Filing Flows › Block (XYZ) › Q3 2026 › vs Q2 2026
Block (XYZ) Q3 2026 vs Q2 2026 (quarter over quarter)
Block's revenue rose $102M (+2%) from $6.6B in Q2 2026 to $6.7B in Q3 2026. The biggest changes: Commerce enablement revenue +$134M (+4%); Bitcoin ecosystem revenue −$89.9M (-5%); Financial solutions revenue +$57.3M (+4%). Gross margin 48.1% against 47.8% (+0.3 pts).
Block, Q3 2026: revenue $6.7B (+10% year over year), operating margin 6.4%, net earnings $564M, operating cash flow $1.0B. The chart draws each line against Q2 2026, the increases inside each band.
Margins
| Q3 2026 | Q2 2026 | Change | |
|---|---|---|---|
| Gross margin | 48.1% | 47.8% | +0.3 pts |
| Operating margin | 6.4% | 6.8% | -0.4 pts |
| Net margin | 8.4% | 1.3% | +7.1 pts |
Every line
| Line | Q3 2026 | Q2 2026 | Change | % |
|---|---|---|---|---|
| Commerce enablement revenue | $3.5B | $3.3B | $134M | +4% |
| Bitcoin ecosystem revenue | $1.8B | $1.9B | −$89.9M | -5% |
| Financial solutions revenue | $1.4B | $1.4B | $57.3M | +4% |
| Revenue | $6.7B | $6.6B | $102M | +2% |
| Gross profit | $3.2B | $3.2B | $69.2M | +2% |
| Cost of revenue | $3.5B | $3.5B | $32.5M | +0.9% |
| Other income, net | $184M | −$145M | $329M | — |
| Operating profit | $428M | $447M | −$18.4M | -4% |
| Operating expenses | $2.8B | $2.7B | $87.6M | +3% |
| Pre-tax earnings | $612M | $301M | $311M | +103% |
| Research & development | $636M | $609M | $26.9M | +4% |
| Sales & marketing | $688M | $665M | $22.9M | +3% |
| General & admin | $847M | $826M | $21.6M | +3% |
| Other operating costs | $636M | $620M | $16.1M | +3% |
| Net earnings | $564M | $87.1M | $477M | +548% |
| Income tax | $48.4M | $214M | −$166M | -77% |
| Depreciation & amortization | $91.1M | $95.1M | −$3.9M | -4% |
| Share-based compensation | $273M | $260M | $13.0M | +5% |
| Working capital & other | $88.1M | $578M | −$490M | -85% |
| Operating cash flow | $1.0B | $1.0B | −$3.7M | -0.4% |
Questions
How much did Block's revenue grow quarter over quarter in Q3 2026?
Block's revenue rose $102M (+2%) from $6.6B in Q2 2026 to $6.7B in Q3 2026.
What drove Block's revenue change in Q3 2026?
Commerce enablement revenue +$134M (+4%); Bitcoin ecosystem revenue −$89.9M (-5%); Financial solutions revenue +$57.3M (+4%).