Block 3Q 2026: Revenue $6.72B, Net income $565.55M, EPS $0.92— 10-Q Summary

What happened

Block reported third-quarter 2026 revenue of $6.72 billion, net income of $565.55 million and diluted earnings per share of $0.92, up 9.9%, 22.5% and 24.3% respectively from the prior-year quarter. Gross profit rose 22% to $3.2 billion.

Confirmed

Global impact / market context

Profit grew faster than revenue, which means Block kept more of each dollar after costs. Cash App gross profit rose 27% and Square rose 14%, so the two main businesses drove results. Workforce cuts above 40% are expected to save $800 million to $900 million a year.

Analyst inference

Revenue excluding bitcoin rose 20%, far faster than total revenue, so bitcoin sales likely pulled the headline growth rate down. Financial solutions gross profit grew 31%, showing lending and card products expanding quickly, while commerce enablement rose 16% on Square seller tools.

Analyst inference

What to watch

1. Block expects $800 million to $900 million in annualized net savings from the workforce reduction of more than 40%, which concluded in the second quarter, and continues to pursue efficiency efforts. Confirmed
2. Watch whether Block gives more detail on the timing and one-time costs of the workforce reduction, and whether the expected annual savings of $800 million to $900 million are restated or confirmed again. Proposed
3. Watch Borrow and Afterpay Post-Purchase, which drove Cash App gross profit; slower growth there would pressure profit per sale, since Borrow revenue alone rose $194 million this quarter. Analyst inference

Affected assets

• BTC — Bitcoin

Evidence

• Original source link unavailable