Block Earnings Test Five-Quarter Beat Streak

Merchants on Square and holders of XYZ stock will see whether results match analysts' $0.96 per-share estimate.

Updated on Nov. 3, 2026 in Public Companies

Block Earnings Test Five-Quarter Beat Streak

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Block Inc. (NYSE: XYZ) reports third-quarter financial results after the market close today, seeking to extend a streak of earnings beats to five straight quarters. The report matters for public-company investors and operators tracking how the payments firm's point-of-sale and consumer-app businesses are performing.

Why it matters

Block has beaten earnings estimates in each of its previous five quarters, so the report tests whether that pattern holds as the stock has pulled back from its high. For operators using Square point-of-sale systems or considering Bitcoin payment options, the quarter also shows how Block is positioning its Bitcoin features within its core payments products.

Analysts expect Block to report earnings of $0.96 per share, up 78% from a year earlier, on revenue of $6.60 billion, up 8%. The company holds 9,117 BTC on its balance sheet, worth about $697 million, making it the 14th-largest corporate Bitcoin holder.

The players

Block Inc.

Financial technology company operating the Square payments and point-of-sale platform and the Cash App consumer finance app, listed on the New York Stock Exchange under the ticker XYZ.

Morgan Stanley

Global investment bank and brokerage whose equity research division issues ratings and price targets on publicly traded companies.

BTIG

Independent investment bank and brokerage firm that publishes equity research and analyst ratings on public companies.

The details

Block has added Bitcoin payment support to its Square point-of-sale system, letting merchants accept the cryptocurrency at checkout. In September it also launched a Bitcoin bonus feature on Cash App that pays weekly rewards to users who opt in and hold Bitcoin in the app. Morgan Stanley downgraded the stock to Equal Weight last week and cut its price target from $90 to $80, while BTIG reiterated a Buy rating with a $100 target.

Late August: XYZ stock reached its yearly high of $86.92.
September: Block announced the Cash App Bitcoin bonus feature.
Last week: Morgan Stanley downgraded XYZ to Equal Weight.
Monday: XYZ closed at $77.08 in regular trading.
After today's market close: Block reports third-quarter results.

Market Landscape

Block's Bitcoin strategy places it among a small group of corporate holders, with its 9,117 BTC ranking 14th among companies. The quarter's results will show whether consumer and merchant Bitcoin features are contributing to the revenue growth analysts have projected.

Merchants using Square should watch whether Block's Bitcoin payment support adds transaction volume or new costs in the quarter's results. Investors weighing the stock against analyst targets ranging from $80 to $100 should review the earnings disclosure against the consensus figures rather than relying on the rating changes alone.

The takeaway

Once Block releases results after today's close, compare reported non-GAAP earnings and revenue against the $0.96 and $6.60 billion consensus figures. Operators using Square should also check whether the quarter discloses how Bitcoin payments are affecting merchant volume.