• Strong financial performance in Q1 2026 with AI driving increased velocity and quality
• Raising full year outlook for 2026 with 19% gross profit growth, margin expansion, and 62% Adjusted Diluted EPS growth
• AI tools like Builderbot and proactive intelligence products Moneybot and Managerbot driving internal and external impact

Block, Inc. reported strong financial results for the first quarter of 2026, exceeding guidance across key metrics like gross profit, Adjusted Operating Income, and Adjusted Diluted EPS. The company is raising its full year outlook, now expecting 19% gross profit growth in 2026 along with margin expansion and 62% Adjusted Diluted EPS growth. The letter highlights how AI is becoming central to how Block operates and what it builds for customers. The company has been deliberate in its AI strategy, developing tools like Builderbot that are driving significant improvements in engineering velocity and quality. Builderbot is now executing over 200,000 operations per day and making 15% of production code changes autonomously.This AI infrastructure is enabling the development of proactive intelligence products like Moneybot and Managerbot, which are being embedded into the core Cash App and Square experiences. These products are designed to be 'protectors' that proactively identify risks and opportunities for customers, versus just being assistants. Early usage shows customers value when these products take action, with significantly higher return rates compared to open-ended chat.Block believes its remote-first model and permissioned financial context across both sides of commerce give it unique advantages in building these types of proactive AI products. The company is focused on designing tools that absorb complexity for people rather than just helping them manage it, a shift it believes few competitors are ready to deliver.

Block is raising its full year 2026 outlook, now expecting 19% gross profit growth, margin expansion, and 62% Adjusted Diluted EPS growth.