What to Expect From Block’s Next Quarterly Earnings Report

Oakland, California-based Block, Inc. (XYZ) is a financial technology company that aims to expand access to the global economy through its ecosystem of brands, including Square, Cash App, Afterpay, TIDAL, Bitkey, and Proto. With a market capitalization of approximately $45.9 billion, the company offers a broad range of digital payment, commerce, consumer finance, Bitcoin, and financial services solutions for businesses and individuals.

XYZ is scheduled to report its Q3 earnings on Tuesday, November 3, 2026, after the market closes. Ahead of the release, analysts expect diluted EPS of $0.68, up 25.9% from $0.54 in the year-ago quarter. The company has also exceeded Wall Street’s EPS estimates in each of the past four quarters.

For fiscal 2026, analysts expect Block to report EPS of $2.75, up 17% from $2.35 in fiscal 2025. EPS is projected to increase by another 35.6% year over year to $3.73 in fiscal 2027.

XYZ stock has dipped 2.7% over the past 52 weeks, substantially underperforming both the S&P 500 Index ($SPX), which returned 13.1%, and the State Street Technology Select Sector SPDR ETF (XLK), which climbed 26.8% over the same period.

Block’s Oct. 21, announcement highlights the continued adoption of its Square platform among small businesses. London-based social enterprise Old Spike opened its seventh café and introduced a live impact dashboard powered by Square’s transaction data. The dashboard tracks purchases and translates them into measurable indicators of the organization’s social impact, demonstrating Square’s ability to combine payment processing with customized data visualization and business applications. Old Spike plans to roll out the dashboard across all seven locations, highlighting Square’s versatility and its potential to deepen merchant engagement by offering value beyond payment processing. Following the announcement, XYZ shares rose 1% in the next trading session.

Analysts remain bullish on XYZ, with the stock earning a consensus "Strong Buy" rating. Among the 44 analysts covering the stock, 33 recommend a "Strong Buy," four rate it a "Moderate Buy," while seven suggest a "Hold." The average price target of $97.77 implies a potential upside of 27.9% from the current share price.

On the date of publication, Kritika Sarmah did not have (either directly or indirectly) positions in any of the securities mentioned in this article. All information and data in this article is solely for informational purposes. For more information please view the Barchart Disclosure Policy here.