JUST IN: $47 BILLION Block CFO tells CNBC Bitcoin can be the open protocol that "powers the internet." ⚡️ https://t.co/F5GoMEu2XR ...

JUST IN: 🇺🇸 $47 billion Block Inc. CFO says on CNBC, “#Bitcoin can be the open protocol that powers the internet.” https://t.co/4iucX8MjDR ...

JUST IN: Jack Dorsey's Block bought $12.6 million Bitcoin in Q2.They now hold 8,692 Bitcoin worth more than $1 BILLION. 🔥 https://t.co/tXq4N0LtiW ...

🚨JUST IN: @JACK DORSEY’S BLOCK INCREASES $BTC HELD BY 108 $BTC IN Q2, BRINGING TOTAL TO 8,692 $BTC WORTH AROUND $1B ~ COINTELEGRAPH ...

摩根大通：将Block目标价从90美元上调至100美元。 ...

Block (NYSE:SQ), the fintech company best known for its Square point-of-sale and Cash App digital finance products, reported earnings for Q2 2025 on August 7, 2025. Results delivered strong growth in profitability, with net income (GAAP) and gross profit (GAAP) both increasing year-over-year. However, Block missed consensus revenue and adjusted earnings (non-GAAP) expectations. Adjusted earnings per share (non-GAAP) were $0.62 versus the analyst estimate of $0.63. and GAAP revenue was $6.05 billion compared ...

Block aims to be an end-to-end financial hub for both consumers and merchants, integrating P2P payments, commerce tools, banking services and bitcoin capabilities across Cash App and Square. Block, owner of Square and Cash App, is betting that the future of money won't look a lot like its past. By completing this form, you agree to receive marketing communications from PYMNTS and to the sharing of your information with our sponsor, if applicable, in accordance with our Privacy Policy and Terms and Condition ...

Core Insights - Block reported revenue of $6.05 billion for the quarter ended June 2025, a decrease of 1.6% year-over-year, and EPS of $0.62, down from $0.93 in the same quarter last year [1] - The revenue fell short of the Zacks Consensus Estimate of $6.32 billion by 4.17%, while the EPS exceeded the consensus estimate of $0.60 by 3.33% [1] Financial Performance Metrics - Gross Payment Volume (GPV) reached $66.62 billion, surpassing the average estimate of $66.11 billion [4] - GPV for Square was $64.25 billion, exceeding the average estimate of $63.59 billion, while Cash App's GPV was $2.37 billion, below the estimate of $2.52 billion [4] - Subscription and services-based revenue was $2.05 billion, slightly above the average estimate of $2.03 billion, reflecting a year-over-year increase of 14.8% [4] - Hardware revenue was reported at $40.42 million, slightly above the average estimate of $40.26 million, but showed a year-over-year decline of 5.9% [4] - Transaction-based revenue totaled $1.82 billion, slightly above the average estimate of $1.81 billion, with a year-over-year increase of 6.1% [4] - Bitcoin revenue was $2.14 billion, below the average estimate of $2.52 billion, representing a year-over-year decline of 17.9% [4] - Cash App transaction-based revenue was $60.52 million, significantly lower than the estimated $69.47 million, marking a 38.8% decrease year-over-year [4] - Square transaction-based revenue was $1.76 billion, slightly above the average estimate of $1.74 billion, with an 8.9% year-over-year increase [4] - Square subscription and services-based revenue was $369.29 million, slightly below the average estimate of $369.92 million, reflecting a year-over-year increase of 14.5% [4] - Square hardware revenue was $40.1 million, below the average estimate of $41.15 million, showing a year-over-year decline of 6.4% [4] Stock Performance - Block's shares have returned +10.3% over the past month, outperforming the Zacks S&P 500 composite's +1.2% change [3] - The stock currently holds a Zacks Rank 3 (Hold), indicating potential performance in line with the broader market in the near term [3]

Company Performance - Block reported quarterly earnings of $0.62 per share, exceeding the Zacks Consensus Estimate of $0.60 per share, but down from $0.93 per share a year ago, indicating a 33.33% year-over-year decline [1] - The company posted revenues of $6.05 billion for the quarter ended June 2025, missing the Zacks Consensus Estimate by 4.17% and down from $6.16 billion year-over-year [2] - Over the last four quarters, Block has surpassed consensus EPS estimates only once and has not beaten consensus revenue estimates during the same period [2] Stock Performance - Block shares have declined approximately 10.4% since the beginning of the year, contrasting with the S&P 500's gain of 7.9% [3] - The current Zacks Rank for Block is 3 (Hold), suggesting that the shares are expected to perform in line with the market in the near future [6] Future Outlook - The consensus EPS estimate for the upcoming quarter is $0.65 on revenues of $6.38 billion, while the estimate for the current fiscal year is $2.45 on revenues of $24.94 billion [7] - The outlook for the Internet - Software industry, where Block operates, is currently in the top 28% of over 250 Zacks industries, indicating a favorable environment for potential stock performance [8]

[Music] Welcome back to fast money and earnings alert on block spiking after hours. The payments company missing top and bottom line estimates but boosting fullear guidance. It's conference calls underway.CNBC's Mackenzie Sagala is following the action. Hey Mac. Hey Mel.So Block shares popping as much as 11% in the after hours though it is pairing those gains now but it shows that investors are clearly willing to forgive that Q2 miss on earnings thanks to the company's outlook for the back half of the year. ...