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May 7, 2026 8:01 PM

Block Shares Climb After Q1 Report — Here's Why

Block Inc. (NYSE:XYZ) posted its first-quarter results after Thursday’s closing bell, blowing past analysts’ earnings expectations. Here's a look at the details inside the report. 

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Block Q1 Details       

Block reported quarterly earnings of 85 cents per share, which beat the analyst consensus estimate of 68 cents by 25%, according to Benzinga Pro data. 

Quarterly revenue came in at $6.057 billion, which just missed the Street estimate of $6.061 billion.

Block reported the following first-quarter highlights:

Overall Block gross profit growth accelerated to 27% year over year in the first quarter, with 38% year-over-year growth in Cash App and 9% year-over-year growth in Square.

Commerce Enablement year-over-year ...