Block reports 22% gross profit growth and raises 2026 guidance

Block reported third-quarter 2026 results on November 3 for the period ended September 30, with gross profit up 22% year over year to $3.24 billion, GAAP diluted EPS of $0.92 and adjusted diluted EPS of $1.13. Cash App gross profit rose 27% to $2.07 billion and Square gross profit increased 14% to $1.16 billion, while Cash App reached 60 million monthly transacting actives and Square GPV rose 14% to $76.4 billion. Block raised its 2026 outlook to $12.626 billion of gross profit, $3.519 billion of adjusted operating income and $4.15 of adjusted diluted EPS, and issued preliminary 2027 targets including at least 15% gross profit growth and $4.575 billion of adjusted operating income.