Key Highlights

  • USD 1.02 is the adjusted EPS Block (NYSE:XYZ) guided for the September quarter, up 89 percent year over year, against a screener consensus of USD 1.03, so expectations sit almost exactly on guidance.
  • Gross profit rose 25 percent to USD 3.17 billion in the June quarter, with Cash App at USD 1.97 billion (up 31 percent) and Square at USD 1.16 billion (up 13 percent), per the company Shareholder letter.
  • Third-quarter Gross Profit guidance of USD 3.13 billion implies 18 percent growth but sits below the June quarter's USD 3.17 billion, while adjusted Operating Income is guided to USD 875 million.
  • Full-year 2026 guidance was raised to about USD 4.02 of adjusted EPS from USD 3.85 and to USD 12.51 billion of gross profit from USD 12.33 billion; results are due after the close on November 3, 2026.

What Block Reports on November 3

Block reports third-quarter 2026 results after the close on Tuesday, November 3, 2026, and the company is valued at about USD 45.45 billion on the screener. The June quarter set the tone. Block had guided gross profit of USD 3.04 billion and adjusted EPS of USD 0.86 for that period, then delivered USD 3.17 billion and USD 1.02, roughly 4 percent and 19 percent above guidance (simple arithmetic on published numbers). A published consensus for the September quarter was USD 1.01 before the screener's USD 1.03, so the bar has crept up but remains close to the company's own USD 1.02 guide. Adjusted operating income was USD 864 million.

How the Guidance Works

Block guides to gross profit rather than revenue, because reported Revenue includes pass-through items that carry little profit, so gross profit is the cleaner read on Cash App and Square. Cash App earns on card and lending products. The company's Rule of X for the third quarter is 46 percent, which adds the 18 percent gross profit growth guide to the 28 percent adjusted Operating Margin guide. A 28 percent margin on USD 3.13 billion produces the USD 875 million operating income guide. GAAP results look very different: June quarter GAAP EPS was USD 0.15 against USD 1.02 adjusted, and the March quarter showed a GAAP loss of USD 0.52.

Bull Case, Bear Case and the PayPal Read-Across

In the bull case, gross profit lands above USD 3.13 billion and the full-year guide rises again, repeating the beat and raise pattern. In the bear case, Cash App growth slows from 31 percent and the sequential dip implied by the guide proves real. No options-implied move was verified, so as labeled arithmetic, a 6 percent move on the screener's USD 45.45 billion value is about USD 2.7 billion. PayPal reported on October 27, 2026 with adjusted EPS of USD 1.45 against USD 1.31 expected, revenue of USD 8.58 billion against USD 8.71 billion, and a full-year EPS raise to USD 5.60. Early trading reaction was reported at about 1.2 percent higher; later moves were not verified.

Where Things Stand

The Fintech in question is Block (NYSE:XYZ), and the evidence says the market has already priced in the guide: USD 1.02 guided, USD 1.03 expected, after a quarter in which profit per share rose 65 percent to USD 1.02. That leaves little room for an in-line print, so the stock likely needs a higher gross profit number or another full-year raise. The next dated catalysts are the November 3, 2026 release itself and management commentary on Cash App growth and the full-year gross profit guide of USD 12.51 billion.