SAN FRANCISCO / LONDON (IT BOLTWISE) – Block Inc., the company founded by Jack Dorsey, saw its share price fall significantly after its quarterly results failed to meet analysts’ expectations. Despite an 18% year-over-year increase in gross profit, revenue and earnings per share disappointed. The market reaction was clear, with shares falling nearly 12% in after-hours trading.
Today’s daily deals at Amazon! ˗ˋˏ$ˎˊ˗
Block Inc., the company founded by Jack Dorsey, saw a significant decline in its stock price after its third-quarter results failed to meet analysts’ expectations. Earnings per share were 54 cents, 14% below expectations of 63 cents. Revenue came in at $6.11 billion, up 2.3% year-over-year but below forecasts of $6.33 billion.
The market reaction was clear, as shares of Block Inc. fell 11.53% to $70.93 in after-hours trading, after already ending the trading day down 3.7% at $62.75. This development continues the downward trend of the stock, which has already fallen by 18.24% in 2025. Despite the negative market reaction, some metrics from the third quarter show strong growth for the company.
Block Inc. reported an 18% year-over-year increase in gross profit to $2.66 billion. Of particular note is the success of peer-to-peer payment platform Cash App, which generated the majority of profits at $1.62 billion, an annual increase of 24%. Merchant payments business Square also contributed $1.018 billion, up 9%.
Another interesting aspect is Block’s entry into the Bitcoin mining business. Bitcoin mining arm Proto has started generating revenue, according to Amrita Ahuja, Block’s chief financial officer. Although third-quarter revenue was still described as modest, the company is pursuing an ambitious pipeline for 2026. Proto, which launched in November 2024, placed its first mining rigs in August and is monetizing its innovations in hardware and software by selling ASICs, mining hashboards and complete mining rigs.
Order an Amazon credit card without an annual fee with a credit limit of 2,000 euros!
Bestseller No. 1 ᵃ⤻ᶻ “KI Gadgets”
Bestseller No. 2 ᵃ⤻ᶻ “KI Gadgets”
Bestseller No. 3 ᵃ⤻ᶻ “KI Gadgets”
Bestseller No. 4 ᵃ⤻ᶻ “KI Gadgets”
Bestseller No. 5 ᵃ⤻ᶻ “KI Gadgets”
Please send any additions and information to the editorial team by email to de-info[at]it-boltwise.de. Since we cannot rule out AI hallucinations, which rarely occur with AI-generated news and content, we ask you to contact us via email and inform us in the event of false statements or misinformation. Please don’t forget to include the article headline in the email: “Block Inc. shares fall after disappointing quarterly results”.