Block beats Q1 guidance, raises FY2026 outlook; GP $2.91B +27% YoY, adj. EPS $0.85

Block, Inc.

2026-Q1 EPS reported -$0.52 revenue$6,056,847,000

Gross profit $2.91B (+27% YoY), Cash App $1.91B (+38%), Square $982M (+9%).
Operating loss $172M; Adjusted Operating Income $728M (25% margin).
GAAP diluted EPS ($0.52); Adjusted diluted EPS $0.85.
Raises FY2026 outlook: gross profit growth 19%, adj. diluted EPS growth 62%.
AI initiatives driving efficiency: production code changes per engineer up 2.5x, incident rates down 70% YoY.

item 2.02 item 9.01

Key facts

Extracted from this filing and checked against the source text.

Earnings Releases SEC 8-K Item 2.02 confidence 0.85

Block, Inc. reported first quarter ended March 31, 2026 results: EPS $ (0.52). Guidance raised.

Period: first quarter ended March 31, 2026
EPS: $ (0.52)
Guidance: raised
Result: reported results

Exact text from the filing

Item 2.02 Results of Operations and Financial Condition. On May 7, 2026, Block, Inc. (the “Company”) issued a Shareholder Letter (the “Letter”) announcing its financial results for the first quarter ended March 31, 2026.

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Source: SEC EDGAR

accession 0001193125-26-212032

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