Block, the fintech company co-founded by Jack Dorsey, reported third-quarter 2026 results on November 3 that exceeded Wall Street estimates. Adjusted diluted earnings per share came in at $1.13, compared with $1.02 expected, while revenue reached $6.72 billion, above the $6.62 billion consensus. Cash App gross profit rose 27% to $2.07 billion, with 60 million monthly active users and consumer lending origination volume up 40% to $19.0 billion. By contrast, Bitcoin ecosystem gross profit fell 50% to $52 million, largely because of lower transaction fees on certain Cash App Bitcoin services. Block raised its 2026 outlook to $4.15 in adjusted diluted earnings per share and $12.626 billion in gross profit, representing 22% growth.
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