Block earnings lift the yearly profit outlook as Cash App and Square grow
Earnings results
- EPS comparison not verified
Actual: $1.13 (adjusted)
- Revenue comparison not verified
Actual: $6.71936 (reported, billions)
- Guidance
Raised 2026 adjusted profit-per-share outlook to $4.15 and gross-profit outlook to $12.626 billion.
Earnings and the stock move
Block released its Q3 2026 earnings after close on November 3, reporting 22% gross-profit growth and raising its full-year adjusted earnings outlook to $4.15 per share. The November 4 pre-market rise follows those results. Growing Cash App and Square profits support the outlook, while credit losses and a proposed Justice Department resolution remain important risks.
Q3 2026 earnings recap
Block earnings showed faster profit growth and a higher yearly outlook. XYZ rose about 8.4% before open on November 4 compared with the previous close.
- Gross profit, revenue left after direct costs, grew 22% to $3.24 billion. It is useful for Block because bitcoin sales can add large revenue with relatively little profit.
- Cash App gross profit rose 27% to $2.07 billion, while Square grew 14% to $1.16 billion. Payments and financial tools both contributed to growth.
- Adjusted earnings per share, or profit per share excluding certain items, reached $1.13. Standard-accounting profit per share was $0.92, keeping the two measures distinct.
- Block raised its 2026 outlook to $4.15 in adjusted profit per share and $12.63 billion in gross profit. Investors will look for continued spending discipline alongside customer growth.
- Transaction and lending-related losses rose 66% as loan volumes and the mix of products changed. Faster lending growth needs careful credit management.
- Block accrued $764 million for a proposed Justice Department resolution. It remains an agreement in principle, subject to final terms and court approval.
Watch credit losses, the December-quarter outlook and the proposed settlement next. The pre-market jump is separate from the completed November 3 chart and could still reverse.
Financials and technicals
Charts through Nov 3, 2026. The session move above may reflect later news.
Technical setup and risks
November 3 closed at $76 in the completed daily chart, below the 20-day and 50-day averages. Approximate support at $73.8–75.30 reflects October 26–28 and November 3 lows; resistance at $79.3–81.20 reflects October 15–22 and November 2 highs. Sustained trading above resistance would strengthen the recovery; loss of support would weaken it.
AI-assisted research with source and calculation checks. Prices may be delayed. Technical charts use the stated completed session, which can precede the quoted intraday move. Educational information; investing involves risk.