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Here's What Key Metrics Tell Us About Block (XYZ) Q1 Earnings

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For the quarter ended March 2026, Block (XYZ - Free Report) reported revenue of $6.06 billion, up 4.9% over the same period last year. EPS came in at $0.85, compared to $0.56 in the year-ago quarter.

The reported revenue compares to the Zacks Consensus Estimate of $6.11 billion, representing a surprise of -0.81%. The company delivered an EPS surprise of +25.68%, with the consensus EPS estimate being $0.68.

While investors scrutinize revenue and earnings changes year-over-year and how they compare with Wall Street expectations to determine their next move, some key metrics always offer a more accurate picture of a company's financial health.

As these metrics influence top- and bottom-line performance, comparing them to the year-ago numbers and what analysts estimated helps investors project a stock's price performance more accurately.

Here is how Block performed in the just reported quarter in terms of the metrics most widely monitored and projected by Wall Street analysts:
  • Gross Payment Volume (GPV) - Square: $61.21 billion versus the four-analyst average estimate of $60.6 billion.
  • Gross Payment Volume (GPV): $63.11 billion versus $63.03 billion estimated by three analysts on average.
  • Inflows Per Transacting Active: $1,494.00 versus the three-analyst average estimate of $1,506.27.
  • Cash App Monthly Transacting Actives: 59 million versus the three-analyst average estimate of 59.48 million.
  • Revenue- Square- Total: $2.11 billion compared to the $2.08 billion average estimate based on four analysts. The reported number represents a change of +14% year over year.
  • Revenue- Bitcoin: $1.8 billion compared to the $2.11 billion average estimate based on four analysts. The reported number represents a change of -21.9% year over year.
  • Commerce enablement revenue: $2.94 billion versus $2.91 billion estimated by three analysts on average.
  • Revenue- Cash App- Bitcoin: $1.74 billion versus the three-analyst average estimate of $1.99 billion. The reported number represents a year-over-year change of -24.2%.
  • Revenue- Cash App- Total: $3.87 billion compared to the $4 billion average estimate based on three analysts. The reported number represents a change of -0.2% year over year.
  • Financial solutions revenue: $1.32 billion versus the three-analyst average estimate of $1.23 billion.
  • Revenue- Cash App - Commerce enablement revenue: $1.09 billion versus $1.02 billion estimated by two analysts on average.
  • Revenue- Cash App - Financial solutions revenue: $1.04 billion compared to the $972.65 million average estimate based on two analysts.

View all Key Company Metrics for Block here>>>

Shares of Block have returned +12.7% over the past month versus the Zacks S&P 500 composite's +11.4% change. The stock currently has a Zacks Rank #3 (Hold), indicating that it could perform in line with the broader market in the near term.

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