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Compared to Estimates, Block (XYZ) Q2 Earnings: A Look at Key Metrics

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For the quarter ended June 2026, Block (XYZ - Free Report) reported revenue of $6.62 billion, up 9.3% over the same period last year. EPS came in at $1.02, compared to $0.62 in the year-ago quarter.

The reported revenue represents a surprise of +1.25% over the Zacks Consensus Estimate of $6.54 billion. With the consensus EPS estimate being $0.86, the EPS surprise was +18.61%.

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.

Since these metrics play a crucial role in driving the top- and bottom-line numbers, comparing them with the year-ago numbers and what analysts estimated about them helps investors better project a stock's price performance.

Here is how Block performed in the just reported quarter in terms of the metrics most widely monitored and projected by Wall Street analysts:
  • Cash App Monthly Transacting Actives: 59 million compared to the 59.17 million average estimate based on three analysts.
  • Inflows Per Transacting Active: $1,469.00 versus the three-analyst average estimate of $1,481.42.
  • Gross Payment Volume (GPV) - Square: $72.85 billion versus $72.16 billion estimated by three analysts on average.
  • Total Cash App Inflows: $87.00 billion versus the two-analyst average estimate of $87.42 billion.
  • Financial solutions revenue: $1.38 billion versus $1.32 billion estimated by four analysts on average.
  • Commerce enablement revenue: $3.34 billion versus $3.3 billion estimated by four analysts on average.
  • Revenue- Square- Total: $2.5 billion versus the four-analyst average estimate of $2.46 billion. The reported number represents a year-over-year change of +15.6%.
  • Revenue- Cash App- Total: $4.02 billion compared to the $4.02 billion average estimate based on three analysts. The reported number represents a change of +4.6% year over year.
  • Revenue- Square - Bitcoin ecosystem revenue: $37 million versus $25 million estimated by two analysts on average.
  • Revenue- Square - Financial solutions revenue: $305 million compared to the $300.04 million average estimate based on two analysts.
  • Revenue- Square - Commerce enablement revenue: $2.16 billion compared to the $2.16 billion average estimate based on two analysts.
  • Revenue- Cash App - Financial solutions revenue: $1.08 billion versus the two-analyst average estimate of $1.05 billion.

View all Key Company Metrics for Block here>>>

Shares of Block have returned +9.1% over the past month versus the Zacks S&P 500 composite's +3.5% 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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