Block Inc. (XYZ.AX) reported a profit for fourth quarter that Drops, from last year in line with the Street estimates.
The company's bottom line came in at $116.00 million, or $0.19 per share. This compares with $1.946 billion, or $3.05 per share, last year.
Excluding items, Block Inc. reported adjusted earnings of $402 million or $0.65 per share for the period.
Analysts on average had expected the company to earn $0.65 per share. Analysts' estimates typically exclude special items.
The company's revenue for the period rose 3.6% to $6.252 billion from $6.033 billion last year.
Block Inc. earnings at a glance (GAAP) :
-Earnings: $116.00 Mln. vs. $1.946 Bln. last year.-EPS: $0.19 vs. $3.05 last year.-Revenue: $6.252 Bln vs. $6.033 Bln last year.
The company expect to deliver Adjusted Diluted EPS growth of 54% year over year in 2026 to $3.66.
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May 15, 2026 15:25 ET Apart from the confirmation of Kevin Warsh as the next Fed chair, the main news on the economics front this week included key price data from the U.S. and the first quarter economic growth figures from major economies. Both consumer prices and producer costs have started to reflect the effect of supply shocks due to the Middle East conflict. In Europe, GDP data was in focus, while inflation data from China dominated the news flow in Asia.