Jack Dorsey's Block Generates Almost $2 Billion in Bitcoin Revenue in Q3
Written by Emily J. Thompson, Senior Investment Analyst
Updated: Nov 07 2025
0mins
Should l Buy XYZ?
Source: Yahoo Finance
Block's Financial Performance: Block, led by Jack Dorsey, reported nearly $2 billion in Bitcoin revenue for Q3, contributing to a total revenue of $6.11 billion and a net income of $461.5 million, despite missing market expectations.
Bitcoin Revenue Trends: Bitcoin revenue decreased from $2.4 billion a year earlier to $1.97 billion, but it remains a significant revenue stream for Block, which is expanding its Bitcoin ecosystem with new payment tools and a merchant wallet.
Stock Market Reaction: Following the earnings report, Block's shares fell over 11%, closing at $64.10, reflecting investor concerns despite the company's long-term strategic positioning in the Bitcoin market.
Legislative Advocacy: Dorsey's push for Bitcoin as a medium of exchange is gaining political support, with Senator Cynthia Lummis drafting legislation to exempt small crypto transactions from capital gains taxes, aligning with Dorsey's vision for everyday Bitcoin use.
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Analyst Views on XYZ
Wall Street analysts forecast XYZ stock price to rise
30 Analyst Rating
25 Buy
3 Hold
2 Sell
Strong Buy
Current: 69.780
Low
55.00
Averages
86.51
High
108.00
Current: 69.780
Low
55.00
Averages
86.51
High
108.00
About XYZ
Block, Inc. builds technology to increase access to the global economy. The Company operates through two segments: Square and Cash App. The Square includes managed payment services, software solutions, hardware, and financial services offered to sellers, excluding those that involve Cash App. The Cash App segment includes the financial tools available to individuals within the mobile Cash App, including peer-to-peer payments, bitcoin and stock investments. The Cash App also includes Cash App Card, which is linked to customer stored balances that customers can use to pay for purchases or withdraw funds from an ATM. Cash App also includes the BNPL platform. Its Afterpay business is transforming the way customers manage their spending over time. Its TIDAL business is a music platform that empowers artists to thrive as entrepreneurs. Its Bitkey business is a simple self-custody wallet built for bitcoin. Proto business is a suite of bitcoin mining products and services.
About the author
Emily J. Thompson
Emily J. Thompson, a Chartered Financial Analyst (CFA) with 12 years in investment research, graduated with honors from the Wharton School. Specializing in industrial and technology stocks, she provides in-depth analysis for Intellectia’s earnings and market brief reports.
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See More
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- API Openness and Customization: Square has opened its Reporting API, allowing restaurant groups to programmatically access reporting data, streamlining data integration processes, while the introduction of custom payment methods enables more flexible and efficient tracking of non-Square sales.
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