Block's shares have risen 5.5% since its second-quarter earnings report, outperforming the S&P 500, as the company beat estimates and raised its full-year outlook. In Q2 2026, Block reported adjusted EPS of $1.02, up 64.5% year over year and above the Zacks Consensus Estimate of 86 cents, while revenues rose 9.3% to $6.62 billion, beating the consensus of $6.54 billion. Growth was driven by Cash App and Square strength, with total Square GPV up 13.4% to $72.85 billion and Cash App gross profit up 31.5% to $1.97 billion. The company raised its full-year 2026 outlook to gross profit of $12.51 billion, implying 21% growth, and adjusted EPS of $4.02, up 70%. Estimates have trended upward over the past month, with the consensus shifting 9.37%, and Block holds a Zacks Rank #3 (Hold) with a VGM Score of A.
Block, IncQ2 beat and raised full-year outlook
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