Quarterly ResultAug 5, 2026, 04:21 PM
Block Q2 Gross Profit +25% to $3.17B; Raises Full-Year Guidance
AI Summary
Block, Inc. announced strong second quarter 2026 financial results, with gross profit increasing 25% year-over-year to $3.17 billion and Adjusted Diluted EPS growing 65% to $1.02. Both Cash App and Square segments contributed to this growth, with Cash App Gross Profit up 31% and Square Gross Profit up 13%. The company also raised its full-year 2026 guidance, expecting gross profit of $12.51 billion and Adjusted Diluted EPS of $4.02. Key product launches included Cash App Tags, Cash App Mobile, and stablecoins on Cash App, alongside continued expansion of lending products and AI integration.
Key Highlights
- Q2 2026 Gross Profit increased 25% year-over-year to $3.17 billion.
- Adjusted Operating Income reached a record $864 million, with a 27% margin.
- Adjusted Diluted EPS grew 65% year-over-year to $1.02.
- Full-year 2026 Gross Profit guidance raised to $12.51 billion, up 21% year-over-year.
- Full-year 2026 Adjusted Diluted EPS guidance raised to $4.02, up 70% year-over-year.
- Cash App Gross Profit grew 31% year-over-year to $1.97 billion.
- Square Gross Profit grew 13% year-over-year to $1.16 billion.
- Repurchased 11.6 million shares for $701 million year-to-date, with $4.6 billion remaining authorization.
Price Impact
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