XYZ · 8-K · 20260805PR335117
Capital Return Program
Block, Inc. · 2026-08-05 · Importance 73 · Surprise 56 · In source text
Block repurchased $701 million of common stock during the six months ended June 30, 2026, compared with $1.138 billion in the prior-year period. The company also repaid $1.000 billion of senior notes and redeemed $575 million of convertible notes during the first six months. Weighted-average basic shares declined 3% year over year to 597.7 million for the six-month period. No dividend declaration or new repurchase authorization amount is disclosed in this section.
Key facts
- In November 2025 the board authorized an increase to the share repurchase program of up to an additional $5 billion of Class A common stock. source
- As of June 30, 2026, remaining share repurchase authorization: $4.6 billion. source
- Repurchases of common stock in the six months ended Jun. 30, 2026: $(700,935) (in thousands). source
- Year to date through Q2 2026, Block repurchased 11.6 million shares of Class A common stock for an aggregate amount of $701 million. source
Impact estimates
| metric | direction | stage | expected | basis |
|---|---|---|---|---|
| cash | negative | committed | — | As of June 30, 2026, remaining share repurchase authorization: $4.6 billion. |
| cash | negative | realized | — | Repurchases of common stock in the six months ended Jun. 30, 2026: $(700,935) (in thousands). |