Block raises 2026 guidance as Q2 gross profit rises 25% to $3.17 billion
Block reported second-quarter 2026 results, with gross profit of $3.17 billion, up 25% year over year, and Adjusted Diluted EPS of $1.02, up 65%. The company raised its full-year 2026 guidance to $12.51 billion in gross profit and $4.02 in Adjusted Diluted EPS, but GAAP net income fell to $89 million from $538 million a year earlier.
Key points
- Q2 2026 gross profit was $3.17 billion, up 25% year over year; Cash App gross profit rose 31% and Square gross profit rose 13%.
- GAAP net income was $89 million versus $538 million in Q2 2025, and GAAP diluted EPS was $0.15 versus $0.87.
- Adjusted Operating Income was $864 million, and Adjusted Diluted EPS was $1.02, up 65% year over year.
- Full-year 2026 guidance was raised to $12.51 billion in gross profit, $3.47 billion in Adjusted Operating Income and $4.02 in Adjusted Diluted EPS.
The filing
Written by AI (Anthropic Claude, claude-haiku-5-5) on Nov 8, 2026, 1:42 AM ET, from the text of the filing and its press-release exhibits only. Written later: this filing was briefed after the fact, when past filings were added to the site, so the brief may be read with hindsight; the filing itself is the record of what was known on August 05, 2026.
Briefs are written by AI from the filing text (each brief's own page names the model) and can contain mistakes — open the filing before acting on anything. Impact (1-5) and tone are the model's reading of the filing for shareholders, not a price forecast. Not investment advice.