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Update: Block Q2 Adjusted Earnings, Total Net Revenue Up; Shares Fall 3%

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(Updates to add stock movement in the headline and the last paragraph)

Block (ASX:XYZ) logged $1.02 in adjusted EPS for the second quarter, compared with $0.62 a year ago, a Thursday filing showed.

Analysts polled by FactSet expected earnings of $0.87.

For the three months ended June 30, total net revenue was $6.62 billion versus $6.05 billion previously, the Australia-listed global technology and financial services company added.

Analysts surveyed by FactSet expected $6.47 billion.

The company raised its 2026 guidance, now expecting gross profit of $12.51 billion, up 21% year over year.

It also forecasts adjusted operating income of $3.47 billion with a 28% margin, up 67% year over year, and adjusted EPS of $4.02, representing 70% year-over-year growth.

Analysts polled by FactSet expect 2026 earnings of $3.9.

The company's shares fell around 3% in recent Thursday trade.

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