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Block (XYZ) guidance and outlook

Block's 10-Q filed Nov 3, 2026 makes 12 forward-looking statements, 2 of them new and 1 no longer said since the filing before.

Guidance and outlook

Forward-looking statements, 10-Q filed Nov 3, 2026

• new · We do not expect to incur additional material charges related to the Workforce Plan.
• We continue to realize benefits related to our focus on disciplined growth and cost efficiencies, and we expect to continue to benefit from these actions in future periods.
• We plan to continue to operate at this smaller size and are continuing to look at ways to improve our efficiency through a combination of AI automation, prioritization of our scope, performance management, and centralization of teams and functions to reduce duplication.
• We continue to expect annualized net cost savings associated with the Workforce Plan of approximately $800 million to $900 million, related to employee compensation, a portion of which we are strategically reinvesting in the Company.
• Additionally, beginning in the second quarter of 2025, Cash App Borrow and certain other loan products were retained on our balance sheet and classified as held for investment, for which we recognize expected credit losses upfront at origination.
• In addition to the limitations above, Adjusted EBITDA does not reflect the effect of share-based compensation expense, which has been, and will continue to be for the foreseeable future, a significant recurring expense in our business and an important part of our compensation strategy, depreciation and amortization expense and related cash capital requirements, income taxes that may represent a reduction in cash…
• new · Principal and interest on the certificates are payable at maturity, and the Company expects to repay or refinance maturing certificates through new issuances, Square Financial Services deposit growth, and other available liquidity.
• We expect to hold these investments for the long-term but will continue to reassess our bitcoin investment relative to our balance sheet.
• We expect that these credit rating agencies will continue to monitor our performance, including our capital structure and results of operations.
• updated · Short-term restricted cash of $650.4 million as of September 30, 2026 primarily includes cash held by the Warehouse SPEs used in the Warehouse Facilities funding arrangements that will be used to pay the borrowings under the Warehouse Facilities or will be distributed to us.
• For periods that end on a weekend or a bank holiday, our cash and cash equivalents, settlements receivable, and customers payable balances typically will be higher than for periods ending on a weekday, as we settle to our sellers for payment processing activity on business days; and
• We base our estimates on historical experience, anticipated future trends, and other assumptions we believe to be reasonable under the circumstances.

Block's latest quarter

Questions

What does Block expect?

We do not expect to incur additional material charges related to the Workforce Plan. Principal and interest on the certificates are payable at maturity, and the Company expects to repay or refinance maturing certificates through new issuances, Square Financial Services deposit growth, and other available liquidity. Short-term restricted cash of $650.4 million as of September 30, 2026 primarily includes cash held by the Warehouse SPEs used in the Warehouse Facilities funding arrangements that will be used to pay the borrowings under the Warehouse Facilities or will be distributed to us.

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Updated Nov 8, 2026. Read automatically from SEC filings and public data; errors are possible. Not investment advice.