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Block (XYZ) Q2 FY2026 earnings: revenue $6.6 billion, up 9.3% on the year

Block, Inc. (XYZ) reported revenue of $6.6 billion for Q2 FY2026, the quarter ended 30 June 2026, up 9.3% on the same quarter a year earlier. Net income was $89 million, down 83.6% on the year, and diluted earnings per share $0.15. The figures are the company's own, from the 10-Q it filed with the SEC on 5 August 2026.

Revenue
$6.6 billion
+9.3% on the year · +9.3% on the quarter
Q3 FY2024Q2 FY2026
Operating margin
6.8%
8.0% a year earlier
Q3 FY2024Q2 FY2026
Net income
$89 million
-83.6% on the year
Q3 FY2024Q2 FY2026
Diluted EPS
$0.15
-82.8% on the year
Q3 FY2024Q2 FY2026

this quarterthe same quarter a year earlierHover a bar for its figure.

What management said

Guidance figures: 4 raised.

  • Gross profit up 25% year over year: Gross profit reached $3.17 billion in the second quarter, up 25% from $2.54 billion a year earlier, led by Cash App and Square.
  • Adjusted margin reached 27%: Adjusted Operating Income was $864 million, a 27% margin on gross profit against 22% a year earlier. Adjusted Diluted EPS grew 65% to $1.02.
  • Cash App gross profit up 31%: Cash App gross profit reached $1.97 billion, up 31%. Commerce Enablement growth was broad across BNPL and Cash App Card, and Financial Solutions growth came from Cash App Borrow.
Read the earnings call summary

Income statement (profit and loss)

$ millionQ2 FY2026Q1 FY2026Q2 FY2025On the quarterOn the yearLast 8 quarters
Revenue6,6186,0576,054+9.3%+9.3%
Cost of revenue3,4523,1483,518+9.7%-1.9%
Gross profit3,1662,9092,537+8.8%+24.8%
Gross margin47.8%48.0%41.9%
Research and development6091,039725-41.4%-16.1%
Operating income447-172484-7.7%
Operating margin6.8%-2.8%8.0%
Interest expense55.753.2n/a+4.7%
Pre-tax income301-393659-54.3%
Income tax214-84.0121+77.1%
Effective tax rate71.1%n/a18.4%
Net income88.5-309538-83.6%
Net margin1.3%-5.1%8.9%
Diluted EPS$0.15-$0.52$0.87-82.8%
$ million except per share.
Read moreFree cash flow is operating cash flow less capital expenditure; the effective tax rate is income tax over pre-tax income; margins are the line over revenue. Gross profit is revenue less cost of revenue, and operating income is revenue less the company's own total costs, where the statement does not print those lines. Those four are arithmetic on the filed numbers; everything else is as filed. Money is in $ million as the company files it, or in $ billion by the switch above the tables; per share figures and share counts are as they are.

Cash flow

$ millionQ2 FY2026Q1 FY2026Q2 FY2025On the quarterOn the yearLast 8 quarters
Operating cash flow1,020966374+5.6%+172.4%
Capital expenditure53.230.631.3+74.0%+70.0%
Free cash flow967935343+3.4%+181.8%
Free cash flow margin14.6%15.4%5.7%
Cash from investing-306300-486
Cash from financing-1,357-252-908
Depreciation and amortisation95.196.092.4-1.0%+2.9%
Share-based compensation260339297-23.3%-12.6%
Buybacks64.9636692-89.8%-90.6%
Diluted shares, weighted609m598m619m+1.9%-1.6%
Shares outstanding at period end601m595m610m+0.9%-1.4%

Cash flow lines for the quarter; where the company files them year to date, the quarter is the difference between two filings.

Balance sheet

$ millionQ2 FY2026Q1 FY2026Q2 FY2025On the quarterOn the yearLast 8 quarters
Shareholders' equity22,04721,71522,157+1.5%-0.5%
Non-controlling interest-35.8-34.3-34.2
Debt6,8837,8355,815-12.2%+18.4%
Operating lease liabilities228242256-6.0%-10.9%
Other liabilities10,03510,2288,665-1.9%+15.8%
Total liabilities and equity39,15739,98636,858-2.1%+6.2%
Fixed assets293295311-0.5%-5.7%
Goodwill11,96711,95611,817+0.1%+1.3%
Intangible assets1,2001,2461,369-3.7%-12.3%
Securities held for sale or to maturity536617510-13.1%+5.2%
Cash and equivalents6,4276,8586,384-6.3%+0.7%
Receivables194243159-19.8%+22.3%
Inventory199174138+14.1%+44.0%
Other assets18,33918,59716,170-1.4%+13.4%
Total assets39,15739,98636,858-2.1%+6.2%

Questions

What was Block's revenue in Q2 FY2026?

