Block, Inc. grew first-quarter 2026 net revenue to $6.06 billion from $5.77 billion, but swung to a net loss of $308.7 million versus prior-year profit of $189.9 million. Gross profit rose to $2.91 billion, led by Cash App and Square.
Results were weighed down by $495.3 million of restructuring charges from a workforce reduction of more than 40%, higher transaction, loan, and consumer receivable losses of $500.1 million, and a $172.8 million remeasurement loss on bitcoin investment. Block also accrued $240 million related to an ongoing DOJ inquiry and repurchased 10.7 million Class A shares for about $636 million, while ending the quarter with $6.86 billion in cash and cash equivalents.
Block, Inc. grew first-quarter 2026 net revenue to $6.06 billion from $5.77 billion, but swung to a net loss of $308.7 million versus prior-year profit of $189.9 million. Gross profit rose to $2.91 billion, led by Cash App and Square.
Results were weighed down by $495.3 million of restructuring charges from a workforce reduction of more than 40%, higher transaction, loan, and consumer receivable losses of $500.1 million, and a $172.8 million remeasurement loss on bitcoin investment. Block also accrued $240 million related to an ongoing DOJ inquiry and repurchased 10.7 million Class A shares for about $636 million, while ending the quarter with $6.86 billion in cash and cash equivalents.
Block, Inc. reported strong Q1 2026 results and raised its full-year outlook. Gross profit rose 27% year over year to $2.91 billion, led by 38% growth in Cash App gross profit and 9% growth in Square gross profit. Adjusted Operating Income reached a record $728 million, a 25% margin, while Adjusted Diluted EPS grew 52% to a record $0.85. On a GAAP basis, Block posted a $172 million operating loss and $309 million net loss, driven by $852 million in restructuring and other charges and a $173 million bitcoin remeasurement loss. For 2026, Block now guides to $12.33 billion gross profit (19% growth), $3.34 billion Adjusted Operating Income (27% margin) and Adjusted Diluted EPS of $3.85, implying 62% growth. Q2 2026 guidance calls for gross profit of $3.04 billion (20% growth), Adjusted Operating Income of $740 million and Adjusted Diluted EPS of $0.86.
Block, Inc. reported strong Q1 2026 results and raised its full-year outlook. Gross profit rose 27% year over year to $2.91 billion, led by 38% growth in Cash App gross profit and 9% growth in Square gross profit. Adjusted Operating Income reached a record $728 million, a 25% margin, while Adjusted Diluted EPS grew 52% to a record $0.85. On a GAAP basis, Block posted a $172 million operating loss and $309 million net loss, driven by $852 million in restructuring and other charges and a $173 million bitcoin remeasurement loss. For 2026, Block now guides to $12.33 billion gross profit (19% growth), $3.34 billion Adjusted Operating Income (27% margin) and Adjusted Diluted EPS of $3.85, implying 62% growth. Q2 2026 guidance calls for gross profit of $3.04 billion (20% growth), Adjusted Operating Income of $740 million and Adjusted Diluted EPS of $0.86.
Block, Inc. solicitation by the New York State Common Retirement Fund urges shareholders to vote FOR Proposal No. 4, a stockholder proposal to establish a board-level Technology Committee ahead of the June 16, 2026 annual meeting.
The notice cites governance strain on Block’s three-member Audit and Risk Committee and points to oversight failures tied to regulatory penalties totaling $255 million — including an $80 million state settlement and a $175 million CFPB settlement — plus a $68.1 million one-time event expense and elimination of approximately 4,000 positions (about 40% of the workforce). The Fund argues a Technology Committee would concentrate board expertise on AI, cybersecurity, and technology-related compliance.
Block, Inc. solicitation by the New York State Common Retirement Fund urges shareholders to vote FOR Proposal No. 4, a stockholder proposal to establish a board-level Technology Committee ahead of the June 16, 2026 annual meeting.
The notice cites governance strain on Block’s three-member Audit and Risk Committee and points to oversight failures tied to regulatory penalties totaling $255 million — including an $80 million state settlement and a $175 million CFPB settlement — plus a $68.1 million one-time event expense and elimination of approximately 4,000 positions (about 40% of the workforce). The Fund argues a Technology Committee would concentrate board expertise on AI, cybersecurity, and technology-related compliance.
Block, Inc. appointed Andrea Acosta as Chief Accounting Officer and principal accounting officer, effective May 26, 2026. She will report to CFO and COO Amrita Ahuja, who has been serving as interim principal accounting officer and will remain in her existing roles.
