Block (NYSE:XYZ) Issues FY 2026 Earnings Guidance

Key Points

• Block set FY2026 EPS guidance at $3.85 (consensus $3.35) and Q2 2026 EPS at $0.86, but did not provide revenue guidance.
• Block beat the quarter with EPS of $0.85 (vs. $0.30 expected) and revenue of $6.06 billion (+4.9% YoY); the stock traded around $70.20 and carries a consensus "Moderate Buy" rating with a $83.46 target.

Block (NYSE:XYZ - Get Free Report) updated its FY 2026 earnings guidance on Thursday. The company provided EPS guidance of 3.850-3.850 for the period, compared to the consensus EPS estimate of 3.350. The company issued revenue guidance of -. Block also updated its Q2 2026 guidance to 0.860-0.860 EPS.

Wall Street Analysts Forecast Growth

A number of equities analysts have recently commented on the company. Oppenheimer lifted their price objective on Block from $85.00 to $89.00 and gave the stock an "outperform" rating in a research note on Friday, February 27th. Piper Sandler dropped their price objective on Block from $55.00 to $51.00 and set an "underweight" rating on the stock in a research note on Wednesday, January 14th. Truist Financial lifted their price objective on Block from $77.00 to $81.00 and gave the stock a "buy" rating in a research note on Friday, April 24th. Weiss Ratings downgraded Block from a "hold (c)" rating to a "hold (c-)" rating in a research report on Monday. Finally, Arete Research raised Block from a "hold" rating to a "strong-buy" rating in a research report on Tuesday, March 3rd. Four analysts have rated the stock with a Strong Buy rating, twenty-seven have assigned a Buy rating, six have assigned a Hold rating and one has assigned a Sell rating to the company. According to data from MarketBeat, the company has an average rating of "Moderate Buy" and a consensus target price of $83.46.

Block Stock Performance

XYZ stock traded down $0.63 during trading on Thursday, reaching $70.20. 9,950,425 shares of the stock were exchanged, compared to its average volume of 7,553,333. Block has a twelve month low of $48.13 and a twelve month high of $82.50. The company has a market capitalization of $42.05 billion, a P/E ratio of 33.43, a price-to-earnings-growth ratio of 1.04 and a beta of 2.57. The stock has a 50 day simple moving average of $63.99 and a 200-day simple moving average of $64.19. The company has a current ratio of 2.20, a quick ratio of 2.20 and a debt-to-equity ratio of 0.26.

Block (NYSE:XYZ - Get Free Report) last released its earnings results on Thursday, May 7th. The technology company reported $0.85 earnings per share for the quarter, topping analysts' consensus estimates of $0.30 by $0.55. Block had a return on equity of 6.66% and a net margin of 5.40%.The business had revenue of $6.06 billion for the quarter. During the same period last year, the business earned $0.56 earnings per share. The firm's quarterly revenue was up 4.9% compared to the same quarter last year. Block has set its Q2 2026 guidance at 0.860-0.860 EPS and its FY 2026 guidance at 3.850-3.850 EPS. As a group, sell-side analysts anticipate that Block will post 2.22 earnings per share for the current year.

Insider Buying and Selling

In other Block news, insider Brian Grassadonia sold 1,769 shares of Block stock in a transaction that occurred on Monday, April 6th. The stock was sold at an average price of $60.25, for a total transaction of $106,582.25. Following the sale, the insider directly owned 500,763 shares of the company's stock, valued at approximately $30,170,970.75. The trade was a 0.35% decrease in their ownership of the stock. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through this link. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. Also, insider Chrysty Esperanza sold 3,000 shares of Block stock in a transaction that occurred on Tuesday, April 21st. The shares were sold at an average price of $75.00, for a total value of $225,000.00. Following the sale, the insider directly owned 268,169 shares in the company, valued at $20,112,675. The trade was a 1.11% 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. Insiders sold a total of 49,725 shares of company stock valued at $3,401,393 over the last ninety days. Company insiders own 11.37% of the company's stock.

Institutional Investors Weigh In On Block

Institutional investors have recently added to or reduced their stakes in the stock. Darwin Wealth Management LLC acquired a new position in Block during the 2nd quarter worth $43,000. Federated Hermes Inc. acquired a new position in Block during the 2nd quarter worth $53,000. Quattro Advisors LLC acquired a new position in Block during the 4th quarter worth $55,000. Towarzystwo Funduszy Inwestycyjnych PZU SA lifted its holdings in 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 buying an additional 200 shares in the last quarter. Finally, DV Equities LLC acquired a new position in Block during the 4th quarter worth $60,000. 70.44% of the stock is owned by institutional investors and hedge funds.

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.

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