Block Q2 revenue and profit beat analyst expectations

Block

05/08/2026 21:15

Overview
Payments platform's Q2 revenue rose, beating analyst expectations
Adjusted EPS for Q2 beat analyst expectations
Adjusted EBITDA for Q2 beat analyst expectations

Outlook
Block Inc did not provide specific financial guidance for the current or upcoming quarters

Result Drivers
CUSTOMER ACQUISITION - Block said new customer acquisition, retention, and same store growth contributed to Square U.S. GPV acceleration
PRODUCT EXPANSION - Block cited launch of new hardware and order management capabilities for upmarket sellers as supporting growth
CASH APP ENGAGEMENT - Block said Cash App Primary Banking Actives grew 17% yr over yr, driving deeper engagement

Key Details
Metric
Beat/Miss
Actual
Consensus Estimate
Q2 Revenue
Beat
$6.62 bln
$6.49 bln (27 Analysts)
Q2 Adjusted EPS
Beat
$1.02
$0.87 (31 Analysts)
Q2 EPS
 
$0.15
 
Q2 Adjusted EBITDA
Beat
$1.20 bln
$1.05 bln (26 Analysts)

Analyst Coverage
The current average analyst rating on the shares is "buy" and the breakdown of recommendations is 39 "strong buy" or "buy", 9 "hold" and no "sell" or "strong sell"
The average consensus recommendation for the business support services peer group is "buy"
Wall Street's median 12-month price target for Block, Inc. is $92.00, about 8.7% above its August 4 closing price of $84.64
The stock recently traded at 18 times the next 12-month earnings vs. a P/E of 17 three months ago

Reuters Recommended Reads
Aug 5 - Global Payments' Q2 adjusted revenue slightly misses estimates
Aug 4 - Marqeta Q2 revenue beats estimates on higher total processing volume
Aug 3 - Paymentus Q2 revenue beats expectations on higher billers, transaction volume

For questions concerning the data in this report, contact Estimates.Support@lseg.com. For any other questions or feedback, contact reuters.support@thomsonreuters.com.

(This story was created using Reuters automation and AI based on LSEG and company data. It was checked and edited by a Reuters journalist prior to publication.)