Business Segments · Gross Profit
Square — Gross Profit
Block Square — Gross Profit decreased by 1.1% to $981.55M in Q1 2026 compared to the prior quarter. Year-over-year, this metric grew by 9.3%, from $897.90M to $981.55M. Over 4 years (FY 2021 to FY 2025), Square — Gross Profit shows an upward trend with a 14.2% CAGR. This decline may warrant attention — for this metric, higher values are generally preferred.
Analysis
StatementSegment
CategoryProfitability
SignalHigher is better
VolatilityModerate
First reportedQ1 2019
Last reportedQ1 2026
Rolls up toGross Profit
How to read this metric
An increase reflects improved unit economics or scale, while a decrease suggests rising costs or pricing pressure.
Detailed definition
This represents the residual profit after deducting the direct cost of revenue from the total revenue generated by the S...
Peer comparison
Comparable to segment gross profit in other SaaS and financial services companies.
Metric ID:
xyz_segment_square_gross_profitHistorical Data
20 periods
| Q2 '21 | Q3 '21 | Q4 '21 | Q1 '22 | Q2 '22 | Q3 '22 | Q4 '22 | Q1 '23 | Q2 '23 | Q3 '23 | Q4 '23 | Q1 '24 | Q2 '24 | Q3 '24 | Q4 '24 | Q1 '25 | Q2 '25 | Q3 '25 | Q4 '25 | Q1 '26 | |
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Value | $585.14M | $606.23M | $657.29M | $661.22M | $755.44M | $782.97M | $801.35M | $770.28M | $888.27M | $898.97M | $571.14M | $820.27M | $922.58M | $932.36M | $923.70M | $897.90M | $1.03B | $1.02B | $992.67M | $981.55M |
| QoQ Change | — | +3.6% | +8.4% | +0.6% | +14.2% | +3.6% | +2.3% | -3.9% | +15.3% | +1.2% | -36.5% | +43.6% | +12.5% | +1.1% | -0.9% | -2.8% | +14.4% | -0.9% | -2.5% | -1.1% |
| YoY Change | — | — | — | — | +29.1% | +29.2% | +21.9% | +16.5% | +17.6% | +14.8% | -28.7% | +6.5% | +3.9% | +3.7% | +61.7% | +9.5% | +11.3% | +9.1% | +7.5% | +9.3% |
Range$571.14M – $1.03B
CAGR+11.5%
Avg YoY Growth+13.9%
Median YoY Growth+10.4%
Current Streak3 quarters decline
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Frequently Asked Questions
- What is Block's square — gross profit?
- Block (XYZ) reported square — gross profit of $981.55M in Q1 2026.
- How has Block's square — gross profit changed year-over-year?
- Block's square — gross profit increased by 9.3% year-over-year, from $897.90M to $981.55M.
- What is the long-term trend for Block's square — gross profit?
- Over 4 years (2021 to 2025), Block's square — gross profit has grown at a 14.2% compound annual growth rate (CAGR), from $2.32B to $3.94B.
- What does square — gross profit mean?
- The profit remaining after subtracting direct costs from Square segment revenue.