Block earnings beat driven by Cash App and Square strength
Key takeaways
- Block (XYZ) reported adjusted earnings per share of $0.85, above analyst expectations of $0.68.
- Gross profit increased 27% year over year to $2.91 billion, exceeding internal guidance and reflecting accelerating growth across both Cash App and Square.
- Adjusted operating income rose to $728 million, while adjusted EBITDA reached a record $1 billion.
Block earnings beat driven by Cash App and Square strength Proactive Fri, May 8, 2026 at 10:34 PM GMT+7 2 min read XYZ SQ Block earnings beat driven by Cash App and Square strength Proactive uses images sourced from Shutterstock Block Inc (NYSE:SQ) shares rose about 6.5% after it reported stronger-than-expected first-quarter 2026 earnings, highlighted by solid profit growth and improved margins, despite a slight revenue miss.
Block (XYZ) reported adjusted earnings per share of $0.85, above analyst expectations of $0.68. Revenue came in at $6.06 billion, slightly below consensus estimates of $6.12 billion.
Gross profit increased 27% year over year to $2.91 billion, exceeding internal guidance and reflecting accelerating growth across both Cash App and Square.