
Jack Dorsey's fintech company, Block, began a second round of layoffs on Wednesday, months after cutting more than 4,000 jobs in February. The company has not said how many employees are affected at this time.
Block, Inc., builds ecosystems focused on commerce and financial products and services in the United States and internationally. The company is headquartered in Oakland, California.
| Revenue (TTM) | $25.65B |
| Gross Profit (TTM) | $12.23B |
| EBITDA | $1.58B |
| Operating Margin | 6.65% |
| Return on Equity | 2.02% |
| Return on Assets | 1.94% |
| Revenue/Share (TTM) | $42.66 |
| Book Value | $37.89 |
| Price-to-Book | 2.31 |
| Price-to-Sales (TTM) | 1.98 |
| EV/Revenue | 1.829 |
| EV/EBITDA | 18.48 |
| Quarterly Earnings Growth (YoY) | 23.80% |
| Quarterly Revenue Growth (YoY) | 9.90% |
| Shares Outstanding | $544.55M |
| Float | $539.52M |
| % Insiders | 1.16% |
| % Institutions | 83.79% |
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Jack Dorsey's fintech company, Block, began a second round of layoffs on Wednesday, months after cutting more than 4,000 jobs in February. The company has not said how many employees are affected at this time.

Block, Inc. remains a Buy as Cash App drives record user growth and profitability, with 60M transacting users and 38% YoY segment growth. Q3 earnings beat consensus: revenue up 1.5% and EPS at $1.13 versus $1.02 expected, with adjusted EBITDA growing 47% YoY. Severance from major layoffs and a $764M DOJ accrual impacted GAAP results, but adjusted operating income surged 92% YoY.

Block is cutting jobs for the second time this year, days after reporting better-than-expected earnings. The cuts affected employees in its Cash App businesses, Business Insider has learned.

XYZ's third-quarter earnings surge 109.3%, driven by Cash App lending growth, stronger Square payment volumes and record adjusted profitability.

Block raises its 2026 outlook and targets strong 2027 growth as Square gains momentum, Cash App expands lending and AI investments open new opportunities.

Block (XYZ) leaning more into AI is having a positive impact on earnings, as Diane King Hall points to the metric giving the company an edge in Wednesday's early trading action. A slide in comp.

Block set aside nearly a billion dollars for a Justice Department probe into its money-laundering controls, even as Cash App posted its strongest quarter yet. Whether that reserve holds depends on a compliance test Block has already failed twice.

The owner of Cash App and Square reported third-quarter net income of $565.6 million, up from $461.5 million the year prior.

Block grew gross profit faster than it had guided and raised its full-year outlook again. Square's U.S. payment volume growth sped up, a sign its sales push is working.

Block XYZ is slated to release third-quarter 2026 results on Nov. 3, after market close. The company's quarterly results are likely to reflect year-over-year growth in both revenues and earnings.
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