Block, Inc. Shs Chess Depository Interests Repr 1 Sh (AU:XYZ)
ASX:XYZ
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Block, Inc. Shs Chess Depository Interests Repr 1 Sh
(Sydney:XYZ)
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Rating:70Outperform
Price Target:
AU$108.00
â–²(11.72% Upside)
Action:UpgradedDate:04/13/26
The score is driven primarily by improving financial fundamentals (profitability and strong recent free cash flow) and a constructive earnings-call outlook with raised 2026 guidance. Offsetting this are a less supportive technical setup versus longer-term moving averages and a relatively high P/E without dividend support, plus execution and credit-loss risks highlighted on the call.
Positive Factors
Free Cash Flow Strength
Sustained free cash flow (~$2.51B in 2025) materially improves financial optionality, enabling buybacks, R&D and targeted investments without reliance on dilutive funding. Strong cash conversion versus net income signals earnings quality and supports balance sheet resilience over the next several quarters.
Negative Factors
Revenue Deceleration
A shift from rapid multi-year expansion to mid-single-digit growth tightens the company's organic upside and increases dependence on margin improvements, product monetization and capital returns to drive shareholder outcomes. Slower top-line growth raises competitive vulnerability over the next few quarters.
Read all positive and negative factors
Positive Factors
Negative Factors
Free Cash Flow Strength
Sustained free cash flow (~$2.51B in 2025) materially improves financial optionality, enabling buybacks, R&D and targeted investments without reliance on dilutive funding. Strong cash conversion versus net income signals earnings quality and supports balance sheet resilience over the next several quarters.
Read all positive factors
Block, Inc. Shs Chess Depository Interests Repr 1 Sh (XYZ) vs. iShares MSCI Australia ETF (EWA)
Market Cap
AU$59.41B
Dividend YieldN/A
Average Volume (3M)195.65K
Price to Earnings (P/E)29.6
Beta (1Y)1.50
Revenue Growth2.57%
EPS Growth-53.84%
CountryAU
Employees12,000
SectorTechnology
Sector Strength88
IndustrySoftware - Infrastructure
Share Statistics
EPS (TTM)0.91
Shares Outstanding535,666,600
10 Day Avg. Volume120,145
30 Day Avg. Volume195,654
Financial Highlights & Ratios
PEG Ratio-0.56
Price to Book (P/B)1.80
Price to Sales (P/S)1.60
P/FCF Ratio15.93
Enterprise Value/Market CapN/A
Enterprise Value/RevenueN/A
Enterprise Value/Gross ProfitN/A
Enterprise Value/EbitdaN/A
Forecast
1Y Price Target
AU$140.00Price Target Upside44.82% Upside
Rating ConsensusModerate Buy
Number of Analyst Covering2
EPS Forecast (FY)5.14
Revenue Forecast (FY)AU$36.98B
Block, Inc. Shs Chess Depository Interests Repr 1 Sh Business Overview & Revenue Model
Company Description
Block, Inc., together with its subsidiaries, builds ecosystems focused on commerce and financial products and services in the United States and internationally. It operates through two segments, Square and Cash App. The Square segment offers comme...
How the Company Makes Money
Block makes money mainly by earning fees tied to payment activity and by monetizing financial products and services across its Square and Cash App ecosystems.
Square (merchant business):
- Transaction and payment processing revenue: Square charge...
Block, Inc. Shs Chess Depository Interests Repr 1 Sh Earnings Call Summary
Earnings Call Date:Feb 26, 2026
(Q4-2025)
| % Change Since: |
Next Earnings Date:May 07, 2026
Earnings Call Sentiment Positive
The call highlighted multiple strong operational and financial beats: accelerated gross profit and AOI growth, raised 2026 guidance, substantive buybacks, clear product momentum across Cash App and Square (NVA, GPV, Lending), and measurable technology productivity gains (developer velocity +40%). Offsetting these positives are a substantial workforce reduction (~40% headcount cut), short-term elevated credit losses from new Borrow cohorts and Q4 headwinds to Square gross profit from hardware/processing costs, as well as timing risks around realizing cost savings and executing the AI-driven restructure. On balance, the company presented stronger growth and profitability outlooks and demonstrated risk-calibration capabilities, which outweigh the near-term operational and execution challenges.Positive Updates
Strong Q4 Financial Performance
Q4 gross profit of $2.87B, up 24% year-over-year; adjusted operating income of $588M, up 46% YoY with 3 points of margin expansion; adjusted diluted EPS up 38% YoY. Company exceeded Rule of 40 in Q4.
