Filing Flows › Block (XYZ) › Q2 2026 › vs Q1 2026
Block (XYZ) Q2 2026 vs Q1 2026 (quarter over quarter)
Block's revenue rose $561M (+9%) from $6.1B in Q1 2026 to $6.6B in Q2 2026. The biggest changes: Commerce enablement revenue +$403M (+14%); Bitcoin ecosystem revenue +$97.4M (+5%); Financial solutions revenue +$60.4M (+5%). Gross margin 47.8% against 48.0% (-0.2 pts).
Block, Q2 2026: revenue $6.6B (+9% year over year), operating margin 6.8%, net earnings $87.1M, operating cash flow $1.0B. The chart draws each line against Q1 2026, the increases inside each band.
Margins
| Q2 2026 | Q1 2026 | Change | |
|---|---|---|---|
| Gross margin | 47.8% | 48.0% | -0.2 pts |
| Operating margin | 6.8% | -2.8% | +9.6 pts |
| Net margin | 1.3% | -5.1% | +6.4 pts |
Every line
| Line | Q2 2026 | Q1 2026 | Change | % |
|---|---|---|---|---|
| Commerce enablement revenue | $3.3B | $2.9B | $403M | +14% |
| Bitcoin ecosystem revenue | $1.9B | $1.8B | $97.4M | +5% |
| Financial solutions revenue | $1.4B | $1.3B | $60.4M | +5% |
| Revenue | $6.6B | $6.1B | $561M | +9% |
| Gross profit | $3.2B | $2.9B | $257M | +9% |
| Cost of revenue | $3.5B | $3.1B | $304M | +10% |
| Operating profit | $447M | −$172M | $619M | — |
| Operating expenses | $2.7B | $3.1B | −$362M | -12% |
| Pre-tax earnings | $301M | −$393M | $694M | — |
| Other expense, net | $145M | $221M | −$75.2M | -34% |
| Research & development | $609M | $1.0B | −$430M | -41% |
| Sales & marketing | $665M | $651M | $14.4M | +2% |
| General & admin | $826M | $858M | −$31.7M | -4% |
| Other operating costs | $620M | $534M | $85.4M | +16% |
| Net earnings | $87.1M | −$309M | $396M | — |
| Income tax | $214M | −$84.0M | $298M | — |
| Depreciation & amortization | $95.1M | $96.0M | −$926K | -1% |
| Share-based compensation | $260M | $339M | −$78.9M | -23% |
| Working capital & other | $578M | $840M | −$262M | -31% |
| Operating cash flow | $1.0B | $966M | $54.2M | +6% |
Questions
How much did Block's revenue grow quarter over quarter in Q2 2026?
Block's revenue rose $561M (+9%) from $6.1B in Q1 2026 to $6.6B in Q2 2026.
What drove Block's revenue change in Q2 2026?
Commerce enablement revenue +$403M (+14%); Bitcoin ecosystem revenue +$97.4M (+5%); Financial solutions revenue +$60.4M (+5%).