Block reported adjusted earnings per share of $1.13 for its third fiscal quarter, compared to $0.54 in the same period last year and a market estimate of $1.02; adjusted EBITDA was $1.23 billion, in line with the market estimate of $1.2 billion; adjusted net income was $697.3 million, compared to $336.9 million in the same period last year and a market estimate of $624.6 million; net revenue was $6.72 billion, up 9.9% year-over-year and in line with the market estimate of $6.59 billion. Block expects adjusted operating profit of $1 billion for its fourth fiscal quarter, compared to the market estimate of $1 billion; gross profit of $3.32 billion, compared to the market estimate of $3.31 billion; and an adjusted operating margin of 30%.
