Block, Inc. (XYZ) news today: Shares slide post‑earnings as Square profitability lags; Cash App strength, new product “Releases,” and Investor Day in focus (Nov 9, 2025)
Block, Inc. shares dropped 11% Friday after Q3 results showed Square’s profit growth lagging behind payment volumes and credit losses rising. Gross profit rose 18% to $2.66 billion, led by Cash App’s 24% gain. The company raised its 2025 gross profit outlook to $10.243 billion. Cash App Releases event is set for Nov. 13, with Investor Day on Nov. 19.