Block shares rose 8.1% in after-hours trading on Tuesday, November 3, after the company reported third-quarter results above Wall Street estimates and raised its 2026 outlook. The source does not give a year for the trading date and gives conflicting descriptions of which quarter preceded the forecast increase.
Block reported adjusted earnings of $1.13 per share, against an estimate of $1.03, and revenue of $6.72 billion, against an estimate of $6.58 billion. Gross profit rose 22% from a year earlier to $3.24 billion. Cash App gross profit rose 27% to $2.07 billion, while Square gross profit rose 14% to $1.16 billion.
Block raised its full-year 2026 adjusted earnings forecast to $4.15 per share from $4.04. Its initial 2027 outlook calls for gross profit growth of at least 15% and adjusted operating income of $4.575 billion, up 30% from a year earlier; those figures are forecasts, not results.
