Block (XYZ) Q2 Earnings on the Horizon: Analysts' Insights on Key Performance Measures

Core Insights - Analysts forecast Block (XYZ) will report quarterly earnings of $0.59 per share, reflecting a year-over-year decline of 36.6% and revenues of $6.32 billion, which is an increase of 2.6% compared to the previous year [1] - The consensus EPS estimate has been revised 7.7% lower over the last 30 days, indicating a reevaluation of initial estimates by analysts [2] - The consensus estimate for Gross Payment Volume (GPV) is projected at $66.11 billion, up from $61.94 billion reported in the same quarter last year [8] Revenue Estimates - Revenue from Subscription and services-based is expected to reach $2.03 billion, indicating a year-over-year change of +13.8% [4] - Revenue from Hardware is projected at $40.26 million, reflecting a decline of -6.3% from the prior-year quarter [5] - Transaction-based revenue is anticipated to be $1.81 billion, suggesting a year-over-year increase of +5.8% [5] - Bitcoin revenue is expected to be $2.52 billion, indicating a year-over-year decline of -3.4% [5] - Cash App Transaction-based revenue is estimated at $69.47 million, reflecting a significant decline of -29.8% year over year [6] - Square Transaction-based revenue is projected to reach $1.74 billion, indicating a year-over-year increase of +7.9% [6] - Square Subscription and services-based revenue is expected to be $369.92 million, reflecting a year-over-year increase of +14.7% [7] - Square Total revenue is projected at $2.16 billion, indicating a year-over-year increase of +8.9% [7] - Corporate and Other Total revenue is expected to reach $52.41 million, reflecting a year-over-year increase of +10.9% [7] - Cash App Bitcoin revenue is projected at $2.51 billion, indicating a year-over-year decline of -3.7% [7] Market Performance - Over the past month, Block shares have recorded returns of +6.9%, outperforming the Zacks S&P 500 composite's +0.6% change [8]