Block quarterly profit jumps on resilient consumer spending

Block

07/05/2026 21:09

May 7 (Reuters) - Jack Dorsey-led Block XYZ.N reported a jump in first-quarter profit on Thursday, lifted by resilient consumer spending.

Adjusted profit was $513 million, or 85 cents per share, in the three months ended March 31, compared with $355 million, or 56 cents per share a year earlier.

 (Reporting by Arasu Kannagi Basil in Bengaluru; Editing by Tasim Zahid)

 ((ArasuKannagi.Basil@thomsonreuters.com;))