Q2 26 EPS Adjusted
$1.02
BEAT +16.72%
Est. $0.87
Q2 26 Revenue
$6.62B
BEAT +2.18%
Est. $6.48B
vs S&P Since Q2 26
-7.0%
TRAILING MARKET
XYZ -6.6% vs S&P +0.4%
Market Reaction
Did XYZ Beat Earnings? Q2 2026 Results
Block, Inc. Delivered a strong second quarter for fiscal 2026, posting adjusted EPS of $1.02 against a consensus estimate of $0.87, a beat of 16.70%, while revenue of $6.62 billion topped the $6.48 billion estimate by 2.18% and grew 9.3% year over ye… Read more Block, Inc. Delivered a strong second quarter for fiscal 2026, posting adjusted EPS of $1.02 against a consensus estimate of $0.87, a beat of 16.70%, while revenue of $6.62 billion topped the $6.48 billion estimate by 2.18% and grew 9.3% year over year. The standout driver behind the results was gross profit of $3.17 billion, up 25% year over year, with Cash App leading the charge at 31% gross profit growth as Consumer Lending originations surged 59% to $18.90 billion and Primary Banking Actives climbed 17% to 9.4 million. Square also contributed meaningfully, with U.S. GPV growth accelerating to 10%, its strongest pace in three years, and total Square GPV reaching $72.80 billion. Adjusted Operating Income reached $864 million, representing a 27% margin and growing 57% year over year. Looking ahead, Block raised its full-year 2026 guidance, now targeting gross profit of $12.51 billion, up 21% year over year, and Adjusted Operating Income of $3.47 billion at a 28% margin, reflecting management's confidence in the durability of its dual-ecosystem growth.
Key Takeaways
- • Cash App gross profit growth of 31% YoY driven by Commerce Enablement and Financial Solutions
- • Square U.S. GPV growth accelerated to 10%, strongest since Q2 2023
- • Consumer Lending origination volume grew 59% YoY to $18.9B driven by Cash App Borrow
- • Commerce Enablement monetization rate increased 12 basis points YoY to 1.65%
- • Primary Banking Actives grew 17% YoY to 9.4 million
- • New Volume Added growth from self-onboarded sellers grew at fastest pace since Q2 2021
- • Food and beverage GPV up 20% YoY
- • Disciplined cost management with product development expenses down 16% YoY on GAAP basis
XYZ Forward Guidance & Outlook
Block raised full-year 2026 guidance: gross profit of $12.51 billion (up 21% YoY), Adjusted Operating Income of $3.47 billion (28% margin, up 67% YoY), and Adjusted Diluted EPS of $4.02 (up 70% YoY). For Q3 2026, the company guided gross profit of $3.13 billion (18% YoY growth), Adjusted Operating Income of $875 million (28% margin), and Adjusted Diluted EPS of $1.02 (89% YoY growth). Square gross profit is expected to grow roughly in line with Square GPV in the second half. Transaction, loan, and consumer receivable loss growth is expected to moderate through the remainder of 2026.
XYZ YoY Financials
Q2 2026 vs Q2 2025, source: SEC Filings
XYZ Revenue by Segment
With YoY comparisons, source: SEC Filings
XYZ Earnings Trends
XYZ vs Market 30 Day Price Reactions
30-day stock return vs benchmark after each earnings
XYZ EPS Trend
Earnings per share: estimate vs actual
XYZ Revenue Trend
Quarterly revenue: estimate vs actual
XYZ Quarterly Results
6 quarters of earnings data
| Quarter | EPS Est. | EPS Act. | Surprise | Revenue | Rev. Surprise |
|---|---|---|---|---|---|
| Q2 26 BEAT | $0.87 | $1.02 | +16.72% | $6.62B | +2.18% |
| Q1 26 BEAT | $0.68 | $0.85 | +25.74% | $6.06B | +0.47% |
| Q4 25 BEAT FY | $0.65 | $0.65 | +0.15% | $6.25B | +0.52% |
| FY Full Year | $2.39 | $2.37 | -0.69% | $24.19B | -0.37% |
| Q3 25 MISS | $0.66 | $0.54 | -18.18% | $6.11B | -3.12% |
| Q2 25 MISS | $0.68 | $0.62 | -8.78% | $6.05B | -3.79% |
| Q1 25 MISS | $0.94 | $0.56 | -40.68% | $5.77B | -6.63% |