Cash

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<ul>
 <li>Block Inc. shares fall 12% after Q3 earnings and revenue miss market expectations.</li>
 <li>Cash App profits surge 24% year-over-year, driving majority of Block’s gross profit growth.</li>
</ul>
Block Inc., led by Jack Dorsey, had a rocky session as its <a href="https://www.google.com/finance/quote/XYZ:NYSE?client=firefox-b-d&amp;sca_esv=0ce76fe6310e19b4&amp;channel=entpr&amp;output=search&amp;source=lnms&amp;fbs=AIIjpHxU7SXXniUZfeShr2fp4giZbAWXOITOA2iDMI8KKtHg1_iJZkAgDUjBQ2G-XTcpmehEYYv3mBqo99RWnzAJHJZ9R2IdhqVtmBqGQnTn2ogkm0psulxm0DWUHI_P_5300OpPJ4GOUtazuxFdEvMeAxo4nbYKwu57SIaauHPEGemvVOlE5WSZiDQ1aFZa2M066GMvPpZ9CUhM6qKW21uLMonMSIA39w&amp;sa=X&amp;ved=2ahUKEwjuobuR996QAxV6UPUHHYcPKDsQ0pQJegQIDhAB" target="_blank" rel="noopener noreferrer nofollow">shares</a> fell 11.53% after hours after an earnings miss in the third quarter. The company reported earnings per share of $0.54 compared to analysts’ estimates of $0.63 EPS, and revenue of $6.11 billion against consensus of $6.33 billion.&nbsp;
While it was clear Block had strong growth in key lines, the Q3 results are a disappointment for investors. After the Q3 results were released, Block shares ended the day bought and sold at $62.75 in the regular session and then dropped to $70.93 in after-hours trading, while year-to-date shares were down 18.24% in 2025.
<h3 class="wp-block-heading" id="h-block-inc-s-q3-beat-in-core">Block Inc.’s Q3 Beat in Core</h3>
While the headline figures were disappointing, Block’s most recent <a href="https://finance.yahoo.com/news/block-inc-xyz-q3-2025-050911223.html?guccounter=1&amp;guce_referrer=aHR0cHM6Ly93d3cuZ29vZ2xlLmNvbS8&amp;guce_referrer_sig=AQAAAExbROt9D_9Hy3ScS_SGBz86brYraQWgYbP2nBpc0y_Jp4tNmzfn2bclL1nO8hGi9yw97KtgzaXHQtkx-QejyNar0RiSovkKH6oM8qoM9Ydo0GMs9297VLr-dEUYEtoCj5zG03xdrnusPNKP3xMs8kTCs9KtZxQDGRjWW5wSctyQ" target="_blank" rel="noopener noreferrer nofollow">earnings</a> release highlighted promising operational trends, particularly in gross profit, which increased year-over-year by 18% to $2.66 billion. The company is forecasting a gross profit of $10.24 billion for 2025, which would be a solid increase of 15% year-over-year.&nbsp;
Cash App, Block’s peer-to-peer payments service, was responsible for this number, with gross profit of $1.62 billion and a yearly increase of 24%. The company’s other primary business, Square, made a gross profit contribution of $1.018 billion and accounted for a yearly increase of 9%. In addition to Block, it made an operating profit of $409 million, which increased by 26% year-over-year, providing additional evidence of efficiency improvements across its core businesses.
Investors recognized Block’s increasing focus on the crypto side, mostly through its Bitcoin mining segment, Proto, which began operating in November 2024. Block Chief Financial Officer Amrita Ahuja noted that Proto had its first revenue in Q3, representing Block’s entry into selling hardware to mine <a href="https://thenewscrypto.com/make-or-break-moment-can-bitcoin-btc-bulls-defend-the-100k-support/" target="_blank" rel="noopener noreferrer nofollow">Bitcoin</a>, like ASICs and complete mining rigs.&nbsp;
Ahuja said Q3 revenue from mining was modest, but pointed to an “active and robust pipeline” identified for the segment in 2026, expressing that Proto could become a new growth engine in the crypto ecosystem.
Highlighted Crypto News Today:&nbsp;
<a href="https://thenewscrypto.com/ethereum-mining-pioneer-shelton-qiu-joins-kupool-as-chief-operating-officer/" target="_blank" rel="noopener noreferrer nofollow">Ethereum Mining Pioneer Shelton Qiu Joins KuPool as Chief Operating Officer</a>

Block Stock Sinks After Q3 Miss Despite Rising Cash App Profits

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