Block, IncXYZ
▲ PositiveCapitalrelevance
Q2 revenue and EPS beat estimates, with EPS surging to $1.02 from $0.62.
Impact on stocks 1
Digital Finance & Tokenization
Block, IncBlock Q2 Revenue Hits $6.62 Billion, EPS Surges to $1.02
Earnings
Block reported second-quarter revenue of $6.62 billion, a 9.3% increase from a year earlier, while earnings per share jumped to $1.02 from $0.62. Revenue exceeded the Zacks Consensus Estimate of $6.54 billion by 1.25%, and EPS beat the consensus of $0.86 by 18.61%. Cash App Monthly Transacting Actives reached 59 million, just shy of the 59.17 million estimate, and Total Cash App Inflows were $87 billion versus the $87.42 billion forecast. Square Gross Payment Volume came in at $72.85 billion, above the $72.16 billion estimate, and Square total revenue rose 15.6% year over year to $2.5 billion, while Cash App total revenue grew 4.6% to $4.02 billion.
Block, IncQ2 revenue and EPS beat estimates, with EPS surging to $1.02 from $0.62.