Block (NYSE:XYZ) Releases FY 2026 Earnings Guidance

Posted by on Aug 5th, 2026

Block (NYSE:XYZ – Get Free Report) 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 EPS 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 XYZ stock traded down $0.44 on Wednesday, reaching $84.20. 8,541,702 shares of the stock were exchanged, compared to its average volume of 6,813,465. The stock 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. 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 50 day moving average of $76.54 and a two-hundred day moving average of $67.85. Block has a 1-year low of $48.21 and a 1-year high of $86.75.

Block (NYSE:XYZ – Get Free Report) last released its quarterly earnings data on Wednesday, August 5th. The technology company reported $1.02 EPS for the quarter, topping analysts’ consensus estimates of $0.48 by $0.54. Block had a return on equity of 7.02% and a net margin of 3.30%.The company had revenue of $6.62 billion for the quarter. During the same quarter last year, the business earned $0.62 earnings per share. The business’s revenue for the quarter was up 9.3% compared to the same quarter last year. 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 anticipate that Block will post 2.48 EPS for the current year.

Analyst Ratings Changes

A number of research analysts have commented on the company. The Goldman Sachs Group upgraded Block from a “buy” rating to a “buy” rating in a research note on Tuesday, June 30th. BTIG Research reissued a “buy” rating and issued a $90.00 price objective on shares of Block in a report on Monday, July 27th. Zacks Research downgraded shares of Block from a “strong-buy” rating to a “hold” rating in a research report on Thursday, July 30th. BMO Capital Markets upped their price target on shares of Block from $78.00 to $85.00 and gave the stock a “market perform” rating in a research report on Wednesday, July 22nd. Finally, Weiss Ratings raised shares of Block from a “sell (d+)” rating to a “hold (c-)” rating in a research note on Monday, June 1st. Three analysts have rated the stock with a Strong Buy rating, twenty-three have given a Buy rating and ten have issued a Hold rating to the company. According to MarketBeat, the company currently has a consensus rating of “Moderate Buy” and a consensus price target of $89.40.

Check Out Our Latest Research Report on Block

Insider Buying and Selling

In other news, Director Anthony Mathew Eisen sold 135,750 shares of the firm’s stock in a transaction on Monday, June 1st. The stock was 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 owned 2,032,990 shares of the company’s stock, valued at $156,153,961.90. This trade represents a 6.26% decrease in their ownership of the stock. The sale was disclosed in a filing with the SEC, which is available at this link. Also, CFO Amrita Ahuja sold 8,093 shares of Block stock in a transaction on Tuesday, June 16th. The shares were sold at an average price of $75.00, for a total value of $606,975.00. Following the transaction, the chief financial officer owned 463,246 shares in the company, valued at $34,743,450. This represents a 1.72% decrease in their position. 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 90 days, insiders sold 385,208 shares of company stock valued at $29,755,405. Company insiders own 11.37% of the company’s stock.

Hedge Funds Weigh In On Block

A number of large investors have recently made changes to their positions in the business. Ameriprise Financial Inc. acquired a new stake in shares of Block during the second quarter worth approximately $535,305,000. Viking Global Investors LP acquired a new position in Block in the 2nd quarter valued at approximately $368,213,000. Invesco Ltd. increased its stake in Block by 241.4% in the 3rd quarter. Invesco Ltd. now owns 3,778,298 shares of the technology company’s stock valued at $273,058,000 after buying an additional 2,671,713 shares during the period. PointState Capital LP purchased a new stake in Block in the 4th quarter worth approximately $133,905,000. Finally, Tiger Global Management LLC lifted its position in Block by 43.9% in the 4th quarter. Tiger Global Management LLC now owns 6,364,840 shares of the technology company’s stock worth $414,287,000 after buying an additional 1,941,528 shares in the last quarter. Institutional investors and hedge funds own 70.44% of the company’s stock.

About Block

(Get Free Report)

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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