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Block Shares Jump 14% Intraday on Third-Quarter Beat

Block's shares were sharply higher by 15:30 London time today, on an intraday reading their biggest daily gain in six months, after third-quarter results beat estimates and the gross profit outlook was raised.

Block (XYZ), the company behind Cash App, was up 14.7% at 87.17 at 15:30 London time today, its largest one-day rise in six months on that intraday reading. The shares have ranged from 83.26 to 88.24 so far today.

On the 15:30 London time quote, the gain leaves Block 2.7% below its 52-week high and 77.6% above its 52-week low. The shares are up 33.9% so far this year on the same quote.

Line chart of Block's daily closing share price over the month to 4 November 2026, with the day of its third-quarter results marked
Block’s daily closes over the past month, with today’s delayed quote at 15:30 London time.

How unusual this is

None of the past six months’ 126 sessions produced a bigger daily rise for Block than today’s 14.7% on the 15:30 London time quote, so far today. The shares also moved by more than 5% in a single session on the 15th of October, 13 sessions ago.

Bar chart of Block's daily share price changes over six months, with the 4 November 2026 move highlighted
Today’s move against six months of daily changes. The final point is a delayed intraday quote at 15:30 London time.
XYZ.US

What was behind it

Yahoo Finance attributed the move to better-than-expected third-quarter earnings and a raised gross profit outlook for next year.

Asktraders News Team
Asktraders News Team
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The AskTraders Analyst Team features experts in technical and fundamental analysis, as well as traders specializing in stocks, forex, and cryptocurrency.

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