Block (XYZ) Earnings: Q3 2026 Results

The quarter ended September 30, 2026 and Block published the results on November 3, 2026. Revenue and diluted EPS are shown against Q3 2025, the same quarter a year earlier, which takes seasonal swings out of the comparison. Block reports EPS two ways: GAAP, under the accounting rules every US filer follows, and Adjusted Diluted EPS, which leaves out items the company considers outside its operating results. The release reconciles the two, and when they diverge, the reconciliation says why.

• Block reports in thousands; figures here are converted to millions. Block's main growth measure is gross profit, not revenue, because bitcoin sales on Cash App are booked as revenue at the full sale amount and carry very little gross profit.
• Block trades under the ticker XYZ; earlier filings were made under the ticker SQ.

Source: Block Q3 2026 shareholder letter, November 3, 2026. Also in the Form 10-Q for the quarter ended September 30, 2026. Figures as reported; checked against the release on November 10, 2026.

How Block splits revenue in its own release, under its own labels, for Q3 2026 against Q3 2025. Indented lines are parts of the line above them.

• Block's Cash App revenue was $4.1 billion in Q3 2026, up 7% from $3.8 billion in Q3 2025, 61% of total revenue.
• Block's Square revenue was $2.6 billion in Q3 2026, up 16% from $2.2 billion in Q3 2025, 39% of total revenue.
• Block's Corporate and Other revenue was $52.0 million in Q3 2026, down 31% from $75.0 million in Q3 2025, under 1% of total revenue.

Segment lines are the figures writers cite most often, because they show where the growth in a quarter came from. Companies redraw their segments from time to time and restate the prior year to match, so a year-ago figure here can differ from the one printed a year ago. When that has happened, the note above says so.

From the earnings release

In its Q3 2026 release, Block said:

“For 2026, we now expect $12.626 billion in gross profit, up 22% year over year, and Adjusted Operating Income of $3.519 billion, or 28% margin, growing 69% year over year.”

“We also expect Adjusted Diluted EPS to grow 75% to $4.15.”

“In 2027, we expect momentum to continue, with Block gross profit expected to grow at least 15% year over year as our investments in AI and our broader focus on velocity drive sustained growth at scale.”

“We expect Adjusted Operating Income to grow 30% year over year to $4.575 billion as we expand margins while still investing meaningfully to sustain long-term growth.”

Source: Block Q3 2026 shareholder letter, Nov 3, 2026.

This is the company's own guidance as of Nov 3, 2026, quoted as given. Walnut does not make forecasts of its own. Analyst estimates for the coming quarters are on the XYZ forecast page.

Revenue and diluted EPS for the last 5 quarters. Each date links to that quarter's release.

GAAP total net revenue and diluted EPS, each as first reported in that quarter's shareholder letter. Q1 2026 included $742.8 million of contingencies, restructuring and other charges.

We do not hold a confirmed date for Block's next report. Companies post the date on their investor relations site a few weeks ahead, usually with the time of the conference call.

Each quarter keeps its own page with the figures as reported, so a link to one stays pointed at the same numbers after the next report.

• Q3 2026 (this page), reported Nov 3, 2026

Block reported total net revenue of $6,719 million in Q3 2026, against $6,115 million a year earlier. Cash App produced $4,074 million of segment revenue and Square $2,594 million. Gross profit, the figure Block leads with, was $3,235 million, up 22%: Cash App $2,070 million (up 27%) and Square $1,157 million (up 14%). (Block Q3 2026 shareholder letter, Nov 3, 2026)

Block splits revenue into three categories. Commerce enablement revenue, mainly Square payments, software and hardware, Cash App Card, Cash App Pay and the BNPL products, was $3,476 million. Financial solutions revenue, which includes Cash App Borrow, Instant Deposit, interest on customer funds and Square Loans, was $1,440 million. Bitcoin ecosystem revenue was $1,804 million. (Block Q3 2026 shareholder letter, Nov 3, 2026)

Bitcoin is a large share of Block's revenue and a small share of its gross profit. Bitcoin ecosystem revenue of $1,804 million produced $52 million of gross profit, down 50%, which Block attributed mainly to a decision to reduce the fee it charges on certain bitcoin transactions on Cash App. Financial Solutions gross profit grew 32% to $1,332 million on Cash App consumer lending. (Block Q3 2026 shareholder letter, Nov 3, 2026)

