Block reported third-quarter gross profit of $3.24 billion, a 22% year-over-year increase, according to its shareholder letter filed with the U.S. SEC. Cash App contributed $2.07 billion in gross profit, rising 27% annually, while Square generated $1.16 billion, up 14%. Bitcoin-related business revenue reached $1.8 billion, but gross profit fell 50% year-over-year to $52 million. Block attributed the decline primarily to reduced Bitcoin transaction fees on Cash App. Adjusted operating income surged 92% to $923 million. The company raised its full-year 2026 gross profit guidance to $12.63 billion, representing a 22% annual increase. Following the earnings release, Block's stock climbed approximately 8% in after-hours trading.