Skip to content
AnalystLens

Block 8-K Report, Financial Results (May 7, 2026)

Reports
Earnings & Results·Exhibits & Filings
Filing Date
Filed May 7, 2026
Period End
May 7, 2026
Securities
XYZBSQKZ
In the record · 2016–202610-K1110-Q338-K137

XYZ filed 11 annual reports (10-K), 33 quarterly reports (10-Q) and 137 current reports (8-K) between 2016 and 2026.

  1. Material agreement8-K · Mar ’17Mar ’17
  2. Leadership change8-K · Feb ’20Feb ’20
  3. Deal closed8-K · Jan ’22Jan ’22
  4. Leadership change8-K · Jun ’25Jun ’25

01—Abstract

Summary

Summary of the 8-K filed May 7, 2026. Cited figures are marked; the original filing is the authoritative source.

Block, Inc. (XYZ) filed this Form 8-K on May 7, 2026 to furnish its Shareholder Letter for the first quarter ended March 31, 2026 (Exhibit 99.1).

Gross profit rose 27% year over year to $2.91 billiona, with Cash App gross profit up 38% to $1.91 billion and Square gross profit up 9% to $982 million. GAAP results were weaker: operating loss was $172 million and diluted net loss per share was $0.52, driven by $852 million in restructuring and other charges tied to a February organizational change and accrued legal contingencies, plus a $173 million bitcoin remeasurement loss. Adjusted Operating Income reached a record $728 million (25% margin of gross profit) and Adjusted Diluted EPS grew 52% to $0.85.

Management raised full-year 2026 guidance to $12.33 billionb in gross profit (19% growth), $3.34 billion in Adjusted Operating Income (27% margin), and $3.85 in Adjusted Diluted EPS (62% growth). For the second quarter, it expects gross profit of $3.04 billion (20% growth) and Adjusted Operating Income of $740 million, while noting it will increase go-to-market spending meaningfully. Consumer Lending origination volume grew 82% year over year to $17.6 billion, with Cash App Borrow originations up 175%, and management expects loss growth rates to decline through the rest of 2026.

The letter emphasizes AI-driven productivity and proactive products such as Moneybot and Managerbot. The letter also reports the company repurchased $636 millionc of Class A common stock in the quarter, with $4.7 billion of remaining authorization as of March 31, 2026, and total liquidity of $9.1 billion. Transaction, loan, and consumer receivable losses rose to $500 million from $170 million a year earlier, a figure investors will want to monitor alongside the lending growth.

02—Key points

Key Highlights

  1. Gross profit of $2.91 billion, up 27% year over year; Cash App gross profit up 38% to $1.91 billion and Square gross profit up 9% to $982 million.
  2. GAAP operating loss of $172 million and diluted net loss per share of $0.52, driven by $852 million in restructuring and other charges and accrued legal contingencies.
  3. Adjusted Operating Income of a record $728 million (25% margin of gross profit); Adjusted Diluted EPS of $0.85, up 52% year over year.
  4. Full-year 2026 guidance raised to $12.33 billion gross profit, $3.34 billion Adjusted Operating Income, and $3.85 Adjusted Diluted EPS.
  5. Second-quarter 2026 outlook of $3.04 billion gross profit and $740 million Adjusted Operating Income, with go-to-market spend to increase meaningfully.
  6. Consumer Lending origination volume up 82% year over year to $17.6 billion; transaction, loan, and consumer receivable losses rose to $500 million from $170 million.
  7. Repurchased $636 million of Class A common stock in the quarter; $4.7 billion of repurchase authorization remaining and $9.1 billion of total liquidity as of March 31, 2026.

03—Questions

Frequently Asked Questions

  1. Why was Block's GAAP result a loss when Adjusted results were strong?

    The GAAP operating loss of $172 million included $852 million in restructuring and other charges, driven by the organizational change executed in February and accrued legal contingencies. The company's non-GAAP measures exclude these items, along with share-based compensation tied to restructuring and amortization of acquired intangibles.

  2. What drove the bitcoin-related impact on earnings?

    Bitcoin Ecosystem revenue fell to $1.80 billion from $2.33 billion, and gross profit from this segment declined 26% year over year due to bitcoin trading dynamics and a strategic decision to reduce fees on certain bitcoin transactions on Cash App. The filing also cites a $173 million pre-tax bitcoin remeasurement loss, which reduced diluted EPS by $0.29.

  3. How is the lending business growing, and what are the risks?

    Consumer Lending origination volume grew 82% year over year to $17.6 billion, led by Cash App Borrow, where origination volume grew 175%. Transaction, loan, and consumer receivable losses rose to $500 million from $170 million, and management expects loss growth rates to decline through the rest of 2026 based on its origination growth forecast.

  4. What did management change in its 2026 outlook?

    Management raised full-year 2026 guidance to $12.33 billion in gross profit (19% growth), $3.34 billion in Adjusted Operating Income (27% margin), and $3.85 in Adjusted Diluted EPS (62% growth). The increase reflects first-quarter outperformance and higher expectations for the rest of the year.

  5. How much capital did Block return to shareholders?

    In the first quarter the company repurchased 10.7 million shares of Class A common stock for $636 million. As of March 31, 2026, it had $4.7 billion of remaining repurchase authorization following a November 2025 increase of up to an additional $5 billion.

04—Continue

← View all 8-K filings