Block (NYSE:XYZ) Updates Q2 2026 Earnings Guidance

Key Points

• Guidance: Block set Q2 2026 EPS guidance at 0.860 (range 0.860-0.860) and FY 2026 guidance at 3.850, above the Q2 consensus estimate of 0.740.
• Quarterly results: Block reported $0.85 EPS versus a $0.30 consensus and revenue of $6.06 billion, a 4.9% year-over-year increase.
• Analyst & market view: The street rates Block a "Moderate Buy" on average with a consensus target of $83.46; the stock traded near $70.20 midday and has a 52-week range of $48.13–$82.50.

Block (NYSE:XYZ - Get Free Report) updated its second quarter 2026 earnings guidance on Thursday. The company provided EPS guidance of 0.860-0.860 for the period, compared to the consensus EPS estimate of 0.740. The company issued revenue guidance of -. Block also updated its FY 2026 guidance to 3.850-3.850 EPS.

Wall Street Analyst Weigh In

A number of research firms recently weighed in on XYZ. BNP Paribas Exane raised shares of Block from a "hold" rating to an "outperform" rating and set a $83.00 price target on the stock in a research report on Wednesday, January 7th. Raymond James Financial raised shares of Block to a "moderate buy" rating in a research report on Friday, February 27th. Royal Bank Of Canada reaffirmed an "outperform" rating and issued a $90.00 price objective on shares of Block in a research report on Tuesday, March 17th. Oppenheimer lifted their price objective on shares of Block from $85.00 to $89.00 and gave the stock an "outperform" rating in a research report on Friday, February 27th. Finally, BTIG Research reaffirmed a "buy" rating and issued a $90.00 price objective on shares of Block in a research report on Wednesday, April 22nd. Four investment 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 given a Sell rating to the stock. Based on data from MarketBeat.com, the company has an average rating of "Moderate Buy" and a consensus target price of $83.46.

Block Price Performance

Block stock traded down $0.63 during midday trading on Thursday, reaching $70.20. 9,950,425 shares of the stock were exchanged, compared to its average volume of 7,553,333. The company's fifty day moving average is $63.99 and its 200-day moving average is $64.19. The company has a debt-to-equity ratio of 0.26, a quick ratio of 2.20 and a current ratio of 2.20. The firm has a market cap of $42.05 billion, a PE ratio of 33.43, a PEG ratio of 1.04 and a beta of 2.57. Block has a 52 week low of $48.13 and a 52 week high of $82.50.

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

Insider Buying and Selling at Block

In related news, insider Owen Britton Jennings sold 3,555 shares of the company's stock in a transaction on Tuesday, March 3rd. The shares were sold at an average price of $63.41, for a total transaction of $225,422.55. Following the completion of the sale, the insider directly owned 231,262 shares in the company, valued at $14,664,323.42. This represents a 1.51% decrease in their position. The transaction was disclosed in a filing with the SEC, which is available through this link. Also, insider Chrysty Esperanza sold 3,000 shares of the company's stock in a transaction on Tuesday, April 21st. The shares were sold at an average price of $75.00, for a total transaction of $225,000.00. Following the sale, the insider owned 268,169 shares of the company's stock, valued at $20,112,675. This represents 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. In the last quarter, insiders have sold 49,725 shares of company stock valued at $3,401,393. Insiders own 11.37% of the company's stock.

Institutional Inflows and Outflows

Several institutional investors have recently added to or reduced their stakes in XYZ. Ameriprise Financial Inc. purchased a new stake in Block during the 2nd quarter valued at about $535,305,000. Tiger Global Management LLC grew its position in Block by 43.9% during the 4th quarter. Tiger Global Management LLC now owns 6,364,840 shares of the technology company's stock valued at $414,287,000 after purchasing an additional 1,941,528 shares during the last quarter. Viking Global Investors LP purchased a new stake in Block during the 2nd quarter valued at about $368,213,000. Invesco Ltd. grew its position in Block by 40.2% during the 4th quarter. Invesco Ltd. now owns 5,299,033 shares of the technology company's stock valued at $344,914,000 after purchasing an additional 1,520,735 shares during the last quarter. Finally, Northern Trust Corp grew its position in Block by 41.8% during the 3rd quarter. Northern Trust Corp now owns 4,626,238 shares of the technology company's stock valued at $334,338,000 after purchasing an additional 1,363,566 shares during the last quarter. 70.44% of the stock is currently owned by institutional investors.

About Block

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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