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Block Reports Third-Quarter Results After Close

Block Inc. will report third-quarter financial results after the market closes as it seeks to extend its earnings-beat streak.

Updated on Nov. 3, 2026 in Public Companies

Block Reports Third-Quarter Results After Close

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Block Inc. (NYSE: XYZ) reports third-quarter results after the market closes, with analysts expecting non-GAAP earnings of 96 cents per share on quarterly revenue of $6.60 billion. The company has beaten earnings estimates in each of the previous five quarters.

Why it matters

The report will test whether Block can keep its streak of earnings beats intact while its stock has pulled back from its yearly high. Investors will also be watching the company's Bitcoin holdings and recent product changes tied to Square and Cash App.

Analysts expect quarterly revenue of $6.60 billion, up 8% from a year earlier, against the 96-cent non-GAAP per-share estimate that would mark 78% growth. The company holds 9,117 BTC valued at about $697 million, though the results have not been reported yet.

The players

Block Inc.

Block Inc. is the financial technology company behind the Square payments platform and the Cash App, and it trades on the New York Stock Exchange under the ticker XYZ.

Morgan Stanley

Morgan Stanley is a major global investment bank that downgraded Block to Equal Weight and lowered its price target to $80.

BTIG

BTIG is an independent investment bank and brokerage firm that reiterated its Buy rating on Block with a $100 price target.

The details

Block will release its third-quarter results after the New York Stock Exchange closes today. The company has also added BTC payment support to its Square point-of-sale system and launched a Cash App feature paying weekly Bitcoin bonuses to opted-in users who hold Bitcoin in the app.

Timeline

  1. Late August: XYZ stock reached its yearly high of $86.92.

  2. September: Block announced the Cash App BTC bonus feature.

  3. Last week: Morgan Stanley downgraded XYZ to Equal Weight and cut its price target from $90 to $80.

  4. Monday: XYZ closed at $77.08 in regular trading.

  5. After today's market close: Block reports third-quarter results.

Market Landscape

Block ranks as the 14th-largest corporate Bitcoin holder, with 9,117 BTC on its balance sheet, which ties its quarterly results to the wider trend of public companies holding digital assets. Its Square and Cash App Bitcoin features extend that exposure into payments and consumer products.

Investors holding Block shares will see the results determine whether the stock recovers from its pullback below its yearly high. Users of Cash App who opt into the Bitcoin bonus feature may see how the company's crypto products perform in its latest numbers.

The takeaway

Block's earnings report will show whether its five-quarter beat streak continues while its Bitcoin strategy and stock price remain in focus. Readers tracking public companies can use the quarterly results to gauge how digital asset exposure affects fintech earnings.

What happens next

Block will report third-quarter financial results after the market closes today, and the market reaction will follow.

Further reading

Explore more United States Public Companies coverage for context on how Block compares with other listed firms.

Source note: This article includes information reported by Benzinga.

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Do you trust big fintech companies like Block to handle your money well?