Added to YB: 2026-08-27
Pitch date: 2026-08-20
XYZ [bullish]
Block, Inc.
+3.82%
current return
Author Info
Bob’s Payment Stock Substack is a former analyst and portfolio manager. Fundamental buy-and-hold investor. Talking stocks and markets. Focus on Payments, Financial Technology, and Payroll and HCM. Sign up for the newsletter.
Company Info
Block, Inc., together with its subsidiaries, builds ecosystems focused on commerce and financial products and services in the United States and internationally.
Market Cap
$48.9B
Pitch Price
$80.04
Price Target
N/A
Dividend
N/A
EV/EBITDA
30.28
P/E
138.33
EV/Sales
1.97
Sector
Financial Services
Category
value
Payments and FinTech Earnings Recap: Q2 2026 - Block, Inc.
XYZ (earnings): Beat-and-raise but market unimpressed. Square GPV +13% cc (+2pts q/q; US ~10%, intl +25%), GP growth to converge w/ GPV in H2 as it laps processing-partner headwind. Cash App GP +31% (-7pts, harder Borrow comps); commerce enablement ex-Business +19% robust, Cash App Card volume >20% (4th-largest US debit). Negatives: broad Cash App deceleration — PBAs +17% vs 22% two qtrs ago, inflows +13% vs 15%; lending losses ~doubled y/y despite slower origination, poor loss-rate visibility; author skeptical on AI traction (Managerbot/Moneybot) vs peers. Val: 13.5x EV/2026 EBITDA, cheapest vs TOST 33x/ADYEN 20x/SHOP 75-80x; author sees upside if medium-term goals hit.
Read full article (2 min)