Negative Updates
Major Workforce Reduction
Announced reduction from over ~10,000 employees to just under ~6,000 (a reduction of roughly 40%+ headcount), impacting many employees and representing a significant organizational change and execution risk.
Read all updates
Q4-2025 Updates
Positive
Negative
Strong Q4 Financial Performance
Q4 gross profit of $2.87B, up 24% year-over-year; adjusted operating income of $588M, up 46% YoY with 3 points of margin expansion; adjusted diluted EPS up 38% YoY. Company exceeded Rule of 40 in Q4.
Read all positive updates
Company Guidance
Management raised 2026 guidance: full-year gross profit growth of 18% to $12.2B (after $10.36B in 2025), with Q1 gross profit growth guided to 22% to ~$2.8B; adjusted operating income (AOI) is now expected at $3.2B (+54% YoY, ~6 points of margin expansion vs. 2025) and adjusted diluted EPS of $3.66 (+54% YoY). For Q1 they expect AOI of $600M and adjusted diluted EPS of $0.67 (up 29% and 20% YoY, respectively), with AOI margins starting at ~21% in Q1 and expanding each quarter (faster in Q3/Q4) such that just under 60% of 2026 AOI is expected in H2. Additional financial pacing items: modest Q1 benefit from the cost actions with larger impacts in Q2/H2, higher risk losses in H1 tied to rapid Borrow growth, ~ $60M net interest expense in Q1 and ~$200M for the year, a mid‑20% non‑GAAP tax rate, and an expectation to sustain Rule of 40 and low single‑digit Cash App actives growth in 2026.Block, Inc. Shs Chess Depository Interests Repr 1 Sh Financial Statement Overview
Summary
Income Statement
72
Positive
Balance Sheet
78
Positive
Cash Flow
70
Positive
| Breakdown | Dec 2025 | Dec 2024 | Dec 2023 | Dec 2022 | Dec 2021 |
|---|---|---|---|---|---|
Income Statement | |||||
| Total Revenue | 25.04B | 24.12B | 21.92B | 17.53B | 17.66B |
| Gross Profit | 10.58B | 8.89B | 7.50B | 5.99B | 4.42B |
| EBITDA | 3.71B | 2.06B | 790.38M | 313.25M | 554.99M |
| Net Income | 1.35B | 2.90B | 9.77M | -540.75M | 166.28M |
Balance Sheet | |||||
| Total Assets | 39.58B | 36.77B | 32.96B | 31.61B | 13.88B |
| Cash, Cash Equivalents and Short-Term Investments | 8.16B | 9.38B | 6.60B | 6.31B | 5.32B |
| Total Debt | 9.23B | 7.92B | 6.06B | 6.38B | 5.00B |
| Total Liabilities | 17.39B | 15.54B | 14.31B | 14.22B | 10.58B |
| Stockholders Equity | 22.22B | 21.27B | 18.70B | 17.36B | 3.27B |
Cash Flow | |||||
| Free Cash Flow | 2.51B | 1.55B | -50.19M | 5.09M | 543.51M |
| Operating Cash Flow | 2.67B | 1.71B | 100.96M | 175.90M | 847.83M |
| Investing Cash Flow | -2.90B | 649.95M | 683.20M | 1.23B | -1.31B |
| Financing Cash Flow | -634.48M | 1.95B | -240.14M | 97.58M | 2.65B |
Block, Inc. Shs Chess Depository Interests Repr 1 Sh Technical Analysis
Positive
96.67
Price Trends
84.22
Positive
90.24
Positive
101.98
Negative
Market Momentum
2.20
Negative
62.69
Neutral
93.27
Negative
Evaluating momentum and price trends is crucial in stock analysis to make informed investment decisions. For AU:XYZ, the sentiment is Positive. The current price of 96.67 is above the 20-day moving average (MA) of 87.74, above the 50-day MA of 84.22, and below the 200-day MA of 101.98, indicating a neutral trend. The MACD of 2.20 indicates Negative momentum. The RSI at 62.69 is Neutral, neither overbought nor oversold. The STOCH value of 93.27 is Negative, not indicating any strong overbought or oversold conditions. Overall, these indicators collectively point to a Positive sentiment for AU:XYZ.
Block, Inc. Shs Chess Depository Interests Repr 1 Sh Risk Analysis
Block, Inc. Shs Chess Depository Interests Repr 1 Sh disclosed 50 risk factors in its most recent earnings report. Block, Inc. Shs Chess Depository Interests Repr 1 Sh reported the most risks in the "Finance & Corporate" category.
