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Block Raises Full-Year 2026 Profit Guidance to $13.5B Gross Profit, $4.02 EPS

2026-08-06 01:41:49

According to Bloomberg, Block has raised its full-year 2026 profit guidance. The company projects gross profit of $13.5 billion, adjusted operating income of $3.5 billion, and adjusted diluted earnings per share of $4.02. However, net income is expected to decline 84% year-over-year to $88.5 million due to restructuring costs and increased marketing and sales expenses. Bitcoin ecosystem gross profit fell 31% to $72 million, as the company reduced certain Cash App transaction fees.

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