Block Reports $308.7 Million Net Loss Despite Beating Adjusted Profit Expectations

Block Inc reported a $308.7 million net loss for common stockholders in Q1 2026 but beat adjusted profit expectations on May 8, 2026. The company raised its full-year 2026 gross profit forecast to $12.33 billion from $12.20 billion. Shares rose 7.93% to $75.70 in after-hours trading after closing regular trading at $70.14 on the NYSE, down 0.97%.

Q1 financial results

• ▪Block Inc beat adjusted profit expectations in the first quarter of 2026
• ▪Block Inc reported a net loss of $308.7 million for common stockholders in the first quarter of 2026

Stock market reaction

• ▪Block Inc shares ended regular trading at $70.14 on the NYSE on May 8, 2026, down 0.97%
• ▪Block Inc stock rose 7.93% to $75.70 in after-hours trading on May 8, 2026

2026 profit forecast

• ▪Block Inc's previous full-year 2026 gross profit forecast was $12.20 billion
• ▪Block Inc expects $12.33 billion in full-year gross profit for 2026