Overview
- Adjusted EPS came in at $0.54 on revenue of $6.11 billion, missing Wall Street estimates, and the stock fell roughly 10% to 15% in after-hours and premarket trading.
- Block guided fourth-quarter gross profit to about $2.75–$2.76 billion, implying roughly 19% year-over-year growth.
- Cash App delivered 24% gross-profit growth to about $1.6–$1.62 billion, with 58 million monthly transacting actives and momentum in Borrow, buy now, pay later, and Cash App Card.
- Square’s gross payment volume rose 12% to $67.2 billion while gross profit increased about 9% to $1.02 billion, sharpening investor focus on profitability metrics such as the Rule of 40.
- Bitcoin revenue totaled about $1.97 billion and holdings reached 8,780 BTC, while Proto recorded its first mining-hardware sales and credit losses jumped 89% to $363.5 million, driven by higher Cash App borrowings.