Form 8-K

8-K — Block, Inc.

Accession: 0001193125-26-212032

Filed: 2026-05-07

Period: 2026-05-07

CIK: 0001512673

SIC: 7372 (SERVICES-PREPACKAGED SOFTWARE)

Item: Results of Operations and Financial Condition

Item: Financial Statements and Exhibits

Documents

8-K — d132441d8k.htm (Primary)

EX-99.1 (d132441dex991.htm)

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8-K

8-K (Primary)

Filename: d132441d8k.htm · Sequence: 1

8-K

false 0001512673 0001512673 2026-05-07 2026-05-07

UNITED STATES

SECURITIES AND EXCHANGE COMMISSION

Washington, D.C. 20549

FORM 8-K

CURRENT REPORT

Pursuant to Section 13 or 15(d)

of The Securities Exchange Act of 1934

Date of Report (Date of earliest event reported): May 7, 2026

Block, Inc.

(Exact name of registrant as specified in its charter)

Delaware

001-37622

80-0429876

(State or other jurisdiction

of incorporation)

(Commission

File Number)

(IRS Employer

Identification No.)

1955 Broadway, Suite 600

Oakland, CA 946121

(Address of principal executive offices, including zip code)

(415) 375-3176

(Registrant’s telephone number, including area code)

Not Applicable

(Former name or former address, if changed since last report)

Check the appropriate box below if the Form 8-K filing is intended to simultaneously satisfy the filing obligation of the registrant under any of the following provisions (see General Instruction A.2. below):

☐

Written communications pursuant to Rule 425 under the Securities Act (17 CFR 230.425)

☐

Soliciting material pursuant to Rule 14a-12 under the Exchange Act (17 CFR 240.14a-12)

☐

Pre-commencement communications pursuant to Rule 14d-2(b) under the Exchange Act (17 CFR 240.14d-2(b))

☐

Pre-commencement communications pursuant to Rule 13e-4(c) under the Exchange Act (17 CFR 240.13e-4(c))

Securities registered pursuant to Section 12(b) of the Act:

Title of each class

Trading

Symbol(s)

Name of each exchange

on which registered

Class A Common Stock, $0.0000001 par value per share

XYZ

New York Stock Exchange

Indicate by check mark whether the registrant is an emerging growth company as defined in Rule 405 of the Securities Act of 1933 (§230.405 of this chapter) or Rule 12b-2 of the Securities Exchange Act of 1934 (§240.12b-2 of this chapter).

Emerging growth company ☐

If an emerging growth company, indicate by check mark if the registrant has elected not to use the extended transition period for complying with any new or revised financial accounting standards provided pursuant to Section 13(a) of the Exchange Act. ☐

1 We have adopted a distributed work model and, therefore, have no formal headquarters. This address represents our “principal executive office,” which we are required to identify under Securities and Exchange Commission rules.

Item 2.02

Results of Operations and Financial Condition.

On May 7, 2026, Block, Inc. (the “Company”) issued a Shareholder Letter (the “Letter”) announcing its financial results for the first quarter ended March 31, 2026. In the Letter, the Company also announced that it would be holding a conference call and earnings webcast on May 7, 2026 at 2:00 p.m. Pacific Time to discuss its financial results for the first quarter ended March 31, 2026. The Letter is furnished as Exhibit 99.1 to this Current Report on Form 8-K (this “Report”).

The Company is making reference to non-GAAP financial information in both the Letter and the conference call. A reconciliation of these non-GAAP financial measures to their nearest GAAP equivalents is provided in the Letter.

The information furnished pursuant to Item 2.02 on this Report, including Exhibit 99.1 attached hereto, shall not be deemed “filed” for purposes of Section 18 of the Securities Exchange Act of 1934, as amended (the “Exchange Act”), or otherwise subject to the liabilities of that section, nor shall it be deemed incorporated by reference into any other filing under the Securities Act of 1933, as amended, or the Exchange Act, except as expressly set forth by specific reference in such a filing.

Item 9.01

Financial Statements and Exhibits.

(d) Exhibits

Exhibit

No.

Description

99.1

Shareholder Letter, dated May 7, 2026.

104

Cover Page Interactive Data File, formatted in inline XBRL.

SIGNATURES

Pursuant to the requirements of the Securities Exchange Act of 1934, the registrant has duly caused this report to be signed on its behalf by the undersigned hereunto duly authorized.

BLOCK, INC.

Date: May 7, 2026

By:

/s/ Chrysty Esperanza

Chrysty Esperanza

Chief Legal Officer and Corporate Secretary

EX-99.1

Filename: d132441dex991.htm · Sequence: 2

EX-99.1

Exhibit 99.1

Q1 2026

Shareholder Letter

investors.block.xyz

To Our Shareholders

We continued to deliver strong financial performance in the first quarter as AI became more central to how Block operates and what we build for

customers. We exceeded our guidance across gross profit, Adjusted Operating Income, and Adjusted EPS. We are raising our full year outlook and now expect gross profit growth of 19% in 2026, along with margin expansion and Adjusted Diluted EPS growth

of 62%.

In my last letter, I shared that AI tools have changed what it

means to build and run a company. A significantly smaller team, using the tools we are building, can do more and do it better. We were early and deliberate in this strategy. In early 2024, we began developing goose, which was the first agentic

harness to enable foundation models to execute work across an enterprise. That work is now changing how Block runs.

Velocity continues to increase. As of mid-April, production code changes per engineer are up over 2.5x

compared to January. A combination of our AI investments and our broader focus on reliability are also driving tangible improvements in quality: incident rates after a production code change were down over 70% in the first quarter of 2026 compared

to the first quarter of 2025, and down over 40% relative to the fourth quarter of 2025. In the two months since our organizational change, incident rates have continued to improve compared to the beginning of the first quarter.

One example is Builderbot. Large codebases get harder to change safely as

companies scale. Builderbot helps protect our codebase by evaluating proposed changes against a broader view of our systems, so teams can move faster without creating avoidable complexity. In the first two weeks of April, Builderbot and other AI

tools reviewed over 90% of production code change requests that were made. As of early April, Builderbot is executing over 200,000 operations per day and is making 15% of our production code changes nearly fully autonomously, with people only

intervening to make the final decision to push to production.

The same

shift is beginning to show up in our customer products. Moneybot is now live across Cash App and Managerbot is available to over 1 million sellers, with general availability in the U.S. expected in June. Moneybot helps customers spot and act on

patterns that can erode their financial lives, like forgotten subscriptions, spending that drifts from their goals, or timing gaps between income and bills. Managerbot helps sellers see issues earlier, like food costs creeping up, staffing costs

rising faster than revenue, or vendor and menu costs getting out of sync.

These products are examples of what we mean by protectors. Most AI products today are assistants or advisors: a human asks, AI answers. We think the

next step is AI that is proactive. A protector watches for patterns, identifies risks or opportunities, and prompts customers or sellers to act before small issues become bigger ones.

Q1’26 Highlights1

Gross Profit

$2.91B

+27% YoY Growth

Cash App Gross Profit

$1.91B

+38% YoY Growth

Square Gross Profit

$982M

+9% YoY Growth

Operating Income

(Loss)

$(172)M

(6)% Margin2

Adjusted

Operating Income3

$728M

25% Margin

Diluted Net Income

(Loss) Per Share

(“EPS”)

$(0.52)

Adjusted Diluted EPS4

$0.85

1 Reconciliations of non-GAAP financial measures used in this letter to their nearest GAAP equivalents are provided at the end of this letter. Please see these

reconciliations for additional detail and a description of certain items that affected operating income (loss) and net income (loss) in the first quarter of 2026.

2 Margins are all calculated as a percent of gross profit.

3 Adjusted Operating Income is a non-GAAP measure of

operating performance and the profitability of our business, fully burdened by share-based compensation. For more information, please refer to the “Key Operating Metrics and Non-GAAP Financial

Measures” section of this letter.

4 Adjusted Diluted EPS is a non-GAAP measure of profitability of our business. Beginning in fiscal 2025, we revised our definition of Adjusted Net Income Per Share to include share-based compensation. For more information, please refer to the

“Key Operating Metrics and Non-GAAP Financial Measures” section of this letter.

Early usage gives us conviction that proactive intelligence can drive customer value. What we are seeing among early

customers of Moneybot and Managerbot is that agency matters. When AI helps a customer take an action, they return at dramatically higher rates than when it merely informs. Moneybot’s suggestion prompts and Managerbot’s insight-led sessions both materially outperform open-ended chat, showing that customers value when these products surface the insights that matter most.

Discovery matters too. Both products perform best when they show up in context instead of waiting for a customer or seller to go looking for them. As we move to general

availability, Moneybot and Managerbot are evolving to be always on, working within Cash App and Square, and proactively recommending the next best action.

Block has

two advantages here. First, because we are remote-first, decisions, code, designs, and progress are recorded and machine readable, giving AI a useful operating model to learn from and act on. Second, our products give us permissioned financial

context across both sides of commerce: how people earn, spend, save, borrow, and run their businesses, and how sellers accept payments, manage staff, use banking tools, access credit, and run payroll. That context compounds over time and is

difficult to assemble.

Our roadmap is differentiated because it connects AI directly to the financial decisions customers and sellers already make every day.

Internally, AI is helping us move faster and improve quality. Externally, it is helping us build products that act earlier for customers and sellers. We are building tools that absorb complexity for people rather than just helping them manage it.

That is the shift we believe few companies are ready to deliver. We are.

Business Highlights

AI is transforming how and what we build.

As of early

April, 100% of Block employees are using AI tools to do their work. One of these tools is Builderbot, which serves as both a multiplier for employees and an end to end automation layer, embedded across our engineering workflows, automating support,

reviewing code changes, and initiating production-ready builds. The infrastructure enabling our increasing engineering velocity is the foundation for Moneybot and Managerbot, the proactive intelligence tools we’re building into the core

interfaces of Cash App and Square.

