AI English summary of an SEC filing — figures as filed

Block said gross profit for Q1 2026 rose 27% year over year to $2.91B. Gross profit at Cash App was $1.91B (+38%), and at Square it was $982M (+9%).

8-KResults of Operations and Financial ConditionFiled May 7, 2026Period of report May 7, 2026Summary published (UTC) Oct 26, 2026

Key points

AI summary

Block said gross profit for Q1 2026 rose 27% year over year to $2.91B. Gross profit at Cash App was $1.91B (+38%), and at Square it was $982M (+9%).
The company said GAAP operating loss for Q1 2026 was $172 million, and Adjusted Operating Income was $728 million. It cited restructuring and other charges of $852 million in the operating loss, including costs tied to the organizational change in February and accrued legal contingencies.
The company said it expects full-year 2026 gross profit of $12.33 billion (up 19% year over year), Adjusted Operating Income of $3.34 billion (27% margin), and Adjusted Diluted EPS of $3.85 (up 62%). It said it raised its guidance to reflect its results for Q1 and higher expectations for the rest of the year.

Summary

AI-written

Analysis scope · Filing body and confirmed press-release exhibitWe analyzed the filing body and confirmed exhibits. This is not a review of other exhibits, investor presentations or the full earnings call. Some paragraphs were omitted because their support in the source could not be confirmed.

Gross profit of $2.91B in Q1 2026, up 27% year over year

Block said gross profit for Q1 2026 rose 27% year over year to $2.91B. Gross profit at Cash App was $1.91B (+38%), and at Square it was $982M (+9%).

Source · Based on the filing body and exhibits

Block GAAP operating loss of $172 million, Adjusted Operating Income of $728 million in Q1

The company said GAAP operating loss for Q1 2026 was $172 million, and Adjusted Operating Income was $728 million. It cited restructuring and other charges of $852 million in the operating loss, including costs tied to the organizational change in February and accrued legal contingencies.

Source · Based on the filing body and exhibits

Block raises 2026 full-year outlook

The company said it expects full-year 2026 gross profit of $12.33 billion (up 19% year over year), Adjusted Operating Income of $3.34 billion (27% margin), and Adjusted Diluted EPS of $3.85 (up 62%). It said it raised its guidance to reflect its results for Q1 and higher expectations for the rest of the year.

Source · Based on the filing body and exhibits

AI summarized the filing and translated the summary into English; it may differ from the original. For reference only, not investment advice. AI translated the published Korean report into English. Figures are copied as filed, not recalculated.

Original filing

The filing as submitted to SEC EDGAR. You can check the figures and statements of this summary against it.

View the original filing on SEC EDGAR ↗

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