[Block's Q3 Gross Profit Reaches $3.24 Billion, Up 22% Year-over-Year] According to Block's Q3 shareholder letter to the U.S. SEC, its gross profit for the third quarter was $3.24 billion, a 22% year-over-year increase. Cash App's gross profit was $2.07 billion, up 27% year-over-year, and Square's gross profit was $1.16 billion, up 14% year-over-year. Bitcoin-related revenue was $1.8 billion, with a gross profit of $52 million, a 50% year-over-year decrease, which Block attributed primarily to a reduction in some Bitcoin transaction fees on the Cash App. Adjusted operating profit was $923 million, a 92% year-over-year increase. Block raised its full-year 2026 gross profit guidance to $12.63 billion, a 22% year-over-year increase. According to The Motley Fool, Block's stock price rose approximately 8% in after-hours trading.