EL7.AI
StocksMedium•29 October 2026•
1 min read

Block Stock Slumps 11% After Missing Q3 Earnings and Revenue Estimates

Key Facts

1Block reported adjusted earnings per share of $0.54, missing the analyst consensus of $0.63.
2The company's revenue reached $6.11 billion in Q3, falling short of the expected $6.33 billion.
3Gross payment volume landed at $56.8 billion against a forecast of $58 billion.

Block reported adjusted earnings per share of $0.54 for the third quarter, missing the analyst consensus of $0.63. Startup Fortune reported that the company's revenue reached $6.11 billion, falling short of the $6.33 billion expected by markets. Gross payment volume also landed at $56.8 billion against a forecast of $58 billion, triggering an 11% drop in the stock during after-hours trading on October 29, 2026.

The performance miss for Block, the parent company of Square and Cash App, occurred despite recent restructuring efforts and AI-related layoffs intended to lean out operations. While gross payment volume grew 12% year-over-year, gross profit growth for the Square segment slowed to 9% from 11% in the prior quarter. With no current price levels available for the session, market attention remains on the disparity between the reported figures and Wall Street's financial benchmarks.