William Blair’s Jeffrey Reiterates “Buy” Rating on Block (XYZ) Following Q3 2025 Results

XYZ

Block, Inc. (NYSE:XYZ) is one of the best crypto-related stocks to invest in.

On November 17, 2025, William Blair’s Andrew Jeffrey reiterated his “Buy” rating on Block, Inc. (NYSE:XYZ). The bullish stance reflects the company’s strong performance in the third quarter. The analyst cited the company’s strong segment performance and expects the positive trajectory to continue. Furthermore, the analyst cited fourth-quarter guidance, which suggests further acceleration. Looking ahead, Jeffrey remains confident in the company’s growth potential, highlighting its strategic focus on consumer liquidity.

Meanwhile, on November 6, 2025, Block, Inc. (NYSE:XYZ) reported its Q3 2025 results. The quarter marked significant volume growth, thanks to revenue acceleration in Cash App and Square. During the quarter, adjusted EBITDA margin remained stable, with operational efficiency gains offsetting incremental investments. Amid broader macroeconomic headwinds, the quarter saw the company showcasing its ability to scale its platform while maintaining momentum across multiple business lines.

Block, Inc. (NYSE:XYZ) saw its total revenue increase by 2.3% from $5.98 billion in Q3 2024 to $6.11 billion. However, its Bitcoin revenue declined 19.03% from $2.43 billion in Q3 2024 to $1.97 billion, which limited overall revenue growth. All other revenue segments recorded positive changes during the quarter. Adjusted diluted net income per share came to be $0.54, compared to $0.53 in Q3 2024.

With its Square point-of-sale systems and Cash App ecosystem, Block, Inc. (NYSE:XYZ) delivers digital payment solutions. It also offers Bitcoin products, self-custody infrastructure, and developer tools for decentralized financial systems.

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