Analyst Consensus ?
ConsensusBuy35 ratings
Bullish2674.3%
Neutral822.9%
Bearish12.8%
Block, Inc. · XYZ · FY2026 Q1 · Calendar Q2 2026
Block Beats Q1 Estimates and Raises Full-Year Outlook as AI Accelerates Product Velocity
Block's Q1 2026 results show AI-driven operational leverage translating into financial outperformance. EPS of $0.85 beat consensus by nearly 26%, revenue exceeded estimates, and full-year guidance was raised. The workforce reduction from over 10,000 to under 6,000 employees announced last quarter is now yielding tangible productivity gains, with AI tools driving 2.5x more code changes per engineer. New sales channels, including the ISO partner network and the Neighborhoods program, are scaling rapidly and adding sellers at an accelerating pace. The initial post-earnings rally of 6.7% faded with a -6.6% subsequent drift, suggesting investors are weighing whether this growth pace and margin expansion are sustainable.
Reported After market closeNYSETechnology
$49.46B market cap
100quality score
Company 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.…
Earnings scorecard
Reported versus consensus
Reported EPS
$0.85
Consensus $1
EPS surprise
+25.9%
Reported versus consensus
Reported revenue
$6.06B
Consensus $6.03B
Revenue surprise
+0.4%
Reported versus consensus
Earnings History
Estimate
Beat
Miss
Match
Analyst 52W Price Targets
$82.18Current
$32Low
$117.88Average
$340High
Latest persisted target per named analyst; persisted current price from FN2's market snapshot as of Jul 30, 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 |
|---|---|---|---|---|
| BTIG | Buy | Buy | Maintain | Jul 27, 2026 |
| Truist Securities | Buy | Buy | Maintain | Jul 24, 2026 |
| Keybanc | Overweight | Overweight | Maintain | Jul 23, 2026 |
| Cantor Fitzgerald | Overweight | Overweight | Maintain | Jul 22, 2026 |
| BMO Capital | Market Perform | Market Perform | Maintain | Jul 22, 2026 |
| Citigroup | Buy | Buy | Maintain | Jul 16, 2026 |
| Baird | Outperform | Outperform | Maintain | Jul 2, 2026 |
| Piper Sandler | Overweight | Underweight | Upgrade | Jun 30, 2026 |
| Morgan Stanley | Overweight | Overweight | Maintain | May 29, 2026 |
| Canaccord Genuity | Buy | Buy | Maintain | May 18, 2026 |
| Macquarie | Neutral | Neutral | Maintain | May 12, 2026 |
| RBC Capital | Outperform | Outperform | Maintain | May 8, 2026 |
| Needham | Buy | Buy | Maintain | May 8, 2026 |
| Keefe, Bruyette & Woods | Outperform | Outperform | Maintain | May 8, 2026 |
| Rothschild & Co | Neutral | Sell | Upgrade | Mar 18, 2026 |
| HSBC | Buy | Hold | Upgrade | Mar 3, 2026 |
| TD Cowen | Buy | Buy | Maintain | Feb 27, 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 |
| Evercore ISI Group | Outperform | Outperform | Maintain | Jul 17, 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 |
| UBS | Buy | Buy | Maintain | Feb 21, 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 $82.18. FMP does not supply a rating on these named-analyst rows.
