Filing Flows › Block (XYZ) › Q2 2026
Block (XYZ) Q2 2026 earnings results (second quarter 2026)
10-Q filed Aug 5, 2026
Block (XYZ) reported revenue of $6.6B for the second quarter 2026 (Q2 2026), +9% from a year earlier and +9% from the quarter before. Operating margin was 6.8%, net earnings $87.1M (1.3% of revenue).
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 follows the revenue to costs, profit and cash.
| Q2 2026 | Amount | Q/Q | Y/Y |
|---|---|---|---|
| Revenue | $6.6B | +9% | +9% |
| Gross profit | $3.2B | +9% | +25% |
| Operating profit | $447M | — | -8% |
| Net earnings | $87.1M | — | -84% |
| Operating cash flow | $1.0B | +6% | +172% |
| Free cash flow | $967M | — | +182% |
What changed
Revenue was $6.6B in Q2 2026, up 9% year over year and up 9% from the previous quarter. Commerce enablement revenue was the largest line at 50% of revenue. Commerce enablement revenue added $0.44B year over year (up 15%), 79% of the total change. Bitcoin ecosystem revenue declined 13%.
Gross margin was 47.8%, up 5.9 points from Q2 2025. Operating profit was $0.45B, a 6.8% margin (down 1.2 points year over year). Operating profit fell $0.04B even though revenue rose $0.56B versus Q2 2025, so costs grew faster than sales. Operating expenses grew 32% against revenue growth of 9%. The fastest-growing cost line was Other operating costs (+89%). Net earnings were $0.09B, down 84% year over year. The effective tax rate was 71.1%.
Operating cash flow was $1.0B (up 172% year over year), 1171% of net earnings. Non-cash charges added back $0.10B of depreciation and amortization and $0.26B of share-based compensation. Working capital and other items added $0.58B. After purchase of property and equipment ($0.05B), free cash flow as the company reports it was $1.0B.
Questions
What was Block's revenue in the second quarter 2026?
Block (XYZ) reported revenue of $6.6B for the second quarter 2026 (Q2 2026), +9% from a year earlier and +9% from the quarter before.
Was Block profitable in the second quarter 2026?
Operating profit was $447M (6.8% of revenue) and net earnings $87.1M.
Source: Block 10-Q on SEC EDGAR.