Block Stock Stacks Higher After Q3 Earnings Impress Investors: Details

Block Inc. (NYSE:XYZ) posted a double beat with its third-quarter fiscal 2026 results after Tuesday’s closing bell. Here’s a look at the details.

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Block Q3 Details   

Block reported quarterly earnings of $1.13 per share, which beat the Street estimate of $1.02 by 10.78%, per Benzinga Pro data. 

Quarterly revenue came in at $6.72 billion, which beat the analyst consensus estimate of $6.59 billion.

Cash App

• Monthly transacting actives reached 60 million in September, helped by Neighborhoods, which brought more Square seller customers onto the platform.
• Gross profit rose 27%.
• Financial Solutions and Commerce Enablement both showed strength.
• Consumer Lending origination volume climbed 40% year over year to $19 billion, driven by Cash App Borrow and Afterpay Post-Purchase.

Square

• Third-quarter gross payment volume (GPV) grew 14% year over year on both a reported and constant currency basis.
• U.S. GPV growth accelerated to 10.4% year over year.
• International GPV kept up its strong run, rising 26% year over year on a reported and constant currency basis.
• Gross profit grew in line with GPV in the third quarter.

“We believe we’ve meaningfully crossed the chasm of transforming our company from one that creates traditional financial products into one that streams intelligence as people need it,” CEO Jack Dorsey wrote in a letter to shareholders.

Looking Ahead

Block raised its fiscal 2026 adjusted EPS guidance from $4.02 to $4.15, versus the $4.04 analyst estimate.

XYZ Stock Price: According to data from Benzinga Pro, Block stock was up 8.16% to $82.20in Tuesday’s extended trading.  

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