We believe our focus on building proactive intelligence tools is differentiated and early adoption of Managerbot and Moneybot

shows sellers and customers value when bots take action: approximately 70% of conversations on both Managerbot and Moneybot are initiated through proactive prompts. Sellers are 33% more likely to return to Managerbot if they experience an insight-led session and Cash App customers are 5x more likely to return to Moneybot after taking a recommended action, making insight-led engagement a strong predictor of

continued Managerbot and Moneybot use. Our most engaged Moneybot customers are taking actions to track spending, set up savings goals, and analyze transaction history while our most engaged Managerbot sellers are looking to update and create catalog

items and build marketing campaigns. Moneybot customers are requesting automations before the feature ships while sellers using Managerbot are asking for cross-workflow intelligence that aligns with our roadmap. Our focus is on designing these

products to deliver in-context insights while supporting automation for our customers.

Neighborhoods

is beginning to take hold in local communities.

Our pace of scaling Neighborhoods, our loyalty, discovery and rewards experience that connects Square sellers

with consumers, accelerated into April as we introduced auto-enrollment and expanded Local Cash redemption to in-store purchases. As of March, we’ve scaled Neighborhoods to sellers representing

$320 million in annualized gross payment volume (GPV), up 190% from December. Over the month of April alone we added more sellers to Neighborhoods than we did in the entire history of the product previously.

We’ve organized Neighborhoods around the concept of a follower: a consumer building a direct, first-party relationship with a Square seller to earn rewards and

support their favorite local businesses, all within Cash App. This model is driving meaningful engagement: in April, we crossed 100K Cash App accounts following at least one seller on Neighborhoods, over 50% of whom were not active on Cash App in

the 30 days prior to signing up. Total followers grew 94% between December and March, and we expect followers to continue to scale meaningfully as we expand the availability of Neighborhoods to more sellers. On average in our early testing cohorts,

we’ve seen sellers reach over 1,000 followers in their first year on the platform, and on average, we’ve seen spend from followers reach 10% of seller GPV after three quarters on Neighborhoods. During Q1, followers transacted 50% more

often than non-followers, and we’re giving Square sellers the tools to interact with and engage these critical customers.

Cash App Green is expanding our reach and deepening engagement. We ended March with 9.7 million Primary Banking Actives (PBAs)5, up 18% year over year.

Cash App Green, our status program, is helping drive Cash App

deeper into new geographies by reaching customers in markets where our network is still developing. New Cash App Green cohorts skew younger: we estimate the average age of a Cash App Green Active is 34, compared to a median age of over 50 for

traditional banking customers in the U.S. Our Cash App Green program reflects our focus on the modern earner, a growing segment of the workforce that earns income from multiple dynamic sources including hourly wages, gig work, freelancing, and

entrepreneurship. Primary Banking Actives growth remained strong, helping drive continued strong Cash App Card performance in the first quarter. Cohorts engaged with Cash App Green show sustained improvements in retention, particularly among those

actively using Cash App Green benefits.

5 Square and Cash App are financial services platforms, not banks. Throughout this letter, any reference to Square or Cash App’s banking offerings or terms such as “primary banking actives”

refer to products and services that are offered through Block’s Industrial Bank, Square Financial Services, Inc., or through our third-party bank partners. A transacting active is a Cash App account that has at least one financial transaction

using any product or service within Cash App during a specified period. A transacting active for a specific Cash App product has at least one financial transaction using that product during the specified period and is referred to as an active.

Examples of transactions include sending or receiving a peer-to-peer payment, transferring money into or out of Cash App, making a purchase using Cash App Card, earning

a dividend on a stock investment, and paying back a loan, among others. Certain of these accounts may share an alias identifier with one or more other transacting active accounts. This could represent, among other things, one customer with multiple

accounts or multiple customers sharing one alias identifier (for example, families). A Primary Banking Active (PBA) is a Cash App account that receives inflows from ACH or certain original credit transactions relating to earned wages, excluding tax

refunds and ACH transfers, or spent at least $500 per month across Cash App, including Cash App Card, Cash App Pay, Afterpay through Cash App, and ACH bill pay during a specified period.

In April, we expanded our banking functionality further into the next generation by introducing Cash App managed

accounts for kids, a parent-sponsored experience for children ages 6-12. Approximately half of parents on Cash App today already use the platform to manage their children’s finances, and Cash App managed

accounts for kids will now provide the opportunity for children to earn up to 3.25% interest on savings, receive money from trusted contacts, and design their own Cash App Card with oversight from a parent or legal guardian. This experience is built

with trust and safety as a critical principle, including parental controls, curated contact permissions, and safeguards designed for age-appropriate financial access.

Consumer Lending Origination volume growth, which includes originations from Cash App Borrow and our BNPL products, accelerated to 82% year over

year in the first quarter while maintaining healthy risk loss outcomes across new and mature cohorts.

Borrow originations nearly tripled year over year as we

continued to expand eligibility into Cash App Green cohorts while increasing originations per active and maintaining strong risk loss performance. Afterpay Post-Purchase also remained on a strong growth trajectory and, through the first quarter,

continued to exceed the early growth curve of Borrow. We observed customers who use both Borrow and Afterpay Post-Purchase demonstrating stronger repayment rates than customers who adopt just one product. In February, we began piloting Afterpay Pre-Purchase and are seeing strong early attach rates and in April we launched Afterpay for P2P transactions, marking another milestone in extending credit to our customers.

We’ve built proprietary credit infrastructure that spans our consumer credit products and meets customers across the key financial moments in their lives. This

foundation has driven strong performance across our lending portfolio, and in May, extended the reach of our credit platform further as we began making Cash App Score visible to customers. Early data has been encouraging, with 80% of customers in

testing reporting they took at least one of our recommended actions to improve their score. We expect to increase transparency and engagement by showing tangible steps for customers to improve their Cash App Score, providing greater incentive for

customers to bring more of their financial lives onto Cash App and giving us the ability to assess creditworthiness more holistically. Over time, we expect this dynamic to compound, strengthening both customer outcomes and the depth of our customer

relationships.

We continued to scale Square distribution across geographies and channels, and accelerated GPV growth to 13% in the first

quarter.

U.S. New Volume Added (NVA) sustained strong growth in the first quarter, reflecting high ROI field sales investments made throughout 2025.6 We continued to see strong marginal ROIs on field sales and expanded our field sales team further in the first quarter, both in the U.S. and internationally. Beyond field sales, early results from

over 140 independent sales organization (ISO) partnerships exceeded our expectations, with over 200% quarter over quarter growth in the number of new sellers coming onto Square from ISO partners in Q1. We continued to see healthy self-onboard NVA

growth in the first quarter and International NVA growth was strong, driven by the expansion of our international field sales team.

Our product innovation and focus

on expanding distribution have helped us win more large, upmarket sellers, including Steak Escape, a quick service restaurant (QSR) franchise with more than 20 locations that is rolling out Square across drive-through, kiosk, and in-store channels to replace a fragmented tech stack with our unified commerce platform. We also announced our partnership with GOLFTEC, the world’s largest provider of golf lessons and premium club fittings,

who selected Square to power its payments and commerce infrastructure across 200+ U.S. locations.

6 New Volume Added (NVA) is the total gross payment volume (GPV) processed, or expected to be

processed, by new sellers during their first 12 months on Square. While intended to represent incremental volume from new cohorts, it may also include GPV from existing sellers in cases such as new locations or event-based merchant tokens. For the

purpose of this letter, figures exclude deactivated merchants.

Financial Discussion

We delivered another strong quarter, as year-over-year gross profit growth accelerated to 27% and Adjusted Operating Income margin reached an all

time high of 25%. Adjusted Operating Income grew by 56% year over year and Adjusted Diluted EPS grew by 52% year over year, reflecting continued strong execution as we seek to make intelligence central to how we operate. Cash App Commerce Enablement

volume growth accelerated to 18%, Consumer Lending origination volume growth accelerated to 82%, and PBAs grew 18% year over year to 9.7 million in March.7 Square GPV

growth accelerated to 13%, and we sustained strong NVA growth in the first quarter.8 We are raising our full-year guidance to reflect our strong execution and increased

expectations for the remainder of the year. We now expect year-over-year gross profit growth of 19% in 2026, along with 27% Adjusted Operating Income margin and Adjusted Diluted EPS growth of 62%.

First Quarter 2026 Financial Highlights

Gross Profit

We outperformed our gross profit guidance, growing 27% year over year in the first quarter with gross profit growth accelerating

across both Cash App and Square.

Profitability

We outperformed our Adjusted Operating Income guidance in the first quarter. Operating loss was $172 million while Adjusted

Operating Income grew to a record $728 million. Net loss attributable to common stockholders was $309 million and Adjusted EBITDA was a record $1.0 billion. GAAP diluted net loss per share was $0.52, while Adjusted Diluted EPS grew

52% to a record $0.85.

Cash App Commerce Enablement and Consumer Lending Origination Volume

In the first quarter, Cash App Commerce Enablement volume growth accelerated to 18% year over year driven by strength in Cash App Card

and accelerating BNPL volume growth. Cash App Consumer Lending origination volume growth accelerated to 82% year over year driven by strength in Cash App Borrow, where we saw 175% growth in origination volume as we sustained healthy risk loss

performance.

Square Gross Payment Volume (GPV)

In the first quarter, Square GPV grew 13% and 11.5% year over year on a reported and constant currency basis, respectively, with U.S.

GPV growing 8.2% year over year and International GPV growing 35% year over year (26% in constant currency).

Guidance

We are raising our guidance to reflect the strength we are seeing across our business. We now expect $12.33 billion in gross profit

for 2026, reflecting growth of over 19% year over year. We expect full year Adjusted Operating Income of $3.34 billion, or 27% margin, growing 60% year over year, and we expect Adjusted Diluted EPS growth of 62%, to $3.85. We expect gross profit in

the second quarter to grow 20% year over year to $3.04 billion with Adjusted Operating Income of $740 million, for Adjusted Operating Income margins of 24%.