| Firm | Analyst | 52W target | Price when posted | Upside | Date |
|---|---|---|---|---|---|
| Truist Financial | Matthew Coad | $93 | $76.49 | +13.2% | Jul 24, 2026 |
| KeyBanc | Analyst unavailable | $105 | $77.46 | +27.8% | Jul 23, 2026 |
| BMO Capital | Andrew Bauch | $85 | $78.65 | +3.4% | Jul 22, 2026 |
| Cantor Fitzgerald | Ramsey El-Assal | $95 | $80.38 | +15.6% | Jul 22, 2026 |
| Piper Sandler | Analyst unavailable | $32 | $75.9 | -61.1% | Jun 30, 2026 |
| Piper Sandler | Analyst unavailable | $100 | $77.95 | +21.7% | Jun 29, 2026 |
| Morgan Stanley | James Faucette | $98 | $74.65 | +19.3% | May 29, 2026 |
| Truist Financial | Analyst unavailable | $82 | $71.63 | -0.2% | May 27, 2026 |
| Canaccord Genuity | Joseph Vafi | $85 | $70.63 | +3.4% | May 19, 2026 |
| Macquarie | Paul Golding | $75 | $72.15 | -8.7% | May 12, 2026 |
| Oppenheimer | Analyst unavailable | $91 | $74.42 | +10.7% | May 8, 2026 |
| Truist Financial | Matthew Coad | $81 | $70.2 | -1.4% | Apr 24, 2026 |
| BMO Capital | Analyst unavailable | $74 | $71.77 | -10.0% | Apr 21, 2026 |
| Cantor Fitzgerald | Ramsey El-Assal | $88 | $75.09 | +7.1% | Apr 21, 2026 |
| Cantor Fitzgerald | Ramsey El-Assal | $70 | $49.84 | -14.8% | Feb 17, 2026 |
| Cantor Fitzgerald | Analyst unavailable | $87 | $65.91 | +5.9% | Jan 26, 2026 |
| Truist Financial | Matthew Coad | $72 | $64.01 | -12.4% | Jan 20, 2026 |
| BNP Paribas | Analyst unavailable | $83 | $70 | +1.0% | Jan 7, 2026 |
| Morgan Stanley | Analyst unavailable | $72 | $60.9 | -12.4% | Nov 21, 2025 |
| Mizuho Securities | Analyst unavailable | $100 | $64.5 | +21.7% | Nov 20, 2025 |
| Oppenheimer | Rayna Kumar | $85 | $63.01 | +3.4% | Nov 7, 2025 |
| Truist Financial | Analyst unavailable | $74 | $79.57 | -10.0% | Oct 24, 2025 |
| KeyBanc | Analyst unavailable | $94 | $77.73 | +14.4% | Oct 22, 2025 |
| Wells Fargo | Analyst unavailable | $91 | $77.73 | +10.7% | Oct 21, 2025 |
| Jefferies | Analyst unavailable | $95 | $76.5 | +15.6% | Oct 21, 2025 |
| BNP Paribas | Analyst unavailable | $86 | $76.23 | +4.6% | Sep 2, 2025 |
| Compass Point | Dominick Gabriele | $65 | $74.23 | -20.9% | Aug 8, 2025 |
| BTIG | Analyst unavailable | $80 | $75.29 | -2.7% | Aug 5, 2025 |
| Morgan Stanley | Analyst unavailable | $73 | $75.29 | -11.2% | Aug 5, 2025 |
| Monness | Analyst unavailable | $95 | $76.12 | +15.6% | Aug 4, 2025 |
| Deutsche Bank | Nate Svensson | $82 | $71.18 | -0.2% | Jul 17, 2025 |
| Truist Financial | Matthew Coad | $61 | $63.51 | -25.8% | Jun 3, 2025 |
| Evercore ISI | Adam Frisch | $75 | $63.51 | -8.7% | Jun 3, 2025 |
| Raymond James | John Davis | $79 | $61.76 | -3.9% | Jun 2, 2025 |
| Wolfe Research | Darrin Peller | $75 | $58.33 | -8.7% | May 19, 2025 |
| Argus Research | Stephen Biggar | $59 | $46.64 | -28.2% | May 5, 2025 |
| Barclays | Ramsey El-Assal | $57 | $46.64 | -30.6% | May 5, 2025 |
| Piper Sandler | Arvind Ramnani | $51 | $46.53 | -37.9% | May 2, 2025 |
| Bernstein | Analyst unavailable | $100 | $60 | +21.7% | Mar 8, 2025 |
