | +123.0% | Feb 11, 2022 |
| Wedbush | Moshe Katri | $140 | $107.88 | +83.7% | Feb 11, 2022 |
| Evercore ISI | David Togut | $272 | $111 | +256.8% | Jan 26, 2022 |
| Mizuho Securities | Dan Dolev | $210 | $115.3 | +175.5% | Jan 25, 2022 |
| Tigress Financial | Ivan Feinseth | $310 | $231.85 | +306.7% | Nov 17, 2021 |
| Piper Sandler | Christopher Donat | $250 | $237.38 | +228.0% | Nov 5, 2021 |
| Atlantic Equities | Kunaal Malde | $300 | $237.41 | +293.5% | Oct 12, 2021 |
| KBW | Steven Kwok | $325 | $269.49 | +326.3% | Aug 3, 2021 |
| Oddo BHF | Martin Marandon-Carlhian | $340 | $272.38 | +346.0% | Aug 2, 2021 |
Track every rating change on XYZ the moment it posts. Free to start.
Start freeCompany context
Snapshot as of publicationBlock, 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
All XYZ earningsTechnology peers this season
Latest reports in the same sector| Company | Quarter | EPS surprise | Market move | Headline |
|---|---|---|---|---|
| ACN Accenture plc | FY2026 Q4 · Calendar Q4 2026 | +3.5% | +15.8% | Accenture: AI demand supports strong Q4, while pricing and geopolitics remain risks |
| JBL Jabil Inc. | FY2026 Q4 · Calendar Q3 2026 | +8.1% | -10.0% | Jabil enters FY2027 with AI-led growth and capacity risks |
| MU Micron Technology, Inc. | FY2026 Q4 · Calendar Q3 2026 | +5.4% | +0.0% | Micron: Strong AI Memory Demand, Higher Capex, and HBM4E Ahead |
| SNX TD Synnex Corp | FY2026 Q3 · Calendar Q3 2026 | +20.9% | -9.9% | TD SYNNEX: AI-led growth accelerates, but mix and cash flow matter |
| ADBE Adobe Inc. | FY2026 Q3 · Calendar Q3 2026 | +0.8% | +1.4% | Adobe raises FY26 outlook as AI strategy broadens |
| ORCL Oracle Corporation | FY2027 Q1 · Calendar Q3 2026 | +10.3% | -1.7% | Oracle raises FY27 outlook as AI demand accelerates cloud growth |
Latest beats and misses
Who reports nextBeat on EPS
- ACNFY2026 Q4 · October 1, 2026+3.5% EPS+15.8% move
- MKCFY2026 Q3 · October 1, 2026+13.9% EPS-4.9% move
- NKEFY2027 Q1 · October 1, 2026+10.0% EPS-0.7% move
- CAGFY2027 Q1 · September 30, 2026+44.4% EPS-4.9% move
- FDSFY2026 Q4 · September 30, 2026+3.9% EPS+3.8% move
- JBLFY2026 Q4 · September 30, 2026+8.1% EPS-10.0% move
Get the XYZ recap when the next report posts
One email per quarter with the scorecard, the market reaction and what changed on the call. No account needed.
Sources
- Earnings call transcript and parsed analysis · 2026-05-11T10:29:34.698584+00:00
- FN2 earnings calendar · 2026-07-26T00:37:12.209961+00:00
- Polygon adjusted daily market bars · 2026-10-06T03:30:43.498861+00:00
- Financial Modeling Prep analyst price-target consensus and quote snapshot · 2026-10-06T03:30:43.495568+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 2026-10-06. For educational purposes only; not investment advice.