Snapshot
Block, Inc. reported $6.11B of revenue in Q3 2025, up 2.3% year over year, with diluted EPS of $0.74 and an operating margin of 6.7%.
- Revenue
- $6.11B
- YoY growth
- +2.3%
- Diluted EPS
- $0.74
- Operating margin
- 6.7%
$6.11B
Revenue
+2.3%
YoY growth
$0.74
Diluted EPS
6.7%
Operating margin
01 Key takeaways
What management said
- •Good day, ladies and gentlemen, and welcome to the Block third quarter 2025 earnings conference call.
- •These forward-looking statements include discussions of our outlook, strategy, and guidance, as well as our long-term targets and goals.
- •Also note that the forward-looking statements, including earnings guidance for 2025 discussed on this call, are based on information available to us and assumptions we believe are reasonable as of today's date.
- •With Rule of 40, we are evaluating the sum of our gross profit growth and adjusted operating income margin.
- •Gross profit grew 18% year-over-year to $2.66 billion, accelerating from 14% growth last quarter, driven by Cash-up.
- •Adjusted operating income was $480 million, showing strong profitability even in a quarter where we leaned into investments to drive long-term growth.
- •Cash-up's 24% year-over-year gross profit growth in the third quarter accelerated from 16% in the second quarter.
- •Our focus on re-accelerating active growth and increasing network density is working, as we reached 58 million monthly actives in September.
- •This growth was driven by improvements in experiences across the app, including onboarding, referrals, and core payment flows, reducing friction while boosting engagement and retention.
- •Cash-up's gross profit per monthly transacting active grew 25% year-over-year to $94.
- •Primary banking actives grew 18% year-over-year to 8.3 million, up from 8 million in the second quarter.
- •Turning to Square, gross profit grew 9% year-over-year in the third quarter, and GPV grew 12%, with an acceleration of growth in both the U.S.
SourcesCompany financials · earnings call
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