Block

Block, Inc. (Block) has two main ecosystems. Square gives sellers payment processing, point-of-sale hardware and software, loans and banking services. Cash App lets people send and receive money, use a debit card, buy bitcoin and stocks, and borrow through Cash App Borrow and Afterpay buy now, pay later loans. Cash App had 60 million monthly transacting actives in September 2026.

In Q3 2026, gross profit was $3,235 million: $2.07 billion from Cash App and $1.16 billion from Square. Block also builds AI tools, such as goose and Buzz, and it plans to sell them to other companies through Builderlab. Square Financial Services, Inc., Block's industrial bank, and partner banks offer the banking products. The Class A shares trade on the New York Stock Exchange.

The Class B shares have different voting rights. Jack Dorsey leads the company as Block Head.

Investors value Block on its fast growth in gross profit and profit after its restructuring in 2026. Block cut its workforce by more than 40% from February 2026, and it uses AI tools across the company. In Q3 2026, gross profit grew 22%, Adjusted Operating Income grew 92% to $923 million and Adjusted Diluted EPS grew 109% to $1.13.

Block expects Adjusted Operating Income to grow 30% to $4.575 billion in 2027. For the shares to earn more, three things must be true. Cash App must keep growing actives and gross profit while its lending grows.

Losses on Cash App Borrow and Afterpay loans must stay low, also in a weaker economy. And Square must keep winning sellers from older systems, with GPV growth near the 14% of Q3 2026. The Q4 2026 results and the 2027 guidance on February 24, 2027 are the next test.

1. Nov 3, 2026Passed

   Q3 2026 results: profit growthGross profit growth near 20% and a raised 2026 profit outlook pass; a lower outlook fails.Outcome: Gross profit grew 22%, Adjusted Operating Income grew 92%, and Block raised its 2026 guidance to Adjusted Diluted EPS of $4.15.
2. Feb 24, 2027Pending

   Q4 2026 results and the 2027 guidance2027 guidance for gross profit growth of at least 15% and Adjusted Operating Income near $4.575 billion passes; a lower outlook fails.
3. May 2027 · est.Pending

   Q1 2027 results: Cash App lending lossesStable loss rates on Cash App Borrow while limits rise pass; rising loss rates fail.

Every passed and failed checkpoint across all picks

• November 3, 2026Block reported Q3 2026 results. Gross profit rose 22% to $3,235 million, Adjusted Operating Income rose 92% to $923 million, and Adjusted Diluted EPS rose 109% to $1.13. GAAP diluted EPS was $0.92. Block raised its 2026 guidance to gross profit of $12.626 billion and Adjusted Diluted EPS of $4.15. For 2027, it expects gross profit growth of at least 15% and Adjusted Operating Income of $4.575 billion.
• August 5, 2026Block reported Q2 2026 results. Gross profit rose 25% to $3,166 million, and Adjusted Diluted EPS was $1.02.
• June 5, 2026Arnaud Weber, the Engineering Lead, left Block. The engineering organization now reports to Jack Dorsey.

Last earnings

November 3, 2026 (8-K on sec.gov)

Next earnings

February 24, 2027, as the company confirmed.

• 10-QQuarterly report for the period ended Sep 30, 2026Filed November 3, 2026 · xyz-20260930
• 8-KEarnings releaseFiled November 3, 2026 · Press release and exhibits
• 8-KChange to shareholder rights or bylawsFiled November 2, 2026 · Read it on sec.gov
• 10-QQuarterly report for the period ended Jun 30, 2026Filed August 5, 2026 · xyz-20260630
• 8-KEarnings releaseFiled August 5, 2026 · Press release and exhibits
• 8-KShareholder vote resultsFiled June 18, 2026 · Read it on sec.gov
• 8-KChange of directors or officersFiled June 5, 2026 · Read it on sec.gov
• 10-QQuarterly report for the period ended Mar 31, 2026Filed May 7, 2026 · xyz-20260331
• 8-KEarnings releaseFiled May 7, 2026 · Press release and exhibits
• 8-KChange of directors or officersFiled May 4, 2026 · Read it on sec.gov

Every filing on SEC EDGAR (CIK 1512673)

• Block lends to many consumers through Cash App Borrow and Afterpay. Consumer lending origination volume grew 40% to $19.0 billion in Q3 2026. Higher losses in a recession can lower gross profit.
• Banking, lending and payments rules apply to Cash App and Square. New rules or actions by regulators can limit products or bring fines.
• Payments and point-of-sale markets are very competitive. Competitors can lower prices or add similar software and AI features.
• Block cut its workforce by more than 40% in 2026, and AI agents now review and merge some routine code changes. Errors or slower product work can hurt growth.
• Bitcoin prices and trading volumes change fast. Bitcoin Ecosystem gross profit fell 50% in Q3 2026, after Block lowered a fee on some bitcoin transactions.
• New products, such as Builderlab and Neighborhoods, add costs in 2027, and they may not earn much revenue.

Block funds itself with cash, senior notes, convertible notes and warehouse facilities for its consumer loans. At September 30, 2026, cash and cash equivalents were $7,859.3 million, and cash, cash equivalents, restricted cash and investments in marketable debt securities were $9.2 billion. Read more

Block does not pay a dividend.

Source: company filings and market data, read on November 10, 2026.