7 Commerce Enablement volume includes GPV from Cash App Card, Cash App Pay, BNPL products, and Cash App Business.

8 Square GPV is defined as the total dollar amount of all card and bank

payments processed by sellers using Square, net of refunds.

Block Financial Metrics

Q1’25

Q2’25

Q3’25

Q4’25

Q1’26

Revenue ($M)

5,772

6,054

6,115

6,252

6,057

Commerce Enablement

2,567

2,898

2,999

3,050

2,938

Financial Solutions

875

985

1,095

1,222

1,322

Bitcoin Ecosystem

2,330

2,172

2,021

1,980

1,796

Gross Profit

($M)9

2,290

2,537

2,662

2,872

2,909

YoY Growth

14%

18%

24%

27%

Commerce

Enablement10

1,400

1,530

1,552

1,623

1,608

YoY Growth

11%

15%

Financial Solutions

797

902

1,006

1,132

1,233

YoY Growth

16%

20%

34%

51%

55%

Bitcoin Ecosystem

105

104

118

YoY Growth

(19

10%

(26)%

Overall Block gross profit growth accelerated to 27% year over year in the first quarter, with 38% year-over-year growth in Cash App and 9%

year-over-year growth in Square. Commerce Enablement year-over-year gross profit growth accelerated to 15%, led by strength in Cash App. Financial Solutions year over year gross profit growth also accelerated to 55% in the first quarter, driven by

Cash App Consumer Lending. Bitcoin Ecosystem gross profit declined 26% year over year in the first quarter, driven by bitcoin trading dynamics and by a strategic decision to reduce the fee we charge on certain bitcoin transactions on Cash App.

9 Quarterly gross profit by category may not sum to total gross profit due to rounding.

10 Commerce Enablement gross profit reflects the impact of amortization of acquired technology assets.

Q1’25

Q2’25

Q3’25

Q4’25

Q1’26

Gross Profit ($M)

2,290

2,537

2,662

2,872

2,909

YoY Growth

14%

18%

24%

27%

Operating Income (Loss) ($M)

329

484

409

485

(172)

Operating Income (Loss) Margin (%) of gross

profit

14%

19%

15%

17%

(6)%

Adjusted Operating Income ($M)

466

550

480

588

728

Adjusted Operating Income Margin (%) of gross profit

20%

22%

18%

20%

25%

Diluted EPS

($)11

0.30

0.87

0.74

0.19

(0.52)

Adjusted Diluted EPS ($)

0.56

0.62

0.54

0.65

0.85

Our performance in the first quarter demonstrates our ability to drive strong gross profit growth as we expanded Adjusted Operating Income margins

and returned capital to shareholders, which translated into exceptional Adjusted Diluted EPS performance. On a GAAP basis, we generated $172 million in operating loss in the first quarter of 2026, which included $852 million in

restructuring and other charges, driven by the organizational change we executed in February, and accrued legal contingencies. Adjusted Operating Income grew 56% year over year, supported by strong gross profit growth and disciplined execution. On a

GAAP basis, we delivered diluted net loss per share of $0.52. Adjusted Diluted EPS grew 52% year over year to $0.85.

11 Q1 2026 diluted EPS reflects a negative $0.29 impact from a $173 million bitcoin

remeasurement loss, compared to a negative $0.15 impact from a $93 million bitcoin remeasurement loss in Q1 2025 each on a pre-tax basis.

Cash App

Q1’25

Q2’25

Q3’25

Q4’25

Q1’26

Cash App Gross Profit ($M)

1,380

1,501

1,624

1,831

1,908

YoY Growth

10%

16%

24%

33%

38%

Cash App Operating Metrics

Cash App Monthly Transacting Actives (M)

YoY Growth

Cash App Primary Banking Actives (M)

8.3

8.0

8.3

9.3

9.7

YoY Growth

17%

16%

18%

22%

18%

Commerce Enablement

Volume ($B)12

46.7

48.3

49.7

54.7

55.0

YoY Growth

14%

17%

18%

Commerce Enablement Monetization Rate13

1.52%

1.53%

1.56%

1.61%

Consumer Lending Origination Volume ($B)

9.7

11.9

13.6

18.5

17.6

YoY Growth

32%

40%

51%

69%

82%

Total Cash App Inflows ($B)14

YoY Growth

12%

15%

14%

Inflows Per Transacting Active

($)15

1,361

1,345

1,366

1,410

1,494

YoY Growth

10%

12%

10%

Financial Solutions Gross Profit per Active

($)16

YoY Growth

15%

21%

36%

57%

60%

Cash App gross profit increased 38% year over year, driven by growth across Cash App Borrow and Commerce Enablement, most notably our BNPL products and Cash App Card.

Commerce Enablement volume growth accelerated to 18% year over year to $55.0 billion, driven by strength in Cash App Card and accelerating growth in Afterpay BNPL. Commerce Enablement monetization rate increased by 9 basis points year over

year, driven by increased Afterpay Post-Purchase product attach. Financial Solutions Gross Profit per Active grew 60% year over year, driven by strength in Cash App Borrow. Cash App monthly transacting actives were 59 million in March, while

PBAs grew 18% year over year to 9.7 million in March, up from 9.3 million in December. Inflows per transacting active grew 10% year over year in the first quarter, driven in part by more customers bringing their paychecks into Cash App.

12 Starting Q1 2026, Cash App Commerce Enablement volume includes Tap to Pay GPV within Cash

App Business GPV. Prior periods have not been recast due to immateriality.

13 Cash

App Commerce Enablement Monetization Rate is calculated by dividing Cash App Commerce Enablement gross profit by Cash App Commerce Enablement volume.

14 Historically, our Cash App ecosystem has experienced improvements in revenue, gross profit, and inflows related to the distribution of government funds as customers have

deposited more funds into Cash App during these times, including during the first quarter when U.S. tax refunds are typically distributed.

15 Inflows per transacting active refers to total inflows in the quarter divided by monthly actives for the last month of the quarter. Inflows refers to funds entering the Cash

App ecosystem. Inflows does not include the movement of funds when funds remain in the Cash App ecosystem or when funds leave the Cash App ecosystem, or inflows related to the Afterpay app.

16 Financial Solutions Gross Profit per Active is calculated based on Cash App Financial

Solutions gross profit in a given quarter divided by overall monthly transacting actives for the last month of the quarter. Cash App Financial Solutions gross profit includes gross profit from ATM, Borrow, Brokerage, Cash App Business Instant

Deposit, Instant Deposit, Instant Pay, Interest Income, Paper Money Deposits, and Pools.

Cash App Consumer Lending origination volume growth accelerated to 82% year over year to

$17.6 billion, driven by strength in Cash App Borrow. We continued to observe what we believe are industry-leading returns on capital as we expanded Consumer Lending to new customer cohorts, including newly eligible Cash App Green customers.

Borrow loss rates remained healthy with new and mature customer cohort loss rates continuing to perform in line with our expectations.

Square

Q1’25

Q2’25

Q3’25

Q4’25

Q1’26

Square Gross Profit ($M)

898

1,027

1,018

993

982

YoY Growth

11%

Total Square GPV ($M)

54,101

64,248

67,151

64,960

61,209

YoY Growth

7.2%

10%

12%

10%

13%

Constant Currency (“CC”) GPV YoY Growth

8.2%

9.9%

12%

10%

11%

Square U.S. GPV

YoY Growth

5.6%

7.0%

8.9%

7.0%

8.2%

% of Total Square GPV

82%

81%

79%

78%

Square International GPV

YoY Growth

15%

25%

26%

24%

35%

CC GPV YoY Growth

21%

24%

25%

26%

% of Total Square GPV

18%

19%

21%

22%

Commerce Enablement (excluding Hardware) Monetization Rate17

1.30%

1.27%

1.20%

1.18%

1.22%

Financial Solutions Monetization Rate18

0.41%

0.38%

0.41%

0.45%

Square GPV grew 13% and 11.5% year over

year in the first quarter on a reported and constant currency basis, respectively, to $61.2 billion, reflecting strong NVA performance in 2025 from investments in sales and marketing and strong GPV retention. GPV from food and beverage sellers

was up 21% year over year, our strongest growth rate since the first quarter of 2023, while GPV from retail sellers and services sellers grew 11% and 7% year over year, respectively. We saw a more pronounced acceleration in year-over-year growth for

our mid-market seller segment (>$500K in annualized GPV) compared to our other seller segments during the first quarter.

Square gross profit grew 9% year over year in the first quarter, driven primarily by Financial Solutions, most notably Square Loans. Excluding

hardware, which includes one-time customer acquisition costs, Square gross profit grew 11% year over year. We continue to expect Square gross profit to grow in line with GPV growth in the second half of the

year after we fully lap the impacts of the operational processing change we made last year and the network remediation payment we received in the second quarter of 2025.

17 Square Commerce Enablement (excluding Hardware) Monetization Rate is calculated by dividing Square Commerce Enablement gross profit excluding hardware by total Square GPV. Square Commerce Enablement

Gross Profit is primarily composed of Square Payments and Software.

18 Square Financial Solutions Monetization Rate is calculated by dividing

Square Financial Solutions gross profit by total Square GPV. Square Financial Solutions Gross Profit is primarily composed of Square Loans, Instant Deposit, and Square Card.

