XYZ Q1 2025 Earnings
Reported May 1, 2025 at 4:11 PM ET · SEC Source
Q1 25 EPS
$0.56
MISS 40.68%
Est. $0.94
Q1 25 Revenue
$5.77B
MISS 6.63%
Est. $6.18B
vs S&P Since Q1 25
+23.4%
BEATING MARKET
XYZ +50.5% vs S&P +27.2%
Market Reaction
Did XYZ Beat Earnings? Q1 2025 Results
Block delivered a disappointing first quarter, missing on both top and bottom lines as softening consumer behavior weighed on its core Cash App business. Adjusted EPS came in at $0.56, falling short of the $0.94 consensus estimate by 40.68%, while re… Read more Block delivered a disappointing first quarter, missing on both top and bottom lines as softening consumer behavior weighed on its core Cash App business. Adjusted EPS came in at $0.56, falling short of the $0.94 consensus estimate by 40.68%, while revenue of $5.77 billion trailed expectations by 6.63% and slipped 3.1% year over year, hurt largely by declining Bitcoin revenue and weaker Cash App inflows and Card spending that deteriorated as the quarter progressed. The stock tumbled more than 20% in pre-market trading following the report, extending a steep year-to-date decline. Bright spots included record Adjusted Operating Income of $466.27 million, up 28% year over year, and gross profit growth of 9% to $2.29 billion, though even those figures fell short of management's own bar. Looking ahead, Block trimmed its full-year 2025 gross profit guidance to $9.96 billion, reflecting macro caution, but maintained its $1.90 billion Adjusted Operating Income target, with management forecasting growth to accelerate toward mid-teens by the fourth quarter as Cash App Borrow expands and the Cash App Afterpay launch gains traction.
Key Takeaways
- • Cash App gross profit growth driven by Cash App Borrow, Cash App Card, and BNPL
- • Square gross profit growth driven by banking products and software and integrated payments
- • Adjusted Operating Income grew 28% YoY to record $466 million
- • Square GPV grew 8.2% YoY on constant currency basis
- • BNPL GMV reached $7.89 billion, growing 16% YoY on constant currency basis
- • Gross profit per Cash App transacting active reached $81, up 9% YoY
- • Inflows per transacting active reached $1,355, up 8% YoY
XYZ YoY Financials
Q1 2025 vs Q1 2024, source: SEC Filings
XYZ Revenue by Segment
With YoY comparisons, source: SEC Filings
“Our growth in the first half of this year does not meet our bar, and we remain confident in our ability to accelerate Block's gross profit growth in the second half of 2025 and beyond.”
— Jack Dorsey, Q1 2025 Earnings Press Release
XYZ Earnings Trends
XYZ vs Market 30 Day Price Reactions
30-day stock return vs benchmark after each earnings
XYZ EPS Trend
Earnings per share: estimate vs actual
XYZ Revenue Trend
Quarterly revenue: estimate vs actual
XYZ Quarterly Results
4 quarters of earnings data
| Quarter | EPS Est. | EPS Act. | Surprise | Revenue | Rev. Surprise |
|---|---|---|---|---|---|
| Q4 25 BEAT FY | $0.64 | $0.65 | +1.67% | $6.25B | -1.41% |
| FY Full Year | $2.39 | $2.37 | -0.69% | $24.19B | -0.37% |
| Q3 25 MISS | $0.66 | $0.54 | -18.18% | $6.11B | -3.12% |
| Q2 25 MISS | $0.68 | $0.62 | -8.78% | $6.05B | -3.79% |
| Q1 25 MISS | $0.94 | $0.56 | -40.68% | $5.77B | -6.63% |