Block, Inc.

Block, Inc. reported a net loss of $(220.2) million for the first half of 2026, a significant decline from a net income of $728.3 million in the prior year. For the second quarter, net income attributable to common stockholders fell 83.6% to $88.5 million, despite total net revenue increasing 9.3% to $6.62 billion. This decline was primarily driven by a remeasurement loss on bitcoin investment and a near doubling of transaction, loan, and consumer receivable losses.

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.

Block, Inc. announced the departure of Arnaud Weber, its Engineering Lead, effective June 5, 2026. Following Mr. Weber's departure, the engineering organization will report directly to Jack Dorsey, the company's Block Head.

Block reported a net loss of $(308.7) million for Q1 2026, a significant decline from a net income of $189.9 million in Q1 2025, with diluted EPS falling to $(0.52). Total net revenue increased by 4.9% to $6.06 billion, driven by strong growth in Commerce enablement and Financial solutions revenue, despite a decrease in Bitcoin ecosystem revenue. The company also saw a substantial increase in transaction, loan, and consumer receivable losses.

Block, Inc. reported strong first-quarter 2026 financial results, with gross profit increasing 27% year-over-year to $2.91 billion and Adjusted Diluted EPS growing 52% to $0.85. The company exceeded its guidance and subsequently raised its full-year 2026 outlook, now expecting 19% gross profit growth and 62% Adjusted Diluted EPS growth. Key drivers included robust performance in Cash App, particularly in consumer lending and commerce enablement, and continued expansion of Square's GPV. Block also highlighted significant progress in AI integration across its operations and customer products, alongside the scaling of its Neighborhoods loyalty program and the launch of Cash App managed accounts for kids.

Block, Inc. announced the appointment of Andrea Acosta as its Chief Accounting Officer, effective May 26, 2026. Ms. Acosta will take over from Amrita Ahuja, who served as interim principal accounting officer and will continue as CFO and COO. Ms. Acosta brings extensive experience from Pinterest, BioMarin Pharmaceutical, and Levi Strauss & Co. Her compensation package includes an annual base salary of $550,000, a $250,000 sign-on bonus, and an $8.0 million restricted stock unit award.

Block, Inc. announced its 2026 Annual Meeting of Stockholders will be held virtually on Tuesday, June 16, 2026, at 12:00 p.m. U.S. Pacific Time. The record date for voting is April 20, 2026. Key proposals include the election of four Class II directors, an advisory vote on executive compensation, and the ratification of Ernst & Young LLP as the independent auditor. Stockholders will also vote on a proposal to establish a board-level technology committee, which the Board recommends against.

Block, Inc. announced its 2026 Annual Meeting of Stockholders will be held virtually on June 16, 2026, at 12:00 p.m. U.S. Pacific Time. Stockholders will vote on the election of four Class II directors, an advisory resolution on executive compensation, and the ratification of Ernst & Young LLP as the independent auditor. A stockholder proposal for a board-level technology committee will also be voted on, which the Board recommends against.