Operating Expenses and Non-GAAP Operating Expenses ($M)

Q1’25

Q2’25

Q3’25

Q4’25

Q1’26

Operating

Expenses19

1,960

2,052

2,252

2,387

3,081

Restructuring Share-Based Compensation

110

Amortization of Customer and Other Acquired Intangible Assets

Acquisition-Related and Integration Costs

Contingencies, Restructuring and Other Charges

743

Non-GAAP Operating Expenses

1,838

2,001

2,195

2,298

2,194

In the first quarter, general and

administrative, product development, and sales and marketing expenses grew 74%, 37%, and 29% year over year on a GAAP basis, respectively, driven in part by higher personnel-related restructuring costs associated with the organizational changes we

executed in February, as well as accrued legal contingencies recorded in general and administrative expenses. Non-GAAP general and administrative expenses decreased 4% year over year. Non-GAAP product development expenses decreased 9% year over year driven by reduced personnel-related costs, partially offset by higher software and cloud costs. Non-GAAP

sales and marketing expenses grew 22%, with Cash App sales and marketing expenses up 36% and other sales and marketing expenses up 20% year over year.

Transaction, loan, and consumer receivable losses increased 195% year over year on a GAAP basis, driven primarily by growth in loan volumes. Cash App

Borrow origination volume increased 175% year over year while Afterpay Post-Purchase origination volume grew over 15x year over year. Cohort level Borrow risk loss rates continue to be in line with our expectations and consistent with data we shared

at Investor Day, with loss rates of 3.16%, 3.01%, and 2.67% for customers in the 0-6 month, 7-12 month, and 13+ month cohorts, respectively. Based on our Consumer

Lending origination volume growth forecast and our expected mix of new and mature customer cohorts in Cash App Borrow, we expect transaction, loan, and consumer receivable losses growth rates to decline throughout the rest of 2026.

19 Quarterly figures presented may not sum precisely due to rounding.

Key Profitability Measures and EPS ($M, except per share figures)

Q1’25

Q2’25

Q3’25

Q4’25

Q1’26

Operating Income (Loss)20

329

484

409

485

(172

)

Adjusted Operating Income

466

550

480

588

728

Net Income (Loss)

190

538

462

116

(309

)

Adjusted Net Income

355

385

337

402

513

Adjusted EBITDA

813

891

833

930

1,010

Weighted-average shares used to compute Diluted EPS

635

619

622

614

598

Weighted-average shares used to compute Adjusted Diluted EPS

635

619

622

616

604

Diluted EPS ($)

0.30

0.87

0.74

0.19

(0.52

)

Adjusted Diluted EPS ($)

0.56

0.62

0.54

0.65

0.85

20 Q1 2026 operating income included $852 million in (i) restructuring and other

charges, which include restructuring share-based compensation expense driven by the organizational change we executed in February, and (ii) accrued legal contingencies.

Non-GAAP Cash Flow ($M)

Q1’25

Q2’25

Q3’25

Q4’25

Q1’26

TRAILING 12

MONTHS21

Net cash provided by operating activities

133

374

1,451

621

966

3,412

Less: Purchase of property and equipment

(32)

(31)

(51)

(41)

(31)

(154)

Free Cash Flow

101

343

1,400

580

935

3,258

Reversal of:

Changes in settlements receivable

170

196

(90)

309

Changes in customers payable

(165)

(151)

(61)

122

(87)

Changes in settlements payable

(2)

Sales, principal payments and forgiveness of PPP loans

(1)

(0)

(2)

Consumer receivables cash flows included within investing activities in the GAAP statements of cash

flows:

Payments for originations of consumer receivables

(6,899)

(7,740)

(7,915)

(9,592)

(7,788)

(33,035)

Proceeds from principal repayments and sales of consumer receivables

7,602

7,892

8,227

9,213

8,441

33,773

Purchases and originations of loans originally classified as held for investment

(1,164)

(6,480)

(9,986)

(10,646)

(28,275)

Proceeds from repayments of loans originally classified as held for investment

457

5,172

8,451

10,232

24,313

Warehouse facilities cash flows included within financing activities in the GAAP statement of cash

flows:

Proceeds from warehouse facilities borrowings

223

213

857

224

1,306

Repayments of warehouse facilities borrowings

(1,091)

(151)

(215)

(1,065)

(1,431)

Non-GAAP Cash Flow

(141)

(131)

239

(342)

363

128

YoY Change

(122)%

(128)%

(52)%

(189)%

357%

(89)%

Net cash provided by (used in) investing activities

915

(486)

(1,101)

(2,130)

300

(3,417)

Net cash provided by (used in) financing activities

(1,212)

(908)

1,467

(252)

347

In the first quarter of 2026, we continued

to prudently invest in our lending products, including growing Cash App Borrow given the strong unit economics and returns we have seen. Within our non-GAAP cash flow, we have deployed $2.8 billion in

capital to grow our lending products over the last 12 months. We also remain focused on returning capital to shareholders. In November 2025, our board of directors authorized an increase to our share repurchase program of up to an additional

$5 billion of our Class A common stock, and in the first quarter we repurchased 10.7 million shares of our Class A common stock for an aggregate amount of $636 million. As of March 31, 2026, we had $4.7 billion in

remaining authorization for repurchases.

We ended the quarter with $9.1 billion of total liquidity, with $8.2 billion in cash, cash equivalents,

restricted cash, and investments in marketable debt securities, as well as $900 million available to be withdrawn from our revolving credit facility and $961 million available to be withdrawn under our warehouse funding facilities.

21 Quarterly figures presented may not sum precisely due to rounding.

Guidance

2026 Outlook22

2026

Gross Profit

$12.33B

YoY Growth

19%

Adjusted Operating Income

$3.34B

% Margin

27%

Rule of X23

46%

Adjusted Diluted EPS

$3.85

YoY Growth

62%

We now expect to deliver $12.33 billion in gross profit in 2026, representing 19% year-over-year growth, along with $3.34 billion in

Adjusted Operating Income and $3.85 in Adjusted Diluted EPS. Our increased guidance across gross profit, Adjusted Operating Income, and Adjusted Diluted EPS reflects our outperformance in the first quarter and increased expectations for the

remainder of the year.

Our Adjusted Operating Income and Adjusted Diluted EPS guidance translate to 60% and 62% growth year over year, respectively. We plan to

deliver this margin expansion and grow Adjusted EPS meaningfully at scale while investing in our business to sustain long term growth.

22 We have not provided the forward-looking GAAP equivalents for certain forward-looking non-GAAP metrics, including Adjusted Operating Income (Loss) and Adjusted Diluted EPS, or GAAP reconciliations of any of the aforementioned, as a result of the uncertainty regarding, and the potential variability

of, reconciling items such as contingencies, restructuring, and other charges. Accordingly, the Company has relied upon the exception in item 10(e)(1)(i)(B) of Regulation S-K to exclude such reconciliations,

as the reconciliations of these non-GAAP guidance metrics to their corresponding GAAP equivalents are not available without unreasonable effort. However, it is important to note that material changes to

reconciling items could have a significant effect on future GAAP results. We have provided reconciliations of other historical GAAP to non-GAAP metrics in tables at the end of this letter, as well as relevant non-GAAP definitions.

23 Rule of 40 is the sum of

our gross profit growth and Adjusted Operating Income margin as a percent of gross profit. We may refer to a “Rule of” number other than 40 to refer to the sum of gross profit growth and Adjusted Operating Income margin as a percent of

gross profit for the period given.

Q2 2026 Outlook24

Q2 2026

Gross Profit

$3.04B

YoY Growth

20%

Adjusted Operating Income

$740M

% Margin

24%

Rule of X

44%

Adjusted Diluted EPS

$0.86

YoY Growth

39%

In the second quarter we expect to deliver gross profit of $3.04 billion, representing 20% year-over-year growth, and

$740 million in Adjusted Operating Income, representing 35% year-over-year growth and 2 points of margin expansion compared to the second quarter of 2025. We expect to increase go to market spend meaningfully in the second quarter as we continue to

see opportunities to invest in high ROI growth initiatives. We also expect to deliver $0.86 in Adjusted Diluted EPS in the second quarter, or 39% growth year over year, as our strong growth translates into strong per share financial performance for

shareholders.

24 We have not provided the forward-looking GAAP equivalents for certain forward-looking non-GAAP metrics, including Adjusted Operating Income (Loss) and Adjusted Diluted EPS, or GAAP reconciliations of the aforementioned, as a result of the uncertainty regarding, and the potential variability of,

reconciling items such as contingencies, restructuring, and other charges. Accordingly, the Company has relied upon the exception in item 10(e)(1)(i)(B) of Regulation S-K to exclude such reconciliations, as

the reconciliations of these non-GAAP guidance metrics to their corresponding GAAP equivalents are not available without unreasonable effort. However, it is important to note that material changes to

reconciling items could have a significant effect on future GAAP results. We have provided reconciliations of other historical GAAP to non-GAAP metrics in tables at the end of this letter.

Earnings Webcast

Block (NYSE:XYZ) will host a conference call and earnings webcast at 2:00 p.m. Pacific time/5:00 p.m. Eastern time, May 7, 2026, to

discuss these financial results. To register to participate in the conference call, or to listen to the live audio webcast, please visit the Events & Presentations section of Block’s Investor Relations website at

investors.block.xyz. A replay will be available on the same website following the call. We will release financial results for the second quarter of 2026 on August 5, 2026, after the market closes, and will also host a conference call

and earnings webcast at 2:00 p.m. Pacific time/5:00 p.m. Eastern time on the same day to discuss those financial results.

Media Contact

press@block.xyz

Investor Relations

Contact

ir@block.xyz

Jack Dorsey

Amrita Ahuja

Safe Harbor Statement

This letter contains “forward-looking statements” within the meaning of the Safe Harbor provisions of the U.S.

