Block, Inc.
For the period ended Mar 31, 2026. Filed May 7, 2026.
View on SEC.govAbout this filing
A company's report for each of its first three quarters. The financial statements are not audited. It shows how the business has moved since the last annual report, and what management says changed.
Mar 31, 2026 · Filed May 7, 2026
XYZ$85.58-3.4%Stored close · as of Nov 10, 2026
Extracted filing text, with the paragraph anchors used by the comparison.
See the whole filing, with its images and exhibitsContents
Condensed Consolidated Statements of Operations (unaudited)
CONDENSED CONSOLIDATED STATEMENTS OF OPERATIONS
(In thousands, except per share data)
| Three Months EndedMarch 31, | ||
|---|---|---|
| 2026 | 2025 | |
| Revenue: | ||
| Commerce enablement revenue | $2,938,470 | $2,566,975 |
| Financial solutions revenue | 1,321,985 | 875,011 |
| Bitcoin ecosystem revenue | 1,796,392 | 2,329,810 |
| Total net revenue | 6,056,847 | 5,771,796 |
| Cost of revenue: | ||
| Commerce enablement costs | 1,317,459 | 1,152,200 |
| Financial solutions costs | 89,375 | 77,922 |
| Bitcoin ecosystem costs | 1,727,957 | 2,237,397 |
| Amortization of acquired technology assets | 12,817 | 14,674 |
| Total cost of revenue | 3,147,608 | 3,482,193 |
| Gross profit | 2,909,239 | 2,289,603 |
| Operating expenses: | ||
| Product development | 1,038,873 | 760,699 |
| Sales and marketing | 650,508 | 504,460 |
| General and administrative | 857,564 | 491,797 |
| Transaction, loan, and consumer receivable losses | 500,125 | 169,689 |
| Amortization of customer and other acquired intangible assets | 34,159 | 33,656 |
| Total operating expenses | 3,081,229 | 1,960,301 |
| Operating income (loss) | (171,990) | 329,302 |
| Interest expense, net | 53,195 | 17,243 |
| Remeasurement loss on bitcoin investment | 172,818 | 93,351 |
| Other income, net | (5,426) | (8,342) |
| Income (loss) before income tax | (392,577) | 227,050 |
| Provision for (benefit from) income taxes | (83,982) | 38,328 |
| Net income (loss) | (308,595) | 188,722 |
| Less: Net income (loss) attributable to noncontrolling interests | 86 | (1,150) |
| Net income (loss) attributable to common stockholders | $(308,681) | $189,872 |
| Net income (loss) per share attributable to common stockholders: | ||
| Basic | $(0.52) | $0.31 |
| Diluted | $(0.52) | $0.30 |
| Weighted-average shares used to compute net income (loss) per share attributable to common stockholders: | ||
| Basic | 597,586 | 619,370 |
| Diluted | 597,586 | 635,342 |
The text of this filing, as the company filed it with the SEC, without its images or exhibits. This is not investment advice.