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Sep 30, 2025
Block Inc. Q3 2025 Earnings Report
Block Inc. reported strong third quarter results, highlighted by increased profitability and growth across both Cash App and Square.
Key Takeaways
Block delivered solid Q3 2025 results with strong gross profit growth, boosted by gains in Cash App and accelerating GPV in Square. Net income was positive, supported by AI-driven efficiencies, expanding product lines, and rising engagement across platforms.
Revenue by Segment
Revenue by Geographic Location
Forward Guidance
Block raised its Q4 and full-year 2025 guidance, expecting continued strength in gross profit and operating leverage.
Positive Outlook
- Raised full-year 2025 gross profit guidance to $10.243 billion
- Q4 2025 gross profit expected to grow 19% YoY to $2.755 billion
- Q4 Adjusted Operating Income expected at $560 million (20% margin)
- Adjusted Operating Income for FY25 expected at $2.056 billion
- Strong momentum in both Square and Cash App ecosystems
Challenges Ahead
- Bitcoin revenue declined YoY in Q3 2025
- Adjusted EBITDA margin decreased to 31% from 36% YoY
- Cash App GPV declined YoY to $2.132B from $2.619B
- Higher marketing and acquisition expenses in Cash App
Revenue & Expenses
Visualization of income flow from segment revenue to net income
Historical Earnings Impact
Analyze how earnings announcements historically affect stock price performance
Avg. Return Before/After Earnings
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