What is the revenue and EPS growth rate for Block year over year?

Did Block beat or miss consensus estimates last quarter?

What were the key takeaways from Block's earnings call?

What is Block's latest dividend and current dividend yield?

What factors drove the changes in Block's revenue and profit?

What is Block's gross profit margin?

What were the key takeaways from Block’s earnings call?

What does Block do and what are its main business segments?

- **Revenue Growth**: 15% YoY driven by Cash-up (24% GP growth) and Square (9% GP growth). 
- **AI & Borrow Success**: 134% YoY borrow origination, 24% net margin, with 1.5M pools created in October. 
- **Active Expansion**: 58M monthly actives (20% YoY), 5M teen savings actives, and 8.3M primary banking actives. 
- **Profitability**: 18% adjusted operating margin, $480M operating income, and 28% YoY gross profit growth. 
- **Future Guidance**: Q4 2025: $2.755B GP (+19% YoY), 20% margin; full-year $10.24B GP (+15% YoY). 
- **Strategic Moves**: Bitcoin acceptance for sellers, AI-powered Square tools, and 2026 Rule of 40 approach.

**【CEO Summary Section】**
- Block reported 15% year-over-year revenue growth, driven by a recovery in the North American market and accelerated growth in Cash-up's gross profit (24% YoY). 
- CEO Jack emphasized AI as a strategic priority, with Square AI tools automating seller operations and Cash-up Borrow origination growing 134% YoY. 
- The company achieved 58 million monthly actives in September, up 20% YoY, with gross profit per active rising 25% YoY. 
- Block introduced Neighborhoods on Cash-up, connecting sellers with 58M actives via 1% processing rates and customizable rewards.

**【CFO Financial Commentary】
- GAAP net income: $420M; Non-GAAP EPS: $1.08 (exceeding expectations). 
- Adjusted operating income: $480M (18% margin), up 28% YoY. 
- Transaction, loan, and risk loss expense grew 89% YoY due to borrow scaling, with losses below 3% target. 
- Full-year guidance: $10.24B gross profit (+15% YoY), $2.06B adjusted operating income (+28% YoY). 
- Q4 2025: 19% YoY gross profit growth to $2.755B, 20% adjusted operating margin, approaching Rule of 40.

**【Q&A Key Highlights】**
- **Active Growth**: 58M monthly actives (20% YoY), with 1.5M pools created in October. Teen savings actives reached 5M, driving engagement. 
- **Field Sales**: 100+ field reps added, NVA up 28% YoY, with 70% of Square NVA from self-onboarding. 
- **Borrow Performance**: $22B annualized origination, 24% net margin, 134% YoY growth. Borrow actives show 3x higher inflows and 2x card spend vs. non-borrowers. 
- **AI & Banking**: 8.3M primary banking actives (+18% YoY), with ARPU uplift from Cash-up Card cross-sell. 
- **Bitcoin Integration**: Sellers to accept Bitcoin with 0% fees, launching November 2025. 
- **Investor Day**: Upcoming on Nov 19 to detail 2026+ outlook, including AI-driven growth and Rule of 40 progress.

Block, Inc. (XYZ) Q3 2025 Earnings Call Transcript

- **Revenue Growth**: Q2 gross profit $2.5B (+14% YoY), driven by Cash App Card, BNPL (22% YoY), and Borrow ($18B annualized origination). 
- **Product Momentum**: 1M+ monthly actives for post-purchase BNPL, 7M for Cash App Pay, and 6M for Borrow. Square Handheld launched in Q2 with strong international rollout. 
- **Margin Expansion**: Adjusted OI $550M (+38% YoY), 22% margin. Full-year OI margin target 20% vs 18% in Q3 (temporarily lower due to Borrow scale). 
- **Strategic Focus**: Accelerating AI-driven product velocity (e.g., Pools in  internet currency**: Borrow3 months), expanding banking engagement (8M act. 
- **Risksives), and Bitcoin as loss rates (~3%) and hardware costs impacting near-term margins.

**【CEO Summary Section】**
- Jack Dorsey emphasized accelerated product development and go-to-market investments, citing the rapid launch of Pools (Cash App feature enabling group payments) within 3 months and the use of AI tools like Goose to boost developer efficiency. 
- Highlighted Cash App's unique ecosystem combining peer-to-peer payments, commerce, banking, and Bitcoin, with 5 million teen actives and 1.7 million graduated individual accounts.
- Expressed confidence in AI-driven product velocity, noting 1 million monthly actives for post-purchase BNPL on Cash App Card and 7 million monthly actives for Cash App Pay.

**【CFO Financial Commentary】**
- Q2 gross profit: $2.5B (14% YoY growth), adjusted operating ( 38% YoY growth,22% margin). 
- Key income: $550M metrics:
  - Cash App Card gross profit growth at scale
  - BNPL gross profit growth 22% YoY
  - Borrow monthly actives: 6M, origination run rate: $18B annualized
  - Square GPV growth: 10% YoY, 25% international GPV growth
- Raised full-year guidance: $10.17B gross profit (14% YoY), $2.03B adjusted OI (20% margin). 
- Q3 guidance: $2.6B gross profit (16% YoY), 18% margin (temporarily lower due to Borrow expansion costs). 

