Q3 FY26 · Ended Sep 30, 2026 · View SEC filing
Gross profit surged, operating profit barely moved
Loss provisions and legal accruals absorbed nearly all of the gross profit gain, leaving operating income up 4.65%.
For investorsWhat has to hold for the lending engine to keep paying
For foundersTurning payment data into a credit product
Block buys the bitcoin it sells, so falling bitcoin sales slowed revenue growth but barely dented gross profit.
Block records expected credit losses when a loan is made, so rapid origination growth front-loads costs ahead of revenue.
Net income rose 22.5% against 4.65% for operating income, lifted by a gain on bitcoin held and a smaller tax bill.
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Business Lens describes Block from its own filings with the SEC. It is not a view on its shares, a target, or advice to buy, sell or hold anything; figures are as filed and may be restated by the company later. The filing is linked above.
