Block Q3 Gross Profit $3.24 Billion, Up 22% Year-over-Year

November 4 — According to Block's third-quarter shareholder letter filed with the U.S. SEC, its third-quarter gross profit was $3.24 billion, up 22% year-over-year, of which Cash App gross profit was $2.07 billion, up 27% year-over-year, and Square gross profit was $1.16 billion, up 14% year-over-year. Bitcoin-related business revenue was $1.8 billion with gross profit of $52 million, down 50% year-over-year; Block said this was mainly due to lowering some Bitcoin transaction fees on Cash App. Adjusted operating income was $923 million, up 92% year-over-year. Block raised its full-year 2026 gross profit guidance to $12.63 billion, up 22% year-over-year. According to The Motley Fool, Block's stock rose about 8% at one point in after-hours trading.