Block Q1 EPS Beats Estimates, Raises Guidance for 62% EPS Growth
Block Inc. reported Q1 EPS of $0.85, topping analyst estimates of $0.68, while revenue came in at $6.057 billion versus a $6.061 billion forecast. The company raised its full-year outlook to 19% gross profit growth and 62% adjusted EPS growth, driving an 8.35% stock surge.
1. Q1 Financial Results
Block delivered Q1 EPS of $0.85, 25% above the $0.68 consensus, while revenue reached $6.057 billion, narrowly below the $6.061 billion estimate.
2. Full-Year Outlook Increase
The company now projects 19% gross profit growth and 62% adjusted diluted EPS growth for 2026, citing stronger payment volumes and a lending portfolio expansion.
3. Stock Reaction
Shares jumped 8.35% in extended trading to $76 following the earnings beat and guidance raise, marking the largest intraday gain since the prior quarter.
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