Block Tops Q3 Estimates, Lifts Full-year Profit Forecast

WHO:

Reuters - Block is led by Jack Dorsey.

Bloomberg Markets - Block Inc. is a payments company behind Square and Cash App.

WHAT:

Reuters - Block reported third-quarter revenue of $6.7 billion, up 10% year over year and above estimates.

Reuters - Cash App gross profit increased 27% to $2.07 billion.

Reuters - Block raised its full-year gross profit outlook after reporting an increase in third-quarter earnings.

Reuters - Block shares (XYZ) rose more than 5% in after-hours trading.

Bloomberg Markets - Block modestly exceeded Wall Street’s third-quarter earnings expectations and slightly lifted its outlook.

Bloomberg Markets - The outlook change followed a revamp announced earlier in the year.

WHEN:

Reuters - The earnings report and outlook increase were reported on Tuesday.

Bloomberg Markets - Block’s earnings results and outlook increase were reported on Tuesday.

WHY:

Reuters - Block raised its full-year gross profit outlook following its third-quarter earnings increase.

Bloomberg Markets - Block lifted its outlook following a revamp announced earlier in the year.

HOW:

Bloomberg Markets - Block’s outlook was lifted slightly following the previously announced revamp.

(UPDATED November 4, 2026 00:02 UTC)

Block, the payments company behind Square and Cash App, reported stronger-than-expected quarterly earnings. Revenue rose 10%, and Cash App gross profit climbed. Block raised its full-year outlook, sending shares more than 5% higher after hours.