Private Securities Litigation Reform Act of 1995. All statements other than statements of historical fact could be deemed forward-looking, including, but not limited to, statements regarding the future performance of Block, Inc. and its consolidated

subsidiaries (the Company); the Company’s strategies, including expected impact of such strategies on our customers, actives, and sellers; our business and financial performance, expected financial results, guidance, and general business

outlook for current and future periods, including trends in U.S. and global GPV and statements that the Company’s performance will accelerate; our ability to manage our risk losses; the Company’s plans with respect to its emerging

initiatives and product development plans and product launches and functionalities, including expectations regarding the growth of Cash App Borrow and Afterpay Post-Purchase; the expected benefits of AI tools to our employees, to our customers, to

the pace of our innovation and to our overall business, the expected benefits of our products to our customers and the impact of our products on our business; our expectations related to our recently announced workforce reduction and anticipated

costs, impact, risks and benefits of such action; and the Company’s ability and timing to integrate artificial intelligence and cryptocurrency features into its products; the ability of the Company’s products to attract and retain

sellers and customers, particularly in new or different markets or demographics or through partnerships, sales organizations, or advertising campaigns; trends in the Company’s markets and the continuation of such trends; the Company’s

expectations and intentions regarding future expenses and marketing investments; and management’s statements related to business strategy, plans, investments, opportunities, and objectives for future operations. In some cases, forward-looking

statements can be identified by terms such as “may,” “will,” “appears,” “should,” “expects,” “plans,” “anticipates,” “could,” “intends,”

“target,” “projects,” “contemplates,” “believes,” “estimates,” “predicts,” “potential,” or “continue,” or the negative of these words or other similar

terms or expressions that concern our expectations, strategy, plans, or intentions. Such statements are subject to a number of known and unknown risks, uncertainties, assumptions, and other factors that may cause the Company’s actual results,

performance, or achievements to differ materially from results expressed or implied in this letter. Investors are cautioned not to place undue reliance on these statements, and reported results should not be considered as an indication of future

performance.

Risks that contribute to the uncertain nature of the forward-looking statements include, among others, a

deterioration of general macroeconomic conditions; risks related to our recently announced workforce reduction and related reorganization, including the potential for increased reliance on proactive intelligence and artificial intelligence tools;

the Company’s investments in its business and ability to maintain profitability; the Company’s efforts to expand its product portfolio and market reach; the Company’s ability to develop products and services to address the rapidly

evolving market for commerce and financial services; the Company’s ability to deal with the substantial and increasingly intense competition in its industry; risks related to disruptions in or negative perceptions of the cryptocurrency market;

acquisitions, strategic investments, entries into new businesses, joint ventures, divestitures, and other transactions that the Company may undertake; the Company’s ability to ensure the integration of its services with a variety of operating

systems and the interoperability of its technology with that of third parties; the Company’s ability to successfully develop and integrate artificial intelligence, including generative AI, into its systems, initiatives, and products; the

Company’s ability to retain existing customers, attract new customers, and increase sales to all customers; the Company’s dependence on payment card networks and acquiring processors; the effect of extensive regulation and oversight

related to the Company’s business in a variety of areas; risks related to the banking ecosystem, including through our bank partnerships, and FDIC and other regulatory obligations; the liabilities and loss potential associated with new

products, product features, and services; litigation, including intellectual property claims, government investigations or inquiries, and regulatory matters or disputes; the adequacy of reserves for such matters and the impact of any such matters or

settlements thereof on our business; adoption of the Company’s products and services in international markets; changes in political, business, and economic conditions, including changes due to actual or potential tariffs;

as well as other risks listed or described from time to time in the

Company’s filings with the Securities and Exchange Commission (the SEC), including the Company’s Annual Report on Form 10-K for the fiscal year ended December 31, 2025, and its subsequent

Quarterly Reports on Form 10-Q, which are on file with the SEC and available on the Investor Relations page of the Company’s website. Additional information will also be set forth in the Company’s

Quarterly Report on Form 10-Q for the quarter ended March 31, 2026. All forward-looking statements represent management’s current expectations and predictions regarding trends affecting the

Company’s business and industry and are based on information and estimates available to the Company at the time of this letter and are not guarantees of future performance. Earnings guidance for 2026 reflects assumptions the Company believes

are reasonable as of the date of this filing, and actual results may vary based on changing macroeconomic conditions and other risks and uncertainties outlined in this safe harbor section and in the Company’s periodic reports filed with the

SEC. Except as required by law, the Company assumes no obligation to update any of the statements in this letter.

Key Operating

Metrics And Non-GAAP

Financial Measures

To supplement our financial information presented in accordance with generally accepted accounting principles in the United

States (GAAP), from period to period, we consider and present certain operating and financial measures that we consider key metrics or are not prepared in accordance with GAAP, including Gross Payment Volume (GPV), Adjusted EBITDA, Adjusted EBITDA

margin, Adjusted Net Income (Loss), Adjusted Net Income (Loss) Per Share (Adjusted EPS), Adjusted Diluted Net Income (Loss) Per Share (Adjusted Diluted EPS), Adjusted Operating Income (Loss), Adjusted Operating Income (Loss) margin, Free Cash Flow, Non-GAAP Cash Flow, constant currency, and non-GAAP operating expenses. We believe these metrics and measures are useful to facilitate period-to-period comparisons of our business and to facilitate comparisons of our performance to that of other payments solution providers. GPV includes Square GPV and Cash App Business GPV. Square GPV is

defined as the total dollar amount of all card and bank payments processed by sellers using Square, net of refunds. Cash App Business GPV comprises Cash App activity related to

peer-to-peer transactions received by business accounts and peer-to-peer payments sent

from a credit card. GPV does not include transactions from our BNPL products.

Adjusted Net Income (Loss), Adjusted

Net Income (Loss) Per Share (Adjusted EPS), and Adjusted Diluted Net Income (Loss) Per Share (Adjusted Diluted EPS) are non-GAAP financial measures that represent our net income (loss) and net income (loss)

per share, adjusted to eliminate the effect of restructuring share-based compensation expense, contingencies, restructuring, and other charges; goodwill and intangible asset impairment; amortization of intangible assets; amortization of debt

discount and issuance costs; gain or loss on revaluation of equity investments; remeasurement gain or loss on revaluation of bitcoin investment; the gain or loss on the disposal of property and equipment; acquired deferred revenue and cost

adjustments; the discrete benefits from the release of valuation allowances on our deferred tax assets; and the tax effect of non-GAAP net income adjustments, as applicable. Additionally, for purposes of

calculating Adjusted Diluted EPS, we add back cash interest expense on convertible senior notes, as if converted at the beginning of the period, if the impact is dilutive. To calculate Adjusted Diluted EPS, we adjust the weighted-average number of

shares of common stock outstanding for the dilutive effect of all potential shares of common stock. In periods when we recorded an Adjusted Net Loss, the diluted Adjusted EPS is the same as basic Adjusted EPS because the effects of potentially

dilutive items were anti-dilutive given the Adjusted Net Loss position.

Adjusted EBITDA and Adjusted EBITDA margin

are non-GAAP financial measures that represent our net income (loss), adjusted to exclude share-based compensation expense; restructuring share-based compensation expense; depreciation and amortization;

contingencies,

restructuring, and other charges; interest income and expense; remeasurement gain or loss on bitcoin investment; other income and expense; provision for (benefit from) income taxes; gain or loss

on disposal of property and equipment; and acquired deferred revenue and cost adjustment, as applicable. Adjusted EBITDA margin is calculated as Adjusted EBITDA divided by gross profit.

Adjusted Operating Income (Loss) is a non-GAAP financial measure that represents our

operating income (loss), adjusted to eliminate the effect of amortization of acquired technology assets; contingencies, restructuring, and other charges; restructuring share-based compensation expenses; goodwill and intangible asset impairment and

amortization of customer and other acquired intangible assets. Adjusted Operating Income (Loss) margin is calculated as Adjusted Operating Income (Loss) divided by gross profit.

We also exclude from these measures certain acquisition-related and integration costs associated with business combinations, and

various other costs that are not reflective of our core operating performance. We exclude amortization of intangible assets arising from business combinations from Adjusted Net Income (Loss), Adjusted EPS, Adjusted Diluted EPS, Adjusted Operating

Income (Loss), and Adjusted Operating Income (Loss) Margin because the amount of such expenses in any specific period may not directly correlate to the underlying performance of our ongoing business operations. Acquisition-related costs include

amounts paid to redeem acquirees’ unvested stock-based compensation awards; charges associated with holdback liabilities; and legal, accounting, and due diligence costs. Integration costs include advisory and other professional services or

consulting fees necessary to integrate acquired businesses. Other costs that are not reflective of our core business operating expenses may include contingencies, restructuring, and other charges; impairment charges; restructuring share-based

compensation expense; and certain litigation and regulatory charges. For Adjusted Net Income (Loss), Adjusted EPS, and Adjusted Diluted EPS we also add back the impact of the acquired deferred revenue and deferred cost adjustment, which was written

down to fair value in purchase accounting, and adjust for the tax effect of the non-GAAP net income adjustments.

