Jack Dorsey’s financial services company Block, Inc. is reporting its Q1 2026 financial results today, with Evercore ISI analyst Adam Frisch reiterating an “Outperform” rating and a price target of $96 — implying approximately 35% upside from current levels around $70.92.
Frisch expects the results to show continued fundamental improvement across both Square and Cash App, though the quarter will include severance-related costs stemming from Block’s 40% staff reduction announced earlier this year. He does not anticipate any material changes to the company’s full-year 2026 guidance, as updated expectations were already provided during the Q4 earnings call.
Dorsey attributed the sweeping layoffs to broader AI adoption within the company’s operations, and has since stated his belief that AI will replace middle management in the near future. In Q4 2025, Block reported gross profit of $2.87 billion, up 24% year-over-year — a strong baseline heading into today’s results.
Block’s products integrate Bitcoin throughout, from Cash App’s Bitcoin buying feature to broader infrastructure plays. The company remains one of the most prominent Bitcoin-aligned fintech businesses publicly traded on Wall Street.
