people · May 20, 2026
Block Q1 2026 Gross Profit Rises 27 Percent to $2.91 Billion
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Block Inc achieved gross profit of $2.91 billion in Q1 2026. Cash App gross profit reached $1.908 billion with 38 percent year-over-year growth. Square gross profit increased 9 percent year-over-year to $982 million. Lending products from Cash App and Square drove the profit increase. Block Inc updated 2026 guidance upward after the earnings release.
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