Non-GAAP Cash Flow is a non-GAAP financial

measure that represents our net cash provided by operating activities adjusted for changes in settlements receivable; changes in customers payable; changes in settlements payable; the purchase of property and equipment; payments for originations of

consumer receivables; proceeds from principal repayments and sales of consumer receivables; purchases and originations of loans originally classified as held for investment; proceeds from repayments of loans originally classified as held for

investment; proceeds from warehouse facilities borrowings; repayments of warehouse facilities borrowings; and sales, and principal payments, and forgiveness of PPP loans. We present Non-GAAP Cash Flow because

we use it to understand the cash generated by our business and make strategic decisions related to our balance sheet, and because we are focused on growing our Non-GAAP Cash Flow generation over time. It is

not intended to represent amounts available for discretionary purposes. Constant currency growth is calculated by assuming international results in a given period and the comparative prior period are translated from local currencies to the U.S.

dollar at rates consistent with the monthly average rates in the comparative prior period. We discuss growth on a constant currency basis because a portion of our business operates in markets outside the U.S. and is subject to changes in foreign

exchange rates. Non-GAAP operating expenses is a non-GAAP financial measure that represents operating expenses adjusted to remove the impact of restructuring share-based

compensation; amortization of customer and other acquired intangible assets; acquisition-related and integration costs; contingencies, restructuring, and other charges; and goodwill and intangible asset impairment. We have included Adjusted EBITDA,

Adjusted EBITDA margin, Adjusted Operating Income (Loss), Adjusted Operating Income (Loss) margin,

Adjusted Net Income (Loss), Adjusted EPS, Adjusted Diluted EPS, and non-GAAP operating expenses because they are key measures used by our management to

evaluate our operating performance, generate future operating plans, and make strategic decisions, including those relating to operating expenses and the allocation of internal resources. Accordingly, we believe that Adjusted EBITDA, Adjusted EBITDA

margin, Adjusted Operating Income (Loss), Adjusted Operating Income (Loss) margin, Adjusted Net Income, Adjusted EPS, Adjusted Diluted EPS, and non-GAAP operating expenses provide useful information to

investors and others in understanding and evaluating our operating results in the same manner as our management and board of directors. In addition, they provide useful measures for

period-to-period comparisons of our business, as they remove the effect of certain non-cash items and certain variable charges

that do not vary with our operations. Adjusted EBITDA, Adjusted EBITDA margin, Adjusted Net Income (Loss), Adjusted Operating Income (Loss), Adjusted Operating Income (Loss) margin, Adjusted EPS, Adjusted Diluted EPS, and non-GAAP operating expenses, as well as other measures defined in the shareholder letter, have limitations as financial measures, should be considered as supplemental in nature, and are not meant as substitutes for

the related financial information prepared in accordance with GAAP. We believe that the aforementioned metrics and measures provide useful information about our operating results, enhance the overall understanding of our past performance and future

prospects, and provide useful measures for period-to-period comparisons of our business, as they remove the effect of certain variable amounts, or they remove amounts

that were not repeated across periods and therefore make comparisons more difficult. Our management uses these measures to evaluate our operating performance, generate future operating plans, and make strategic decisions, including those relating to

operating expenses and the allocation of internal resources. These non-GAAP financial measures should not be considered in isolation from, or as a substitute for, financial information prepared in accordance

with GAAP. These non-GAAP financial measures are not based on any standardized methodology prescribed by GAAP. Other companies, including companies in our industry, may calculate the non-GAAP financial measures differently or not at all, which reduces their usefulness as comparative measures.

Condensed Consolidated Statements of Operations

Unaudited

In thousands, except per share data

THREE

MONTHS ENDED

Mar. 31, 2026

Mar. 31, 2025

Revenue:

Commerce enablement revenue

2,938,470

2,566,975

Financial solutions revenue

1,321,985

875,011

Bitcoin ecosystem revenue

1,796,392

2,329,810

Total net revenue

6,056,847

5,771,796

Cost of revenue:

Commerce enablement costs

1,317,459

1,152,200

Financial solutions costs

89,375

77,922

Bitcoin ecosystem costs

1,727,957

2,237,397

Amortization of acquired technology assets

12,817

14,674

Total cost of revenue

3,147,608

3,482,193

Gross profit

2,909,239

2,289,603

Operating expenses:

Product development

1,038,873

760,699

Sales and marketing

650,508

504,460

General and administrative

857,564

491,797

Transaction, loan, and consumer receivable losses

500,125

169,689

Amortization of customer and other acquired intangible assets

34,159

33,656

Total operating expenses

3,081,229

1,960,301

Operating income (loss)

(171,990

)

329,302

Interest expense, net

53,195

17,243

Remeasurement loss on bitcoin investment

172,818

93,351

Other income, net

(5,426

)

(8,342

)

Income (loss) before income tax

(392,577

)

227,050

Provision for (benefit from) income taxes

(83,982

)

38,328

Net income (loss)

(308,595

)

188,722

Less: Net income (loss) attributable to noncontrolling

interests

(1,150

)

Net income (loss) attributable to common stockholders

(308,681

)

189,872

Net income (loss) per share attributable to common stockholders:

Basic

(0.52

)

0.31

Diluted

(0.52

)

0.30

Weighted-average shares used to compute net income (loss) per share attributable to common

stockholders:

Basic

597,586

619,370

Diluted

597,586

635,342

Condensed Consolidated Balance Sheets

In thousands, except per share data

Mar. 31, 2026

Dec 31, 2025

UNAUDITED

Assets

Current assets:

Cash and cash equivalents

6,858,357

6,564,092

Settlements receivable

1,224,007

1,359,983

Customer funds

5,941,180

4,771,824

Consumer receivables, net

2,287,001

2,670,322

Loans held for investment, net

3,430,619

3,382,957

Other current assets

4,025,261

4,107,702

Total current assets

23,766,425

22,856,880

Goodwill

11,956,264

11,849,018

Acquired intangible assets, net

1,245,784

1,281,670

Deferred tax assets

1,380,684

1,302,776

Bitcoin investment

617,290

777,515

Other non-current assets

1,019,634

1,482,028

Total assets

39,986,081

39,549,887

Liabilities and Stockholders’ Equity

Current liabilities:

Customers payable

7,868,513

6,805,366

Accrued expenses and other current liabilities

2,240,661

1,538,893

Current portion of long-term debt

1,574,374

1,573,259

Warehouse funding facilities, current

283,562

466,942

Total current liabilities

11,967,110

10,384,460

Warehouse funding facilities, non-current

258,938

897,941

Long-term debt

5,718,146

5,715,759

Other non-current

liabilities

360,859

381,845

Total liabilities

18,305,053

17,380,005

Commitments and contingencies

Stockholders’ equity:

Preferred stock, $0.0000001 par value: 100,000 shares authorized at March 31, 2026 and December 31, 2025. None issued

and outstanding at March 31, 2026 and December 31, 2025.

—

Class A common stock, $0.0000001 par value: 1,000,000 shares authorized at March 31, 2026 and December 31, 2025; 535,280

and 542,085 issued and outstanding at March 31, 2026 and December 31, 2025, respectively.

—

Class B common stock, $0.0000001 par value: 500,000 shares authorized at March 31, 2026 and December 31, 2025; 59,991

and 59,993 issued and outstanding at March 31, 2026 and December 31, 2025, respectively.

—

Additional paid-in capital

18,601,896

18,895,405

Accumulated other comprehensive loss

(252,131

)

(365,381

)

Retained earnings

3,365,573

3,674,254

Total stockholders’ equity attributable to common stockholders

21,715,338

22,204,278

Noncontrolling interests

(34,310

)

(34,396

)

Total stockholders’ equity

21,681,028

22,169,882

Total liabilities and stockholders’

equity

39,986,081

39,549,887

Condensed Consolidated Statements of Cash Flows

Unaudited

In thousands

THREE MONTHS ENDED

Mar. 31, 2026

Mar. 31, 2025

Cash flows from operating activities:

Net income (loss)

(308,595

)

188,722

Adjustments to reconcile net income (loss) to net cash provided by operating activities:

Depreciation and amortization

95,977

88,948

Amortization of discounts and premiums and other non-cash

adjustments

(279,936

)

(265,168

)

Non-cash lease expense

29,920

14,369

Share-based compensation

338,700

315,236

Loss on revaluation of equity investments

5,665

126

Remeasurement loss on bitcoin investment

172,818

93,351

Transaction, loan, and consumer receivable losses

500,125

169,689

Change in deferred income taxes

(79,027

)

7,599

Purchases and originations of loans originally classified as held for sale

(1,799,095

)

(5,032,615

)

Proceeds from repayments of loans originally classified as held for sale

1,835,016

4,721,581

Changes in operating assets and liabilities:

Settlements receivable

89,666

(88,267

)

Customers payable

(122,404

)

164,904

Prepaid expenses

(70,774

)

(147,946

)

Other assets and liabilities

557,539

(97,193

)

Net cash provided by operating activities

965,595

133,336

Cash flows from investing activities:

Purchases of marketable debt securities

(75,203

)

(162,188

)

Proceeds from maturities of marketable debt securities

137,055

147,508

Proceeds from sale of marketable debt securities

28,406

265,191

Payments for originations of consumer receivables

(7,788,370

)

(6,898,769

)

Proceeds from principal repayments and sales of consumer receivables

8,440,980

7,602,325

Purchases and originations of loans originally classified as held for investment

(10,645,803

)

—

Proceeds from repayments of loans originally classified as held for investment

10,231,838

—

Purchases of property and equipment

(30,574

)

(31,882

)

Other investing activities

1,701

(7,477

)

Net cash provided by investing activities

300,030

914,708

Cash flows from financing activities:

Payments to redeem convertible notes

—

(1,000,624

)

Proceeds from warehouse facilities borrowings

223,953

222,824

Repayments of warehouse facilities borrowings

(1,065,192

)

(1,091,137

)

Proceeds from the exercise of stock options and purchases under the employee stock purchase plan

618

2,283

Net increase in interest-bearing deposits

55,343

34,463

Repurchases of common stock

(635,988

)

(445,298

)

Change in customer funds, restricted from use in the Company’s operations

1,169,356

1,065,857

Net cash used in financing activities

(251,910

)

(1,211,632

)

Effect of foreign exchange rate on cash and cash

equivalents

(471

)

22,249

Net increase (decrease) in cash, cash equivalents, restricted cash, and customer funds

1,013,244

(141,339

)

Cash, cash equivalents, restricted cash, and customer funds,

beginning of the period

12,481,276

13,230,512

Cash, cash equivalents, restricted cash, and customer funds, end

of the period

13,494,520

13,089,173

Reportable Segment Disclosures

Unaudited

Information on the reportable segments revenue and segment operating profit,

as well as amounts for the “Corporate and Other” category, which includes products and services not assigned to reportable segments and intersegment eliminations:

THREE MONTHS ENDED

Mar. 31, 2026

(in millions) (i)

Cash App

Square

Corporate and

Other

Total

Revenue:

Commerce enablement revenue

1,086

1,803

2,938

Financial solutions revenue

1,040

282

—

1,322

Bitcoin ecosystem revenue

1,744

1,796

Segment revenue

3,871

2,112

6,057

Cost of revenue:

Commerce enablement costs

187

1,096

1,317

Financial solutions costs

—

Bitcoin ecosystem costs

1,681

1,728

Amortization of acquired technology

—

Segment cost of revenue

1,963

1,131

3,148

Segment gross profit

1,908

982

2,909

(i) Figures presented may not sum precisely due to

rounding.

