XYZ · Earnings call · 2026Q2T · Full report
Guidance and Outlook
Block, Inc. · 2026-08-05 · Importance 84 · Surprise 84 · No source text
Block raised 2026 gross profit guidance to $12.51 billion, up 21% year over year. Full-year adjusted operating income is forecast at $3.47 billion, or a 28% margin, while adjusted diluted EPS growth is projected at 70%. Third-quarter guidance calls for 18% gross profit growth, a 28% adjusted operating margin, and 89% adjusted diluted EPS growth. Full-year interest expense is expected to be $200 million to $210 million, with a mid-20% non-GAAP effective tax rate for the year.
Key facts
- Block raised full-year 2026 gross profit guidance to $12.51 billion, up 21% year-over-year.
- For the third quarter of 2026, Block expects year-over-year gross profit growth of 18%.
- Block expects to exit the year in Q4 with mid-teens gross profit growth.
- Block expects low single-digit actives growth for Cash App in 2026.
- Block expects a mid-20% non-GAAP effective tax rate in the third quarter and for the full year 2026.
Impact estimates
| metric | direction | stage | expected | basis |
|---|---|---|---|---|
| revenue | positive | committed | — | Block raised full-year 2026 gross profit guidance to $12.51 billion, up 21% year-over-year. |
| revenue | positive | committed | — | For the third quarter of 2026, Block expects year-over-year gross profit growth of 18%. |
| revenue | positive | committed | — | Block expects to exit the year in Q4 with mid-teens gross profit growth. |
| revenue | positive | committed | — | Block expects low single-digit actives growth for Cash App in 2026. |
| net_income | negative | committed | — | Block expects a mid-20% non-GAAP effective tax rate in the third quarter and for the full year 2026. |