Block
SQ2.ASXLatest Earnings
Form 8-K - Q3 25 Earnings
7 November 2025
Block delivered strong Q3 2025 results with gross profit growing 18% YoY to $2.66B, exceeding guidance, driven by 24% growth in Cash App and 9% growth in Square. The company raised full-year 2025 guidance to $10.24B gross profit (15% growth) and $2.06B Adjusted Operating Income (28% growth), reflecting momentum across both ecosystems with Square GPV accelerating to 12% growth and Cash App hitting 58 million monthly actives. Key points: Gross profit grew 18% YoY to $2.66B, exceeding guidance with strong acceleration in both Square (9% growth) and Cash App (24% growth); Square GPV accelerated to 12% growth (highest since Q2 2023), with food & beverage GPV up 17% YoY and strong gains in mid-market sellers (>$500K annualized GPV); Cash App reached 58 million monthly actives with 25% YoY growth in gross profit per transacting active; primary banking actives grew 18% YoY to 8.3M, demonstrating deeper engagement
Recent Announcements
Form 8-K - Q3 25 Earnings
Block delivered strong Q3 2025 results with gross profit growing 18% YoY to $2.66B, exceeding guidance, driven by 24% growth in Cash App and 9% growth in Square. The company raised full-year 2025 guidance to $10.24B gross profit (15% growth) and $2.06B Adjusted Operating Income (28% growth), reflecting momentum across both ecosystems with Square GPV accelerating to 12% growth and Cash App hitting 58 million monthly actives. Key points: Gross profit grew 18% YoY to $2.66B, exceeding guidance with strong acceleration in both Square (9% growth) and Cash App (24% growth); Square GPV accelerated to 12% growth (highest since Q2 2023), with food & beverage GPV up 17% YoY and strong gains in mid-market sellers (>$500K annualized GPV); Cash App reached 58 million monthly actives with 25% YoY growth in gross profit per transacting active; primary banking actives grew 18% YoY to 8.3M, demonstrating deeper engagement
Quarterly Report for the Quarter Ended June 30, 2025
Block, Inc. delivered mixed results for Q2 2025, with total net revenue declining 1.6% YoY to $6.05B, primarily driven by a 17.9% drop in Bitcoin revenue amid market volatility, partially offset by strong growth in subscription/services revenue (+14.8% YoY). Net income attributable to common stockholders surged 175.8% to $538.5M in Q2 (vs. $195.3M in Q2 2024), benefiting from a $212.2M bitcoin remeasurement gain and improved operational leverage, though the company did not provide forward guidance. Key points: Net income surged 175.8% YoY to $538.5M in Q2 2025, driven by strong operational performance and $212.2M bitcoin remeasurement gain; Subscription and services revenue grew 14.8% YoY to $2.05B in Q2, demonstrating strong recurring revenue momentum across core business; Gross profit expanded 13.6% YoY to $2.54B with gross margin improving to 41.9% (vs. 36.3% prior year), showing improving unit economics despite Bitcoin volatility
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