Block Inc. Q3 misses expectations as Cash App growth offsets Square slowdown

Block Q3 revenue grew 2% and beat in profitability, but missed major expectations and highlighted margin risks.

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Block Inc. Q3 misses expectations as Cash App growth offsets Square slowdown

Block Inc. Q3 misses expectations as Cash App growth offsets Square slowdown
Block Inc. posted Q3 2025 revenue of US $6.11 billion, up 2 % year‑on‑year, but below analyst estimates and sent the stock down ~10 %.  
Gross profit rose 18 % to US $2.66 billion, driven by Cash App’s 24 % increase while Square’s growth slowed to 9 %. The company raised its full‑year gross‑profit guidance to US $10.24 billion but cautioned on operating costs amid macro uncertainty. 
Investors are parsing whether the Payments business can accelerate beyond the current cadence amid rising competition and regulatory risks.  
Block reports modest top‑line growth, strong Cash App performance but misses overall expectations and flags cost pressure.