Block, Inc. (NYSE:XYZ) released its first-quarter results after Thursday's closing bell. Here's a look at the key figures from the report.
The Details: Block reported quarterly earnings of 56 cents per share, which missed the 87 cent analyst consensus estimate. Quarterly revenue came in at $5.77 billion, missing the consensus estimate of $6.2 billion.
Read Next: Musk Shifts Focus Back To Tesla, Says DOGE Will Endure Without Him: ‘Is Buddha Needed For Buddhism?’
For the first quarter, Block reported:
- Total Square GPV grew 7.2%, with U.S. GPV growing 5.6% and International GPV growing 15%.
- Excluding leap day in 2024, Square GPV grew 9.4% in constant currency.
- Cash App gross profit per monthly transacting active grew 9% year-over-year to $81.10.
Outlook: Block now expects $9.96 billion in gross profit for 2025, for growth of 12% year over year. Block sees gross profit in the second quarter to grow 9.5% year-over-year to $2.45 billion and expects to accelerate gross profit growth meaningfully in the second half of the year.
XYZ Price Action: According to data from Benzinga Pro, Block stock was down 16.07% after hours at $49.08 on Thursday.
Read Next:
Photo: Shutterstock
© 2026 Benzinga.com. Benzinga does not provide investment advice. All rights reserved.
To add Benzinga News as your preferred source on Google, click here.
