Block reported a gross profit of $3.24 billion in the third quarter and raised its gross profit guidance for 2026.

Block's third-quarter gross profit was $3.24 billion, a 22% year-over-year increase. Cash App's gross profit was $2.07 billion, a 27% year-over-year increase; Square's gross profit was $1.16 billion, a 14% year-over-year increase. Bitcoin-related revenue was $1.8 billion, with a gross profit of $52 million, a 50% year-over-year decrease. Adjusted operating profit was $923 million, a 92% year-over-year increase. Block raised its full-year 2026 gross profit guidance to $12.63 billion, a 22% year-over-year increase. Block's stock price rose approximately 8% in after-hours trading. (Source: The Motley Fool)