StocksMedium•4 November 2026•
1 min read
Block Shares Surge on Q3 Earnings Beat and Raised Full-Year Guidance
Key Facts
1Block reported adjusted earnings of $1.13 per share for the third quarter, beating analyst estimates of $1.02 to $1.04.
2The Jack Dorsey-led company raised its full-year gross profit outlook to $12.63 billion.
3Cash App gross profit grew by 27%, helping offset a 50% slump in Bitcoin gross profit following a fee cut.
Block reported adjusted earnings of $1.13 per share for the third quarter, exceeding analyst estimates of $1.02 to $1.04. Invezz reported that the Jack Dorsey-led company raised its full-year gross profit outlook to $12.63 billion following the results.
Cash App gross profit grew by 27%, which helped offset a 50% slump in Bitcoin gross profit following a fee cut. Shares of SQ showed upward momentum on November 4, 2026, as the market reacted to the earnings beat and the upward revision of guidance.