ME News reports that on August 6 (UTC+8), Block Inc. raised its full-year profit guidance on Wednesday, as its quarterly results exceeded expectations, driven by growth in its Square and Cash App businesses. Led by Jack Dorsey, this digital payments company now anticipates $12.5 billion in gross profit, $3.5 billion in adjusted operating income, and $4.02 in adjusted diluted earnings per share for 2026—each metric surpassing Block’s previous guidance. (Source: BlockBeats)
Block Raises Full-Year Profit Guidance to $12.5 Billion in Revenue
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Summary
On August 6, 2026, Block Inc. raised its full-year profit guidance to $12.5 billion in gross profit, citing strong performance from Square and Cash App. The company now forecasts $3.5 billion in adjusted revenue and $4.02 in adjusted diluted earnings per share for 2026. This update comes amid growing interest in on-chain and crypto news, as the firm exceeds earlier projections.
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