Block (NYSE:XYZ) Releases FY 2026 Earnings Guidance

Block (NYSE:XYZ) updated its FY 2026 earnings guidance on Thursday. The company provided earnings per share (EPS) guidance of 3.850-3.850 for the period, compared to the consensus estimate of 3.350. The company issued revenue guidance of -. Block also updated its Q2 2026 guidance to 0.860-0.860 EPS.

Wall Street Analyst Weigh In

Several research firms have issued reports on XYZ. Arete Research raised Block from a “hold” rating to a “strong-buy” rating in a report on Tuesday, March 3rd. Rothschild & Co Redburn raised Block from a “sell” rating to a “neutral” rating and upped their price objective for the stock from $45.00 to $55.00 in a report on Wednesday, March 18th. BTIG Research reaffirmed a “buy” rating and issued a $90.00 price objective on shares of Block in a research note on Wednesday, April 22nd. BMO Capital Markets started coverage on shares of Block in a report on Tuesday, April 21st. They set a “market perform” rating and a $74.00 target price for the company. Finally, Zacks Research raised Block from a “hold” rating to a “strong-buy” rating in a research note on Monday, April 13th. Four equities research analysts have rated the stock with a Strong Buy rating, twenty-seven have issued a Buy rating, six have given a Hold rating and one has assigned a Sell rating to the stock. Based on data from MarketBeat, the stock currently has an average rating of “Moderate Buy” and an average price target of $83.46.

Block Trading Down 0.9%

Shares of XYZ stock traded down $0.63 during trading hours on Thursday, reaching $70.20. The company had a trading volume of 9,950,425 shares, compared to its average volume of 7,553,333. The company has a 50 day moving average of $63.99 and a 200 day moving average of $64.19. The company has a debt-to-equity ratio of 0.26, a current ratio of 2.20 and a quick ratio of 2.20. The firm has a market cap of $42.05 billion, a price-to-earnings ratio of 33.43, a P/E/G ratio of 1.04 and a beta of 2.57. Block has a 1-year low of $48.13 and a 1-year high of $82.50.

Block (NYSE:XYZ) last posted its quarterly earnings results on Thursday, May 7th. The technology company reported $0.85 earnings per share for the quarter, beating analysts’ consensus estimates of $0.30 by $0.55. The company had revenue of $6.06 billion for the quarter. Block had a return on equity of 6.66% and a net margin of 5.40%.The business’s revenue for the quarter was up 4.9% compared to the same quarter last year. During the same period last year, the company earned $0.56 EPS. 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, equities research analysts anticipate that Block will post 2.22 EPS for the current year.

Insider Activity

In related news, 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 value of $225,000.00. Following the completion of the sale, the insider owned 268,169 shares in the company, valued at $20,112,675. This represents a 1.11% decrease in their position. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available at this link. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. Also, 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 owned 231,262 shares of the company’s stock, valued at approximately $14,664,323.42. This represents a 1.51% decrease in their position. The disclosure for this sale is available in the SEC filing. Insiders have sold 49,725 shares of company stock worth $3,401,393 in the last 90 days. Corporate insiders own 11.37% of the company’s stock.

Institutional Trading of Block

A number of large investors have recently made changes to their positions in the company. Ameriprise Financial Inc. bought a new stake in shares of Block in the 2nd quarter valued at $535,305,000. Tiger Global Management LLC increased its position in shares of Block by 43.9% in 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 buying an additional 1,941,528 shares in the last quarter. Viking Global Investors LP bought a new stake in shares of Block in the 2nd quarter valued at $368,213,000. Invesco Ltd. increased its position in shares of Block by 40.2% in the 4th quarter. Invesco Ltd. now owns 5,299,033 shares of the technology company’s stock valued at $344,914,000 after buying an additional 1,520,735 shares in the last quarter. Finally, Northern Trust Corp increased its position in shares of Block by 41.8% in the 3rd quarter. Northern Trust Corp now owns 4,626,238 shares of the technology company’s stock valued at $334,338,000 after buying an additional 1,363,566 shares in the last quarter. Institutional investors own 70.44% of the company’s stock.

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.