Block beats Q1 earnings estimates, raises 2026 profit and EPS growth outlook

Block reported Q1 earnings of 85 cents per share, beating estimates by 25%, with revenue just shy of expectations at $6.057 billion. The company highlighted strong financial performance driven by AI integration and growth in Cash App and Square segments. Block raised its 2026 outlook, expecting 19% gross profit growth and 62% adjusted EPS growth. Shares rose 8.35% in after-hours trading following the report.