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Home/News Feed/Block, Inc. beats EPS estimates with strong CashApp growth despite monetization challenges.
XYZ
$81.80
-$0.96 -1.16%

Block, Inc. beats EPS estimates with strong CashApp growth despite monetization challenges.

Company Fundamentals
06 Aug 2026
Seeking Alpha
View Source
Bullish
Block, Inc. beats EPS estimates with strong CashApp growth despite monetization challenges.

Block, Inc. reported an EPS of $1.02, surpassing the $0.85 consensus, with 2026 earnings guidance up 70% to $4.02. Adjusted operating income rose 57% year-over-year, driven by a 31% increase in CashApp gross profit and a 59% jump in lending originations to $18.9 billion. However, Square's monetization rate fell from 0.45% to 0.41%, indicating challenges in per-user revenue and cross-selling efforts. Despite these issues and ongoing restructuring costs, the company’s strong fundamentals and growth prospects support maintaining a buy rating, with a forward P/E near its highest level this year at 19.65.

More News (XYZ)

XYZ reports 25% profit growth and margin expansion, driven by Cash App lending surge.

XYZ reports 25% profit growth and margin expansion, driven by Cash App lending surge.

XYZ has posted a 25% year-over-year gross profit increase and a 27% adjusted operating margin, surpassing its guidance. This growth is fueled by a 59% rise in Cash App lending volumes and operational efficiencies following a workforce reduction earli...

Analyst Insights
Bullish
1 day ago
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