Block reported exceptional Q2 2026 results with adjusted EPS of $1.02, up 65% year-over-year, while revenue reached $6.62 billion and gross profit climbed 25% to $3.17 billion. The company raised its full-year 2026 guidance for the third consecutive time, targeting $12.51 billion in gross profit and $3.47 billion in adjusted operating income. Despite these strong headline numbers, the stock fell 6% to $79.02 as investor focus shifted to Cash App’s growth trajectory. Square, the merchant-focused segment, posted a solid 13% year-over-year increase in gross profit.
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