Block (NYSE:XYZ) Releases Q2 2026 Earnings Guidance

Block (NYSE:XYZ) issued an update on its second quarter 2026 earnings guidance on Thursday morning. The company provided earnings per share guidance of 0.860-0.860 for the period, compared to the consensus earnings per share estimate of 0.740. The company issued revenue guidance of -. Block also updated its FY 2026 guidance to 3.850-3.850 EPS.

Block Stock Performance

Shares of NYSE:XYZ traded up $4.72 during trading on Friday, hitting $74.86. 12,872,342 shares of the company traded hands, compared to its average volume of 5,085,797. The stock has a market capitalization of $44.85 billion, a price-to-earnings ratio of 58.48, a PEG ratio of 1.02 and a beta of 2.57. The business’s fifty day moving average is $63.99 and its 200-day moving average is $64.19. Block has a one year low of $48.21 and a one year high of $82.50. The company has a quick ratio of 2.20, a current ratio of 2.20 and a debt-to-equity ratio of 0.26.

Block (NYSE:XYZ) last posted its earnings results on Thursday, May 7th. The technology company reported $0.85 EPS for the quarter, beating the consensus estimate of $0.30 by $0.55. The company had revenue of $6.06 billion during the quarter. Block had a return on equity of 6.97% and a net margin of 3.30%.The firm’s revenue for the quarter was up 4.9% compared to the same quarter last year. During the same period last year, the company posted $0.56 earnings per share. Block has set its Q2 2026 guidance at 0.860-0.860 EPS and its FY 2026 guidance at 3.850-3.850 EPS. As a group, equities analysts predict that Block will post 2.22 earnings per share for the current fiscal year.

Analyst Ratings Changes

Several equities analysts have recently issued reports on XYZ shares. Royal Bank Of Canada boosted their price objective on Block from $90.00 to $93.00 and gave the stock an “outperform” rating in a research report on Friday. Truist Financial upped their target price on Block from $77.00 to $81.00 and gave the stock a “buy” rating in a research report on Friday, April 24th. Rothschild & Co Redburn upgraded Block from a “sell” rating to a “neutral” rating and increased their price objective for the company from $45.00 to $55.00 in a research report on Wednesday, March 18th. Piper Sandler boosted their target price on shares of Block from $51.00 to $58.00 and gave the company an “underweight” rating in a research note on Friday. Finally, Cantor Fitzgerald boosted their target price on shares of Block from $78.00 to $88.00 and gave the company an “overweight” rating in a research note on Tuesday, April 21st. Four equities research analysts have rated the stock with a Strong Buy rating, twenty-seven have issued a Buy rating, five have issued a Hold rating and one has assigned a Sell rating to the company. According to MarketBeat, the company presently has an average rating of “Moderate Buy” and an average price target of $84.51.

Insider Activity

In other Block news, CFO Amrita Ahuja sold 30,919 shares of the company’s stock in a transaction dated Tuesday, April 21st. The shares were sold at an average price of $75.00, for a total transaction of $2,318,925.00. Following the completion of the sale, the chief financial officer directly owned 500,816 shares in the company, valued at $37,561,200. This represents a 5.81% decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available at the SEC website. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. Also, insider Chrysty Esperanza sold 3,000 shares of the company’s stock in a transaction dated Tuesday, April 21st. The shares were sold at an average price of $75.00, for a total transaction of $225,000.00. Following the sale, the insider owned 268,169 shares of the company’s stock, valued at $20,112,675. This trade represents a 1.11% decrease in their ownership of the stock. The disclosure for this sale is available in the SEC filing. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. Insiders have sold 49,725 shares of company stock valued at $3,401,393 over the last three months. 11.37% of the stock is currently owned by insiders.

Block News Roundup

Here are the key news stories impacting Block this week:

• Positive Sentiment: Block reported Q1 EPS of $0.85, well above estimates, while revenue came in at $6.06 billion and gross profit growth remained resilient across Cash App and Square. Block (XYZ) Q1 Earnings Surpass Estimates
• Positive Sentiment: Management raised 2026 guidance, with full-year EPS now expected at $3.85 and Q2 EPS guidance also above Wall Street expectations, reinforcing confidence in the company’s outlook. Block Lifts Guidance on Higher Payment Volumes, Boom in Lending
• Positive Sentiment: Several analysts turned more upbeat after the report, including Citigroup, RBC, KBW, Needham, and BTIG, with multiple firms raising price targets and reiterating buy/outperform ratings. Analyst price target updates on Block
• Neutral Sentiment: Some investors may note that one analyst, Piper Sandler, kept an underweight rating even while raising its price target, indicating there is still some debate over how much upside remains. Piper Sandler price target update on Block

Institutional Investors Weigh In On Block

Several hedge funds have recently made changes to their positions in XYZ. Ameriprise Financial Inc. bought a new stake in shares of Block in the second quarter valued at about $535,305,000. Viking Global Investors LP bought a new stake in shares of Block in the second quarter valued at about $368,213,000. Invesco Ltd. lifted its stake in shares of Block by 241.4% in the third 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 bought a new stake in shares of Block in the fourth quarter valued at about $133,905,000. Finally, Tiger Global Management LLC lifted its stake in shares of Block by 43.9% in the fourth 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 during the period. Institutional investors own 70.44% of the company’s stock.

Block Company Profile

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.