Block’s earnings exceed expectations and it raises its growth outlook
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On November 4, 2026, Cryptopolitan reported that Jack Dorsey’s Block released earnings that exceeded its previous guidance from management. Its share price rose more than 8.1% after hours, at one point gaining nearly 9%. The company’s total gross profit increased 22% year over year, adjusted earnings per share were $1.13, and its adjusted operating margin was 29%. By business segment, Cash App gross profit increased 27%, Square gross profit increased 14%, and Bitcoin Ecosystem gross profit declined 50%. Block expects gross profit to grow 22% in 2026 and adjusted operating profit to grow 69%; the above two figures are company forecasts, not achieved results.
AI-written from reports · updated 2 hours ago
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- CryptopolitanJack Dorsey’s Block rises nearly 9% after earnings beat expectations, with Cash App gross profit up 27%
Block’s earnings exceeded management’s guidance, and its shares rose more than 8.1% after hours. Cash App gross profit grew 27%. The company’s total gross profit increased 22% year over year, adjusted EPS was $1.13, and its adjusted operating margin reached 29%; Square gross profit grew 14%, while Bitcoin Ecosystem gross profit fell 50%. Block expects gross profit to grow 22% and adjusted operating profit to grow 69% in 2026; these are forecasts, not reported results.
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