05:20 PM EDT, 05/01/2025 (MT Newswires) -- Block (XYZ) reported Q1 adjusted earnings late Thursday of $0.56 per diluted share, up from $0.47 a year earlier.

Analysts polled by FactSet expected $0.97.

Revenue in the three months ended March 31 fell to $5.77 billion from $5.96 billion a year earlier.

Analysts surveyed by FactSet expected $6.19 billion.

Shares of the company slumped 18% in after-hours trading.