William Blair’s Jeffrey Reiterates “Buy” Rating on Block (XYZ) Following Q3 2025 Results
Block, Inc. (NYSE:XYZ) is recognized as one of the best crypto-related stocks to invest in, as highlighted by William Blair’s Andrew Jeffrey who reiterated his “Buy” rating on the company following its strong performance in the third quarter of 2025. Jeffrey’s bullish stance is supported by the company’s robust segment performance and positive trajectory, with expectations of further acceleration in the fourth quarter. He remains confident in Block’s growth potential, emphasizing its strategic focus on consumer liquidity.
In its Q3 2025 results, reported on November 6, 2025, Block, Inc. showcased significant volume growth, driven by revenue acceleration in its Cash App and Square platforms. The company maintained a stable adjusted EBITDA margin during the quarter, as operational efficiency gains offset incremental investments. Despite broader macroeconomic challenges, Block demonstrated its ability to scale its platform while sustaining momentum across multiple business lines.
Total revenue for Block, Inc. increased by 2.3% from $5.98 billion in Q3 2024 to $6.11 billion in Q3 2025. However, Bitcoin revenue declined by 19.03% from $2.43 billion to $1.97 billion, impacting overall revenue growth. Other revenue segments experienced positive growth during the quarter, leading to an adjusted diluted net income per share of $0.54 compared to $0.53 in Q3 2024.
Block, Inc. operates through its Square point-of-sale systems and Cash App ecosystem, offering digital payment solutions, Bitcoin products, self-custody infrastructure, and developer tools for decentralized financial systems.
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In conclusion, Block, Inc. continues to show promise as a leading player in the crypto-related stocks market. With a focus on innovation and strategic growth initiatives, the company remains well-positioned for future success. Investors looking to capitalize on the evolving landscape of digital payments and blockchain technology may find Block, Inc. to be a compelling investment opportunity.
