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Block (XYZ)
NYSE:XYZ
Earnings Data
Report Date
May 01, 2025TBA Not Confirmed
Period Ending
2025 (Q1)Consensus EPS Forecast
0.97Last Year’s EPS
0.85Same Quarter Last Year
Strong Buy
Based on 26 Analysts Ratings
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Earnings Call Summary
Earnings Call Date:Feb 20, 2025
|% Change Since: -17.69%
|Next Earnings Date:May 01, 2025
Earnings Call Sentiment|Positive
The earnings call highlights significant achievements in gross profit growth, profitability, and product innovation, particularly with Cash App and Square GPV. However, there are challenges such as flat Cash App monthly active users and headwinds in the banking ecosystem. Overall, Block appears well-positioned for future growth with strategic investments and clear guidance.Company Guidance
During the fourth quarter 2024 earnings call, Block provided guidance for 2025, projecting at least a 15% year-over-year increase in gross profit, equating to a minimum of $10.22 billion. Despite a 50 basis point headwind from foreign exchange rates, the company maintained its gross profit outlook for the year. Adjusted operating income for 2025 is expected to reach $2.1 billion with a 21% margin, reflecting a 240 basis point improvement year-over-year. Block anticipates a notable acceleration in Cash App, fueled by the expansion of Cash App Borrow and the integration of Afterpay into the Cash App Card. For Square, both TPV and gross profit are projected to improve, supported by enhanced marketing investments and strengthened sales strategies. The company aims to achieve a Rule of 40 run rate by the end of 2025, with continued focus on balancing growth investments with organizational efficiency.Robust Gross Profit Growth
Block achieved $8.89 billion in gross profit in 2024, representing an 18% year-over-year growth with Square up 15% and Cash App up 21%.
Strong Adjusted EBITDA and Operating Income
Adjusted EBITDA was $3.03 billion, up 69% year-over-year, and adjusted operating income was $1.61 billion, a more than 4.5 times increase on a year-over-year basis.
Cash App Growth and Innovation
Cash App's paycheck deposit actives reached 2.5 million in December, growing 25% year-over-year. The company also launched Afterpay on Cash App Card and plans to expand Cash App Borrow.
Square GPV and Market Strategy
Square GPV grew 10% year-over-year in the fourth quarter with improvements in same-store sales and customer retention as year-over-year growth in the U.S. increased 200 basis points to 6.9%.
Future Growth and Guidance
Block expects strong gross profit growth of at least 15% year-over-year in 2025, despite headwinds from FX rates and strategic investments in marketing and product development.
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XYZ Earnings History
The table shows recent earnings report dates and whether the forecast was beat or missed. See the change in forecast and EPS from the previous year.
Beat
Missed
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XYZ Earnings-Related Price Changes
Report Date | Price 1 Day Before | Price 1 Day After | Percentage Change |
|---|---|---|---|
| Feb 20, 2025 | $83.04 | $68.35 | -17.69% |
| Nov 07, 2024 | $75.27 | $74.56 | -0.94% |
| Aug 01, 2024 | $59.90 | $60.38 | +0.80% |
| May 02, 2024 | $70.30 | $69.47 | -1.18% |
Earnings announcements can affect a stock’s price. This table shows the stock's price the day before and the day after recent earnings reports, including the percentage change.
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FAQ
When does Block (XYZ) report earnings?
Block (XYZ) is schdueled to report earning on May 01, 2025, TBA Not Confirmed.
What is Block (XYZ) earnings time?
Block (XYZ) earnings time is at May 01, 2025, TBA Not Confirmed.
Where can I see when companies are reporting earnings?
You can see which companies are reporting today on our designated earnings calendar.
What companies are reporting earnings today?
You can see a list of the companies which are reporting today on TipRanks earnings calendar.
What is XYZ EPS forecast?
XYZ EPS forecast for the fiscal quarter 2025 (Q1) is 0.97.
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