Finance & Corporate - Financial and accounting risks. Risks related to the execution of corporate activity and strategy
Latest Risks Added 0 New Risks
Block, Inc. Shs Chess Depository Interests Repr 1 Sh Peers Comparison
UnderperformOutperform
Sector (61)
Name | Overall Rating | Market Cap | P/E Ratio | ROE | Dividend Yield | Revenue Growth | EPS Growth |
|---|---|---|---|---|---|---|---|
70 Outperform | AU$59.41B | 29.58 | 5.91% | ― | 2.57% | -53.84% | |
68 Neutral | AU$393.10M | 7.43 | 10.65% | ― | -0.38% | -18.37% | |
63 Neutral | AU$69.72M | 7.18 | 19.44% | ― | 17.41% | 78.27% | |
61 Neutral | $37.18B | 12.37 | -10.20% | 1.83% | 8.50% | -7.62% | |
52 Neutral | AU$29.14M | 0.19 | 350.35% | ― | 4.71% | ― | |
42 Neutral | AU$20.76M | -2.50 | -583.51% | ― | 41.38% | 49.33% | |
41 Neutral | AU$49.12M | -7.92 | -7.23% | ― | 21.24% | 16.33% |
* Technology Sector Average
AU:XYZ
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Block, Inc. Shs Chess Depository Interests Repr 1 Sh Corporate Events
Vanguard Reports Significant Passive Stake in Block, Inc. via Schedule 13G Filing
Apr 30, 2026
Block, Inc. disclosed that Vanguard Capital Management has filed a Schedule 13G related to Block’s common stock, reflecting a reportable ownership position under U.S. securities rules. The filing, triggered by ownership as of March 31, 2026 ...
Block Files Additional Definitive Proxy Materials With SEC
Apr 26, 2026
Block, Inc. has filed definitive additional proxy materials with the U.S. Securities and Exchange Commission under Schedule 14A, related to its upcoming shareholder voting process. The filing indicates that the company is advancing its proxy solic...
Block Sets 2026 Virtual AGM With Key Votes on Governance, Pay and Technology Oversight
Apr 26, 2026
Block, Inc. has called its 2026 annual meeting of stockholders for June 16, 2026, to be held virtually, where investors will vote on the election of four Class II directors, an advisory say-on-pay proposal for named executive officers, and ratific...
Block Chief Legal Officer Sells Small Stake Under 10b5-1 Plan
Apr 22, 2026
Block, Inc.’s chief legal officer, Chrysty Esperanza, has reported the sale of 3,000 Class A common shares at a price of $75 per share. The transaction, executed on April 21, 2026, was carried out under a pre-established Rule 10b5-1 trading ...
Block CFO Amrita Ahuja Trims Stake in Scheduled Share Sale
Apr 22, 2026
Block, Inc.’s chief financial officer and chief operating officer, Amrita Ahuja, has sold 30,919 shares of the company’s Class A common stock in a transaction dated April 21, 2026. The sale, executed under a pre-arranged Rule 10b5-1 tr...
Block Executive Amrita Ahuja Plans Sale of Vested Restricted Stock Under 10b5-1 Plan
Apr 21, 2026
Block, Inc. disclosed that company officer Amrita Ahuja plans to sell 30,919 shares of Block common stock through Morgan Stanley’s executive financial services unit, with the shares having been acquired as restricted stock that vested betwee...
Block Officer Plans Rule 10b5-1 Sale of 3,000 Shares
Apr 21, 2026
Block, Inc. disclosed that company officer Christinegrace Ganal Esperanza plans to sell 3,000 shares of Block common stock on the New York Stock Exchange, with an indicated aggregate market value of about $225,000. The shares derive from restricte...
Block Business Lead Receives Long-Term Restricted Stock Grant
Apr 9, 2026
Block, Inc. disclosed that company officer and Business Lead Owen Britton Jennings received a grant of 268,727 restricted stock units of Class A common stock at no cost. Following this award, Jennings directly holds 498,818 shares, with the RSUs v...
Block Ecosystem Lead Receives Long-Term Restricted Stock Grant
Apr 9, 2026
Block, Inc. reported that Brian Grassadonia, an officer serving as Ecosystem Lead, received a grant of 117,569 restricted stock units of Class A common stock at no cost. The award increases his directly held beneficial ownership to 618,332 shares,...
