Block Q2 Revenue Rises 9.3% Amid Heavy Insider Sales
Block reported Q2 2026 revenue of $6.6 billion, up 9.3% year-over-year, while insider selling totaled nearly $73 million over the past six months.
Block Inc. posted second-quarter 2026 revenue of $6.6 billion, marking a 9.3% increase compared to the same period last year. The company’s financial performance coincides with a significant shift in investor positioning, as 580 institutional investors added shares to their portfolios while 535 reduced their holdings during the most recent quarter.
Analyst sentiment remains broadly positive, with two firms issuing buy ratings in early May 2026. The median price target from 17 analysts stands at $90.00, while a recent upgrade by an unnamed analyst raised the target to $110.00 from $86.00, maintaining a buy recommendation based on the company’s growth trajectory.
Insider Selling Dominates Recent Trades
Insider activity over the past six months has been exclusively bearish, with 98 sales and zero purchases recorded. Anthony Mathew Eisen led these transactions by selling 755,750 shares for an estimated $59.9 million. Brian Grassadonia and Amrita Ahuja followed with sales of 87,364 and 71,671 shares, respectively, totaling approximately $6.9 million and $5.6 million.
Institutional Positions Shift Sharply
Major institutional investors have made substantial moves in Block stock. Baillie Gifford & Co. removed 6.99 million shares, a 70.8% reduction worth about $531.2 million, in Q2 2026. Conversely, Citadel Advisors LLC increased its position by 980.5%, adding 5.71 million shares valued at $343.3 million in Q1 2026.
JPMorgan Chase & Co. and Sixth Street Partners Management Company both added significant stakes in Q2 2026, with purchases of 4.13 million and 4.61 million shares, respectively. Goldman Sachs Group Inc. also expanded its holdings by 111.9%, adding 3.07 million shares worth an estimated $233.0 million.
Analyst Targets Reflect Mixed Views
While the median price target remains at $90.00, individual analysts show divergence in their outlooks. Nik Cremo from Barclays set a target of $100.00 on July 8, 2026, and David Koning from Baird also set a $100.00 target. These figures sit above the median, indicating a subset of analysts expects stronger performance than the consensus.
