capital · May 21, 2026
Block Inc. Reports Q1 2026 Revenue of $6.06 Billion and Raises 2026 Guidance
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Block Inc. reported Q1 2026 revenue of $6.06 billion on May 7, 2026, beating consensus estimates by $38.86 million. The company posted non-GAAP EPS of $0.85, exceeding estimates by $0.17, with Cash App and Square driving double-digit growth in revenue and gross profit. Block continued investments in Bitcoin products and international expansion while highlighting higher-margin services in both segments. Analyst Canaccord Genuity maintained a Buy rating and raised its price target to 85 on May 18, 2026.
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