Block

XYZ Q3 2025 Earnings

Reported Nov 6, 2025 at 4:29 PM ET · SEC Source

Q3 25 EPS

$0.54

MISS 18.18%

Est. $0.66

Q3 25 Revenue

$6.11B

MISS 3.12%

Est. $6.31B

vs S&P Since Q3 25

+7.0%

BEATING MARKET

XYZ +14.4% vs S&P +7.4%

Market Reaction

Did XYZ Beat Earnings? Q3 2025 Results

Block fell short of Wall Street expectations in Q3 2025, posting adjusted diluted EPS of $0.54 against a consensus estimate of $0.66, a miss of 18.18%, while revenue of $6.11 billion trailed the $6.31 billion estimate by 3.12% and grew just 2.3% year… Read more Block fell short of Wall Street expectations in Q3 2025, posting adjusted diluted EPS of $0.54 against a consensus estimate of $0.66, a miss of 18.18%, while revenue of $6.11 billion trailed the $6.31 billion estimate by 3.12% and grew just 2.3% year over year. The headline numbers, however, obscured a more nuanced picture beneath the surface: the shortfall in adjusted EPS reflected Block's revised methodology now incorporating share-based compensation, a change that weighed on the reported figure even as gross profit surged 18% year over year to $2.66 billion. Cash App was the standout engine, with gross profit accelerating 24% year over year and monthly transacting actives reaching 58 million in September, while Square GPV posted its strongest growth since Q2 2023 at 12% year over year. Institutional interest in the stock has continued to build, with new positions being initiated by major financial firms. Looking ahead, Block raised its full-year 2025 gross profit outlook to $10.24 billion, reflecting over 15% growth, with Q4 guidance pointing to 19% gross profit expansion.

Key Takeaways

  • Cash App gross profit growth accelerated to 24% YoY driven by Cash App Borrow, BNPL, and Cash App Card
  • Square GPV growth accelerated to 12% YoY, strongest since Q2 2023
  • Food and beverage GPV growth accelerated to 17% from 10% a year ago
  • Cash App Borrow originations grew 134% YoY with 24% annualized net margins
  • Post-purchase BNPL on Cash App Card crossed $3 billion in annualized originations
  • Gross profit per transacting active reached $94, up 25% YoY
  • Inflows per transacting active growth accelerated to 10% YoY
  • Primary banking actives reached 8.3 million, up 18% YoY
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XYZ YoY Financials

Q3 2025 vs Q3 2024, source: SEC Filings

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XYZ Revenue by Segment

With YoY comparisons, source: SEC Filings

Q1 25 Q4 25