Block (XYZ) Q1 2026

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Earnings

Block, Inc. Posted a strong first quarter of fiscal 2026, reporting adjusted diluted EPS of $0.85 on total net revenue of $6.06 billion, as the company's adjusted operating income climbed 56% year over year to $728 million at a 25% margin. The headli… Read more Block, Inc. Posted a strong first quarter of fiscal 2026, reporting adjusted diluted EPS of $0.85 on total net revenue of $6.06 billion, as the company's adjusted operating income climbed 56% year over year to $728 million at a 25% margin. The headline driver was Cash App, where gross profit grew 38% to $1.91 billion, fueled by an explosive 82% surge in Consumer Lending origination volume to $17.60 billion and nearly triple growth in Cash App Borrow originations. GAAP results were weighed down by $852 million in restructuring and legal charges tied to a February reorganization, resulting in a net loss of $309 million, though the adjusted picture told a markedly different story. Square also contributed, with gross profit rising 9% to $982 million and GPV accelerating to 13% growth at $61.20 billion. Looking ahead, Block raised its full-year 2026 guidance, now targeting $12.33 billion in gross profit, $3.34 billion in adjusted operating income, and adjusted diluted EPS of $3.85, reflecting 62% growth year over year.