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:73Outperform
Price Target:
AU$115.00
â–²(18.96% Upside)
Action:Reiterated
Date:05/09/26
The score is driven primarily by strong cash flow and a low-leverage balance sheet, reinforced by a positive earnings call with raised 2026 guidance. Technicals are supportive with price above key moving averages and positive MACD. The main constraint is valuation, with a high P/E and no dividend yield provided to offset it.
Positive Factors
Strong cash generation
Sustained, sizable operating and free cash flow provides durable funding for product investment, go‑to‑market expansion, and balance sheet optionality. High FCF growth and near parity with net income indicate earnings quality that supports multi‑quarter strategic initiatives without relying on external finance.
Negative Factors
Soft profitability metrics
Despite healthy revenue and gross margins, compressed net and EBIT margins limit capital returns and reinvestment capacity. Persistent margin softness reduces downside protection from slower top‑line periods and constrains long‑term ROIC unless operational leverage materially improves.
Read all positive and negative factors
Positive Factors
Negative Factors
Strong cash generation
Sustained, sizable operating and free cash flow provides durable funding for product investment, go‑to‑market expansion, and balance sheet optionality. High FCF growth and near parity with net income indicate earnings quality that supports multi‑quarter strategic initiatives without relying on external finance.
Read all positive factors
Block, Inc. Shs Chess Depository Interests Repr 1 Sh (XYZ) vs. iShares MSCI Australia ETF (EWA)
Market Cap
AU$56.75B
Dividend YieldN/A
Average Volume (3M)195.65K
Price to Earnings (P/E)―
Beta (1Y)1.57
Revenue Growth0.90%
EPS Growth-68.02%
CountryAU
Employees12,000
SectorTechnology
Sector Strength88
IndustrySoftware - Infrastructure
Share Statistics
EPS (TTM)1.30
Shares Outstanding535,195,000
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$117.50Price Target Upside21.55% Upside
Rating ConsensusStrong Buy
Number of Analyst Covering5
EPS Forecast (FY)5.33
Revenue Forecast (FY)AU$35.98B
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:May 07, 2026
(Q1-2026)
| % Change Since: |
Next Earnings Date:Jul 30, 2026
Earnings Call Sentiment Positive
The call presented multiple strong operational and financial beats: record adjusted profitability, robust Cash App and Square growth, accelerated product velocity driven by AI, successful launches (Moneybot, Managerbot, BNPL expansions), and an upwardly revised full-year guide. Lowlights were largely expected and manageable: modest near-term actives growth, Borrow normalization and cohort loss dynamics, one-time comparison effects and FX, review/process friction from a rapid increase in PRs, and planned incremental go-to-market spend. On balance, positives are broad-based, quantifiable and multi-quarter in nature while negatives are either transitional, expected, or being actively managed.Positive Updates
Beat Guidance and Raised Full-Year Outlook
Exceeded Q1 guidance and raised 2026 outlook: now expect $12.33B gross profit (19% YoY), $3.34B adjusted operating income (margin +1pp vs prior guide) and $3.85 adjusted diluted EPS (up 62% YoY).
Negative Updates
Actives Growth and Seasonality
Monthly transacting actives growth modest: +4% YoY and MTUs were relatively flat sequentially (artifact of rounding). Management expects low single-digit actives growth for the remainder of 2026 and a slight seasonal sequential decline in primary banking actives in Q2.
Read all updates
Q1-2026 Updates
Positive
Negative
Beat Guidance and Raised Full-Year Outlook
Exceeded Q1 guidance and raised 2026 outlook: now expect $12.33B gross profit (19% YoY), $3.34B adjusted operating income (margin +1pp vs prior guide) and $3.85 adjusted diluted EPS (up 62% YoY).
