---
schema_version: "secwatch.filing_event.v1"
accession: "0001193125-26-212032"
form_type: "8-K"
ticker: "XYZ"
cik: "0001512673"
company_name: "Block, Inc."
filed_at: "2026-05-07T23:59:59+00:00"
generated_at: "2026-05-14T21:37:03.872027+00:00"
event_type: "earnings"
sentiment: "positive"
materiality_score: 0.85
calibrated_materiality_score: 0.85
confidence: "high"
source: SEC EDGAR
---

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

## Summary
- 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.

## SEC filing metadata
- accession: 0001193125-26-212032
- form_type: 8-K
- ticker: XYZ
- cik: 0001512673
- company_name: Block, Inc.
- filed_at: 2026-05-07T23:59:59+00:00
- event_type: earnings
- sentiment: positive
- materiality_score: 0.85
- calibrated_materiality_score: 0.85
- confidence: high
- sec_items: 2.02, 9.01
- EDGAR index: https://www.sec.gov/Archives/edgar/data/1512673/000119312526212032/0001193125-26-212032-index.htm
- EDGAR primary document: https://www.sec.gov/Archives/edgar/data/1512673/000119312526212032/d132441d8k.htm

## Machine-readable alternates
- HTML: https://secwatch.observer/filing/0001193125-26-212032
- JSON: https://secwatch.observer/filing/0001193125-26-212032.json
- Plain text: https://secwatch.observer/filing/0001193125-26-212032.txt

## Source-grounded claims
- claim_id: e7bedb9a3a40eeb400652df88215e832e1487ef9
  claim: Block, Inc. reported first quarter ended March 31, 2026 results: EPS $ (0.52). Guidance raised.
  evidence_excerpt: 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.
  evidence_url: https://www.sec.gov/Archives/edgar/data/1512673/000119312526212032/0001193125-26-212032-index.htm

This AI-assisted summary is a reading aid. Review the linked SEC EDGAR filing before relying on any specific claim.