Block (NYSE:XYZ) Updates Q3 2026 Earnings Guidance

Block (NYSE:XYZ) updated its third quarter 2026 earnings guidance on Wednesday morning. The company provided earnings per share guidance of 1.020-1.020 for the period, compared to the consensus earnings per share estimate of 0.930. The company issued revenue guidance of -. Block also updated its FY 2026 guidance to 4.020-4.020 EPS.

Wall Street Analyst Weigh In

Several equities analysts have recently weighed in on the company. Royal Bank Of Canada lifted their price target on Block from $93.00 to $95.00 and gave the company an “outperform” rating in a research report on Thursday. Morgan Stanley restated an “overweight” rating on shares of Block in a research report on Wednesday. Barclays initiated coverage on Block in a research note on Tuesday, July 7th. They set an “overweight” rating and a $100.00 price objective for the company. Susquehanna upped their price objective on shares of Block from $90.00 to $100.00 and gave the stock a “positive” rating in a research report on Thursday. Finally, Canaccord Genuity Group upped their target price on shares of Block from $80.00 to $85.00 and gave the stock a “buy” rating in a research report on Monday, May 18th. Three research analysts have rated the stock with a Strong Buy rating, twenty-seven have assigned a Buy rating and nine have issued a Hold rating to the company’s stock. According to MarketBeat.com, the company has a consensus rating of “Moderate Buy” and a consensus target price of $92.76.

Block Stock Performance

Shares of XYZ stock opened at $79.14 on Friday. The stock has a fifty day moving average of $76.64 and a 200 day moving average of $67.95. Block has a 52 week low of $48.21 and a 52 week high of $86.75. The company has a quick ratio of 1.99, a current ratio of 1.99 and a debt-to-equity ratio of 0.26. The firm has a market capitalization of $47.10 billion, a price-to-earnings ratio of 141.31, a PEG ratio of 1.06 and a beta of 2.53.

Block (NYSE:XYZ) last announced its quarterly earnings results on Wednesday, August 5th. The technology company reported $1.02 earnings per share (EPS) for the quarter, beating the consensus estimate 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 quarter in the prior year, the firm earned $0.62 EPS. Block’s quarterly revenue 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, research analysts expect that Block will post 2.48 earnings per share for the current year.

Insider Transactions at Block

In other Block news, Director Anthony Mathew Eisen sold 6,000 shares of Block stock in a transaction on Thursday, August 6th. The stock was sold at an average price of $83.07, for a total transaction of $498,420.00. Following the completion of the transaction, the director owned 1,560,672 shares in the company, valued at approximately $129,645,023.04. The trade was a 0.38% decrease in their ownership of the stock. 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, insider Brian Grassadonia sold 25,908 shares of Block stock in a transaction dated Monday, August 3rd. The stock was sold at an average price of $81.64, for a total value of $2,115,129.12. Following the completion of the transaction, the insider directly owned 531,746 shares of the company’s stock, valued at approximately $43,411,743.44. This represents a 4.65% decrease in their position. Additional details regarding this sale are available in the official SEC disclosure. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. Insiders sold a total of 432,208 shares of company stock worth $33,773,675 over the last ninety days. Insiders own 11.37% of the company’s stock.

Key Headlines Impacting 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.

Institutional Trading of Block

Large investors have recently made changes to their positions in the stock. Baird Financial Group Inc. bought a new stake in Block in the 2nd quarter worth approximately $1,866,000. Brown Advisory Inc. bought a new position in shares of Block in the second quarter worth about $516,000. Jump Financial LLC bought a new stake in Block during the 2nd quarter worth approximately $385,000. Federated Hermes Inc. purchased a new position in shares of Block during the 2nd quarter valued at $53,000. Finally, Cerity Partners LLC purchased a new position in shares of Block in the second quarter valued at about $1,861,000. 70.44% of the stock is currently 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.