NYSE$XYZ

Block Inc. · Q3 2025 earnings

Q3 2025 earnings · · After market close · Investor relations

Briefing

Block reported Q3 2025 net revenue of $6.1B with net income of $462M and diluted EPS of $0.74.

For the quarter ended September 30, 2025, Block posted net revenue of $6.1 billion with net income of $461.6 million and diluted EPS of $0.74. Gross profit and Cash App/Square ecosystem growth drove results, with adjusted EBITDA and bitcoin-related items affecting year-over-year comparisons.

  • Q3 net revenue $6.1B; net income $462M; diluted EPS $0.74.
  • Square and Cash App monetization support gross profit expansion.
  • Square gross profit growth and Cash App monetization drove results.
  • Management focuses on full-stack commerce and financial services integration.

Headline financials

Total Revenue

$6.11B

Previous: $5.98B+2.3%
EPS (adj)

$0.74

Previous: $0.45+64.4%
Capital Expenditures

-$114M

Previous: -$127M+10.3%
Free Cash Flow

$1.84B

Previous: $1.57B+17.8%
Net Income

$462M

Previous: $284M+62.7%
Operating Income

$409M

Previous: $323M+26.8%
Gross Profit

$2.66B

Previous: $2.25B+18.3%
Cash & Equivalents

$8.34B

Previous: $8.3B+0.4%
Total Assets

$39.2B

Previous: $36.4B+7.8%

Revenue & EPS history

Block Inc. · Revenue · Quarterly

$6.11B

Q3 2025+2.3%vs Q3 2024
Beat estimate in 8 of 14 quarters(57%)
ActualEstimate

Revenue by segment

Block Inc. · $7.98B total across 3 segments · Q3 2023

  • Cash App
    $3.58B+33.6%
  • Bitcoin Ecosystem
    $2.42B+37.3%
  • Square
    $1.98B+11.9%

Forward guidance

The release discusses Block's outlook, capital allocation, and key risks for upcoming quarters, including guidance ranges or operating priorities where disclosed.

Tailwinds

  • Management provided quantitative forward revenue or EBITDA/EPS ranges.
  • Block cites demand and execution supporting the near-term outlook.
  • Liquidity and balance-sheet capacity support operations and shareholder returns.

Headwinds

  • Macro, input costs, and FX may pressure margins quarter to quarter.
  • Segment mix and one-time items can affect comparability versus prior periods.

Historical earnings impact

How earnings announcements have historically affected this stock's price.

Avg. return before/after earnings

Based on 20 quarterly earnings reports · overlaid with Q3 2025

Historical avgQ3 2025

+1.2%

Avg return

Earnings day

+2.5%

Avg return

5 days after

+4.0%

Avg return

30 days after

52%

24 / 46 earnings

Positive

+35.1%

Q4 2021

Best reaction

-24.5%

Q1 2015

Worst reaction

Earnings price reactions
QuarterReport dateReaction (Day 0)+5 days+30 days
Q1 2026+7.3%+1.7%-3.6%
Q4 2025-4.2%+19.6%+2.7%
Q3 2025-7.7%-7.3%-13.8%
Q2 2025-4.5%+0.1%-2.5%
Q1 2025-20.4%-18.0%+5.6%
Q4 2024-17.7%-21.4%-26.4%
Q3 2024-4.0%+12.4%+26.5%
Q2 2024-2.4%-7.5%+6.8%
Q1 2024+3.9%+7.1%-4.1%
Q4 2023+22.4%+20.5%+25.3%
Q3 2023+18.8%+24.6%+58.8%
Q2 2023-14.7%-16.3%-21.9%
Q1 2023-0.1%+0.0%+7.0%
Q4 2022+6.1%+5.2%-16.8%
Q3 2022+10.0%+14.4%+24.8%
Q2 2022-0.4%-7.9%-24.7%
Q1 2022-9.9%-21.0%-22.2%
Q4 2021+35.1%+42.1%+46.9%
Q3 2021-6.0%-8.6%-28.2%
Q2 2021+10.2%+11.3%+8.4%
Q1 2021+0.6%-4.8%-7.8%
Q4 2020-11.5%-14.2%-22.2%
Q3 2020+15.6%+0.4%+21.5%
Q2 2020+8.7%+9.2%+13.4%
Q1 2020+11.9%+12.3%+34.8%
Q4 2019+2.9%+4.7%-30.8%
Q3 2019+5.5%+4.5%+11.3%
Q2 2019-13.4%-19.7%-23.1%
Q1 2019-7.0%-3.7%-14.9%
Q4 2018+4.2%-4.2%-3.9%
Q3 2018-2.7%-9.7%-21.4%
Q2 2018+12.4%+9.7%+37.1%
Q1 2018+2.1%+6.1%+23.3%
Q4 2017-1.1%-1.1%+5.7%
Q3 2017+3.3%+8.8%+3.6%
Q2 2017-5.9%-4.2%-3.3%
Q1 2017+5.8%+4.0%+23.3%
Q4 2014-0.6%-3.1%-1.2%
Q4 2016+17.2%+22.6%+13.4%
Q3 2015+8.3%+10.4%+18.0%
Q3 2016+5.2%+8.8%+13.5%
Q2 2015+6.8%+8.2%+15.4%
Q2 2016+12.6%+12.0%+19.9%
Q1 2015-24.5%
Q1 2016-23.7%
Q4 2015-1.6%
Q3 2014
Q2 2014
Q1 2014

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