Block Q1 FY26 adjusted diluted EPS rises 52% to $0.85; revenue falls to $6.06 billion

Block, Inc. Class A

Block, Inc. Class A

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  • Block posted a Q1 2026 net loss attributable to common stockholders of USD 309 million, or USD 0.52 per share, swinging from profit a year earlier as revenue rose to USD 6.06 billion from USD 5.77 billion.
  • Gross profit climbed 27% to USD 2.91 billion, with Cash App gross profit up 38% to USD 1.91 billion while Square rose 9% to USD 982 million.
  • Operating results swung to an operating loss of USD 172 million from operating income a year earlier, reflecting USD 852 million in restructuring and other charges tied to a February organizational change and accrued legal contingencies.
  • Cash App primary banking actives increased 18% to 9.7 million, with commerce enablement volume up 18% to USD 55 billion while consumer lending origination volume jumped 82% to USD 17.6 billion.
  • Full-year gross profit outlook was raised to USD 12.33 billion for 19% growth, with adjusted diluted EPS seen at USD 3.85; Q2 gross profit forecast calls for USD 3.04 billion, up 20% year over year.


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