Dorsey’s Block raises full-year guidance after ‘strong’ Q1, records $173 million bitcoin remeasurement loss
Block Inc raised full-year guidance after strong Q1 2026 results, posting $2.91 billion gross profit despite a $173 million bitcoin remeasurement loss. Cash App drove growth with 38% profit increase, though bitcoin revenue dropped 31% year-over-year. Adjusted EPS surged 52% to $0.85. The company expects 19% gross profit growth and 62% adjusted EPS growth for 2026, signaling confidence despite crypto headwinds impacting treasury valuations.
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