Considering 1) smaller merchants comprise the bulk of the payment processing base and 2) inflation continued to impact consumer spending, the numbers were actually quite impressive. #2 - Secular Tailwinds Remain Intact Wall Street's financial projections for the next four quarters imply consistent sequential and year-over-year EPS growth. Bottom line: improving fundamentals, long-term tailwinds and a cheap valuation make Block worth a swipe at current levels.