Block Grants Multi-Year RSU Award to Chief Legal Officer
Apr 9, 2026
Block, Inc. disclosed that its chief legal officer, Chrysty Esperanza, received a grant of 151,159 restricted stock units representing Class A common stock at no cost, according to a recent insider filing. The award increases her direct beneficial...
Block Executive Trims Stake in Small Rule 10b5-1 Share Sale
Apr 8, 2026
Block, Inc. disclosed that company officer and Business Lead Owen Britton Jennings sold 133 shares of Class A common stock in an open-market transaction dated April 6, 2026, at a price of $60.25 per share. Following the sale, Jennings continues to...
Block Ecosystem Lead Sells Shares in Pre-Planned Transaction
Apr 8, 2026
Block, Inc. disclosed that Brian Grassadonia, an officer serving as Ecosystem Lead, sold 1,769 shares of the company’s Class A common stock on April 6, 2026, at a price of $60.25 per share. Following this transaction, Grassadonia continues t...
Block Executive Files Notice to Sell Additional Common Shares
Apr 6, 2026
An executive of Block, Inc., officer Brian Grassadonia, has filed a notice of proposed sale of 1,769 shares of the company’s common stock, to be executed through Morgan Stanley Smith Barney’s executive financial services unit on the NY...
Block Updates ASX CDI and Common Stock Balances for March 2026
Apr 6, 2026
Block, Inc. reported updated figures for its CHESS Depositary Interests (CDIs) and underlying common stock for March 2026, showing a modest decline in CDIs on issue on the ASX to 36,709,800, down by 435,725 from the prior month due to net transfer...
Block Executive Has Shares Withheld for Tax on RSU Settlement, No Change in Stake
Apr 6, 2026
Block, Inc. disclosed that company officer Owen Britton Jennings had 1,038 Class A common shares withheld on April 1, 2026, to cover income tax and withholding obligations arising from the net settlement of restricted stock units. Following this a...
Block Ecosystem Lead Has Shares Withheld for Tax on Restricted Stock Units
Apr 6, 2026
Block, Inc. disclosed that Brian Grassadonia, the company’s Ecosystem Lead, had 1,252 Class A common shares withheld on April 1, 2026 to cover income tax obligations tied to the net settlement of restricted stock units. Following this routin...
Block CFO Amrita Ahuja Reports Tax-Related Share Withholding in Equity Award
Apr 6, 2026
Block, Inc.’s chief financial and operating officer, Amrita Ahuja, reported a change in her beneficial ownership of the company’s Class A common stock tied to the vesting of restricted stock units. The filing shows that 1,337 shares we...
Block Director Mary Meeker Boosts Equity Stake Through RSU Grant
Apr 6, 2026
Block, Inc. disclosed that director Mary G. Meeker received 311 Class A common shares through restricted stock units granted under the company’s outside director compensation policy, with the units fully vested on the grant date. Following t...
Jay-Z Increases Block, Inc. Stake Through New RSU Grant
Apr 6, 2026
Block, Inc. director Shawn Corey Carter reported receiving 207 Class A common shares in the form of fully vested restricted stock units granted under the company’s outside director compensation policy. The filing also details additional Clas...
Block Director Amy Brooks Receives Fully Vested RSU Grant
Apr 6, 2026
Block, Inc. disclosed that director Amy Brooks received 249 restricted stock units of Class A common stock on April 1, 2026, under the company’s outside director compensation policy. The award, which was fully vested on the grant date and ca...
Block Director Roelof Botha Reports New Equity Grant and Details Indirect Stakes
Apr 6, 2026
Block, Inc. director Roelof Botha reported the receipt of 332 Class A common shares in the form of fully vested restricted stock units granted under the company’s outside director compensation policy. Following this grant, Botha’s dire...
Block Officer Files to Sell Shares in Routine Insider Transaction
Apr 1, 2026
Block, Inc. disclosed that company officer Ajmere Dale plans to sell 750 shares of the firm’s common stock on the New York Stock Exchange, with Morgan Stanley Smith Barney LLC handling the transaction. The planned sale, sourced from previous...
Vanguard Discloses Passive Institutional Stake in Block, Inc.
Mar 26, 2026
The filing discloses that The Vanguard Group has reported a position in Block, Inc. common stock under a Schedule 13G/A, indicating an institutional investment stake as of mid‑March 2026. The amended disclosure signals sustained interest fro...
Block Executive Sells Shares Under Pre-Arranged Trading Plan
Mar 5, 2026
Block, Inc. officer and Business Lead Owen Britton Jennings has sold 3,555 shares of the company’s Class A common stock at a price of $63.41 per share. Following the transaction, Jennings continues to hold 231,262 shares, indicating he retai...
