Block, Inc. (XYZ) Earnings Call Transcripts

Block, Inc.'s Latest Earnings Call - Q2 FY2026

Block, Inc. reported a strong second quarter for fiscal year 2026, with revenue growth and profitability exceeding expectations. The company achieved a gross profit of $3.15 billion, up 25% year-over-year, and adjusted diluted EPS of $1.25, reflecting a 65% increase. Management raised guidance for the full year, now expecting gross profit of $12.51 billion and adjusted diluted EPS growth of 70%, indicating strong momentum heading into the second half of the year.

Reported metrics

Guidance from management

Management raised guidance for 2026, now expecting gross profit of $12.51 billion and adjusted diluted EPS growth of 70%. For Q3, they anticipate 18% gross profit growth and an adjusted operating income margin of 28%.

What management said

Thank you all for joining us. We had a strong second quarter, and we're raising our guidance for the year based on the strength of our execution. My letter this quarter focuses on our capabilities and how we build. Intelligence tools are making it easier to build all the software we need. What's harder is knowing what to build, owning the capabilities behind it, and connecting those capabilities in ways that create v...

We'll take our next question from a shareholder on X. And Jack, this one is for you. It's a 2-parter on both Buzz and open source. So how does Block plan to monetize its open source efforts such as Buzz and Goose and talk more broadly about open source strategy. Does open sourcing some of our AI initiatives limit how much they benefit Block because they're public by definition?

What analysts pressed on

Analysts expressed concerns regarding the sustainability of Cash App's growth amid tough comparisons from last year, particularly in the Borrow segment. There were also inquiries about hardware costs and supply chain dynamics as the company scales its product offerings.

Main topics on the call

• Revenue Growth Acceleration — Block's gross profit grew 25% year-over-year, driven by strong performance across both Square and Cash App. Amrita Ahuja stated, "We grew gross profit 25% year-over-year while delivering an all-time high 27% adjusted ope...
• Guidance Increase — Management raised full-year guidance based on strong Q2 performance, now expecting gross profit of $12.51 billion, up 21% year-over-year. Ahuja noted, "Our increased guidance reflects the strength of our first-half execu...
• Cash App Growth Strategies — Cash App's gross profit grew 31% year-over-year, with management focusing on deepening engagement through new products. Dorsey emphasized, "We see over 100 million modern earners in the U.S. and think that's going to be ...
• AI and Product Development — Block is leveraging AI to enhance product development speed and quality, with Jack Dorsey stating, "Code changes per engineer is up 150% since the start of the year." This reflects a significant improvement in operationa...

Read the full Block, Inc. transcript (Q2 FY2026) → Summary generated from the call transcript; every figure above is stated by management on the record.

Earnings Call History

EarningsCalls.dev has 51 Block, Inc. earnings call transcripts on record, spanning February 26, 2020 to August 5, 2026. Based on this history, Block, Inc. reports quarterly. The most recent call on file is dated August 5, 2026. The full list is below — each row opens the complete, free-to-read transcript.

Ticker

XYZ

Exchange

NYSE

Country

US

Sector

Financials

Industry

Financial Services

Calls on record

51

First call

February 26, 2020

Most recent

August 5, 2026

Reporting cadence

quarterly