Block (XYZ) Stock Slides After Q3 Miss, But Guidance Ticks Higher — What Investors Need to Know Today (Nov 6, 2025)

6 November 2025

Byline: Nov 6, 2025 — Daily coverage of XYZ stock news and catalysts for Google News & Discover.

Lede

Block, Inc. (NYSE: XYZ) released third‑quarter results after the bell today, missing Wall Street estimates on both revenue and adjusted EPS and sending shares down roughly 10%–13% in after‑hours trading. Management, however, raised full‑year 2025 gross profit guidance—a key input many investors track—setting up a split reaction between headline misses and improved outlook. ^[1]

What happened today

Earnings: Adjusted EPS came in at $0.54, below the $0.67 LSEG consensus. Revenue printed $6.11B vs. $6.31B expected. ^[2]
GAAP results:Net income totaled $461.5M (GAAP EPS $0.74). ^[3]
Guidance: Block lifted its 2025 gross profit outlook to ~$10.24B (previously ~$10.17B). ^[4]
Stock move: XYZ fell ~10%–13% after hours, with prints around the mid‑$60s as investors digested the miss. ^[5]

Key operating takeaways

While topline and EPS missed, the company highlighted healthy ecosystem trends:

Square (merchant) momentum:Gross payment volume (GPV) +12% YoY, with Square gross profit ~$1.02B (+9% YoY). ^[6]
Cash App strength:Gross profit ~$1.62B (+24% YoY). ^[7]

MarketWatch also noted investor focus on limited flow‑through: despite a gross‑profit beat, EBIT beat was modest (about $7M), fueling concerns about operating leverage. ^[8]

Why shares fell despite stronger guidance

Headline miss vs. expectations. A miss on both adjusted EPS and revenue—on a day when many tech/fintech peers leaned into efficiency—tends to outweigh incremental guidance raises in the short term. ^[9]
Profit flow‑through questions. Investors appeared to key in on the narrower EBIT beat relative to the gross‑profit outperformance, a dynamic that can pressure sentiment on margin durability. ^[10]
Macro and competitive backdrop. Reuters flagged persistent consumer‑spending caution and intensifying competition in peer‑to‑peer payments—headwinds that can cap upside to near‑term profitability. ^[11]

The numbers at a glance (Q3 2025)

Revenue: $6.11B (vs. $6.31B est.)
Adjusted EPS: $0.54 (vs. $0.67 est.)
GAAP net income: $461.5M; GAAP EPS: $0.74
FY‑2025 gross profit guide: ~$10.24B (prior ~$10.17B)
After‑hours move: down ~10%–13% to the mid‑$60s
Sources: Reuters, Associated Press, Benzinga, MarketWatch. ^[12]

What to watch next

Earnings call (today):5:00 p.m. ET / 2:00 p.m. PT webcast on Block’s IR site. Expect color on Cash App engagement, Square’s go‑to‑market changes (tiered pricing, focus on larger sellers), and 4Q seasonality into the holidays. ^[13]
Margin trajectory. With investors focused on operating leverage, any commentary on expense discipline and unit economics will be pivotal. ^[14]
Macro sensitivity. Management remarks on consumer trends and competition in P2P/payments could drive near‑term multiple. ^[15]

Context for new readers

Ticker change: In January 2025, Block changed its ticker from SQ to XYZ (NYSE and ASX), a housekeeping move following its 2021 corporate rebrand. ^[16]

Quick FAQ: XYZ Stock Today

Did Block beat or miss in Q3?
Missed on both adjusted EPS and revenue versus consensus. ^[17]

Why is the stock down after hours?
Headline misses and questions about profit flow‑through to EBIT/margins overshadowed otherwise solid ecosystem growth. ^[18]

What’s the new full‑year outlook?
Management raised the FY‑2025 gross profit target to about $10.24B (from $10.17B). ^[19]

When is the earnings call?
Today at 5:00 p.m. ET via the company’s Investor Relations site. ^[20]

Any standout operating metrics?
Yes—Square GPV +12% YoY, Square gross profit ~$1.02B, and Cash App gross profit ~$1.62B (+24% YoY). ^[21]

Editor’s note & sources

This article compiles all major public updates for Nov 6, 2025 related to Block (NYSE: XYZ), including the earnings release and immediate market reaction:

Reuters: miss vs. estimates; stock reaction; FY gross‑profit guide. ^[22]
Associated Press via Times Union: GAAP net income/EPS; revenue. ^[23]
Benzinga: after‑hours price/color; select operating metrics quoted from the shareholder letter. ^[24]
MarketWatch: Square GPV, Cash App gross profit, and analyst flow‑through commentary. ^[25]
Block IR: ticker change confirmation; call timing. ^[26]

Disclosure

This report is for information and news purposes only and is not investment advice. Always do your own research or consult a licensed financial advisor before making trading or investment decisions.

SoundHound Stock (SOUN, TTD, ABNB) Earnings Call | Q3 2025 Breakdown

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References

1. www.reuters.com, 2. www.reuters.com, 3. www.timesunion.com, 4. www.reuters.com, 5. www.benzinga.com, 6. www.marketwatch.com, 7. www.marketwatch.com, 8. www.marketwatch.com, 9. www.reuters.com, 10. www.marketwatch.com, 11. www.reuters.com, 12. www.reuters.com, 13. investors.block.xyz, 14. www.marketwatch.com, 15. www.reuters.com, 16. investors.block.xyz, 17. www.reuters.com, 18. www.reuters.com, 19. www.reuters.com, 20. investors.block.xyz, 21. www.marketwatch.com, 22. www.reuters.com, 23. www.timesunion.com, 24. www.benzinga.com, 25. www.marketwatch.com, 26. investors.block.xyz

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CEO of TS2 Space and founder of TS2.tech. Expert in satellites, telecommunications, and emerging technologies, covering trends in space, AI, and connectivity.

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