Block Updates CDI and Share Counts Amid Ongoing Capital Management
Mar 5, 2026
Block, Inc. reported updated figures for its CHESS Depositary Interests and underlying share capital for February 2026, showing a decline in CDIs on issue to 37,145,525, driven by net transfers between ASX-traded CDIs and NYSE-listed common stock....
Block Executive Plans Modest Insider Sale Under Rule 144
Mar 3, 2026
Block, Inc. disclosed that company officer Owen B. Jennings has filed to sell 3,555 common shares under Rule 144 through Morgan Stanley’s executive financial services unit on the New York Stock Exchange. The planned sale follows JenningsR...
Block Engineering Lead Adjusts Equity Holdings Through Tax Withholding
Feb 25, 2026
Block, Inc. reported a change in beneficial ownership by engineering lead Arnaud Weber, who had 4,498 Class A common shares withheld by the company to cover income tax and withholding obligations tied to the net settlement of restricted stock unit...
Block Executive Has Shares Withheld to Cover Tax on Equity Award
Feb 25, 2026
Block, Inc. disclosed that company officer and business lead Owen Britton Jennings had 7,901 shares of Class A common stock withheld by the company on February 20, 2026 to cover income tax and withholding obligations tied to the net settlement of ...
Block, Inc. Executive Updates Holdings After RSU Tax Withholding
Feb 25, 2026
Block, Inc. reported a change in the beneficial ownership of its Class A common stock by Chief Legal Officer Chrysty Esperanza, reflecting internal equity administration rather than an open-market transaction. The company withheld 2,573 shares on ...
Block CAO Has Shares Withheld to Cover Tax on Vested Stock Units
Feb 25, 2026
Block, Inc. disclosed that Chief Accounting Officer Dale Ajmere had 1,954 shares of Class A common stock withheld by the company to cover income tax and withholding obligations tied to the net settlement of restricted stock units. Following this a...
Block CFO Amrita Ahuja Reports Routine Share Withholding for Tax on RSUs
Feb 25, 2026
Block, Inc.’s chief financial officer and chief operating officer, Amrita Ahuja, reported a change in her beneficial ownership of the company’s Class A common stock. A total of 7,519 shares were withheld by the company at a price of $5...
Block Executive Plans Additional Insider Sale of Common Stock
Feb 24, 2026
Block, Inc. disclosed that company officer Brian Grassadonia plans to sell 10,349 shares of the company’s common stock through Morgan Stanley Smith Barney, with the transaction targeted for February 24, 2026 on the NYSE. The filing also note...
Block, Inc. Reports January CDI Movements on ASX
Feb 4, 2026
Block, Inc. has reported its January 2026 statement of CHESS Depository Interests on issue, showing 37,952,695 CDIs over its quoted securities on the ASX at month-end, down from 38,680,753 the previous month, reflecting a net reduction of 728,058 ...
Glossary
BuyA stock rated as a "Buy" is expected to perform better than the overall market or a specific benchmark over the near-to-medium term. This rating suggests the stock is likely to deliver higher returns compared to other stocks in the same sector or market index. Note: This is not investment advice; please consult a financial advisor before making investment decisions.
HoldA stock rated as a "Hold" is expected to perform in line with the overall market or a specific benchmark. This rating indicates that the stock is neither particularly compelling nor unfavorable for investment. Note: This is not investment advice; please consult a financial advisor before making investment decisions.
SellA stock rated as a "Sell" is expected to perform worse than the overall market or a specific benchmark over the near-to-medium term. This rating suggests the stock may deliver lower returns compared to other stocks in the same sector or market index. Note: This is not investment advice; please consult a financial advisor before making investment decisions.
Disclaimer
This AI Analyst Stock Report is automatically generated by our AI systems using advanced algorithms and publicly available financial, technical, and market data. While the information provided aims to be accurate and insightful, it is intended for informational purposes only and should not be considered financial advice. Any content created by an AI (Artificial Intelligence) system may contain inaccuracies and/or contain errors. Investing in stocks carries inherent risks, and past performance is not indicative of future results. This report does not account for your personal financial circumstances, objectives, or risk tolerance. Always conduct your own research or consult with a qualified financial advisor before making investment decisions. The analysis and recommendations provided are based on historical and current data and may not fully reflect future market conditions or unexpected developments. Neither the creators of this report nor its affiliated entities guarantee the accuracy, completeness, or reliability of the information presented. Use this report at your own discretion and risk.