Block Inc. (XYZ) delivered a double beat with its third-quarter fiscal 2026 results after Tuesday's closing bell. Earnings and revenue both came in ahead of Wall Street's expectations, and the company nudged its full-year outlook higher. Investors liked what they saw.

The Numbers

Block reported quarterly earnings of $1.13 per share, which beat the Street estimate of $1.02 by 10.78%. Quarterly revenue came in at $6.72 billion, topping the analyst consensus estimate of $6.59 billion.

Cash App Keeps Rolling

The consumer app remains the growth engine. Monthly transacting actives reached 60 million in September, helped by Neighborhoods, which brought more Square seller customers onto the platform. Gross profit rose 27%, with Financial Solutions and Commerce Enablement both showing strength.

Consumer Lending origination volume climbed 40% year over year to $19 billion, driven by Cash App Borrow and Afterpay Post-Purchase. That's a lot of lending happening inside what many people still think of as a peer-to-peer payments app.

Square Holds Its Ground

On the seller side, third-quarter gross payment volume grew 14% year over year on both a reported and constant currency basis. U.S. GPV growth accelerated to 10.4% year over year, while international GPV kept up its strong run, rising 26% on both a reported and constant currency basis. Gross profit grew in line with GPV in the third quarter.

Dorsey's Chasm Moment

CEO Jack Dorsey framed the quarter in characteristically grand terms. "We believe we've meaningfully crossed the chasm of transforming our company from one that creates traditional financial products into one that streams intelligence as people need it," he wrote in a letter to shareholders.

Looking Ahead

Block raised its fiscal 2026 adjusted EPS guidance from $4.02 to $4.15, versus the $4.04 analyst estimate. That's a modest bump, but guidance hikes tend to land well when they come alongside a clean beat.

XYZ Stock Price: Block stock was up 8.16% to $82.20 in Tuesday's extended trading.