Block raises 2026 guidance despite 31% decline in Bitcoin ecosystem gross profit
Aug 05 2026 20:53 UTC - Editorial Team
➤ Block raised its 2026 gross profit guidance to $12.51 billion despite a 31% decline in Bitcoin ecosystem gross profit due to fee cuts.
➤ Overall company revenue and gross profit saw increases, driven by strong performance in Cash App and Square, which offset the Bitcoin business's decline.
➤ The company reported record operating income margins and increased adjusted earnings per share, signaling positive overall financial health.
Read more at: https://rwatimes.io/articles/cryptobriefing-block-raises-2026-guidance-despite-31-decline-in-bitcoin-ecosystem-gross-profit-1001043034?utm_source=binance
Aug 05 2026 20:53 UTC - Editorial Team
➤ Block raised its 2026 gross profit guidance to $12.51 billion despite a 31% decline in Bitcoin ecosystem gross profit due to fee cuts.
➤ Overall company revenue and gross profit saw increases, driven by strong performance in Cash App and Square, which offset the Bitcoin business's decline.
➤ The company reported record operating income margins and increased adjusted earnings per share, signaling positive overall financial health.
Read more at: https://rwatimes.io/articles/cryptobriefing-block-raises-2026-guidance-despite-31-decline-in-bitcoin-ecosystem-gross-profit-1001043034?utm_source=binance