Block (NYSE:XYZ) Releases FY 2026 Earnings Guidance

Block (NYSE:XYZ) issued an update on its FY 2026 earnings guidance on Thursday morning. The company provided earnings per share (EPS) guidance of 3.850-3.850 for the period, compared to the consensus estimate of 3.350. The company issued revenue guidance of -. Block also updated its Q2 2026 guidance to 0.860-0.860 EPS.

Block Trading Up 6.7%

XYZ traded up $4.72 during trading on Friday, reaching $74.86. 12,872,342 shares of the company’s stock were exchanged, compared to its average volume of 5,085,797. The company’s fifty day moving average price is $63.99 and its 200-day moving average price is $64.19. The company has a debt-to-equity ratio of 0.26, a quick ratio of 2.20 and a current ratio of 2.20. Block has a fifty-two week low of $48.21 and a fifty-two week high of $82.50. The firm has a market capitalization of $44.85 billion, a PE ratio of 58.48, a P/E/G ratio of 1.02 and a beta of 2.57.

Block (NYSE:XYZ) last released its earnings results on Thursday, May 7th. The technology company reported $0.85 EPS for the quarter, topping analysts’ consensus estimates of $0.30 by $0.55. Block had a net margin of 3.30% and a return on equity of 6.97%. The firm had revenue of $6.06 billion during the quarter. During the same period in the prior year, the firm posted $0.56 EPS. Block’s revenue was up 4.9% on a year-over-year basis. Block has set its Q2 2026 guidance at 0.860-0.860 EPS and its FY 2026 guidance at 3.850-3.850 EPS. As a group, equities analysts forecast that Block will post 2.22 EPS for the current year.

Analysts Set New Price Targets

XYZ has been the subject of a number of analyst reports. Bank of America lowered their target price on shares of Block from $85.00 to $80.00 and set a “buy” rating for the company in a report on Wednesday, March 25th. Weiss Ratings lowered shares of Block from a “hold (c)” rating to a “hold (c-)” rating in a report on Monday. Loop Capital assumed coverage on shares of Block in a report on Tuesday, March 31st. They issued a “buy” rating and a $75.00 price target for the company. Oppenheimer reissued an “outperform” rating and issued a $91.00 price target on shares of Block in a report on Friday. Finally, Arete Research raised shares of Block from a “hold” rating to a “strong-buy” rating in a report on Tuesday, March 3rd. Four equities research analysts have rated the stock with a Strong Buy rating, twenty-seven have assigned a Buy rating, five have given a Hold rating and one has given a Sell rating to the company’s stock. Based on data from MarketBeat.com, the stock has an average rating of “Moderate Buy” and a consensus price target of $84.51.

Insider Activity

In other news, CFO Amrita Ahuja sold 30,919 shares of the business’s stock in a transaction on Tuesday, April 21st. The shares were sold at an average price of $75.00, for a total value of $2,318,925.00. Following the completion of the transaction, the chief financial officer owned 500,816 shares of the company’s stock, valued at $37,561,200. The trade was a 5.81% decrease in their position. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available at this hyperlink. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. Also, insider Brian Grassadonia sold 10,349 shares of the business’s stock in a transaction on Tuesday, February 24th. The shares were sold at an average price of $50.00, for a total transaction of $517,450.00. Following the completion of the sale, the insider directly owned 503,784 shares in the company, valued at $25,189,200. This represents a 2.01% decrease in their ownership of the stock. The SEC filing for this sale provides additional information. Insiders sold 49,725 shares of company stock worth $3,401,393 over the last quarter. Corporate insiders own 11.37% of the company’s stock.

Key Stories Impacting Block

Here are the key news stories impacting Block this week:

• Positive Sentiment: Block reported Q1 EPS of $0.85, well above estimates, while revenue came in at $6.06 billion and gross profit growth remained resilient across Cash App and Square. Block (XYZ) Q1 Earnings Surpass Estimates
• Positive Sentiment: Management raised 2026 guidance, with full-year EPS now expected at $3.85 and Q2 EPS guidance also above Wall Street expectations, reinforcing confidence in the company’s outlook. Block Lifts Guidance on Higher Payment Volumes, Boom in Lending
• Positive Sentiment: Several analysts turned more upbeat after the report, including Citigroup, RBC, KBW, Needham, and BTIG, with multiple firms raising price targets and reiterating buy/outperform ratings. Analyst price target updates on Block
• Neutral Sentiment: Some investors may note that one analyst, Piper Sandler, kept an underweight rating even while raising its price target, indicating there is still some debate over how much upside remains. Piper Sandler price target update on Block

Institutional Investors Weigh In On Block

Institutional investors have recently added to or reduced their stakes in the stock. Darwin Wealth Management LLC bought a new stake in Block in the 2nd quarter valued at $43,000. Federated Hermes Inc. bought a new stake in Block in the 2nd quarter valued at $53,000. Quattro Advisors LLC bought a new stake in Block in the 4th quarter valued at $55,000. Towarzystwo Funduszy Inwestycyjnych PZU SA lifted its position in Block by 33.3% in the 3rd quarter. Towarzystwo Funduszy Inwestycyjnych PZU SA now owns 800 shares of the technology company’s stock valued at $58,000 after acquiring an additional 200 shares in the last quarter. Finally, DV Equities LLC bought a new stake in Block in the 4th quarter valued at $60,000. 70.44% of the stock is owned by institutional investors.

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.