Back to today’s briefing

Story perspectives

Block's Q1 Earnings Rise, But Revenue Misses Estimates

5/2/2025

30 2

Summary

Story summary

Block's Q1 2025 earnings showed a 9% gross profit rise to $2.29 billion, but earnings per share fell short at $0.56.
Revenue decreased to $5.77 billion, missing estimates by 6.65% and down 3% from last year.
Cash App's gross profit grew by 10%, while Square's rose by 9%.
Block's stock has dropped 31% this year, compared to a 5.3% decline in the S&P 500.
The company revised its fiscal 2025 guidance, now expecting 12% gross profit growth.

1 of 1

Story summary

Block's Q1 2025 earnings showed a 9% gross profit rise to $2.29 billion, but earnings per share fell short at $0.56.
Revenue decreased to $5.77 billion, missing estimates by 6.65% and down 3% from last year.
Cash App's gross profit grew by 10%, while Square's rose by 9%.
Block's stock has dropped 31% this year, compared to a 5.3% decline in the S&P 500.
The company revised its fiscal 2025 guidance, now expecting 12% gross profit growth.