Block is trading at $87.51, up +14.00%, after its third-quarter results beat expectations and the company raised its 2026 gross-profit outlook.
- Gross profit grew 22% to $3.24 billion; Cash App gross profit rose 27%.
- Block raised its 2026 gross-profit outlook to $12.626 billion.
- Bitcoin and Ethereum are up 3.82% and 5.84%, respectively, since the prior close, alongside a broad market rally. These moves may support sentiment but are smaller than Block’s gain.