THREE MONTHS ENDED

Mar. 31, 2025

(in millions) (i)

Cash App

Square

Corporate and

Other

Total

Revenue:

Commerce enablement revenue

900

1,627

2,567

Financial solutions revenue

649

226

—

875

Bitcoin ecosystem revenue

2,329

—

2,330

Segment

revenue

3,879

1,852

5,772

Cost of revenue:

Commerce enablement costs

176

947

1,152

Financial solutions costs

—

Bitcoin ecosystem costs

2,237

—

2,237

Amortization of acquired technology

—

Segment cost of

revenue

2,499

954

3,482

Segment gross

profit

1,380

898

2,290

(i) Figures presented may not sum precisely due to

rounding.

Reportable Segment Disclosures, Continued

THREE MONTHS ENDED

Cash App (i) (in millions)

Mar. 31,

2026

Mar. 31,

2025

Jun. 30,

2025

Sept. 30,

2025

Dec. 31,

2025

Revenue:

Commerce enablement revenue

1,086

900

940

976

1,096

Financial solutions revenue

1,040

649

733

834

949

Bitcoin ecosystem revenue

1,744

2,329

2,171

1,990

1,856

Segment revenue

3,871

3,879

3,845

3,800

3,902

Cost of revenue:

Commerce enablement costs

187

176

190

185

201

Financial solutions costs

Bitcoin ecosystem costs

1,681

2,237

2,064

1,895

1,773

Amortization of acquired technology

Segment cost of revenue

1,963

2,499

2,344

2,176

2,070

Segment gross profit

1,908

1,380

1,501

1,624

1,831

(i) Figures presented may not sum precisely due to rounding.

THREE MONTHS ENDED

Cash App (i) (in millions)

Mar. 31,

2025

Mar. 31,

2024

Jun. 30,

2024

Sept. 30,

2024

Dec. 31,

2024

Revenue:

Commerce enablement revenue

900

832

853

848

949

Financial solutions revenue

649

566

617

620

607

Bitcoin ecosystem revenue

2,329

2,775

2,659

2,462

2,461

Segment

revenue

3,879

4,173

4,129

3,930

4,017

Cost of revenue:

Commerce enablement costs

176

175

181

169

200

Financial solutions costs

Bitcoin ecosystem costs

2,237

2,660

2,557

2,366

2,354

Amortization of acquired

technology

Segment cost of

revenue

2,499

2,914

2,830

2,624

2,641

Segment gross

profit

1,380

1,259

1,299

1,306

1,376

(i) Figures

presented may not sum precisely due to rounding.

Reportable Segment Disclosures, Continued

THREE MONTHS ENDED

Square (i) (in millions)

Mar. 31,

2026

Mar. 31,

2025

Jun. 30,

2025

Sept. 30,

2025

Dec. 31,

2025

Revenue:

Commerce enablement revenue

1,803

1,627

1,915

1,979

1,905

Financial solutions revenue

282

226

251

261

273

Bitcoin ecosystem revenue

—

Segment revenue

2,112

1,852

2,166

2,241

2,193

Cost of revenue:

Commerce enablement costs

1,096

947

1,133

1,216

1,178

Financial solutions costs

Bitcoin ecosystem costs

—

Amortization of acquired technology

Segment cost of revenue

1,131

954

1,139

1,223

1,200

Segment gross profit

982

898

1,027

1,018

993

(i) Figures presented may not sum precisely due to rounding.

THREE MONTHS ENDED

Square (i) (in millions)

Mar. 31,

2025

Mar. 31,

2024

Jun. 30,

2024

Sept. 30,

2024

Dec. 31,

2024

Revenue:

Commerce enablement revenue

1,627

1,535

1,764

1,790

1,751

Financial solutions revenue

226

195

215

212

220

Bitcoin ecosystem revenue

—

Segment

revenue

1,852

1,730

1,979

2,002

1,970

Cost of revenue:

Commerce enablement costs

947

903

1,050

1,063

1,040

Financial solutions costs

Bitcoin ecosystem costs

—

Amortization of acquired

technology

Segment cost of

revenue

954

910

1,057

1,069

1,047

Segment gross

profit

898

820

923

932

924

(i) Figures presented may not sum precisely due to rounding.

Operating Segment Disclosures

Unaudited

A reconciliation of total segment gross profit to the Company’s income

(loss) before applicable income taxes (in thousands):

THREE MONTHS ENDED

Mar. 31, 2026

Mar. 31, 2025

Total segment gross profit

2,889,683

2,277,850

Add: Corporate and other gross profit

19,556

11,753

Less: Product development

1,038,873

760,699

Less: Sales and marketing

650,508

504,460

Less: General and administrative

857,564

491,797

Less: Transaction, loan, and consumer receivable losses

500,125

169,689

Less: Amortization of customer and other intangible assets

34,159

33,656

Less: Interest expense, net

53,195

17,243

Less: Remeasurement loss on bitcoin investment

172,818

93,351

Less: Other income, net

(5,426

)

(8,342

)

Income (loss) before applicable income

taxes

(392,577

)

227,050

Select Operating Metrics and Non-GAAP Financial Measures

Unaudited

THREE MONTHS ENDED

Mar. 31, 2026

Mar. 31, 2025

Gross Payment Volume (GPV) (in millions)

63,109

56,797

Adjusted Operating Income (in thousands)

727,672

466,269

Adjusted EBITDA (in thousands)

1,010,221

812,794

Adjusted Net Income Per Share:

Basic

0.86

0.57

Diluted

0.85

0.56

THREE MONTHS ENDED

(in millions)

Mar. 31, 2026

Mar. 31, 2025

Square GPV

61,209

54,101

Cash App GPV

1,900

2,695

Total GPV

63,109

56,796

THREE MONTHS ENDED

(in millions)

Mar. 31,

2026

Mar. 31,

2025

Jun. 30,

2025

Sept. 30,

2025

Dec. 31,

2025

Square gross profit

982

898

1,027

1,018

993

Less: Hardware contribution to Square gross

profit

(41

)

(24

)

(34

)

(41

)

(43

)

Square gross profit excluding Hardware (i)

1,023

922

1,061

1,059

1,035

(i) Figures presented may not sum precisely due to rounding.

THREE MONTHS ENDED

(in millions)

Mar. 31,

2026

Mar. 31,

2025

Jun. 30,

2025

Sept. 30,

2025

Dec. 31,

2025

Square commerce enablement gross profit

706

678

781

762

726

Less: Hardware contribution to Square commerce enablement gross profit

(41

)

(24

)

(34

)

(41

)

(43

)

Square commerce enablement gross profit excluding Hardware (i) (ii)

747

702

814

803

769

(i) Figures presented may not sum precisely due to rounding.

(ii) Square commerce enablement gross profit reflects the impact of amortization

of acquired technology assets.

THREE MONTHS ENDED

(in millions)

Mar. 31, 2026

Mar. 31, 2025

Cash App sales and marketing expense

390

287

Other sales and marketing expense (i)

261

217

Total sales and marketing expense (ii)

651

504

(i) Other sales and marketing expenses include sales and

marketing expenses related to Square and Corporate and Other.

(ii) Figures

presented may not sum precisely due to rounding.

THREE MONTHS ENDED

(in millions)

Mar. 31, 2026

Mar. 31, 2025

Product development expenses

(1,039

)

(761

)

Restructuring share-based compensation

Contingencies, restructuring and other

charges

292

Non-GAAP product development expenses

(i)

(657

)

(724

)

(i) Figures presented may not sum precisely due to rounding.

THREE MONTHS ENDED

(in millions)

Mar. 31, 2026

Mar. 31, 2025

Sales and marketing expenses

(651

)

(504

)

Restructuring share-based compensation

Contingencies, restructuring and other

charges

Non-GAAP sales and marketing expenses

(i)

(602

)

(492

)

(i) Figures presented may not sum precisely due to rounding.

THREE MONTHS ENDED

(in millions)

Mar. 31, 2026

Mar. 31, 2025

General and administrative expenses

(858

)

(492

)

Restructuring share-based compensation

Acquisition-related and integration costs

Contingencies, restructuring and other

charges

410

Non-GAAP general and administrative expenses (i)

(436

)

(453

)

(i) Figures presented may not sum precisely due to rounding.

