TechFlow, November 7 — According to The Block, Jack Dorsey's fintech giant Block (NYSE: XYZ) released its Q3 2025 earnings report, revealing that Bitcoin-related revenue reached $1.97 billion, accounting for nearly one-third of the company's total revenue of $6.11 billion. Although Bitcoin revenue declined from $2.4 billion in the same period last year, it remains the company's second-largest revenue source after subscription and services.
The financial report showed that Block posted a net profit of $461.5 million in Q3, but adjusted operating income was $409 million, missing market expectations of $473 million. As a result, XYZ shares dropped 9.6% to $64.10 in after-hours trading.
As of the end of September, Block held 8,780 bitcoins, an increase from the beginning of the year. The company has recently launched new Bitcoin payment tools and merchant wallets, further expanding its cryptocurrency business.
