XYZ Q2 2025 Earnings
Reported Aug 7, 2025 at 4:22 PM ET · SEC Source
Q2 25 EPS
$0.62
MISS 8.78%
Est. $0.68
Q2 25 Revenue
$6.05B
MISS 3.79%
Est. $6.29B
vs S&P Since Q2 25
-24.5%
TRAILING MARKET
XYZ -11.4% vs S&P +13.1%
Market Reaction
Did XYZ Beat Earnings? Q2 2025 Results
Block delivered a mixed second quarter for fiscal 2025, falling short of Wall Street expectations on both the top and bottom lines even as the underlying business showed meaningful momentum. Adjusted diluted EPS came in at $0.62, missing the $0.68 co… Read more Block delivered a mixed second quarter for fiscal 2025, falling short of Wall Street expectations on both the top and bottom lines even as the underlying business showed meaningful momentum. Adjusted diluted EPS came in at $0.62, missing the $0.68 consensus estimate by 8.78%, while revenue of $6.05 billion trailed the $6.29 billion forecast by 3.79% and slipped 1.6% from the year-ago period. The headline revenue softness masked a more compelling gross profit story, with total gross profit growing 14% year over year to $2.54 billion, driven by Cash App's 16% gross profit expansion and a 95% surge in Borrow origination volume to $18 billion annualized, a product management flagged as the most meaningful driver of second-half acceleration. Investors weighing the results also noted Block's raised full-year 2025 guidance, with gross profit now expected at $10.17 billion and Adjusted Operating Income at $2.03 billion, reflecting a 20% margin, as the company expects to exit the year with 19% gross profit growth.
Key Takeaways
- • Cash App gross profit growth driven by Borrow, Cash App Card, and BNPL
- • Square gross profit growth driven by software and integrated payments and banking products
- • Borrow origination volume grew 95% YoY to $18 billion annualized
- • Cash App Pay volume grew 2x year over year
- • BNPL GMV reached $9.11 billion, up 17% YoY
- • Gross profit per monthly transacting active grew 15% YoY to $87
- • Strong food and beverage GPV growth of 15% and retail GPV up 10%
- • Monetization rate expanded to 1.62% with 10 bps YoY improvement
XYZ YoY Financials
Q2 2025 vs Q2 2024, source: SEC Filings
XYZ Revenue by Segment
With YoY comparisons, source: SEC Filings
“We had a strong second quarter. Square GPV grew 10% year over year and Cash App gross profit grew 16% year over year, accelerating as we exited Q2. Our focus on products that can drive network expansion is already paying off as we started rolling out Pools on Cash App in July, just four months after kicking off development work. Our shipping velocity has accelerated and I'm confident in our ability to sustain strong growth at scale.”
— Jack Dorsey, Q2 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% |