May. 9 at 1:05 AM
Block Inc. reported strong Q1 2026 results, beating expectations and raising full-year guidance across key metrics. The company posted earnings of
$0.85 per share, above the
$0.68 consensus, a 25% beat.
CEO Jack Dorsey highlighted AI as increasingly central to operations and product development, noting outperformance in gross profit, adjusted operating income, and adjusted EPS.
Cash App gross profit rose 38% YoY to
$1.91B, driven by Cash App Borrow and commerce products, while consumer loan originations surged 82% YoY to
$17.6B. Core banking active users reached 9.7M (+18% YoY). Square gross profit increased 9% to $ 982M.
Adjusted operating income rose 56% YoY to
$728M, reaching a record 25% margin, while adjusted diluted EPS increased 52% to
$0.85.
Guidance was raised, with Block now expecting 19% gross profit growth in 2026, margin expansion, and 62% growth in adjusted EPS.
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