Short answer
Block, Inc. (XYZ) filed its Q1 2026 10-Q quarterly report on May 7, 2026 for the quarter ended Mar 31, 2026. Quarterly revenue was $6.1B (up 4.9% year over year) with net income of −$309M.
Q1 2026 key financials · XBRL
- Revenue
- $6.1B
- +4.9% YoY
- Net income
- −$309M
- −262.6% YoY
- Operating margin
- -2.8%
- Gross margin
- 48.0%
- EPS (diluted)
- −$0.52
- −273.3% YoY
Source: XBRL data from the Block, Inc. (XYZ) Q1 2026 10-Q on SEC EDGAR. USD.
Block, Inc. Q1 2026 10-Q analysis
AI summary of MD&A and risk factor updates
Management Discussion & Analysis
- Revenue $6.06B, up 5% YoY from $5.77B; excluding bitcoin, up 24% to $4.26B
- Gross profit $2.9B, up 27% YoY; operating margin -2.8% vs 5.7% YoY
- Cash App best performer: gross profit $1.91B, up 38%; Cash App Borrow revenue up $369.4M
- Bitcoin ecosystem worst performer: revenue $1.80B, down 23%; gross profit contribution 2% vs 4% YoY
- Available liquidity $9.1B; $636.0M share repurchases and $800M-$900M expected annualized net savings from workforce reductions
Risk Factors
- New risk: February 2026 workforce reduction and reorganization increased reliance on proactive intelligence and AI tools
- Most materially updated: Reduced workforce may cause control failures, service interruptions, employee attrition, and delayed product development
- Regulatory risk: AI deployment may trigger evolving compliance requirements, regulatory inquiries, investigations, enforcement actions, and penalties
- Competitive risk: Intensifying payments, banking, and BNPL competition may erode market share and reduce gross profit
- Financial risk: Bitcoin revenue and investments remain exposed to volatile bitcoin prices, potentially distorting growth and causing losses
Generated from the filing text; verify against the original. 10-K vs 10-Q vs 8-K
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