Adjusted Operating Income (Loss) and Margin

Unaudited

In thousands, except for percentages

THREE MONTHS ENDED

Mar. 31,

2026

Mar. 31,

2025

Jun. 30,

2025

Sept. 30,

2025

Dec. 31,

2025

Operating income

(171,990

)

329,302

484,293

409,440

485,371

Amortization of acquired technology assets

12,817

14,674

14,404

13,857

13,915

Acquisition-related and integration costs

362

320

1,042

345

352

Contingencies, restructuring and other charges

742,812

77,811

15,844

20,752

54,102

Restructuring share-based compensation

109,512

10,506

1,659

—

Amortization of customer and

other acquired intangible assets

34,159

33,656

33,891

34,133

34,049

Adjusted Operating Income

727,672

466,269

549,569

480,186

587,789

Adjusted Operating Income margin (%) of gross profit

Adjusted EBITDA

Unaudited

In thousands

THREE MONTHS ENDED

Mar. 31,

2026

Mar. 31,

2025

Jun. 30,

2025

Sept. 30,

2025

Dec. 31,

2025

Net income (loss) attributable to common stockholders

(308,681

)

189,872

$ 538,458

461,544

115,762

Net income (loss) attributable

to noncontrolling interests

(1,150

)

(124

)

(206

)

Net income (loss)

(308,595

)

188,722

538,334

461,598

115,556

Share-based compensation expense

229,188

304,730

297,246

307,721

293,523

Restructuring share-based compensation expense

109,512

10,506

1,659

—

Depreciation and amortization

95,977

88,948

92,397

92,119

96,065

Acquisition-related and integration costs

362

320

1,042

345

352

Contingencies, restructuring and other charges

742,812

77,811

15,844

20,752

54,102

Interest expense, net

53,195

17,243

23,687

34,652

53,781

Remeasurement loss (gain) on bitcoin investment

172,818

93,351

(212,165

)

(59,588

)

234,302

Other expense (income), net

(5,426

)

(8,342

)

13,389

(167,150

)

(4,665

)

Provision for (benefit from) income taxes

(83,982

)

38,328

121,048

139,928

86,397

Loss on disposal of property and equipment

4,354

1,164

495

617

270

Acquired deferred revenue and

cost adjustment

Adjusted EBITDA

1,010,221

812,794

$ 891,422

832,662

929,690

Adjusted EBITDA margin (%) of gross profit

Adjusted Net Income and Adjusted EPS

Unaudited

In thousands, except per share data

THREE MONTHS ENDED

Mar. 31,

2026

Mar. 31,

2025

Jun. 30,

2025

Sept. 30,

2025

Dec. 31,

2025

Net income (loss) attributable to common stockholders

(308,681

)

189,872

538,458

461,544

115,762

Net income (loss) attributable to noncontrolling

interests

(1,150

)

(124

)

(206

)

Net income (loss)

(308,595

)

188,722

538,334

461,598

115,556

Acquisition-related and integration costs

362

320

1,042

345

352

Contingencies, restructuring and other charges

742,812

77,811

15,844

20,752

54,102

Restructuring share-based compensation expense

109,512

10,506

1,659

—

Amortization of intangible assets

46,976

48,330

48,295

47,990

47,964

Amortization of debt discount and issuance costs

3,886

3,299

2,835

3,335

4,030

Loss (gain) on revaluation of equity investments

5,665

126

(1,582

)

(171,126

)

326

Remeasurement loss (gain) on bitcoin investment

172,818

93,351

(212,165

)

(59,588

)

234,302

Loss on disposal of property and equipment

4,354

1,164

495

617

270

Acquired deferred revenue and cost adjustment

Income tax expenses (benefits) from deferred tax assets

—

(52,600

)

(8,909

)

3,313

Tax effect of non-GAAP net income

adjustments

(264,918

)

(69,371

)

44,538

39,933

(58,861

)

Adjusted Net Income - basic

512,878

354,271

385,141

336,615

401,361

Cash interest expense on convertible

notes

264

433

267

273

271

Adjusted Net Income - diluted

513,142

354,704

385,408

336,888

401,632

Weighted-average shares used to compute net income (loss) per share attributable to common stockholders:

Basic

597,586

619,370

612,882

610,199

606,682

Diluted

597,586

635,342

618,928

621,658

613,737

Net income (loss) per share attributable to common stockholders:

Basic

(0.52

)

0.31

0.88

0.76

0.19

Diluted

(0.52

)

0.30

0.87

0.74

0.19

Weighted-average shares used to compute Adjusted Net Income Per Share:

Basic

597,586

619,370

612,882

610,199

606,682

Diluted

604,181

635,342

618,928

621,658

615,659

Adjusted Net Income Per Share:

Basic

0.86

0.57

0.63

0.55

0.66

Diluted

0.85

0.56

0.62

0.54

0.65

Non-GAAP Cash Flow

Unaudited

In thousands

THREE MONTHS ENDED

TRAILING 12

MONTHS

Mar. 31, 2024

June 30, 2024

Sept. 30, 2024

Dec. 31, 2024

Mar. 31, 2025

Net cash provided by operating activities

489

519

685

1,351

Less: Purchase of property and

equipment

(32

)

(38

)

(57

)

(27

)

(154

)

Free Cash Flow

457

481

628

(13

)

1,197

Reversal of:

Changes in settlements receivable

542

287

(2,407

)

(370

)

(2,402

)

Changes in customers payable

(466

)

(406

)

2,192

534

2,155

Changes in settlements payable

—

Sales, principal payments and forgiveness of PPP loans

)

Consumer receivables cash flows included within investing activities in the GAAP statements of cash flows:

Payments for originations of consumer receivables

(6,095

)

(6,772

)

(7,331

)

(9,121

)

(30,122

)

Proceeds from principal repayments and sales of consumer receivables

6,825

6,903

7,415

8,780

30,700

Warehouse facilities cash flows included within financing activities in the GAAP statements of cash flows:

Proceeds from warehouse facilities borrowings

161

159

849

1,318

Repayments of warehouse facilities borrowings

(791

)

(177

)

(86

)

(276

)

(1,630

)

Non-GAAP Cash Flow

(i)

639

475

497

383

1,214

Net cash provided by (used in) investing activities

1,042

(175

)

106

(323

)

522

Net cash provided by financing activities

1,141

708

709

(i) Figures presented may not sum precisely due to rounding.

(in millions)

Mar. 31, 2026

Mar. 31, 2025

Change

Consumer receivables, net

2,287

2,069

218

Loans held for sale

746

1,322

(576

)

Loans held for investment, net

3,431

403

3,028

Total lending products

6,464

3,794

2,670

Less: Proceeds from warehouse facilities borrowings

(i)

1,306

Less: Repayments of warehouse facilities

borrowings (i)

(1,431

)

Capital deployed to grow lending products

2,795

(i) Proceeds from and repayments of warehouse facilities

borrowings represent trailing twelve months cash flows for the period ended March 31, 2026.

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Document and Entity Information

May 07, 2026

Cover [Abstract]

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Document Type

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Document Period End Date

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Entity Registrant Name

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Entity Incorporation State Country Code

Entity File Number

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Entity Tax Identification Number

80-0429876

Entity Address, Address Line One

1955 Broadway

Entity Address, Address Line Two

Suite 600

Entity Address, City or Town

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Entity Address, State or Province

Entity Address, Postal Zip Code

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City Area Code

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Local Phone Number

375-3176

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- Definition

Address Line 1 such as Attn, Building Name, Street Name

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Address Line 2 such as Street or Suite number

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Name of the City or Town

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Code for the postal or zip code

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Name of the state or province.

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- Definition

A unique 10-digit SEC-issued value to identify entities that have filed disclosures with the SEC. It is commonly abbreviated as CIK.

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Reference 1: http://www.xbrl.org/2003/role/presentationRef

-Publisher SEC

-Name Exchange Act

-Number 240

-Section 12

-Subsection b-2

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- Definition

Indicate if registrant meets the emerging growth company criteria.

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Reference 1: http://www.xbrl.org/2003/role/presentationRef

-Publisher SEC

-Name Exchange Act

-Number 240

-Section 12

-Subsection b-2

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- Definition

Commission file number. The field allows up to 17 characters. The prefix may contain 1-3 digits, the sequence number may contain 1-8 digits, the optional suffix may contain 1-4 characters, and the fields are separated with a hyphen.

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No definition available.

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Two-character EDGAR code representing the state or country of incorporation.

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No definition available.

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- Definition

The exact name of the entity filing the report as specified in its charter, which is required by forms filed with the SEC.

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Reference 1: http://www.xbrl.org/2003/role/presentationRef

-Publisher SEC

-Name Exchange Act

-Number 240

-Section 12

-Subsection b-2

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The Tax Identification Number (TIN), also known as an Employer Identification Number (EIN), is a unique 9-digit value assigned by the IRS.

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-Publisher SEC

-Name Exchange Act

-Number 240

-Section 12

-Subsection b-2

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Local phone number for entity.

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Boolean flag that is true when the Form 8-K filing is intended to satisfy the filing obligation of the registrant as pre-commencement communications pursuant to Rule 13e-4(c) under the Exchange Act.

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Reference 1: http://www.xbrl.org/2003/role/presentationRef

-Publisher SEC

-Name Exchange Act

-Number 240

-Section 13e

-Subsection 4c

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Boolean flag that is true when the Form 8-K filing is intended to satisfy the filing obligation of the registrant as pre-commencement communications pursuant to Rule 14d-2(b) under the Exchange Act.

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Reference 1: http://www.xbrl.org/2003/role/presentationRef

-Publisher SEC

-Name Exchange Act

-Number 240

-Section 14d

-Subsection 2b

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- Definition

Title of a 12(b) registered security.

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-Publisher SEC

-Name Exchange Act

-Number 240

-Section 12

-Subsection b

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- Definition

Name of the Exchange on which a security is registered.

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-Publisher SEC

-Name Exchange Act

-Number 240

-Section 12

-Subsection d1-1

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Name:

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Data Type:

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Boolean flag that is true when the Form 8-K filing is intended to satisfy the filing obligation of the registrant as soliciting material pursuant to Rule 14a-12 under the Exchange Act.

+ References

Reference 1: http://www.xbrl.org/2003/role/presentationRef

-Publisher SEC

-Name Exchange Act

-Number 240

-Section 14a

-Subsection 12

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- Definition

Trading symbol of an instrument as listed on an exchange.

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No definition available.

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- Definition

Boolean flag that is true when the Form 8-K filing is intended to satisfy the filing obligation of the registrant as written communications pursuant to Rule 425 under the Securities Act.

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Reference 1: http://www.xbrl.org/2003/role/presentationRef

-Publisher SEC

-Name Securities Act

-Number 230

-Section 425

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