Block Q2 Beats Across the Board: Revenue $6.62B, Adj. EPS $1.02
XYZ sits 73% above its 52-week low of $48.21.
Summary
Block delivered a clean Q2 beat with revenue of $6.62B vs $6.49B consensus, adjusted EPS of $1.02 vs $0.87, and adjusted EBITDA of $1.20B vs $1.05B. Cash App Primary Banking Actives grew 17% year-over-year, while Square U.S. GPV accelerated on new customer acquisition and same-store growth. This follows a Q1 that included heavy restructuring charges and a net loss, making the Q2 profitability beat a notable swing. No specific guidance was provided, but the results reinforce the momentum flagged in the raised full-year outlook from July. The stock is trading near its 52-week high, and these numbers support the bullish thesis.
At the time of this announcement, XYZ was trading at $83.50 on NYSE in the Finance sector, with a market capitalization of approximately $50.1B. The 52-week trading range was $48.21 to $86.75. This news item was assessed with positive market sentiment and an importance score of 8 out of 10. Source: Reuters.