Filing Flows › Block (XYZ) › Q3 2026
Block (XYZ) Q3 2026 earnings results (third quarter 2026)
10-Q filed Nov 3, 2026
Block (XYZ) reported revenue of $6.7B for the third quarter 2026 (Q3 2026), +10% from a year earlier and +2% from the quarter before. Operating margin was 6.4%, net earnings $564M (8.4% of revenue).
Block, Q3 2026: revenue $6.7B (+10% year over year), operating margin 6.4%, net earnings $564M, operating cash flow $1.0B. The chart follows the revenue to costs, profit and cash.
| Q3 2026 | Amount | Q/Q | Y/Y |
|---|---|---|---|
| Revenue | $6.7B | +2% | +10% |
| Gross profit | $3.2B | +2% | +22% |
| Operating profit | $428M | -4% | +5% |
| Net earnings | $564M | +548% | +22% |
| Operating cash flow | $1.0B | -0.4% | -30% |
| Free cash flow | $972M | — | -31% |
What changed
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.
Questions
What was Block's revenue in the third quarter 2026?
Block (XYZ) reported revenue of $6.7B for the third quarter 2026 (Q3 2026), +10% from a year earlier and +2% from the quarter before.
Was Block profitable in the third quarter 2026?
Operating profit was $428M (6.4% of revenue) and net earnings $564M.
Source: Block 10-Q on SEC EDGAR.