Overview
- Adjusted EPS came in at $0.54 on revenue of $6.11 billion, both below consensus expectations.
- Total gross profit rose 18% to $2.66 billion, with Cash App up 24% to about $1.62 billion and Square up 9% to roughly $1.02 billion.
- Square GPV grew 12% year over year while gross profit growth trailed at 9%, a gap tied to a processing‑partner cost shift and lower‑margin hardware sales.
- Full‑year 2025 gross‑profit guidance increased to about $10.24 billion and the company projected roughly $2.75–$2.76 billion in Q4 gross profit.
- Bitcoin revenue reached $1.97 billion and holdings stood at 8,780 BTC, with Proto logging its first, modest mining‑hardware revenue as shares fell about 10%–14% post‑report.