Block (NYSE:XYZ) Updates FY 2026 Earnings Guidance

Block (NYSE:XYZ) issued an update on its FY 2026 earnings guidance on Wednesday. The company provided EPS guidance of 4.020-4.020 for the period, compared to the consensus EPS estimate of 3.620. The company issued revenue guidance of -. Block also updated its Q3 2026 guidance to 1.020-1.020 EPS.

Block Stock Performance

Shares of XYZ stock opened at $79.14 on Friday. The company has a fifty day moving average price of $76.64 and a two-hundred day moving average price of $67.95. Block has a one year low of $48.21 and a one year high of $86.75. The stock has a market cap of $47.10 billion, a P/E ratio of 141.31, a P/E/G ratio of 1.06 and a beta of 2.53. The company has a debt-to-equity ratio of 0.26, a current ratio of 1.99 and a quick ratio of 1.99.

Block (NYSE:XYZ) last issued its earnings results on Wednesday, August 5th. The technology company reported $1.02 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $0.48 by $0.54. Block had a net margin of 1.43% and a return on equity of 8.09%. The company had revenue of $6.62 billion for the quarter. During the same period in the previous year, the company posted $0.62 earnings per share. The firm’s revenue for the quarter was up 9.3% compared to the same quarter last year. Block has set its FY 2026 guidance at 4.020-4.020 EPS and its Q3 2026 guidance at 1.020-1.020 EPS. As a group, equities analysts predict that Block will post 2.48 EPS for the current year.

Wall Street Analysts Forecast Growth

Several equities research analysts have issued reports on XYZ shares. Monness Crespi & Hardt raised their price target on Block from $115.00 to $125.00 and gave the company a “buy” rating in a report on Friday. William Blair downgraded shares of Block to a “market perform” rating in a report on Tuesday, June 30th. Oppenheimer reissued an “outperform” rating and issued a $97.00 price target on shares of Block in a report on Thursday. Rosenblatt Securities set a $100.00 target price on Block in a research note on Tuesday, June 30th. Finally, Craig Hallum initiated coverage on Block in a report on Tuesday, June 30th. They set a “buy” rating for the company. Three research analysts have rated the stock with a Strong Buy rating, twenty-seven have issued a Buy rating and nine have given a Hold rating to the stock. According to data from MarketBeat.com, the company presently has a consensus rating of “Moderate Buy” and a consensus price target of $92.76.

Insider Buying and Selling at Block

In other news, insider Brian Grassadonia sold 43,348 shares of the business’s stock in a transaction that occurred on Thursday, July 2nd. The shares were sold at an average price of $80.00, for a total value of $3,467,840.00. Following the completion of the transaction, the insider directly owned 557,654 shares in the company, valued at approximately $44,612,320. The trade was a 7.21% decrease in their position. The sale was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through this hyperlink. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. Also, Director Anthony Mathew Eisen sold 135,750 shares of the stock in a transaction that occurred on Monday, June 1st. The stock was sold at an average price of $76.81, for a total transaction of $10,426,957.50. Following the sale, the director owned 2,032,990 shares in the company, valued at $156,153,961.90. This represents a 6.26% decrease in their position. The disclosure for this sale is available in the SEC filing. Insiders have sold a total of 432,208 shares of company stock valued at $33,773,675 in the last ninety days. 11.37% of the stock is currently owned by company insiders.

Trending Headlines about Block

Here are the key news stories impacting Block this week:

• Positive Sentiment: Block beat second-quarter expectations. The company reported adjusted EPS of $1.02, well above estimates of $0.48–$0.86 and up from $0.62 a year earlier. Revenue increased 9.3% year over year to $6.62 billion, with strength in Cash App and Square. Block Q2 Earnings and Revenues Beat Estimates
• Positive Sentiment: Management raised its outlook. Block guided to third-quarter EPS of $1.02 versus the $0.93 consensus and fiscal 2026 EPS of $4.02 versus expectations of $3.62. Management also cited 25% gross-profit growth, record margins and momentum from AI-focused products. Block Q2 Earnings Call Highlights
• Positive Sentiment: Analysts raised targets across the board. Monness Crespi & Hardt lifted its target from $115 to $125 and initiated a “buy” rating. TD Cowen raised its target to $105, while RBC, Keefe, Bruyette & Woods, Susquehanna and Needham also increased targets, generally maintaining bullish ratings.
• Neutral Sentiment: Options activity showed increased bullish speculation. Investors bought 42,107 call options, approximately 55% above average daily volume. This indicates stronger upside interest but does not guarantee continued stock appreciation.
• Negative Sentiment: Insiders continued selling shares. Director Anthony Mathew Eisen sold 47,000 shares for about $4.0 million across two transactions, and Brian Grassadonia sold 25,908 shares for roughly $2.1 million. The sales were made under pre-arranged Rule 10b5-1 plans, reducing their signaling value, but repeated selling may weigh on sentiment.
• Negative Sentiment: Valuation remains demanding. With Block trading near its 52-week high and carrying a high earnings multiple, investors may take profits despite the earnings beat. Sustained gains will depend on continued Cash App and Square growth, cost savings and successful execution of the AI strategy.

Hedge Funds Weigh In On Block

A number of institutional investors have recently modified their holdings of the business. Ameriprise Financial Inc. bought a new position in shares of Block in the 2nd quarter valued at $535,305,000. Viking Global Investors LP bought a new stake in Block during the 2nd quarter worth $368,213,000. Invesco Ltd. increased its holdings in Block by 241.4% in the 3rd quarter. Invesco Ltd. now owns 3,778,298 shares of the technology company’s stock worth $273,058,000 after purchasing an additional 2,671,713 shares in the last quarter. PointState Capital LP acquired a new position in Block in the 4th quarter worth about $133,905,000. Finally, Tiger Global Management LLC raised its position in Block by 43.9% in the fourth quarter. Tiger Global Management LLC now owns 6,364,840 shares of the technology company’s stock valued at $414,287,000 after purchasing an additional 1,941,528 shares during the last quarter. Institutional investors and hedge funds own 70.44% of the company’s stock.

About Block

Block (NYSE:XYZ) is a financial technology company that builds products and services to facilitate electronic payments, commerce, and consumer finance. Its principal business lines include a seller-focused ecosystem that provides point-of-sale hardware and software, payment processing, invoicing, payroll and lending services, and a consumer-facing platform that offers peer-to-peer payments, banking-like features, and investing. Block’s portfolio also encompasses music streaming and buy-now-pay-later capabilities through businesses acquired to broaden its reach beyond core payments.

The company was founded as Square in 2009 by Jack Dorsey and Jim McKelvey and later rebranded to Block to reflect a diversified set of businesses across payments, consumer finance, and emerging technologies.