| Quarter | Call date | Disclosure | Financial quality | Kept | Missed | |
|---|---|---|---|---|---|---|
| Q2'26 | August 5, 2026 | 8/12 | 1 high, 3 medium, 3 low flags | 3 | 0 | Call sheet → |
| Q1'26 | May 7, 2026 | 8/12 | 2 high, 3 medium, 1 low flags | 3 | 0 | Call sheet → |
| Q4'25 | February 26, 2026 | 7/12 | 2 high, 3 medium, 1 low flags | 5 | 1 | Call sheet → |
| Q3'25 | November 7, 2025 | 12/12 | 8 low flags | 5 | 0 | Call sheet → |
| Marked | Status | Promise |
|---|---|---|
| Q2'26 | Exceeded | Q2 2026 AOI guidance of $740M / 35% growth with 2 points of margin expansion Actual AOI margin hit 27%, an all-time high, consistent with or slightly ahead of the implied guided margin level. |
| Q2'26 | Exceeded | Q2 2026 adjusted diluted EPS guidance of $0.86 / 39% YoY growth Actual Q2 adjusted diluted EPS growth was 65% YoY, a substantial beat on the growth rate guided. |
| Q2'26 | Exceeded | Q2 2026 gross profit growth guidance of 20% YoY Actual Q2 gross profit growth came in at 25% YoY, a 5-point beat. |
| Q1'26 | Delivered | Launch MoneyBot to full customer base Now generally available |
| Q1'26 | Delivered | Accelerate GPV growth in 2026 vs 2025 Q1 at 13% vs 10% in 2025 |
| Q1'26 | Pending | Low single-digit actives growth for 2026 Q1 at 4% YoY, on track |
| Q1'26 | Pending | Exit 2026 at mid-teens gross profit growth Reiterated but seems harder with Q1 at 27% |
| Q1'26 | Delivered | Sustain Rule of 40 on annual basis Q1 at 52% (27% growth + 25% margin) |
| Q1'26 | Pending | Reach all Square sellers with Managerbot Said June target, was supposed to be Q1 originally |
| Q4'25 | Delivered | Proto to be modest contributor in second half of 2025 Generated first revenue with initial customer shipments |
| Q4'25 | Missed | Borrow losses continue to trend below 3% target Admitted to 'higher portfolio losses in December and January' due to growth |
| Q4'25 | Exceeded | GPV growth acceleration continuing into Q1 GPV growth over 12% quarter-to-date through February vs 10.3% in Q4 |
| Q4'25 | Delivered | Continue to see healthy trends as we scaled post-purchase BNPL Reached $3B+ annualized originations, now launching pre-purchase |
| Q4'25 | Delivered | Strongest NVA performance ever in 2025 17% NVA growth for full year 2025 with 29% in Q4 |
| Q4'25 | Exceeded | Approaching Rule of 40 as we head into 2026 Exceeded Rule of 40 in Q4 and guidance implies sustained achievement |
| Q3'25 | Exceeded | Continue to ramp sales personnel aggressively Scaled from near zero to 100+ field reps, planning further expansion |
| Q3'25 | Pending | Q4 Square gross profit to track roughly in line with GPV Will track in Q4 results |
| Q3'25 | Delivered | Square Q3 gross profit in high single-digit range 9% growth fits high single-digit guidance |
| Q3'25 | Exceeded | Low double-digit Square GPV growth in Q3 and Q4 Delivered 12% in Q3, ahead of low double-digit guidance |
| Q3'25 | Delivered | Continue expanding SFS originations throughout H2 SFS now originates majority of Borrow loans, expanded to new states |
| Q3'25 | Exceeded | Expect to deliver strongest NVA performance ever in 2025 Sales-driven NVA up 28% YTD, expecting 40%+ in Q4 |
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