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Block Inc. Misses Q3 Earnings and Revenue Targets
7 Nov
Summary
- Block's Q3 earnings of 54 cents per share missed estimates of 67 cents
- Q3 revenue of $6.11 billion fell short of the $6.312 billion forecast
- Cash App's monthly transacting actives grew to 58 million in September
On November 7th, 2025, Block Inc. (NYSE:XYZ) released its third-quarter financial results, disappointing investors as the company missed both earnings and revenue targets.
In the third quarter, Block reported earnings of 54 cents per share, falling short of the consensus estimate of 67 cents. Quarterly revenue came in at $6.11 billion, also missing the Street's forecast of $6.312 billion.
Despite the financial setback, Block did see some bright spots in its Q3 performance. The company's Square GPV (Gross Payment Volume) grew 12% year-over-year, with U.S. GPV rising 8.9% and international GPV increasing by 26%. Additionally, Cash App's gross profit per monthly transacting active grew 25% year-over-year to $94.16, and the platform's monthly transacting actives reached 58 million in September.
In a letter to shareholders, Block CEO Jack Dorsey expressed optimism, stating, "We had another strong quarter delivering for our customers with high quality and high velocity." The company also raised its fiscal 2025 gross profit outlook to $10.243 billion, reflecting growth of over 15% year-over-year.
