| Metric | Value ($ M) | Q1 FY25 |
|---|---|---|
| Revenue | 6.1K | 4.9% |
| Total Income | 6.1K | 4.9% |
| Expenditure | 3.1K | 57.2% |
| PBT | -392.58 | 272.9% |
| Net Profit | -308.68 | 262.6% |
| OPM | -2.84% | 8.54pp |
| NPM | -5.10% | 8.39pp |
| EPS | -0.52 | 267.7% |
Block, Inc. Reports Q1 2026 Gross Profit $2.91B, Up 27% YoY
08 May 2026 · 8 May, 2:03 am
Summary
Block, Inc. reported strong financial performance for Q1 2026, with gross profit reaching $2.91 billion, a 27% year-over-year increase. Cash App's gross profit grew by 38% to $1.91 billion, while Square's gross profit increased by 9% to $982 million. The company's Adjusted Operating Income was $728 million, representing a 25% margin. Block is raising its full-year outlook, projecting gross profit growth of 19% and Adjusted Diluted EPS growth of 62%.
Key Highlights
- 1
Block's gross profit for Q1 2026 was $2.91 billion, representing a 27% year-over-year growth.
- 2
Cash App gross profit increased by 38% year-over-year to $1.91 billion in Q1 2026.
- 3
Square gross profit grew by 9% year-over-year to $982 million in Q1 2026.
- 4
Adjusted Operating Income reached $728 million with a 25% margin for Q1 2026.
- 5
Adjusted Diluted EPS for Q1 2026 was $0.85.
- 6
The company is raising its full-year guidance and now expects gross profit growth of 19% in 2026.
- 7
The company expects Adjusted Diluted EPS growth of 62% for the full year 2026.
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