Block, Inc. (XYZ) Research | Aerarium Research

Forward Estimates

EPS Estimates

Current Qtr

$0.87

$0.83$0.97

vs $0.62+40.1%

32 analysts

Next Qtr

$1.01

$0.91$1.13

vs $0.54+86.9%

29 analysts

Current Yr

$3.90

$3.77$4.12

vs $2.37+64.4%

39 analysts

Next Yr

$4.98

$2.82$5.48

vs $3.90+27.9%

41 analysts

Revenue Estimates

Current Qtr

$6.49B

$6.04B$7.08B

vs $6.05B+7.2%

25 analysts

Next Qtr

$6.60B

$6.29B$7.04B

vs $6.11B+7.9%

25 analysts

Current Yr

$26.21B

$24.98B$31.38B

vs $24.19B+8.4%

36 analysts

Next Yr

$29.31B

$27.30B$34.62B

vs $26.21B+11.8%

35 analysts

SEC filings →

View all 10-K, 10-Q, and 8-K filings for XYZ on EDGAR.

XYZ filing events and research context
Filed	Item	Context
May 7, 2026	mda_quarterly	Gross profit for the first quarter of 2026 rose 27% year-over-year to $2.9 billion, driven primarily by Cash App’s $1.9 billion gross profit (+38%) and growth in Cash App Borrow. Square generated $981.5 million in gross profit (+9%), supported by Square Loans. Despite these gains, the company reported a net loss of $308.7 million, influenced by a $172.8 million bitcoin remeasurement loss and a significant restructuring. A February 2026 workforce plan cut headcount by over 40%, resulting in $495.3 million in first-quarter charges but targeting $800 million to $900 million in annualized cost savings. Revenue growth was strong in financial solutions (+51%) and commerce enablement (+14%), the latter bolstered by Food and Beverage sellers and Afterpay Post-Purchase. However, transaction, loan, and consumer receivable losses surged 195% to $500.1 million, reflecting the scaling of Cash App Borrow and Afterpay. General and administrative expenses also increased due to $253.8 million in litigation and regulatory accruals. The company maintains $9.1 billion in liquidity and repurchased $636 million of Class A common stock during the quarter.
Feb 26, 2026	business	Block, Inc. operates a dual-ecosystem model centered on economic empowerment through integrated financial technology. The Square ecosystem provides commerce enablement and financial services to over 4.5 million sellers, ranging from sole proprietors to mid-market enterprises, through a suite of hardware, software, and payment processing tools. The Cash App ecosystem serves 59 million monthly transacting actives in the U.S., offering peer-to-peer payments, banking, stock brokerage, and Buy Now, Pay Later (BNPL) services. A third pillar, the Bitcoin ecosystem, integrates digital asset functionality across both platforms while developing proprietary hardware like Bitkey and mining systems. Revenue is categorized into Commerce Enablement, Financial Solutions, and the Bitcoin Ecosystem. The company leverages AI and automation to drive operational efficiency and risk management. Key risks include intense competition from established financial institutions and fintech peers, evolving regulatory requirements across payments, lending, and virtual currencies, and the inherent volatility of bitcoin-related revenue. Notably, the company is undergoing a significant restructuring, with a workforce reduction of over 40% expected to conclude by mid-2026 to align with its strategic priorities. The business exhibits seasonal patterns, with Square’s commerce revenue peaking in the fourth quarter and Cash App’s inflows often influenced by tax refund cycles.
Feb 26, 2026	mda	Block, Inc. reported 2025 gross profit of $10.4 billion, a 17% year-over-year increase, driven by strong performance in its two primary ecosystems. Cash App gross profit rose 21% to $6.3 billion, fueled by the expansion of Cash App Borrow, while Square gross profit grew 9% to $3.9 billion, supported by financial solutions like Square Loans. Despite these gains, total net revenue remained flat at $24.2 billion, as an 18% decline in Bitcoin ecosystem revenue—driven by lower trading volumes—offset growth in other segments. The company is prioritizing disciplined growth and cost efficiency. In February 2026, management announced a workforce reduction plan targeting a 40% headcount decrease to better align with strategic priorities, expecting to incur $450 million to $500 million in restructuring charges. Operating expenses in 2025 were impacted by a 68% surge in transaction, loan, and consumer receivable losses, largely due to the rapid scaling of Cash App Borrow and BNPL products. Liquidity remains robust at $9.2 billion, supported by $8.4 billion in cash and marketable securities. Capital allocation in 2025 included $2.3 billion in share repurchases and the settlement of $1.0 billion in convertible notes, partially offset by $2.2 billion in proceeds from new senior notes.

