Filing Flows › Block (XYZ) › Q3 2026 › vs Q3 2025
Block (XYZ) Q3 2026 vs Q3 2025 (year over year)
Block's revenue rose $604M (+10%) from $6.1B in Q3 2025 to $6.7B in Q3 2026. The biggest changes: Commerce enablement revenue +$477M (+16%); Financial solutions revenue +$345M (+31%); Bitcoin ecosystem revenue −$217M (-11%). Gross margin 48.1% against 43.5% (+4.6 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 Q3 2025, the increases inside each band.
Margins
| Q3 2026 | Q3 2025 | Change | |
|---|---|---|---|
| Gross margin | 48.1% | 43.5% | +4.6 pts |
| Operating margin | 6.4% | 6.7% | -0.3 pts |
| Net margin | 8.4% | 7.5% | +0.8 pts |
| Free cash flow margin | 14.5% | 22.9% | -8.4 pts |
Every line
| Line | Q3 2026 | Q3 2025 | Change | % |
|---|---|---|---|---|
| Commerce enablement revenue | $3.5B | $3.0B | $477M | +16% |
| Bitcoin ecosystem revenue | $1.8B | $2.0B | −$217M | -11% |
| Financial solutions revenue | $1.4B | $1.1B | $345M | +31% |
| Revenue | $6.7B | $6.1B | $604M | +10% |
| Gross profit | $3.2B | $2.7B | $574M | +22% |
| Cost of revenue | $3.5B | $3.5B | $30.7M | +0.9% |
| Other income, net | $184M | $192M | −$8.1M | -4% |
| Operating profit | $428M | $409M | $19.1M | +5% |
| Operating expenses | $2.8B | $2.3B | $555M | +25% |
| Pre-tax earnings | $612M | $602M | $11.0M | +2% |
| Research & development | $636M | $711M | −$75.6M | -11% |
| Sales & marketing | $688M | $599M | $88.6M | +15% |
| General & admin | $847M | $544M | $303M | +56% |
| Other operating costs | $636M | $398M | $238M | +60% |
| Net earnings | $564M | $462M | $103M | +22% |
| Income tax | $48.4M | $140M | −$91.6M | -65% |
| Depreciation & amortization | $91.1M | $92.1M | −$999K | -1% |
| Share-based compensation | $273M | $309M | −$36.6M | -12% |
| Working capital & other | $88.1M | $588M | −$500M | -85% |
| Operating cash flow | $1.0B | $1.5B | −$435M | -30% |
| Free Cash Flow (company-reported) | $972M | $1.4B | −$428M | -31% |
| Purchase of property and equipment | $44.0M | $51.0M | −$7.0M | -14% |
Questions
How much did Block's revenue grow year over year in Q3 2026?
Block's revenue rose $604M (+10%) from $6.1B in Q3 2025 to $6.7B in Q3 2026.
What drove Block's revenue change in Q3 2026?
Commerce enablement revenue +$477M (+16%); Financial solutions revenue +$345M (+31%); Bitcoin ecosystem revenue −$217M (-11%).