Block Q1 earnings beat expectations, full-year adjusted EPS guidance raised

Glonhui May 8｜Fintech company Block announced that its revenue in the first quarter increased by 5% year-on-year to $6.06 billion, slightly better than analysts' expectations of $6.04 billion. Adjusted earnings per share were $0.85, higher than $0.56 a year ago and analysts' expectation of $0.68. Looking ahead to 2026, Block expects adjusted earnings per share to reach $3.85, up from the previous estimate of $3.66 and analysts' expectation of $3.67.