Block reported third-quarter gross profit of $3.24 billion, up 22% year over year. According to Odaily, the figures came from a shareholder letter Block filed with the U.S. Securities and Exchange Commission. Cash App gross profit rose 27% to $2.07 billion, while Square gross profit increased 14% to $1.16 billion. Bitcoin-related revenue was $1.8 billion, but gross profit fell 50% to $52 million; Block attributed the decline mainly to lower fees on some Cash App bitcoin transactions. Adjusted operating profit increased 92% to $923 million. Block raised its 2026 full-year gross profit guidance to $12.63 billion, up 22% year over year. Its shares rose about 8% at one point in after-hours trading.