Block (XYZ) Reports Q3 Earnings: What Key Metrics Have to Say

Core Insights - Block reported revenue of $6.11 billion for the quarter ended September 2025, reflecting a 2.3% increase year-over-year, but fell short of the Zacks Consensus Estimate by 3.58% [1] - Earnings per share (EPS) was $0.54, down from $0.88 in the same quarter last year, representing a surprise of -14.29% against the consensus estimate of $0.63 [1] Financial Performance Metrics - Gross Payment Volume (GPV) reached $69.28 billion, exceeding the average estimate of $68.62 billion [4] - GPV for Square was $67.15 billion, surpassing the average estimate of $66.51 billion [4] - GPV for Cash App was $2.13 billion, slightly below the estimated $2.16 billion [4] - Cash App Monthly Transacting Actives totaled 58 million, exceeding the estimate of 57.59 million [4] - Bitcoin revenue was reported at $1.97 billion, significantly lower than the average estimate of $2.32 billion, marking a 19% year-over-year decline [4] - Subscription and services-based revenue was $2.2 billion, slightly above the estimate of $2.17 billion, reflecting a 22.6% year-over-year increase [4] - Hardware revenue reached $70.19 million, well above the average estimate of $37.02 million, indicating a 90.5% year-over-year growth [4] - Transaction-based revenue was $1.87 billion, matching the average estimate and showing a 9.4% increase year-over-year [4] - Total revenue for Square was $2.24 billion, slightly above the estimate of $2.22 billion, with a year-over-year change of 12% [4] - Total revenue for Cash App was $3.8 billion, below the estimate of $4.06 billion, reflecting a 3.3% year-over-year decline [4] - Square hardware revenue was $40.65 million, exceeding the estimate of $37.3 million, with a year-over-year change of 10.7% [4] - Square subscription and services-based revenue was $382.18 million, above the estimate of $369.25 million, indicating an 18.5% year-over-year increase [4] Stock Performance - Block's shares have returned -9.2% over the past month, contrasting with the Zacks S&P 500 composite's +1.3% change [3] - The stock currently holds a Zacks Rank 3 (Hold), suggesting it may perform in line with the broader market in the near term [3]