In its Q3 shareholder letter, filed with the U.S. Securities and Exchange Commission (SEC), Block reported gross profit of $3.24 billion, up 22% from the same period a year earlier. Block raised its full-year 2026 gross profit forecast to $12.63 billion, representing year-over-year growth of 22%. Bitcoin-related gross profit fell 50% year over year to $52 million. Block attributed the decline primarily to lower fees on certain Bitcoin transactions in Cash App. Block shares rose about 8% after hours.