capital · May 18, 2026
Block Reports Q1 2026 Gross Profit of $2.91 Billion Up 27% Year Over Year
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Block reported Q1 2026 gross profit of $2.91 billion, up 27% from the prior year. Cash App gross profit grew 38% year over year while Square contributed to broad-based ecosystem growth. The company raised full-year 2026 adjusted EPS guidance to $3.85 from $3.66, targeting 62% year-over-year growth. Block projected 2026 gross profit of $12.33 billion, or 19% growth over 2025. Jack Dorsey stated a significantly smaller team using the tools the company is building can do more and do it better.
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