Block, Inc. (XYZ) has seen a 24.9% increase in its stock price over the past three months, significantly outperforming the industry’s 0.4% rise. The fintech company reported a first-quarter 2026 gross profit growth of 27% year-over-year, totaling $2.91 billion, and raised its full-year gross profit guidance to $12.33 billion, indicating a projected 19% year-over-year growth.
In terms of segment performance, Cash App gross profit rose 38% to $1.91 billion, while monthly transacting actives reached 59 million, up 4% year-over-year. Simultaneously, the Square segment reported a 9% increase in gross profit to $982 million, with gross payment volume growing 13% to $61.2 billion. Consumer lending origination volume also surged by 82% year-over-year, totaling $17.6 billion in Q1 2026.
Management anticipates continued growth in 2026 for both segments while acknowledging potential risks tied to market competition and the economic sensitivity of its smaller business clients. The rising trends in Block’s operational metrics highlight a strong outlook for the near term.
5 Stocks Our Experts Predict Could Double In the Next Year
By submitting your email, you'll also get a free pivot & flow membership. A free daily market overview. You can unsubscribe at any time.
