XYZ · 8-K · 20260805PR335117

Supply Chain Tariff Impact

Block, Inc. · 2026-08-05 · Importance 25 · Surprise 42

Block disclosed a company-specific financial effect from tariffs in the second quarter of 2026. Square recorded a one-time tariff reimbursement that contributed approximately two percentage points to Square gross profit growth. Management said the reimbursement roughly offset the year-over-year comparison against a network remediation payment recorded in the prior year. Block expects Square gross profit to grow roughly in line with Square GPV during the second half of 2026.

Key facts

• Block booked a one-time tariff reimbursement in Q2 2026 that contributed approximately two points to Square gross profit growth. source