Block Shares Surge After Q3 Results Beat Expectations
Key Facts
Block reported adjusted earnings per share of $1.13 on revenue of $6.72 billion for the third quarter of 2026. Investing.com reported that the company raised its full-year adjusted EPS guidance to $4.15.
The company's performance was bolstered by a 22% jump in Cash App gross profit. These financial results exceeded previous analyst estimates, supporting the upward trajectory of the stock following the release of the fiscal report.
Latest Updates · 3
- Notable·
Update: Additional details revealed that Block recorded a $229.7 million gain on its Bitcoin holdings during the third quarter. This figure is more than four times the $52 million gross profit generated from Bitcoin sales to Cash App users during the same period.
- Notable·
Update: Block's total gross profit reached $3.24 billion for the third quarter of 2026. This overall growth occurred despite a 50% decline in the gross profit of the company's Bitcoin ecosystem.
- Notable·
Update: Block's Australian-listed shares jumped 5.7% on November 4, 2026. This price movement came as a direct response to the strong quarterly results reported by the company.