Block's Square GPV grew 14% to $76.4 billion, with U.S. GPV up 10.4% and International GPV up 26%. International was 23% of total Square GPV. By seller type, food and beverage GPV rose 20%, retail 13% and services 8%. (Block Q3 2026 shareholder letter, Nov 3, 2026)

Block's Cash App had 60 million monthly transacting actives in September. Consumer Lending origination volume, mostly Cash App Borrow and Afterpay Post-Purchase, grew 40% to $19.0 billion, and Commerce Enablement volume grew 14% to $56.9 billion. (Block Q3 2026 shareholder letter, Nov 3, 2026)

Block reported GAAP diluted EPS of $0.92 in Q3 2026, up from $0.74, and Adjusted Diluted EPS of $1.13, up from $0.54. The largest item between them was $435.0 million of contingencies, restructuring and other charges; the 10-Q says general and administrative expenses rose 56%, primarily from $421.1 million of accrued expenses for litigation and regulatory matters. (Block Q3 2026 shareholder letter, Nov 3, 2026; Block Form 10-Q, Q3 2026, Nov 3, 2026)

Block's GAAP result also included a $229.7 million remeasurement gain on its bitcoin investment, which Adjusted Diluted EPS removes, along with amortization of intangible assets, restructuring share-based compensation and the tax effect of these adjustments. Block's adjusted measures are fully burdened by ordinary share-based compensation. (Block Q3 2026 shareholder letter, Nov 3, 2026; Block Form 10-Q, Q3 2026, Nov 3, 2026)

Block's diluted weighted-average shares were 614,778 thousand, against 621,658 thousand a year earlier. Block repurchased 11.6 million Class A shares for $700.9 million in the first nine months of 2026, with $4.6 billion left under its authorization. (Block Q3 2026 shareholder letter, Nov 3, 2026; Block Form 10-Q, Q3 2026, Nov 3, 2026)

Diluted EPS divides net income by the weighted average number of shares outstanding in the quarter, plus the shares that options and other equity awards could add. Buybacks shrink that count and lift EPS for the same profit; share issuance and stock awards enlarge it.

Block gives guidance in its shareholder letter. For Q4 2026 it guided gross profit of $3.315 billion (up 15%), Adjusted Operating Income of $1.005 billion and Adjusted Diluted EPS of $1.15. For full-year 2026 it raised its outlook to $12.626 billion of gross profit, up 22%, Adjusted Operating Income of $3.519 billion and Adjusted Diluted EPS of $4.15, up 75%. (Block Q3 2026 shareholder letter, Nov 3, 2026)

Block also gave a preliminary 2027 outlook: gross profit growth of at least 15% and Adjusted Operating Income up 30% to $4.575 billion. Block does not give GAAP equivalents for its non-GAAP guidance. (Block Q3 2026 shareholder letter, Nov 3, 2026)

A consensus figure is the average of the models published by the analysts who cover Block, collected by a data provider and revised up to the day of the report. A quarter that lands above it says how expectations were set as much as how the business did, and the share price on the day also reflects the guidance and the lines no consensus covers.

The consensus figures on this page are Yahoo Finance's, as pulled on the date shown. Each comes with the number of analysts behind it; the smaller that number, the more one revised estimate can move the average.

The figures below are the ones Block's own release and filings put weight on for Q3 2026, with the latest reported value for each.

What the quarter means for a holding is a separate question from what it reported. The case for and against owning XYZ is on is XYZ a buy or a sell?, what analysts expect next is on the XYZ forecast, and what the company does is on the Block (XYZ) stock page.

Every number on this page can be traced to a document Block published. Checking one takes a couple of minutes, and it is worth doing before you quote a figure anywhere.

• The results release is the document linked in the source line above. Companies publish it on their investor relations site at the moment results go out, and it carries the headline tables: revenue, operating income, net income and EPS for the quarter and the year-ago quarter.
• The same release is filed with the SEC as Exhibit 99.1 to a Form 8-K under Item 2.02, usually on the day of the report. The SEC copy does not change after the fact, which makes it the safer thing to link when you cite a number.
• The quarterly report (Form 10-Q) follows within a few weeks and carries the full financial statements, the segment note and management's discussion of what changed. The fourth quarter is covered by the annual report (Form 10-K) instead.
• Restated comparisons are flagged in the notes on this page. When a company redraws its segments or changes how it adjusts EPS, it restates the year-ago column, so the year-ago figure in a new release can differ from the one printed a year ago. This page always uses the comparison in the newer release, because that is the like-for-like one.

A walk-through of every line in a release, with what each one tells you, is in how to read an earnings report.