Block (XYZ) Q1 FY26 earnings call

Earnings call· Mar 2026 (Q1 FY26)· Information Technology· May 7, 2026

Source: earnings call transcript

A broad-based acceleration quarter: both ecosystems compounded on engagement-led growth while AI tooling visibly raised product velocity and margin discipline, giving management conviction to raise the full-year outlook. The forward stance rests on ramping go-to-market channels (field sales, ISOs) and embedding lending across the Cash App platform to offset Borrow's normalization and tougher second-half comparisons.

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XYZ operating KPIs by quarter

XYZ operating KPIs stated on its earnings calls, by fiscal quarter
KPI	Dec 2024 Q4 FY24	Mar 2025 Q1 FY25	Jun 2025 Q2 FY25	Sep 2025 Q3 FY25	Dec 2025 Q4 FY25	This call Mar 2026 Q1 FY26	Change vs prior quarter
Active accounts Cash App Borrow	5M We ended 2024 with 5 million Cash App Borrow monthly actives. Source: earnings call transcript	—	6M First, on the strength of Borrow, we now have 6 million monthly actives on Borrow. Source: earnings call transcript	—	—	—	—
Active accounts Cash App Card	25M Cash App Card at 25 million monthly actives in December is an amazing distribution surface for us to launch these sorts of product features into. Source: earnings call transcript	—	—	26M And so -- and we have 26 million Cash App card active on a monthly basis right now. Source: earnings call transcript	—	—	—
Active accounts Cash App	57M But there's some deliberate decisions that we've made as part of our banker-based strategy in the near term that have resulted in a consistent sort of 57 million monthly actives, which grew 2% year-over-year in December. Source: earnings call transcript	57M It's a pretty meaningful unlock for us that deepens the connection between the ecosystems and exposes our Buy Now, Pay Later products to the 57 million monthly actives over time. Source: earnings call transcript	—	58M Cash App's 24% year-over-year gross profit growth in the third quarter accelerated from 16% in the second quarter, our focus on reaccelerating active growth and increasing network density is working as we reached 58 million monthly actives in September. Source: earnings call transcript	59M Cash App monthly actives returned to growth in the second half of 2025, ending the year at $59 million, and we executed on our engagement strategies with primary banking actives growing 22% year-over-year to 9.3 million monthly actives in December. Source: earnings call transcript	59M And while this looks like 59 million for 2 quarters in a row, that's just an artifact of rounding and how we report. Source: earnings call transcript	0%
Active accounts Cash App Banking	—	—	—	—	9.3M Cash App monthly actives returned to growth in the second half of 2025, ending the year at $59 million, and we executed on our engagement strategies with primary banking actives growing 22% year-over-year to 9.3 million monthly actives in December. Source: earnings call transcript	9.7M We continue to deepen engagement across our actives base with inflows per transacting active up 10% year-over-year and primary banking actives growth of 18% year-over-year to $9.7 million. Source: earnings call transcript	+4.3%
Active accounts Cash App Sponsored Teen	—	—	5M In June, we had 5 million sponsored teen actives and 1.7 million actives that had graduated from a sponsored account to an individual Cash App account. Source: earnings call transcript	5M We've achieved massive scale on the Teams and Family side, we have 5 million monthly active teen accounts that are using Cash App, and we continue to invest to serve them. Source: earnings call transcript	—	—	0%
Active accounts Cash App Pay	—	—	7M If you compare post-purchase BNPL to Borrow at similar points in time, the newer product, which gets to learn from Borrow, is outpacing in terms of attach rates and in terms of loss rates and Cash App Pay now at 7 million monthly actives as of June. Source: earnings call transcript	—	8M+ It's continued to scale at a very meaningful pace, up 55% year-on-year and active surpassing 8 million in the fourth quarter. Source: earnings call transcript	—	—

Operating figures the company stated on at least two of the calls shown, checked against each call's transcript. Click a figure to read the sentence. A dash means it was not stated that quarter.

Inve summary of the company's earnings call; see how call summaries are prepared. Not investment advice.