XYZ · 8-K · 20260805PR335117

Income Tax Rate Changes

Block, Inc. · 2026-08-05 · Importance 57 · Surprise 64

Second-quarter income tax provision increased 77% year over year to $214 million from $121 million. Income before tax declined 54% to $301 million from $659 million, causing the effective tax rate to increase to approximately 71% from 18%. For the first six months, the company reported a $91 million pretax loss and a $130 million tax provision, compared with $886 million of pretax income and a $159 million provision in the prior-year period. Six-month net loss attributable to common stockholders was $220 million, compared with net income of $728 million a year earlier.