Block raises full-year profit outlook as Cash App drives Q3 growth

Block raises full-year profit outlook as Cash App drives Q3 growth

Nov 3 : Jack Dorsey-led Block raised its full-year gross profit outlook on Tuesday after posting a rise in third-quarter earnings, helped by strength in its Cash App unit and steady consumer spending that offset an uncertain economic backdrop.The US economy grew at its fastest pace in a year in the third quar

Block Shares Gain More Than 7% as Q3 Gross Profit Rises 22%

Block raised its 2026 gross-profit outlook to $12.6 billion and recorded a $230 million loss on its Bitcoin investment in the quarter.

Block shares rise after third-quarter beat and a third straight guidance raise

Shares of Block Inc. rose more than 7% in late trading today after the payments and financial services company beat third-quarter expectations and raised its full-year guidance for the third straight time. For the quarter that ended on Sept. 30, Block reported adjusted earnings of $1.13 per share, up from 54 cents in the same […]

Block Promises Profit Momentum as Its AI Efforts Take Hold

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Block beats Q3 earnings and revenue estimates, raises full-year guidance

Block beat Q3 EPS and revenue estimates as Cash App gross profit rose 27%, raised full-year guidance, while Bitcoin gross profit fell 50%.