$XYZ · Block, Inc.
Block reported Q3 FY2026 results via 8-K, with total net revenue of $6.719B (+9.9% YoY), gross profit of $3.24B (+22% YoY), and GAAP diluted EPS of $0.92 (+24% YoY). Adjusted operating income hit $923M (+92% YoY) and adjusted diluted EPS reached $1.13 (+109% YoY). The company raised full-year guidance across gross profit, adjusted operating income, and adjusted EPS.
- Total net revenue of $6.719B, up 9.9% YoY from $6.115B in Q3 2025.
- Gross profit of $3.24B, +22% YoY, with Cash App gross profit +27% and Square gross profit +14%.
- Adjusted operating income of $923M (29% margin), +92% YoY from $480M.
- Adjusted diluted EPS of $1.13, +109% YoY; GAAP diluted EPS of $0.92, +24% YoY.
- Square GPV of $78.2B, +13% YoY — fastest growth since Q1 2023.
Extended-hours trading at $82.00, +7.94% vs the $75.97 regular close, reflecting strong positive reaction to the broad beat and guidance raise across gross profit, adjusted operating income, and adjusted EPS.
Block delivered its strongest operational quarter in years — 22% gross profit growth, 92% adjusted OI growth, guidance raised — while unveiling a new AI revenue stream via Builderlab that could reshape its long-term narrative beyond payments.
Block's 22% gross profit growth and 92% adjusted operating income surge outpace most fintech peers, with Cash App now at 60M monthly transacting actives. The Builderlab/Buzz monetization push into enterprise AI tools marks a new revenue vector distinct from traditional payments and banking competitors.
Bitcoin ecosystem revenue declined 10.7% YoY to $1.804B, and bitcoin remeasurement gains can swing income materially — Q3 saw a $230M gain vs a $60M gain in Q3 2025. Transaction, loan, and consumer receivable losses surged 66% YoY to $602M, reflecting growing credit exposure in the financial solutions segment.