Block, Inc. (XYZ) Presents At Goldman Sachs Communacopia + Technology Conference (Transcript)
Block, Inc. (NYSE:XYZ ) Goldman Sachs Communacopia + Technology Conference 2025 September 9, 2025 4:05 PM EDT Company Participants Amrita Ahuja - Foundational Lead, COO, CFO & Treasurer Conference Call Participants William Nance - Goldman Sachs Group, Inc., Research Division Presentation William Nance Research Analyst Okay. We are going to get started now.
Block's Ecosystem Expansion: Will Partnerships Boost Profitability?
XYZ expands with Purdys, Caleres, and Uncle Sharkii partnerships, boosting growth as gross profit climbs 14% in Q2 2025.
Block: Another Crypto Disappointment
Block's Q2 2025 earnings missed expectations, with revenue and EPS shortfalls driven by declining and unprofitable bitcoin trading. Management continues to focus on bitcoin as a payment tool, with no significant crypto expansion or innovation beyond bitcoin, disappointing given industry trends. Core businesses Square and Cash App delivered solid gross profit growth, but overall revenue quality is diluted by high transaction-related costs.
Block's Inflection Needs Convincing Outperformance - Second Chance At Growth
XYZ's second chance of renewed growth is seemingly here, as observed in the robust FQ2'25 performance and the raised FY2025 guidance, after the painful FQ1'25 meltdown. Much of the tailwinds are naturally attributed to the Cash App's improved monetization and the higher engagement rates, thanks to their increased network density. This is on top of Square's ongoing premiumization as they increase their exposure to the upmarket sellers, aided by the expanding adoption in the international markets.
Block: Proto Is Not Priced In, Reiterate Top Pick
Block has regained growth momentum, with management raising guidance and delivering accelerating gross profit growth across core Square and Cash App businesses. The company boasts a strong balance sheet, robust profitability, and an aggressive share repurchase program, supporting its financial health and shareholder returns. Valuation remains attractive at 4.6x forward gross profits, with upside potential as execution continues and new ventures like bitcoin mining gain traction.
ExxonMobil Secures Vast Deepwater Block in Trinidad & Tobago
XOM secures exclusive rights to Trinidad & Tobago's vast UD-1 block, boosting its Caribbean deepwater expansion strategy.
H&R Block's Q4 Earnings Miss Estimates, Improve Year Over Year
HRB's Q4 EPS miss contrasts with revenue growth as tax prep gains offset weaker financial services performance.
ExxonMobil Brings Fourth FPSO Online, Boosts Stabroek Block Output
XOM starts production at Yellowtail with its largest FPSO, One Guyana, boosting Stabroek Block capacity to over 900,000 barrels a day.
Block Pops On Q2 Earnings, But The Real Test Is Coming (Rating Upgrade)
Block delivered record operating income and raised guidance, but growth remains well below its historical pace and competition is fierce. Cash App and Square segments showed solid, but not spectacular, profit growth; Bitcoin revenue was flat, but trading activity helped margins. Valuation remains rich, especially compared to peers like PayPal, and I see limited evidence of a true growth re-acceleration.
Block Stock or Toast Stock?
Question: Why would you pay 2x revenues for Block stock (NYSE:XYZ) – when you can purchase Toast stock (NYSE:TOST), a cloud-based platform for restaurant management, at 5x? You wouldn't, particularly when three significant factors—growth, profitability, and financial standing—indicate that Toast has a more robust financial base and a brighter future.
Block up 5% after hours after payment group raises profit guidance
Block Inc (NYSE:SQ) shares climbed 5% in after-hours trading after the company raised its annual guidance and reported higher second-quarter earnings. The payments group, led by Twitter founder Jack Dorsey, now expects gross profit for 2025 to reach $10.17 billion, up from a previous forecast of $9.96 billion, citing solid performance from its key products.
Block, Inc. (XYZ) Q2 2025 Earnings Call Transcript
Block, Inc. (NYSE:XYZ ) Q2 2025 Earnings Conference Call August 7, 2025 5:00 PM ET Company Participants Amrita Ahuja - Foundational Lead, COO, CFO & Treasurer Jack Dorsey - Co-Founder, Block Head & Chairman Matthew Ross - Head of Investor Relations Conference Call Participants Dan Dolev - Mizuho Securities USA LLC, Research Division Darrin David Peller - Wolfe Research, LLC David John Koning - Robert W. Baird & Co. Incorporated, Research Division Harshita Rawat - Sanford C.