Filed

Item

Context

May 7, 2026

mda_quarterly

Gross profit for the first quarter of 2026 rose 27% year-over-year to $2.9 billion, driven primarily by Cash App’s $1.9 billion gross profit (+38%) and growth in Cash App Borrow. Square generated $981.5 million in gross profit (+9%), supported by Square Loans. Despite these gains, the company reported a net loss of $308.7 million, influenced by a $172.8 million bitcoin remeasurement loss and a significant restructuring. A February 2026 workforce plan cut headcount by over 40%, resulting in $495.3 million in first-quarter charges but targeting $800 million to $900 million in annualized cost savings. Revenue growth was strong in financial solutions (+51%) and commerce enablement (+14%), the latter bolstered by Food and Beverage sellers and Afterpay Post-Purchase. However, transaction, loan, and consumer receivable losses surged 195% to $500.1 million, reflecting the scaling of Cash App Borrow and Afterpay. General and administrative expenses also increased due to $253.8 million in litigation and regulatory accruals. The company maintains $9.1 billion in liquidity and repurchased $636 million of Class A common stock during the quarter.

Feb 26, 2026

business

Block, Inc. operates a dual-ecosystem model centered on economic empowerment through integrated financial technology. The Square ecosystem provides commerce enablement and financial services to over 4.5 million sellers, ranging from sole proprietors to mid-market enterprises, through a suite of hardware, software, and payment processing tools. The Cash App ecosystem serves 59 million monthly transacting actives in the U.S., offering peer-to-peer payments, banking, stock brokerage, and Buy Now, Pay Later (BNPL) services. A third pillar, the Bitcoin ecosystem, integrates digital asset functionality across both platforms while developing proprietary hardware like Bitkey and mining systems. Revenue is categorized into Commerce Enablement, Financial Solutions, and the Bitcoin Ecosystem. The company leverages AI and automation to drive operational efficiency and risk management. Key risks include intense competition from established financial institutions and fintech peers, evolving regulatory requirements across payments, lending, and virtual currencies, and the inherent volatility of bitcoin-related revenue. Notably, the company is undergoing a significant restructuring, with a workforce reduction of over 40% expected to conclude by mid-2026 to align with its strategic priorities. The business exhibits seasonal patterns, with Square’s commerce revenue peaking in the fourth quarter and Cash App’s inflows often influenced by tax refund cycles.

Feb 26, 2026

mda

Block, Inc. reported 2025 gross profit of $10.4 billion, a 17% year-over-year increase, driven by strong performance in its two primary ecosystems. Cash App gross profit rose 21% to $6.3 billion, fueled by the expansion of Cash App Borrow, while Square gross profit grew 9% to $3.9 billion, supported by financial solutions like Square Loans. Despite these gains, total net revenue remained flat at $24.2 billion, as an 18% decline in Bitcoin ecosystem revenue—driven by lower trading volumes—offset growth in other segments. The company is prioritizing disciplined growth and cost efficiency. In February 2026, management announced a workforce reduction plan targeting a 40% headcount decrease to better align with strategic priorities, expecting to incur $450 million to $500 million in restructuring charges. Operating expenses in 2025 were impacted by a 68% surge in transaction, loan, and consumer receivable losses, largely due to the rapid scaling of Cash App Borrow and BNPL products. Liquidity remains robust at $9.2 billion, supported by $8.4 billion in cash and marketable securities. Capital allocation in 2025 included $2.3 billion in share repurchases and the settlement of $1.0 billion in convertible notes, partially offset by $2.2 billion in proceeds from new senior notes.

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XYZ filing events and research context

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