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.
$ 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
$ million
Q2 FY2026
Q1 FY2026
Q2 FY2025
On the quarter
On the year
Last 8 quarters
Operating cash flow
1,020
966
374
+5.6%
+172.4%
Capital expenditure
53.2
30.6
31.3
+74.0%
+70.0%
Free cash flow
967
935
343
+3.4%
+181.8%
Free cash flow margin
14.6%
15.4%
5.7%
Cash from investing
-306
300
-486
Cash from financing
-1,357
-252
-908
Depreciation and amortisation
95.1
96.0
92.4
-1.0%
+2.9%
Share-based compensation
260
339
297
-23.3%
-12.6%
Buybacks
64.9
636
692
-89.8%
-90.6%
Diluted shares, weighted
609m
598m
619m
+1.9%
-1.6%
Shares outstanding at period end
601m
595m
610m
+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
$ million
Q2 FY2026
Q1 FY2026
Q2 FY2025
On the quarter
On the year
Last 8 quarters
Shareholders' equity
22,047
21,715
22,157
+1.5%
-0.5%
Non-controlling interest
-35.8
-34.3
-34.2
Debt
6,883
7,835
5,815
-12.2%
+18.4%
Operating lease liabilities
228
242
256
-6.0%
-10.9%
Other liabilities
10,035
10,228
8,665
-1.9%
+15.8%
Total liabilities and equity
39,157
39,986
36,858
-2.1%
+6.2%
Fixed assets
293
295
311
-0.5%
-5.7%
Goodwill
11,967
11,956
11,817
+0.1%
+1.3%
Intangible assets
1,200
1,246
1,369
-3.7%
-12.3%
Securities held for sale or to maturity
536
617
510
-13.1%
+5.2%
Cash and equivalents
6,427
6,858
6,384
-6.3%
+0.7%
Receivables
194
243
159
-19.8%
+22.3%
Inventory
199
174
138
+14.1%
+44.0%
Other assets
18,339
18,597
16,170
-1.4%
+13.4%
Total assets
39,157
39,986
36,858
-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.
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.