| Raymond James | John Davis | $115 | $91.4 | +39.9% | Jan 3, 2025 |
| Oppenheimer | Rayna Kumar | $115 | $94.04 | +39.9% | Dec 19, 2024 |
| Morgan Stanley | James Faucette | $65 | $87.3 | -20.9% | Dec 18, 2024 |
| Monness | Gus Gala | $115 | $94.04 | +39.9% | Dec 13, 2024 |
| BTIG | Lance Jessurun | $110 | $98.18 | +33.9% | Dec 5, 2024 |
| BMO Capital | Rufus Hone | $100 | $92.26 | +21.7% | Nov 25, 2024 |
| BMO Capital | Rufus Hone | $94 | $72.3 | +14.4% | Nov 8, 2024 |
| Williams Trading | Trevor Williams | $90 | $74.66 | +9.5% | Oct 21, 2024 |
| Wolfe Research | Darrin Peller | $85 | $69.7 | +3.4% | Oct 14, 2024 |
| New Street | Soomit Datta | $70 | $61.24 | -14.8% | Sep 9, 2024 |
| Bank of America Securities | Jason Kupferberg | $82 | $65.87 | -0.2% | Aug 16, 2024 |
| RBC Capital | Daniel Perlin | $88 | $60.01 | +7.1% | Aug 2, 2024 |
| BMO Capital | Rufus Hone | $93 | $58.76 | +13.2% | Aug 2, 2024 |
| Williams Trading | Trevor Williams | $100 | $60.18 | +21.7% | Jul 26, 2024 |
| Deutsche Bank | Bryan Keane | $98 | $66.49 | +19.3% | Jul 12, 2024 |
| Goldman Sachs | Will Nance | $80 | $64.61 | -2.7% | Jun 24, 2024 |
| Barclays | Ramsey El-Assal | $100 | $64.46 | +21.7% | Jun 24, 2024 |
| Robert W. Baird | David Koning | $98 | $72.06 | +19.3% | Apr 19, 2024 |
| Industrial Alliance Securities | Lance Jessurun | $90 | $78.51 | +9.5% | Apr 11, 2024 |
| Mizuho Securities | Dan Dolev | $106 | $79.98 | +29.0% | Apr 10, 2024 |
| Coker Palmer | Mark Palmer | $99 | $79.65 | +20.5% | Apr 4, 2024 |
| Morgan Stanley | James Faucette | $60 | $79.65 | -27.0% | Apr 4, 2024 |
| Wolfe Research | Darrin Peller | $100 | $84.58 | +21.7% | Apr 1, 2024 |
| KeyBanc | Josh Beck | $95 | $83.05 | +15.6% | Mar 27, 2024 |
| UBS | Rayna Kumar | $95 | $80.86 | +15.6% | Mar 18, 2024 |
| Mizuho Securities | Dan Dolev | $99 | $79.2 | +20.5% | Feb 23, 2024 |
| Wells Fargo | Andrew Bauch | $95 | $78.92 | +15.6% | Feb 23, 2024 |
| Seaport Global | Jeff Cantwell | $95 | $67.96 | +15.6% | Feb 23, 2024 |
| Wedbush | Moshe Katri | $90 | $69.92 | +9.5% | Jan 30, 2024 |
| BTIG | Lance Jessurun | $85 | $68.22 | +3.4% | Jan 30, 2024 |
| Goldman Sachs | Michael Ng | $95 | $49.44 | +15.6% | Nov 3, 2023 |
| KeyBanc | Alex Markgraff | $85 | $64.65 | +3.4% | Aug 4, 2023 |
| Susquehanna | James Friedman | $100 | $59.01 | +21.7% | May 5, 2023 |
| Bernstein | Harshita Rawat | $90 | $60.01 | +9.5% | Mar 24, 2023 |
| KeyBanc | Jason Kupferberg | $96 | $76.99 | +16.8% | Feb 24, 2023 |
| Mizuho Securities | Dan Dolev | $70 | $69.06 | -14.8% | Jan 9, 2023 |
| Macquarie | Paul Golding | $100 | $62.67 | +21.7% | Nov 7, 2022 |
| Canaccord Genuity | Joseph Vafi | $150 | $62.52 | +82.5% | Nov 4, 2022 |
| Jefferies | Trevor Williams | $70 | $60.11 | -14.8% | Nov 4, 2022 |
| Jefferies | Trevor Williams | $70 | $54.53 | -14.8% | Oct 19, 2022 |
| Mizuho Securities | Dan Dolev | $57 | $59.45 | -30.6% | Sep 22, 2022 |
| Evercore ISI | David Togut | $55 | $69.58 | -33.1% | Sep 14, 2022 |
