Filing Flows › Block (XYZ) › How it makes money
How Block (XYZ) makes money
Block (XYZ) made $6.7B of revenue in the third quarter 2026 (Q3 2026), +10% from a year earlier. Commerce enablement revenue brought in $3.5B (52%); Bitcoin ecosystem revenue brought in $1.8B (27%); Financial solutions revenue brought in $1.4B (21%). Of every dollar of revenue, 48¢ was left as gross profit, 6¢ was left as operating profit, 8¢ was left as net earnings.
Drawing the Sankey…
Revenue by segment, Q3 2026
| Segment | Revenue | Share | Q/Q | Y/Y |
|---|---|---|---|---|
| Commerce enablement revenue | $3.5B | 51.7% | +4% | +16% |
| Bitcoin ecosystem revenue | $1.8B | 26.8% | -5% | -11% |
| Financial solutions revenue | $1.4B | 21.4% | +4% | +31% |
Where each dollar of revenue goes
| Line | Q3 2026 | % of revenue |
|---|---|---|
| Revenue | $6.7B | 100.0% |
| Cost of revenue | $3.5B | 51.9% |
| Gross profit | $3.2B | 48.1% |
| Operating expenses | $2.8B | 41.8% |
| Operating profit | $428M | 6.4% |
| Income tax | $48.4M | 0.7% |
| Net earnings | $564M | 8.4% |
| Operating cash flow | $1.0B | 15.1% |
| Free cash flow | $972M | 14.5% |
Revenue, quarter by quarter
| Quarter | Revenue | Y/Y |
|---|---|---|
| Q3 2026 | $6.7B | +10% |
| Q2 2026 | $6.6B | +9% |
| Q1 2026 | $6.1B | +5% |
| Q4 2025 | $6.3B | +4% |
| Q3 2025 | $6.1B | +2% |
| Q2 2025 | $6.1B | -2% |
| Q1 2025 | $5.8B | -3% |
From Block's 10-Q filed Nov 3, 2026 (on EDGAR).
Questions
How does Block make money?
Block (XYZ) made $6.7B of revenue in the third quarter 2026 (Q3 2026), +10% from a year earlier. Commerce enablement revenue brought in $3.5B (52%); Bitcoin ecosystem revenue brought in $1.8B (27%); Financial solutions revenue brought in $1.4B (21%). Of every dollar of revenue, 48¢ was left as gross profit, 6¢ was left as operating profit, 8¢ was left as net earnings.
What is Block's biggest business?
Commerce enablement revenue: $3.5B in the third quarter 2026, 52% of revenue, +16% from a year earlier.
What is Block's profit margin?
Net earnings were $564M, 8.4% of revenue, in the third quarter 2026; the operating margin was 6.4%.
Updated Nov 8, 2026. Read automatically from SEC filings and public data; errors are possible. Not investment advice.