Block reported a strong quarter, driven by Cash App and Square, leading to a raised 2026 outlook. The company also announced expanded use of AI in nearly all its software development.
Block (formerly Square) had a better-than-expected quarter, with strong performance from its key products, Cash App and Square. This success led the company to increase its financial outlook for 2026. Block also highlighted its growing adoption of artificial intelligence (AI) throughout its software engineering, noting that AI now impacts almost all of its code. This integration aims to improve product development and operational efficiency across its ecosystem.
339.196 SRY