NYSE$XYZ

Block Inc. · Q1 2026 earnings

Q1 2026 earnings · · Investor relations

Briefing

Block reported Q1 2026 total net revenue of $6.06B and a net loss of $308.6M, with diluted EPS of $(0.52).

Q1 2026 total net revenue rose to $6.06 billion (+5% YoY) with Square and Cash App growth offset by lower Bitcoin revenue. Net loss was $308.6 million (diluted EPS $(0.52)) versus $188.7 million income a year ago, driven by a $172.8 million bitcoin investment remeasurement loss and higher transaction losses. Gross profit was $2.91 billion.

  • Total net revenue $6.06B (+5% YoY).
  • Gross profit $2.91B; operating loss $(172)M.
  • Bitcoin remeasurement loss $172.8M.
  • Transaction and loan losses $500M.

Headline financials

Total Revenue

$6.06B

Previous: $5.77B+4.9%
EPS (adj)

-$0.52

Previous: $0.30-273.3%
Capital Expenditures

-$30.6M

Previous: -$31.9M+4.1%
Free Cash Flow

$935M

No prior period
Net Income

-$309M

Previous: $190M-262.6%
Operating Income

-$172M

Previous: $329M-152.2%
Gross Profit

$2.91B

Previous: $2.29B+27.1%
Cash & Equivalents

$6.86B

No prior period
Total Assets

$40B

No prior period

Revenue & EPS history

Block Inc. · Revenue · Quarterly

$6.06B

Q1 2026+4.9%vs Q1 2025
Beat estimate in 8 of 14 quarters(57%)
ActualEstimate

Revenue by segment

Block Inc. · $7.98B total across 3 segments · Q3 2023

  • Cash App
    $3.58B+33.6%
  • Bitcoin Ecosystem
    $2.42B+37.3%
  • Square
    $1.98B+11.9%

Forward guidance

Fintech platform discusses Square gross profit growth, Cash App engagement, and bitcoin treasury policy.

Tailwinds

  • Commerce and financial solutions revenue grew.
  • Gross profit up year over year.

Headwinds

  • GAAP loss on bitcoin mark-to-market and credit losses.
  • Regulatory scrutiny of consumer finance products.

Historical earnings impact

How earnings announcements have historically affected this stock's price.

Avg. return before/after earnings

Based on 20 quarterly earnings reports · overlaid with Q1 2026

Historical avgQ1 2026

+1.2%

Avg return

Earnings day

+2.5%

Avg return

5 days after

+4.0%

Avg return

30 days after

52%

24 / 46 earnings

Positive

+35.1%

Q4 2021

Best reaction

-24.5%

Q1 2015

Worst reaction

Earnings price reactions
QuarterReport dateReaction (Day 0)+5 days+30 days
Q1 2026+7.3%+1.7%-3.6%
Q4 2025-4.2%+19.6%+2.7%
Q3 2025-7.7%-7.3%-13.8%
Q2 2025-4.5%+0.1%-2.5%
Q1 2025-20.4%-18.0%+5.6%
Q4 2024-17.7%-21.4%-26.4%
Q3 2024-4.0%+12.4%+26.5%
Q2 2024-2.4%-7.5%+6.8%
Q1 2024+3.9%+7.1%-4.1%
Q4 2023+22.4%+20.5%+25.3%
Q3 2023+18.8%+24.6%+58.8%
Q2 2023-14.7%-16.3%-21.9%
Q1 2023-0.1%+0.0%+7.0%
Q4 2022+6.1%+5.2%-16.8%
Q3 2022+10.0%+14.4%+24.8%
Q2 2022-0.4%-7.9%-24.7%
Q1 2022-9.9%-21.0%-22.2%
Q4 2021+35.1%+42.1%+46.9%
Q3 2021-6.0%-8.6%-28.2%
Q2 2021+10.2%+11.3%+8.4%
Q1 2021+0.6%-4.8%-7.8%
Q4 2020-11.5%-14.2%-22.2%
Q3 2020+15.6%+0.4%+21.5%
Q2 2020+8.7%+9.2%+13.4%
Q1 2020+11.9%+12.3%+34.8%
Q4 2019+2.9%+4.7%-30.8%
Q3 2019+5.5%+4.5%+11.3%
Q2 2019-13.4%-19.7%-23.1%
Q1 2019-7.0%-3.7%-14.9%
Q4 2018+4.2%-4.2%-3.9%
Q3 2018-2.7%-9.7%-21.4%
Q2 2018+12.4%+9.7%+37.1%
Q1 2018+2.1%+6.1%+23.3%
Q4 2017-1.1%-1.1%+5.7%
Q3 2017+3.3%+8.8%+3.6%
Q2 2017-5.9%-4.2%-3.3%
Q1 2017+5.8%+4.0%+23.3%
Q4 2014-0.6%-3.1%-1.2%
Q4 2016+17.2%+22.6%+13.4%
Q3 2015+8.3%+10.4%+18.0%
Q3 2016+5.2%+8.8%+13.5%
Q2 2015+6.8%+8.2%+15.4%
Q2 2016+12.6%+12.0%+19.9%
Q1 2015-24.5%
Q1 2016-23.7%
Q4 2015-1.6%
Q3 2014
Q2 2014
Q1 2014

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