Block, Inc. XYZ shares are down after the company reported its fourth-quarter results after Thursday’s closing bell. Here’s a look at the key figures from the quarter.
The Details: Block reported quarterly earnings of 71 cents per share which missed the analyst consensus estimate of 87 cents. Quarterly revenue came in at $6.03 billion, which missed the consensus estimate of $6.29 billion and is an increase over revenue of $5.77 billion from the same period last year.
Cash App saw gross profit growth of 16% year-over-year. Cash App Card, BNPL, and Cash App Borrow demonstrated strong performances.
Square saw gross profit growth of 12% year-over-year driven by strength in software and integrated payments and banking products.
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“We expect to exit 2025 at a Rule of 40 run rate, ahead of schedule, and we continue to expect to deliver Rule of 40 in 2026 as this work compounds. We’re excited to share more about our progress with the investment community and look forward to holding an investor day later this year,” CEO Jack Dorsey wrote in a letter to shareholders.
Price Action: According to data from Benzinga Pro, Block shares are down 7.51% after hours at $76.80 Thursday.
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