Earnings Releases·Nov 3, 2026, 4:12 PM ET

Block — Q3 2026 Earnings Summary

Total gross profit reached $3.24 billion (+22% YoY), with adjusted operating income surging 92% YoY to $923 million and adjusted diluted EPS rising 109% YoY to $1.13.
Raised full-year 2026 guidance to $12.626 billion in gross profit and $4.15 in adjusted diluted EPS; provided Q4 2026 guidance of $3.315 billion gross profit and $1.15 adjusted diluted EPS.
Strategic pivot to AI and intelligence highlighted by launches of Builderlab, Buzz, and Dessa, alongside significant product expansion in Square (Kiosk, Squaremates) and Cash App (en Español, Earn in P2P).
Bitcoin Ecosystem gross profit declined 50% YoY to $52 million due to strategic fee reductions, while Cash App actives hit 60 million and Square GPV grew 14% YoY to $76.4 billion.
Transaction, loan, and consumer receivable losses increased 66% YoY on a GAAP basis, and G&A expenses rose 56% YoY primarily due to accrued legal contingencies.