Block (NYSE:XYZ) Releases Q3 2026 Earnings Guidance

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

Analyst Ratings Changes

A number of brokerages have recently weighed in on XYZ. Wall Street Zen upgraded Block from a “hold” rating to a “buy” rating in a research note on Saturday, May 9th. Cantor Fitzgerald increased their price objective on Block from $88.00 to $95.00 and gave the company an “overweight” rating in a research report on Wednesday, July 22nd. Jefferies Financial Group assumed coverage on Block in a research note on Tuesday, June 30th. They issued a “hold” rating for the company. Zacks Research lowered Block from a “strong-buy” rating to a “hold” rating in a research note on Thursday, July 30th. Finally, Barclays started coverage on Block in a report on Tuesday, July 7th. They issued an “overweight” rating and a $100.00 price target on the stock. Three investment analysts have rated the stock with a Strong Buy rating, twenty-three have issued a Buy rating and ten have issued a Hold rating to the company’s stock. Based on data from MarketBeat.com, the stock presently has a consensus rating of “Moderate Buy” and a consensus price target of $89.40.

Block Trading Down 0.5%

Shares of Block stock traded down $0.44 on Wednesday, hitting $84.20. 8,541,702 shares of the company’s stock traded hands, compared to its average volume of 6,813,465. The firm’s 50-day moving average price is $76.29 and its two-hundred day moving average price is $67.72. The stock has a market capitalization of $50.11 billion, a PE ratio of 65.78, a price-to-earnings-growth ratio of 1.03 and a beta of 2.53. Block has a one year low of $48.21 and a one year high of $86.75. 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 (NYSE:XYZ) last posted its quarterly earnings results on Wednesday, August 5th. The technology company reported $1.02 earnings per share (EPS) for the quarter, topping the consensus estimate of $0.48 by $0.54. Block had a return on equity of 7.02% and a net margin of 3.30%.The business had revenue of $6.62 billion for the quarter. During the same quarter in the prior year, the business earned $0.62 earnings per share. The firm’s revenue for the quarter was up 9.3% on a year-over-year basis. Block has set its FY 2026 guidance at 4.020-4.020 EPS and its Q3 2026 guidance at 1.020-1.020 EPS. On average, research analysts expect that Block will post 2.48 EPS for the current fiscal year.

Insiders Place Their Bets

In other news, insider Brian Grassadonia sold 43,348 shares of the business’s stock in a transaction dated Thursday, July 2nd. The stock was sold at an average price of $80.00, for a total transaction of $3,467,840.00. Following the completion of the transaction, the insider directly owned 557,654 shares in the company, valued at approximately $44,612,320. The trade was a 7.21% decrease in their position. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available through this hyperlink. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. Also, Director Anthony Mathew Eisen sold 135,750 shares of the company’s stock in a transaction dated Monday, June 1st. The shares were sold at an average price of $76.81, for a total value of $10,426,957.50. Following the completion of the sale, the director directly owned 2,032,990 shares of the company’s stock, valued at approximately $156,153,961.90. This trade represents a 6.26% decrease in their ownership of the stock. The SEC filing for this sale provides additional information. Over the last quarter, insiders have sold 385,208 shares of company stock worth $29,755,405. Insiders own 11.37% of the company’s stock.

Institutional Investors Weigh In On Block

A number of hedge funds and other institutional investors have recently bought and sold shares of XYZ. Darwin Wealth Management LLC bought a new stake in Block during the 2nd quarter worth about $43,000. Federated Hermes Inc. bought a new position in shares of Block in the 2nd quarter valued at about $53,000. Towarzystwo Funduszy Inwestycyjnych PZU SA increased its stake in shares of Block by 33.3% during the 3rd quarter. Towarzystwo Funduszy Inwestycyjnych PZU SA now owns 800 shares of the technology company’s stock worth $58,000 after purchasing an additional 200 shares during the last quarter. Quattro Advisors LLC bought a new stake in shares of Block in the 4th quarter valued at about $55,000. Finally, DV Equities LLC acquired a new stake in Block in the 4th quarter valued at about $60,000. Institutional investors and hedge funds own 70.44% of the company’s stock.

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.