Block (XYZ) reported revenue of $6.6 billion for Q2 FY2026, the quarter ended 30 June 2026, up 9.3% on the same quarter a year earlier.

How much did Block earn in Q2 FY2026?

Net income for Q2 FY2026 was $89 million, down 83.6% on the year, and diluted earnings per share $0.15.

When did Block report Q2 FY2026 results?

Block filed its 10-Q for the quarter ended 30 June 2026 with the SEC on 5 August 2026.

Quarterly results, the last 20 quarters

Q4 FY2021 *Q1 FY2022 †Q2 FY2022Q3 FY2022Q4 FY2022 * †Q1 FY2023Q2 FY2023Q3 FY2023Q4 FY2023 *Q1 FY2024Q2 FY2024Q3 FY2024Q4 FY2024 *Q1 FY2025Q2 FY2025Q3 FY2025Q4 FY2025 *Q1 FY2026Q2 FY2026Q3 FY2026
Revenue4,0793,9614,4044,5164,6514,9905,5355,6175,7735,9576,1565,9766,0335,7726,0546,1156,2526,0576,6186,719
Cost of revenue2,8962,6662,9352,9482,9913,2763,6693,7193,7473,8633,9223,7263,7213,4823,5183,4533,3803,1483,4523,484
Gross profit1,1821,2951,4701,5671,6601,7151,8661,8982,0262,0942,2332,2502,3112,2902,5372,6622,8722,9093,1663,235
Gross margin29%33%33%35%36%34%34%34%35%35%36%38%38%40%42%44%46%48%48%48%
R&D3974585255486056276957146857217137117707617257117111,039609636
Operating income-54.6-227-214-48.8-135-6.2-132-9.9-13125030732313.0329484409485-172447428
Operating margin-1%-6%-5%-1%-3%-0%-2%-0%-2%4%5%5%0%6%8%7%8%-3%7%6%
Interest expensen/an/an/an/an/an/an/an/an/an/an/an/an/an/an/an/an/a53.255.748.1
Pre-tax income-74.4-209-208-36.0-112-21.4-13015.8106506249324278227659602202-393301612
Tax raten/an/an/an/an/an/an/a314%-49%7%24%13%-468%17%18%23%43%n/a71%8%
Net income-76.8-204-208-14.7-114-16.8-123-29.01784721952841,946190538462116-30988.5566
Net margin-2%-5%-5%-0%-2%-0%-2%-1%3%8%3%5%32%3%9%8%2%-5%1%8%
Diluted EPS-$0.15-$0.38-$0.36-$0.02-$0.17-$0.03-$0.20-$0.05$0.28$0.74$0.31$0.45$3.05$0.30$0.87$0.74$0.19-$0.52$0.15$0.92
Operating cash flow175229-11515.745.4294113491-79848951968513.81333741,4516219661,0201,016
Capital expenditure36.341.244.236.349.132.329.537.751.732.038.456.627.031.931.350.641.230.653.244.2
Free cash flow139188-159-20.6-3.726283.8453-850457481628-13.21013431,400580935967972
Buybacksn/an/an/an/an/a0.00.00.015725239034618344569240379063664.90.0
Shares outstandingn/an/an/an/an/an/an/an/an/an/an/an/a619m615m610m608m599m595m601m605m
Filing10-K10-Q10-Q10-Q10-K10-Q10-Q10-Q10-K10-Q10-Q10-Q10-K10-Q10-Q10-Q10-K10-Q10-Q10-Q
Each quarter as filed, linked to its filing.
Read more* The fourth quarter is the full year less the first three quarters, because the company files the year and not the quarter on its own. A fourth quarter's EPS, and its diluted share count where shown, are from the company's results press release for that quarter, checked against the company's filed figures or a second data source. A quarter marked † is shown as the company last restated it in a later filing, so it compares with the quarters around it on one basis; rest on a figure for the one first filed. EPS is as filed. Money is in $ million as the company files it, or in $ billion by the switch above the tables; per share figures and the share count are as they are. Free cash flow is operating cash flow less capital expenditure; the effective tax rate is income tax over pre-tax income; margins are the line over revenue. Gross profit is revenue less cost of revenue, and operating income is revenue less the company's own total costs, where the statement does not print those lines. Cash flow lines filed year to date are the difference between two filings. Shares outstanding are at the period end where the balance sheet tags them, otherwise the count on the filing's cover page. A derived fourth-quarter EPS is left blank when a split in the year makes the arithmetic meaningless.

10-Q for the period ended 30 June 2026, filed 5 August 2026: the filing.