**【Q&A Highlights】**
- **Product Velocity**: 1M+ monthly actives for post-purchase BNPL, outpacing Borrow's early trajectory with better unit economics. 
- **Borrow Expansion**: 6M monthly actives, 3%+ loss rate, testing higher limits for paycheck deposit users. 
- **Square Sales**: Field sales payback period 5-6 quarters, new volume added growth >20%, hardware (Handheld) driving customer acquisition. 
- **Bitcoin vs Stablecoins**: Focus on Bitcoin as internet-native currency; stablecoins viewed as remittance tool with limited differentiation. 
- **Cash App Banking**: 8M actives (deposit or $500+ monthly spend), ARPU $250+ annualized, 16% YoY growth. 
- **Proto Mining**: Launching custom-built miners next week, targeting flexible, customer-centric solutions.

Block, Inc. (XYZ) Q2 2025 Earnings Call Transcript

- **Gross Profit Growth Target**: 12% YoY ($9.96B) with H2 acceleration driven by Borrow (2x eligible actives) and Afterpay retroactive splits.
- **Square Product Velocity**: 100+ new features launching in May, including AI-powered seller insights and improved food delivery integrations.
- **Macro Resilience**: 19% adjusted operating margin maintained via disciplined cost control and high ROI investments in sales/partnerships.
- **Proto Potential**: $3-6B bitcoin hardware market opportunity with open-source mining systems targeting developers and tinkerers.

**【CEO Key Initiatives】**
- **Square Market Share Expansion**: Achieved 9% YoY gross profit growth driven by 7.2% GPV growth and improved banking attach rates. Product innovations like Square Online and food delivery integrations are key growth drivers.
- **Cash App Network Strategy**: Shifting focus to teen and family demographics, optimizing product controls, and increasing marketing spend for network density. Retroactive BNPL (Afterpay) and Borrow integration show early traction.
- **AI Productivity Tool (Goose)**: Autonomous agents enhance engineering efficiency, with potential customer-facing applications in 2025.

**【CFO Financial Highlights】**
- **Q1 2025 Results**: Total gross profit $2.29B (+9% YoY). Square gross profit up 9% YoY, Cash App +10% YoY. Adjusted EBITDA $813M (+15% YoY), free cash flow $1.53B (TTM).
- **2025 Guidance**: Gross profit growth 12% ($9.96B), with Q2 at 9.5% and accelerating to mid-teens in Q4. Borrow and Afterpay expected to drive 2H growth. FDIC approval enables nationwide Cash App Borrow expansion.
- **Macro Prudence**: Embedded cautious macro assumptions, with flexibility to adjust investments based on ROI.

**【Q&A Key Takeaways】**
- **Borrow Expansion**: 2x eligible actives via in-house lending, with <30-day loan durations and dynamic underwriting. Early repayment rates stable.
- **Proto Bitcoin Mining**: On-track for H2 delivery, targeting $3-6B hardware market. Open-source design aims to build developer ecosystem.
- **Square Sales Momentum**: Field sales payback within 5-7 quarters, with 5x-10x partner-driven GPV growth expected in 2025.
- **Cash App Direct Deposit**: Paycheck deposit actives growing 25% YoY, linked to Borrow limits and banking feature adoption.

Block, Inc. (XYZ) Q1 2025 Earnings Call Transcript

- **Strategic Shift**: Block transitions to full-commerce platform with AI, Bitcoin, and community networks.
- **Financial Strength**: 18% gross profit growth, 69% EBITDA expansion, $2.07B free cash flow in 2024.
- **2025 Growth Drivers**: 15%+ gross profit target, 21% operating margin, 5M+ Cash App Borrow actives.
- **Innovation Highlights**: Launch of Afterpay on Cash App Card, Proto mining system, and AI-driven development velocity.
- **Execution Risks**: Q1 2025 headwinds from FX and leap year, regulatory challenges in lending.

**【CEO Strategic Overview】**
- Block is transitioning from a payments tool to a full-commerce platform, with a focus on AI automation, open-source innovation, and Bitcoin infrastructure.
- Key initiatives include the neighborhood network strategy to connect local communities, expanding Cash App Borrow and Afterpay on Cash App Card, and launching Proto, an open-source Bitcoin mining system.
- Emphasis on Rule of 40 (sum of gross profit growth and adjusted operating income margin) with a target to achieve the metric by 2026.

**【CFO Financial Highlights】**
- **2024 Performance**: 
  - Gross Profit: $8.89B (18% YoY growth)
  - Adjusted EBITDA: $3.03B (69% YoY growth)
  - Free Cash Flow: $2.07B (300% YoY increase)
  - Rule of 40: 36.5% (up 7 points YoY)
- **2025 Guidance**: 
  - Gross Profit: ≥15% YoY growth ($10.22B+ target)
  - Adjusted Operating Income: $2.1B (21% margin, +240bps YoY)
  - Key Drivers: Cash App Borrow (5M monthly actives), Afterpay on Cash App Card, and Square GPV growth.

**【Q&A Key Takeaways】**
- **Execution Proof Points**: 
  - AI-driven development velocity (e.g., internal AI assistant "Goose")
  - Product launches (Afterpay on Cash App Card, Proto mining chips)
  - Neighborhood network beta testing in high-density cities
- **Growth Drivers**: 
  - Square: 10% Q4 GPV growth, 200bps sequential improvement in U.S. retention
  - Cash App: 25% YoY growth in paycheck deposit actives, 25%+ actives eligible for Afterpay
- **Risks**: 
  - Q1 2025 headwinds from FX (50bps) and leap year comparisons
  - Regulatory scrutiny on lending products


XYZ

XYZ fundamentals

Earnings Call

You can ask Aime