Block (XYZ) Reports Q1 Earnings: What Key Metrics Have to Say

Core Insights - Block reported a revenue of $5.77 billion for the quarter ended March 2025, reflecting a 3.1% decline year-over-year and a surprise of -6.65% compared to the Zacks Consensus Estimate of $6.18 billion [1] - The earnings per share (EPS) was $0.56, down from $0.85 in the same quarter last year, resulting in an EPS surprise of -36.36% against the consensus estimate of $0.88 [1] Financial Performance Metrics - Gross Payment Volume (GPV) was reported at $56.80 billion, below the estimated $57.92 billion [4] - Square's GPV was $54.10 billion, slightly below the average estimate of $54.34 billion [4] - Cash App's GPV was $2.70 billion, significantly lower than the estimated $3.54 billion [4] - Cash App Monthly Transacting Actives stood at 57 million, slightly below the estimate of 57.34 million [4] - Hardware revenue was $28.69 million, compared to the average estimate of $32.20 million, marking an 11.7% decline year-over-year [4] - Subscription and services-based revenue was $1.89 billion, matching the average estimate and showing a 12.4% increase year-over-year [4] - Transaction-based revenue was $1.55 billion, slightly below the estimate of $1.58 billion, with a year-over-year increase of 2.6% [4] - Bitcoin revenue was $2.30 billion, below the estimate of $2.70 billion, representing a 15.7% decline year-over-year [4] - Total revenue for Square was $1.85 billion, slightly below the estimate of $1.86 billion, with a year-over-year increase of 7.1% [4] - Square's hardware revenue was $28.52 million, below the estimate of $33.48 million, reflecting a 10.4% decline year-over-year [4] - Corporate and Other revenue totaled $40.62 million, significantly below the estimate of $52.71 million, marking a 25% decline year-over-year [4] - Square's subscription and services-based revenue was $339.15 million, slightly above the estimate of $338.32 million, with a year-over-year increase of 14.5% [4] Stock Performance - Block's shares returned +1.1% over the past month, outperforming the Zacks S&P 500 composite, which declined by -0.7% [3] - The stock currently holds a Zacks Rank 3 (Hold), indicating expected performance in line with the broader market in the near term [3]