| Wells Fargo | Jeff Cantwell | $120 | $72.76 | +46.0% | Jul 27, 2022 |
| Macquarie | Wei Sim | $64 | $66.8 | -22.1% | Jul 19, 2022 |
| Credit Suisse | Timothy Chiodo | $170 | $63.23 | +106.9% | Jun 15, 2022 |
| Needham | Mayank Tandon | $135 | $83.23 | +64.3% | May 23, 2022 |
| BMO Capital | James Fotheringham | $126 | $84.39 | +53.3% | May 11, 2022 |
| UBS | Rayna Kumar | $167 | $83.86 | +103.2% | May 10, 2022 |
| Goldman Sachs | Michael Ng | $152 | $95.55 | +85.0% | May 6, 2022 |
| Oppenheimer | Dominick Gabriele | $150 | $98.86 | +82.5% | May 4, 2022 |
| Susquehanna | James Friedman | $160 | $99.93 | +94.7% | Apr 28, 2022 |
| Credit Suisse | Analyst unavailable | $180 | $102.67 | +119.0% | Apr 25, 2022 |
| Wells Fargo | Jeff Cantwell | $165 | $123.22 | +100.8% | Apr 10, 2022 |
| KeyBanc | Josh Beck | $180 | $128.77 | +119.0% | Apr 6, 2022 |
| Mizuho Securities | Dan Dolev | $215 | $133.62 | +161.6% | Apr 3, 2022 |
| Morgan Stanley | James Faucette | $146 | $135.4 | +77.7% | Mar 23, 2022 |
| Robert W. Baird | David Koning | $128 | $108.87 | +55.8% | Mar 10, 2022 |
| Barclays | Ramsey El Assal | $205 | $100.62 | +149.5% | Mar 8, 2022 |
| UBS | Rayna Kumar | $178 | $126.06 | +116.6% | Mar 1, 2022 |
| D.A. Davidson | Chris Brendler | $175 | $127.5 | +112.9% | Feb 28, 2022 |
| BMO Capital | James Fotheringham | $159 | $127.5 | +93.5% | Feb 27, 2022 |
| Cowen & Co. | Georgios Mihalos | $188 | $119.82 | +128.8% | Feb 25, 2022 |
| Canaccord Genuity | Joseph Vafi | $210 | $119.82 | +155.5% | Feb 25, 2022 |
| Jefferies | Trevor Williams | $155 | $119.82 | +88.6% | Feb 25, 2022 |
| BTIG | Mark Palmer | $230 | $119.82 | +179.9% | Feb 25, 2022 |
| Needham | Mayank Tandon | $175 | $119.82 | +112.9% | Feb 25, 2022 |
| Bernstein | Harshita Rawat | $200 | $119.82 | +143.4% | Feb 25, 2022 |
| Citigroup | Peter Christiansen | $220 | $119.82 | +167.7% | Feb 25, 2022 |
| Rosenblatt Securities | Sean Horgan | $210 | $119.82 | +155.5% | Feb 25, 2022 |
| MoffettNathanson | Lisa Elis | $200 | $119.82 | +143.4% | Feb 25, 2022 |
| J.P. Morgan | Tien Tsin Huang | $192 | $119.82 | +133.6% | Feb 25, 2022 |
| Credit Suisse | Timothy Chiodo | $190 | $119.82 | +131.2% | Feb 25, 2022 |
| Bank of America Securities | Jason Kupferberg | $185 | $97.72 | +125.1% | Feb 18, 2022 |
| Wolfe Research | Darrin Peller | $170 | $107.88 | +106.9% | Feb 11, 2022 |
| Wedbush | Moshe Katri | $140 | $107.88 | +70.4% | Feb 11, 2022 |
| Evercore ISI | David Togut | $272 | $111 | +231.0% | Jan 26, 2022 |
| Mizuho Securities | Dan Dolev | $210 | $115.3 | +155.5% | Jan 25, 2022 |
| Tigress Financial | Ivan Feinseth | $310 | $231.85 | +277.2% | Nov 17, 2021 |
| Piper Sandler | Christopher Donat | $250 | $237.38 | +204.2% | Nov 5, 2021 |
| Atlantic Equities | Kunaal Malde | $300 | $237.41 | +265.1% | Oct 12, 2021 |
| KBW | Steven Kwok | $325 | $269.49 | +295.5% | Aug 3, 2021 |
| Oddo BHF | Martin Marandon-Carlhian | $340 | $272.38 | +313.7% | Aug 2, 2021 |
Track every rating change on XYZ the moment it posts. Free to start.
