Block (NYSE:XYZ) Releases FY 2026 Earnings Guidance

Block (NYSE:XYZ) issued an update on its FY 2026 earnings guidance on Wednesday. The company provided earnings per share (EPS) guidance of 4.020-4.020 for the period, compared to the consensus 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 Block stock opened at $84.20 on Thursday. The stock has a market capitalization of $50.11 billion, a price-to-earnings ratio of 65.78, a price-to-earnings-growth ratio of 1.07 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 has a 12 month low of $48.21 and a 12 month high of $86.75. The business has a 50-day moving average of $76.54 and a 200 day moving average of $67.85.

Block (NYSE:XYZ) last issued its quarterly earnings data on Wednesday, August 5th. The technology company reported $1.02 earnings per share for the quarter, topping the consensus estimate of $0.48 by $0.54. Block had a net margin of 3.30% and a return on equity of 7.02%. The business had revenue of $6.62 billion during the quarter. During the same quarter in the prior year, the firm posted $0.62 EPS. The firm’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, sell-side analysts forecast that Block will post 2.48 earnings per share for the current year.

Analyst Ratings Changes

XYZ has been the topic of a number of research analyst reports. Keefe, Bruyette & Woods lifted their target price on Block from $85.00 to $90.00 and gave the company an “outperform” rating in a report on Friday, May 8th. Rosenblatt Securities set a $100.00 price target on Block in a research note on Tuesday, June 30th. Canaccord Genuity Group boosted their price target on shares of Block from $80.00 to $85.00 and gave the company a “buy” rating in a report on Monday, May 18th. Craig Hallum began coverage on Block in a report on Tuesday, June 30th. They set a “buy” rating for the company. Finally, UBS Group reissued a “buy” rating and issued a $98.00 price target on shares of Block in a report on Thursday. Three analysts have rated the stock with a Strong Buy rating, twenty-five have issued a Buy rating and ten have given a Hold rating to the company. According to data from MarketBeat.com, the company presently has a consensus rating of “Moderate Buy” and an average price target of $90.47.

Insider Buying and Selling at Block

In related news, Director Anthony Mathew Eisen sold 6,000 shares of the stock in a transaction that occurred on Monday, August 3rd. The shares were sold at an average price of $81.52, for a total transaction of $489,120.00. Following the sale, the director owned 1,613,672 shares in the company, valued at approximately $131,546,541.44. This trade represents a 0.37% decrease in their position. The transaction was disclosed in a legal filing with the SEC, which is accessible through this link. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. Also, insider Brian Grassadonia sold 25,908 shares of the company’s stock in a transaction that occurred on Monday, August 3rd. The stock was sold at an average price of $81.64, for a total transaction of $2,115,129.12. Following the transaction, the insider owned 531,746 shares of the company’s stock, valued at approximately $43,411,743.44. This represents a 4.65% decrease in their ownership of the stock. The SEC filing for this sale provides additional information. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. Over the last three months, insiders have sold 385,208 shares of company stock worth $29,755,405. 11.37% of the stock is currently owned by insiders.

More Block News

Here are the key news stories impacting Block this week:

• Positive Sentiment: Quarterly earnings and revenue beat expectations. Block reported adjusted EPS of $1.02, up from $0.62 a year earlier and above estimates of $0.48–$0.86. Revenue rose 9.3% year over year to $6.62 billion. Block Q2 Earnings and Revenues Beat Estimates
• Positive Sentiment: Management raised earnings guidance above Wall Street expectations. Block forecast third-quarter EPS of $1.02 versus consensus of $0.93 and full-year 2026 EPS of $4.02 versus consensus of $3.62. The outlook suggests improving cost control and operating leverage. Block Announces Second Quarter 2026 Results
• Positive Sentiment: Analysts became more bullish. Needham raised its price target from $95 to $100 and maintained a “buy” rating. Cantor Fitzgerald reaffirmed its “overweight” rating with a $95 target, implying additional upside from recent levels.
• Positive Sentiment: AI and restructuring efforts are beginning to support profitability. Block’s plan to reduce its workforce by approximately 40% and emphasize artificial intelligence appears to be contributing to lower costs and better earnings, though the strategy remains in its early stages. Block’s AI Overhaul Starts Showing Up in Results
• Neutral Sentiment: Valuation and technical positioning warrant caution. Block has a “Moderate Buy” consensus rating and an average analyst target of $89.40, but its P/E ratio is approximately 65.8 and the stock is near its 52-week high, leaving limited room for execution mistakes.
• Negative Sentiment: Insider selling could weigh on sentiment. Director Brian Grassadonia sold 25,908 shares worth about $2.1 million under a pre-arranged Rule 10b5-1 plan. The scheduled nature of the sale reduces its significance, but it follows other recent sales by the insider. Brian Grassadonia Insider Transaction

Hedge Funds Weigh In On Block

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

Block Company Profile

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.