Block reported Q4 2025 earnings of $0.65 per share, crushing the $0.49 estimate. Gross profit came in at $2.87 billion, up 24% year over year. Square's payment volume re-accelerated to 12% growth as of February, the strongest in years. Cash App hit 58 million monthly active users.
For 2026, Block is guiding $12.2 billion in gross profit (up 18%) and adjusted EPS of $3.66, which would be a 54% jump. XYZ trades at $59.93, still more than 27% below its 52-week high of $82.50. Analysts have an average target of $80.36. The numbers say the turnaround is working.
The stock hasn't caught up yet.