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Block (XYZ) earnings and revenue breakdown
Latest: Q3 2026 · 10-Q filed Nov 3, 2026 · Block (XYZ) Q3 2026 earnings results →
Q3 2026 Revenue up 10% year over year to $6.7B · 8¢ of every $1 of revenue kept as net profit · operating margin 6.4%
Block made $6.7B in Q3 2026 (+10% Y/Y): Commerce enablement revenue $3.5B, Bitcoin ecosystem revenue $1.8B, Financial solutions revenue $1.4B. Operating margin 6.4%, net earnings $564M. See where every dollar goes — costs, profit and cash — as a Sankey from the 10-Q filed Nov 3, 2026.
Drawing the Sankey…
Open the interactive Sankey → click any line for what the company wrote about it, compare Y/Y and Q/Q, export as PNG or PDF
What changed this quarter
Revenue was $6.7B in Q3 2026, up 10% year over year and up 2% from the previous quarter. Commerce enablement revenue was the largest line at 52% of revenue. Commerce enablement revenue added $0.48B year over year (up 16%), 79% of the total change. Bitcoin ecosystem revenue declined 11%.
Gross margin was 48.1%, up 4.6 points from Q3 2025. Operating profit was $0.43B, a 6.4% margin (down 0.3 points year over year). Of the extra revenue versus Q3 2025, 3% reached operating profit, below the 7% margin then. Operating expenses grew 25% against revenue growth of 10%. The fastest-growing cost line was Other operating costs (+60%). Net earnings were $0.57B, up 23% year over year. The effective tax rate was 7.9%. Non-operating items added $0.18B, 30% of pre-tax earnings, so the bottom line overstates operating performance.
Operating cash flow was $1.0B (down 30% year over year), 180% of net earnings. Non-cash charges added back $0.09B of depreciation and amortization and $0.27B of share-based compensation. Working capital and other items added $0.09B. After purchase of property and equipment ($0.04B), free cash flow as the company reports it was $1.0B.
Quarterly history
| Quarter | Form | Filed | Revenue | Y/Y | Op. margin | Net earnings | Op. cash flow |
|---|---|---|---|---|---|---|---|
| Q3 2026 | 10-Q | Nov 3, 2026 | $6.7B | +10% | 6.4% | $564M | $1.0B |
| Q2 2026 | 10-Q | Aug 5, 2026 | $6.6B | +9% | 6.8% | $87.1M | $1.0B |
| Q1 2026 | 10-Q | May 7, 2026 | $6.1B | +5% | -2.8% | −$309M | $966M |
| Q4 2025 | 10-K | Feb 26, 2026 | $6.3B | +4% | 7.8% | $116M | $621M |
| Q3 2025 | 10-Q | Nov 6, 2025 | $6.1B | +2% | 6.7% | $462M | $1.5B |
| Q2 2025 | 10-Q | Aug 7, 2025 | $6.1B | -2% | 8.0% | $538M | $374M |
| Q1 2025 | 10-Q | May 1, 2025 | $5.8B | -3% | 5.7% | $190M | $133M |
Charts
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💵Where each $1 goesinteractive
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🌏Named in Asian annual reportsinteractive
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🔄Rotation against the market and its industry (RRG)interactive
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⚖️Fair value by methodinteractive
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🔭Outlook & guidanceinteractive
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📈Investments: gains and what it boughtinteractive
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🏭Its industry’s money flow (input-output)interactive
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Customers and suppliers named in filings
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About Block
At Block, Inc. (together with its subsidiaries, "Block" or "we"), we are building technology that enables people and businesses to participate more fully in the economy. Our purpose is economic empowerment, helping individuals and businesses manage, move, and grow their money through simple and connected tools. Block designs and operates connected ecosystems that integrate commerce solutions, financial services, software, hardware, and networks to serve individuals and small businesses, primarily through Cash App's consumer network and Square's business ("seller") network. Our platform integrates payments, banking, lending, and commerce solutions designed to provide secure, reliable, and scalable financial infrastructure. We apply data, automation, and AI to improve the speed, accuracy, and usability of our products.
In its own words, from its 10-K, filed Feb 26, 2026.
Block against its Services-Prepackaged Software peers
The largest companies of the same SEC industry, each at its latest quarter. Revenue growth: +10% against the peers' median +19%. Operating margin: 6.4% against the peers' median 15.2%.
| Company | Quarter | Revenue | Y/Y | Op. margin |
|---|---|---|---|---|
| XYZ Block | Q3 2026 | $6.7B | +10% | 6.4% |
| MSFT Microsoft | Q1 FY27 | $92.3B | +19% | 49.8% |
| ORCL Oracle | Q1 FY27 | $19.3B | +30% | 34.8% |
| CRM Salesforce | Q2 FY27 | $11.3B | +11% | 20.5% |
| ADBE Adobe | Q3 FY26 | $6.8B | +13% | 34.8% |
| INTU Intuit | Q4 FY26 | $4.4B | +14% | 10.9% |
| NOW ServiceNow | Q3 2026 | $4.1B | +20% | 9.4% |
| SHOP Shopify | Q3 2026 | $3.7B | +32% | 15.2% |
| CRWV CoreWeave | Q2 2026 | $2.6B | +112% | -1.9% |
Source: Block 10-Q on SEC EDGAR · CIK 1512673 · Services-Prepackaged Software
Guidance and outlook
13F: who owns XYZ and who is buying
More on XYZ
- How Block makes money: revenue by segment
- Block next earnings date and what analysts expect
- Block stock forecast, price target and fair value
- Who owns Block stock: holders, funds and Congress trades
- Block guidance and outlook
- Is Block a takeover target? LBO and rumors
- Block recalls, complaints and regulation
History
Every quarter: Q3 2026 results · Q2 2026 results · Q1 2026 results · Q4 2025 results · Q3 2025 results · Q2 2025 results · Q1 2025 results
- Block gross margin by quarter
- Block operating margin by quarter
- Block net income by quarter
- Block free cash flow by quarter
- Block R&D spending by quarter
- Block capital expenditures by quarter
- Block Commerce enablement revenue revenue by quarter
- Block Bitcoin ecosystem revenue revenue by quarter
- Block Financial solutions revenue revenue by quarter