Acosta brings senior accounting leadership experience from Pinterest, BioMarin Pharmaceutical, and Levi Strauss & Co., along with earlier audit work at KPMG. Her compensation includes a $550,000 annual base salary, a $250,000 sign-on cash bonus, and $8.0 million in restricted stock units vesting over four years, contingent on continued employment.
Block, Inc. appointed Andrea Acosta as Chief Accounting Officer and principal accounting officer, effective May 26, 2026. She will report to CFO and COO Amrita Ahuja, who has been serving as interim principal accounting officer and will remain in her existing roles.
Acosta brings senior accounting leadership experience from Pinterest, BioMarin Pharmaceutical, and Levi Strauss & Co., along with earlier audit work at KPMG. Her compensation includes a $550,000 annual base salary, a $250,000 sign-on cash bonus, and $8.0 million in restricted stock units vesting over four years, contingent on continued employment.
Vanguard Capital Management reports beneficial ownership of 41,692,502 shares of Block Inc. as of 03/31/2026, representing 7.73% of the class. The filing shows sole voting power for 6,116,723 shares and sole dispositive power for 41,692,502 shares. The filing is signed by Ashley Grim on 04/29/2026.
Vanguard Capital Management reports beneficial ownership of 41,692,502 shares of Block Inc. as of 03/31/2026, representing 7.73% of the class. The filing shows sole voting power for 6,116,723 shares and sole dispositive power for 41,692,502 shares. The filing is signed by Ashley Grim on 04/29/2026.
Block, Inc. is holding its 2026 annual stockholder meeting virtually on June 16, 2026, at 12:00 p.m. Pacific Time. Stockholders will vote on electing four Class II directors through 2029, an advisory Say‑on‑Pay resolution, and ratifying Ernst & Young as auditor for 2026.
They will also consider a stockholder proposal to create a board‑level technology committee covering areas such as cybersecurity, artificial intelligence, and data privacy; the board recommends voting against it, citing existing integrated risk oversight by the full board and the audit and risk committee.
The proxy details a majority‑independent, staggered board with a Lead Independent Director, expanded ESG and risk‑management oversight, and higher outside‑director compensation from 2025, including increased cash retainers and RSU awards, alongside stock‑ownership guidelines tying director and executive wealth to long‑term performance.
Block, Inc. is holding its 2026 annual stockholder meeting virtually on June 16, 2026, at 12:00 p.m. Pacific Time. Stockholders will vote on electing four Class II directors through 2029, an advisory Say‑on‑Pay resolution, and ratifying Ernst & Young as auditor for 2026.
They will also consider a stockholder proposal to create a board‑level technology committee covering areas such as cybersecurity, artificial intelligence, and data privacy; the board recommends voting against it, citing existing integrated risk oversight by the full board and the audit and risk committee.
The proxy details a majority‑independent, staggered board with a Lead Independent Director, expanded ESG and risk‑management oversight, and higher outside‑director compensation from 2025, including increased cash retainers and RSU awards, alongside stock‑ownership guidelines tying director and executive wealth to long‑term performance.
Block, Inc. Chief Legal Officer Esperanza Chrysty reported an open-market sale of 3,000 shares of Class A Common Stock at $75.00 per share. The transaction, valued at about $225,000, was executed under a pre-arranged Rule 10b5-1 trading plan adopted on February 25, 2025. Following the sale, she directly holds 268,169 shares.
Block, Inc. Chief Legal Officer Esperanza Chrysty reported an open-market sale of 3,000 shares of Class A Common Stock at $75.00 per share. The transaction, valued at about $225,000, was executed under a pre-arranged Rule 10b5-1 trading plan adopted on February 25, 2025. Following the sale, she directly holds 268,169 shares.
Block, Inc. executive Amrita Ahuja, the company’s CFO and COO, reported an open‑market sale of 30,919 shares of Class A Common Stock at a weighted average price around $75 per share on April 21, 2026.
The transaction was carried out under a pre‑arranged Rule 10b5‑1 trading plan adopted on February 25, 2025. After this sale, Ahuja continues to hold 500,816 shares directly, indicating she retains a substantial equity stake in the company.
Block, Inc. executive Amrita Ahuja, the company’s CFO and COO, reported an open‑market sale of 30,919 shares of Class A Common Stock at a weighted average price around $75 per share on April 21, 2026.
The transaction was carried out under a pre‑arranged Rule 10b5‑1 trading plan adopted on February 25, 2025. After this sale, Ahuja continues to hold 500,816 shares directly, indicating she retains a substantial equity stake in the company.