Block (NYSE:XYZ) Issues Q3 2026 Earnings Guidance

06 Aug 2026, 00:42 by Mitch Edgeman · The Markets Daily

Block (NYSE:XYZ – Get Free Report) updated its third quarter 2026 earnings guidance on Wednesday morning. The company provided earnings per share guidance of 1.020-1.020 for the period, compared to the consensus earnings per share estimate of 0.930. The company issued revenue guidance of -. Block also updated its FY 2026 guidance to 4.020-4.020 EPS.

Wall Street Analysts Forecast Growth

Several equities research analysts have recently commented on the stock. Oppenheimer cut shares of Block from an “outperform” rating to a “market perform” rating in a research report on Tuesday, June 30th. The Goldman Sachs Group raised shares of Block from a “buy” rating to a “buy” rating in a research note on Tuesday, June 30th. Deutsche Bank Aktiengesellschaft raised shares of Block to a “buy” rating in a report on Tuesday, June 30th. Robert W. Baird upped their target price on shares of Block from $90.00 to $100.00 and gave the company an “outperform” rating in a research report on Thursday, July 2nd. Finally, Keefe, Bruyette & Woods increased their price target on Block from $85.00 to $90.00 and gave the company an “outperform” rating in a research note on Friday, May 8th. Three research analysts have rated the stock with a Strong Buy rating, twenty-three have given a Buy rating and ten have given a Hold rating to the company. According to MarketBeat, the company currently has an average rating of “Moderate Buy” and a consensus price target of $89.40.

View Our Latest Analysis on Block

Block Trading Down 0.5%

NYSE:XYZ traded down $0.44 during trading hours on Wednesday, hitting $84.20. The stock had a trading volume of 8,541,702 shares, compared to its average volume of 6,813,465. The business’s 50 day moving average is $76.54 and its 200-day moving average is $67.85. The company has a debt-to-equity ratio of 0.26, a quick ratio of 1.99 and a current ratio of 1.99. The company has a market cap of $50.11 billion, a price-to-earnings ratio of 65.78, a P/E/G ratio of 1.03 and a beta of 2.53. Block has a one year low of $48.21 and a one year high of $86.75.

Block (NYSE:XYZ – Get Free Report) last announced its quarterly earnings results on Wednesday, August 5th. The technology company reported $1.02 earnings per share for the quarter, topping analysts’ consensus estimates of $0.48 by $0.54. Block had a net margin of 3.30% and a return on equity of 7.02%. The company had revenue of $6.62 billion for the quarter. During the same period in the prior year, the business earned $0.62 earnings per share. The company’s revenue for the quarter was up 9.3% compared to the same quarter last year. Block has set its FY 2026 guidance at 4.020-4.020 EPS and its Q3 2026 guidance at 1.020-1.020 EPS. Sell-side analysts anticipate that Block will post 2.48 EPS for the current fiscal year.

Insider Buying and Selling at Block

In other Block news, Director Anthony Mathew Eisen sold 6,000 shares of Block stock in a transaction dated Monday, August 3rd. The stock was sold at an average price of $81.52, for a total transaction of $489,120.00. Following the transaction, the director directly owned 1,613,672 shares in the company, valued at approximately $131,546,541.44. The trade was a 0.37% decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the SEC, which is accessible through this link. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. Also, insider Brian Grassadonia sold 25,908 shares of the business’s stock in a transaction dated Monday, August 3rd. The shares were sold at an average price of $81.64, for a total value of $2,115,129.12. Following the completion of the transaction, the insider directly owned 531,746 shares of the company’s stock, valued at approximately $43,411,743.44. The trade was a 4.65% 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 a total of 385,208 shares of company stock worth $29,755,405 in the last ninety days. 11.37% of the stock is currently owned by company insiders.

Institutional Trading of Block

Several hedge funds have recently bought and sold shares of the stock. Darwin Wealth Management LLC bought a new position in Block in the second quarter valued at approximately $43,000. Federated Hermes Inc. bought a new stake in shares of Block during the second quarter worth $53,000. Towarzystwo Funduszy Inwestycyjnych PZU SA raised its holdings in shares of Block by 33.3% during the third quarter. Towarzystwo Funduszy Inwestycyjnych PZU SA now owns 800 shares of the technology company’s stock worth $58,000 after acquiring an additional 200 shares during the period. Quattro Advisors LLC acquired a new stake in shares of Block during the fourth quarter worth $55,000. Finally, DV Equities LLC bought a new stake in Block in the 4th quarter valued at $60,000. 70.44% of the stock is currently owned by institutional investors and hedge funds.

About Block

(Get Free Report)

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.