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Block 8-K Report, Financial Results (Aug 5, 2026)

Reports
Earnings & Results·Exhibits & Filings
Filing Date
Filed August 5, 2026
Period End
August 5, 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 · Aug ’25Aug ’25

01—Abstract

Summary

Summary of the 8-K filed August 5, 2026. Cited figures are marked; the original filing is the authoritative source.

Block, Inc. (NYSE: XYZ) filed an 8-K on August 5, 2026 furnishing its Shareholder Letter for the second quarter ended June 30, 2026 (Exhibit 99.1).

The company reported gross profit of $3.17 billiona, up 25% year over year, with Cash App gross profit of $1.97 billion (up 31%) and Square gross profit of $1.16 billion (up 13%). GAAP operating income was $447 million (14% of gross profit), while Adjusted Operating Income reached a record $864 million (27% margin). GAAP diluted EPS was $0.15 and Adjusted Diluted EPS was $1.02, up 65% year over year.

Net income attributable to common stockholders was $89 millionb on a GAAP basis; the statements of operations show $88.5 million. GAAP results were weighed down by $365 million of contingencies, restructuring and other charges in the quarter, and general and administrative expenses rose 84% year over year on a GAAP basis, primarily from increased accrued legal contingencies. Transaction, loan, and consumer receivable losses increased 99% year over year on a GAAP basis, driven by loan volume growth.

Bitcoin Ecosystem gross profit declined 31% year over year, reflecting a strategic decision to reduce fees on certain bitcoin transactions on Cash App. Management raised full-year 2026 guidance to $12.51 billionc in gross profit (up 21%), Adjusted Operating Income of $3.47 billion (28% margin), and Adjusted Diluted EPS of $4.02 (up 70%).

For the third quarter, guidance calls for $3.13 billiond in gross profit and $875 million in Adjusted Operating Income. The company also reported $8.8 billion of total liquidity and $4.6 billion of remaining share repurchase authorization.

02—Key points

Key Highlights

  1. Gross profit of $3.17 billion grew 25% year over year, with Cash App up 31% and Square up 13%.
  2. Adjusted Operating Income of $864 million set a record, with a 27% margin of gross profit, compared with $550 million a year earlier.
  3. GAAP operating income was $447 million versus $484 million in Q2 2025, reflecting $365 million of contingencies, restructuring and other charges.
  4. GAAP diluted EPS was $0.15, while Adjusted Diluted EPS grew 65% year over year to $1.02.
  5. Full-year 2026 guidance was raised to $12.51 billion gross profit, $3.47 billion Adjusted Operating Income, and $4.02 Adjusted Diluted EPS.
  6. Square U.S. GPV growth accelerated to 10%, the strongest since Q2 2023, and Consumer Lending origination volume grew 59% to $18.9 billion.
  7. Bitcoin Ecosystem gross profit fell 31% year over year after a strategic decision to reduce fees on certain bitcoin transactions.

03—Questions

Frequently Asked Questions

  1. How did Block perform against its guidance in the second quarter of 2026?

    The letter states that Block outperformed its gross profit guidance, growing gross profit 25% year over year, and exceeded its Adjusted Operating Income guidance, reporting a record $864 million.

  2. What drove the difference between GAAP and adjusted profitability?

    GAAP operating income was $447 million while Adjusted Operating Income was $864 million. The difference includes $365 million of contingencies, restructuring and other charges, $34 million of amortization of customer and other acquired intangible assets, and $12.8 million of amortization of acquired technology assets. General and administrative expenses rose 84% year over year on a GAAP basis, primarily from increased accrued legal contingencies.

  3. Is credit risk rising with lending growth?

    Transaction, loan, and consumer receivable losses rose 99% year over year on a GAAP basis, driven primarily by loan volume growth. Management said cohort-level Borrow risk loss rates remained healthy and expects year-over-year growth in these losses to moderate through the rest of 2026.

  4. What is the full-year 2026 outlook?

    Management raised full-year guidance to $12.51 billion in gross profit (up 21% year over year), $3.47 billion in Adjusted Operating Income (28% margin, up 67%), and $4.02 in Adjusted Diluted EPS (up 70%). For Q3 2026, it expects $3.13 billion in gross profit and $875 million in Adjusted Operating Income.

  5. How is Block returning capital and funding its lending growth?

    Year to date, Block repurchased 11.6 million Class A shares for $701 million, with $4.6 billion of remaining repurchase authorization as of June 30, 2026. Over the last 12 months it deployed $1.8 billion of capital to grow lending products. The company ended the quarter with $8.8 billion of total liquidity.

04—Continue

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