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Block's sales and profit grew last quarter, with gross profit up 22% from last year.

ResultsRead the original at Benzinga
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Block reported growth in gross profit, operating income and per-share profit, and raised its 2026 outlook. Square's fourth-quarter growth is expected to track payment volume, but gains across both businesses support a stronger outlook.

XYZ · Block Inc.

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Growth came from both Square and Cash App, and U.S. Square payment-volume growth also picked up. Higher operating income and per-share profit show that gains reached more than sales. Square's fourth-quarter gross profit is expected to grow roughly in line with payment volume, but the broad gains across the quarter support a stronger outlook.

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