Earnings Call
Aug 5, 2026
Q2 FY2026
EPS Estimate
0.87
EPS Actual
1.02
Post-Earnings Close
$79.02
Earnings Reaction
-6.2%
Block delivered a standout second quarter, with gross profit growing 25% year-over-year and adjusted diluted EPS surging 65%, both ahead of guidance, while achieving an all-time high adjusted operating income margin of 27%. The breadth of the outperformance was notable: Square GPV accelerated to 13% global growth with U.S. GPV posting its strongest rate since Q2 2023, and Cash App gross profit grew 31% year-over-year even as the company laps a period of rapid Cash App Borrow scaling. Management raised full-year guidance across all three headline metrics, now targeting $12.51 billion in gross profit (up 21% year-over-year), $3.47 billion in adjusted operating income (28% margin), and 70% adjusted diluted EPS growth, with Q3 guidance calling for 89% EPS growth year-over-year and an 18% gross profit growth rate.
Report generated on Aug 7, 2026
AI-generated earnings analysis. Not investment advice.
Chief Executive Officer
The quarter's results reflected a combination of company-specific execution and broader sector dynamics, with management addressing several of the key debates that analysts had flagged heading into the print. Guidance commentary pointed to continued momentum in the core segments, while questions on margins and capital allocation drew more nuanced responses from the leadership team over the course of the call.
The quarter's results reflected a combination of company-specific execution and broader sector dynamics, with management addressing several of the key debates that analysts had flagged heading into the print. Guidance commentary pointed to continued momentum in the core segments, while questions on margins and capital allocation drew more nuanced responses from the leadership team over the course of the call.
The quarter's results reflected a combination of company-specific execution and broader sector dynamics, with management addressing several of the key debates that analysts had flagged heading into the print. Guidance commentary pointed to continued momentum in the core segments, while questions on margins and capital allocation drew more nuanced responses from the leadership team over the course of the call.
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