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StocksMediumUpdated•Originally published 4 November 2026•Updated 4 November 2026•
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Block Stock Rises as Cash App Growth and Raised Guidance Offset Bitcoin Slump

Key Facts

1Block stock rose after hours as Cash App gross profit grew by 27%.
2The company's Bitcoin gross profit fell 50% following a fee cut.
3The company raised its full-year gross profit outlook to $12.63 billion.

Block stock rose in after-hours trading following a 27% increase in Cash App's gross profit. Blockonomi reported that the company raised its full-year gross profit guidance to $12.63 billion, signaling confidence in its core business segments despite volatility in crypto-related earnings.

The company's Bitcoin ecosystem gross profit fell 50% to $52 million following a strategic fee cut. However, total gross profit grew 22% to $3.24 billion, supported by a 26% jump in international payment volume and a 32% increase in gross profit from financial solutions tied to consumer lending.

Latest Updates · 1

  1. Notable·

    Update: Block credited its positive outlook and profit growth to the success of its artificial intelligence investments. The company noted that these AI initiatives have contributed to operational efficiency and supported its recently announced financial performance.