Block (NYSE:XYZ) Issues FY 2026 Earnings Guidance

Block (NYSE:XYZ) updated its FY 2026 earnings guidance on Wednesday. The company provided EPS guidance of 4.020-4.020 for the period, compared to the consensus earnings per share estimate of 3.620. The company issued revenue guidance of -. Block also updated its Q3 2026 guidance to 1.020-1.020 EPS.

Block Trading Down 0.5%

Shares of Block stock traded down $0.44 during mid-day trading on Wednesday, hitting $84.20. The stock had a trading volume of 8,541,702 shares, compared to its average volume of 6,813,465. The firm has a 50-day moving average of $76.29 and a two-hundred day moving average of $67.72. Block has a 12-month low of $48.21 and a 12-month 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 cap of $50.11 billion, a P/E ratio of 65.78, a price-to-earnings-growth ratio of 1.03 and a beta of 2.53.

Block (NYSE:XYZ) last released its quarterly earnings data on Wednesday, August 5th. The technology company reported $1.02 EPS for the quarter, beating analysts’ consensus estimates of $0.48 by $0.54. The firm had revenue of $6.62 billion for the quarter. Block had a return on equity of 7.02% and a net margin of 3.30%.The company’s revenue was up 9.3% on a year-over-year basis. During the same quarter in the prior year, the company posted $0.62 earnings per share. Block has set its FY 2026 guidance at 4.020-4.020 EPS and its Q3 2026 guidance at 1.020-1.020 EPS. Sell-side analysts forecast that Block will post 2.48 earnings per share for the current year.

Wall Street Analysts Forecast Growth

A number of equities analysts recently weighed in on XYZ shares. Jefferies Financial Group started coverage on shares of Block in a research report on Tuesday, June 30th. They set a “hold” rating for the company. Morgan Stanley restated an “overweight” rating on shares of Block in a research note on Wednesday. Zacks Research lowered Block from a “strong-buy” rating to a “hold” rating in a research report on Thursday, July 30th. Oppenheimer cut Block from an “outperform” rating to a “market perform” rating in a research note on Tuesday, June 30th. Finally, BTIG Research reissued a “buy” rating and set a $90.00 target price on shares of Block in a research note on Monday, July 27th. Three equities research analysts have rated the stock with a Strong Buy rating, twenty-three have issued a Buy rating and ten have assigned a Hold rating to the company. Based on data from MarketBeat.com, the company has a consensus rating of “Moderate Buy” and an average price target of $89.40.

Insider Activity

In related news, insider Brian Grassadonia sold 43,348 shares of the firm’s stock in a transaction that occurred on Thursday, July 2nd. The shares were sold at an average price of $80.00, for a total value of $3,467,840.00. Following the sale, the insider owned 557,654 shares of the company’s stock, valued at $44,612,320. This trade represents a 7.21% decrease in their ownership of the stock. The sale was disclosed in a legal 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, CFO Amrita Ahuja sold 8,093 shares of Block stock in a transaction that occurred on Tuesday, June 16th. The stock was sold at an average price of $75.00, for a total transaction of $606,975.00. Following the completion of the transaction, the chief financial officer owned 463,246 shares of the company’s stock, valued at $34,743,450. This represents a 1.72% 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. In the last quarter, insiders sold 385,208 shares of company stock worth $29,755,405. 11.37% of the stock is currently owned by company insiders.

Institutional Trading of Block

Institutional investors have recently bought and sold shares of the business. Sargent Investment Group LLC acquired a new stake in shares of Block during the 4th quarter worth about $223,000. GWN Securities Inc. acquired a new position in Block in the fourth quarter valued at approximately $222,000. Brown Brothers Harriman & Co. increased its stake in Block by 161.0% in the fourth quarter. Brown Brothers Harriman & Co. now owns 3,406 shares of the technology company’s stock valued at $222,000 after purchasing an additional 2,101 shares during the last quarter. Claro Advisors Inc. acquired a new stake in Block during the fourth quarter worth approximately $217,000. Finally, Teza Capital Management LLC acquired a new stake in Block during the second quarter worth approximately $201,000. 70.44% of the stock is owned by hedge funds and other 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.