Read all positive updates
Company Guidance
Management raised its full‑year 2026 outlook: gross profit now $12.33B (up 19% y/y, +1 ppt vs prior guide), adjusted operating income $3.34B (margin guidance +1 ppt), and adjusted diluted EPS $3.85 (up 62% y/y), with an expected exit‑2026 gross profit growth rate in the mid‑teens; Q2 guidance is gross profit $3.04B (20% y/y), adjusted operating income $740M (35% y/y; +2 pts margin y/y) and adjusted diluted EPS $0.86 (39% y/y). They expect Q2 interest expense of $55–60M and full‑year interest expense of ~$200–210M, a mid‑20% non‑GAAP effective tax rate for Q2 and the year, low single‑digit actives growth for the remainder of 2026 (with a slight seasonal sequential decline in primary banking actives in Q2 but continued y/y growth), and they expect GPV growth to accelerate in 2026 (supported by NVA growth) despite tougher comps and FX headwinds.Block, Inc. Shs Chess Depository Interests Repr 1 Sh Financial Statement Overview
Summary
Income Statement
70
Positive
Balance Sheet
78
Positive
Cash Flow
84
Very Positive
| Breakdown | TTM | Dec 2025 | Dec 2024 | Dec 2023 | Dec 2022 | Dec 2021 |
|---|---|---|---|---|---|---|
Income Statement | ||||||
| Total Revenue | 24.58B | 25.04B | 24.12B | 21.92B | 17.53B | 17.66B |
| Gross Profit | 10.99B | 10.58B | 8.89B | 7.50B | 5.99B | 4.42B |
| EBITDA | 2.77B | 3.71B | 2.06B | 790.38M | 313.25M | 554.99M |
| Net Income | 809.00M | 1.35B | 2.90B | 9.77M | -540.75M | 166.28M |
Balance Sheet | ||||||
| Total Assets | 39.99B | 39.58B | 36.77B | 32.96B | 31.61B | 13.88B |
| Cash, Cash Equivalents and Short-Term Investments | 13.26B | 8.16B | 9.38B | 6.60B | 6.31B | 5.32B |
| Total Debt | 8.13B | 9.23B | 7.92B | 6.06B | 6.38B | 5.00B |
| Total Liabilities | 18.31B | 17.39B | 15.54B | 14.31B | 14.22B | 10.58B |
| Stockholders Equity | 21.72B | 22.22B | 21.27B | 18.70B | 17.36B | 3.27B |
Cash Flow | ||||||
| Free Cash Flow | 3.28B | 2.51B | 1.55B | -50.19M | 5.09M | 543.51M |
| Operating Cash Flow | 3.43B | 2.67B | 1.71B | 100.96M | 175.90M | 847.83M |
| Investing Cash Flow | -3.50B | -2.90B | 649.95M | 683.20M | 1.23B | -1.31B |
| Financing Cash Flow | 349.76M | -634.48M | 1.95B | -240.14M | 97.58M | 2.65B |
Block, Inc. Shs Chess Depository Interests Repr 1 Sh Technical Analysis
Neutral
96.67
Price Trends
93.33
Positive
91.01
Positive
100.31
Negative
Market Momentum
1.00
Positive
49.21
Neutral
23.87
Neutral
Evaluating momentum and price trends is crucial in stock analysis to make informed investment decisions. For AU:XYZ, the sentiment is Neutral. The current price of 96.67 is below the 20-day moving average (MA) of 99.03, above the 50-day MA of 93.33, and below the 200-day MA of 100.31, indicating a neutral trend. The MACD of 1.00 indicates Positive momentum. The RSI at 49.21 is Neutral, neither overbought nor oversold. The STOCH value of 23.87 is Neutral, not indicating any strong overbought or oversold conditions. Overall, these indicators collectively point to a Neutral 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 |
|---|---|---|---|---|---|---|---|
73 Outperform | AU$56.75B | -28.22 | 3.64% | ― | 0.90% | -68.02% | |
68 Neutral | AU$443.56M | 7.43 | 10.65% | ― | -0.38% | -18.37% | |
67 Neutral | AU$69.22M | 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$27.22M | 0.19 | 350.35% | ― | 4.71% | ― | |
42 Neutral | AU$18.17M | -2.50 | -583.51% | ― | 41.38% | 49.33% | |
41 Neutral | AU$44.66M | -7.92 | -7.23% | ― | 21.24% | 16.33% |
* Technology Sector Average
AU:XYZ
Block, Inc. Shs Chess Depository Interests Repr 1 Sh
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Block, Inc. Shs Chess Depository Interests Repr 1 Sh Corporate Events
Block Investors Press for Board-Level Technology Oversight Committee
May 8, 2026
The New York State Common Retirement Fund is urging Block shareholders to support a stockholder proposal calling for the establishment of a dedicated board-level Technology Committee. The proposal argues that Block’s growing reliance on arti...
Block, Inc. Files First-Quarter 2026 Report as Large Accelerated Filer
May 8, 2026
Block, Inc. has filed its quarterly report for the period ended March 31, 2026, confirming that it has met all required reporting obligations under the Securities Exchange Act over the past year. The filing classifies Block as a large accelerated ...
Block, Inc. Adjusts CDI and Share Counts Amid Transfers and Buybacks
May 5, 2026
Block, Inc. reported that the number of CHESS Depositary Interests on issue over its quoted securities rose slightly in April 2026, with net CDI growth driven by transfers between CDIs and common stock listed on the NYSE. The company also recorded...
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...
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.
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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.