Block, Inc. - Form 8-K (Q2 '26 Earnings)

• Gross profit grew 25% year-over-year to $3.17 billion
• Cash App gross profit increased 31% year-over-year to $1.97 billion
• Square gross profit rose 13% year-over-year to $1.16 billion
• Operating income was $447 million with a 14% margin
• Adjusted operating income reached $864 million with a 27% margin

Block, Inc. announced its Q2 2026 financial results, highlighting a 25% year-over-year growth in gross profit to $3.17 billion. Cash App gross profit increased by 31% to $1.97 billion, while Square gross profit grew 13% to $1.16 billion. The company reported operating income of $447 million with a 14% margin and adjusted operating income of $864 million with a 27% margin. The company raised its full-year guidance and discussed its strategy around AI and hardware capabilities as key growth drivers. Square's U.S. GPV growth accelerated to 10%, and Cash App's Primary Banking Actives grew 17% year-over-year. The company also expanded its Neighborhoods loyalty program and introduced new hardware devices for seller enrollment.

Full-year guidance raised; specific financial metrics not provided in the announcement

Block, Inc. expects its AI and hardware capabilities to sustain growth, leveraging its two-sided network and proprietary data to differentiate in the market.