Start freeMarket reaction
event-close to next-session close
Stock move
+6.7%
Event window
SPY move
+0.8%
Same window
Abnormal move
+5.9%
Stock minus SPY
Volume
2.5×
Versus trailing sessions
Subsequent drift
-6.6%
Up to 20 sessions
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Try FN2 freeTranscript intelligence
What changed
Block reported Q1 2026 EPS of $0.85 versus a $0.675 estimate (25.9% surprise) and revenue of $6.06 billion versus $6.03 billion estimated (0.4% surprise). Full-year guidance was raised. Key operational developments: (1) AI tools increased production code changes per engineer by more than 2.5x year-over-year, with Moneybot and Managerbot now live and showing early upside in retention and cross-sell; (2) the ISO partnership network grew to over 140 active partners, generating new seller volume equivalent to 70 field reps; (3) the Neighborhoods program added more sellers in April than in its entire history, reaching $320 million annualized GPV; (4) Cash App and Square both delivered double-digit GPV growth with strong margins. The stock moved +6.7% on the print (versus a +0.8% benchmark move) before drifting -6.6% over subsequent sessions, on 2.5x baseline volume.
Guidance delta
Management raised full-year guidance, extending the Q4 2025 increase that set targets of 18% gross profit growth, $3.2 billion in adjusted operating income, and $3.66 EPS for 2026. The Q1 raise reflects stronger-than-expected momentum across both Cash App and Square, AI-driven productivity gains, and expanded sales channels. Management indicated plans to increase go-to-market spending in high-ROI segments, signaling confidence that incremental investment will compound rather than dilute margins.
Key takeaways
- Q1 EPS of $0.85 beat the $0.675 consensus by 25.9%; revenue of $6.06B topped the $6.03B estimate.
- Full-year guidance was raised, extending the prior quarter's already-elevated 2026 targets.
- AI tools drove 2.5x more code changes per engineer year-over-year; Moneybot and Managerbot are now live.
- Cash App and Square both delivered double-digit GPV growth with strong margins.
- ISO channel expanded to 140+ partners; Neighborhoods reached $320M annualized GPV.
- Stock rallied 6.7% post-earnings but subsequently drifted -6.6%.
Management priorities
- Scale AI products (Moneybot, Managerbot, Builderbot) and embed them across the platform.
- Accelerate go-to-market spending in high-ROI segments for Cash App and Square.
- Expand BNPL features (Afterpay Pre-Purchase, Post-Purchase) and Cash App Green.
- Roll out Cash App Score and managed accounts for kids (ages 6-12).
- Introduce new pricing and packaging initiatives for Square sellers.
- Expand the Neighborhoods program to additional hardware types and increase seller enrollment.
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 · 2026-07-30T00:01:24.667709+00:00
- Financial Modeling Prep analyst price-target consensus and quote snapshot · 2026-07-30T00:01:24.664641+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 . For educational purposes only; not investment advice.