Block Inc.'s Bitcoin-related gross profit halved due to Cash App fee reductions
Original headline米ブロック社、ビットコイン関連粗利益が半減 Cash Appの手数料引き下げで
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Block Inc. reported a 50% year-over-year decline in Bitcoin-related gross profit to $52 million for its fiscal third quarter ending September 2026, attributing the drop to fee reductions on some Bitcoin transactions within its Cash App business. Despite that contraction, the company's overall net income rose to $566 million, and Block raised its full-year gross profit guidance. The results matter because they show how fee cuts meant to drive Bitcoin transaction volume are compressing near-term Bitcoin revenue economics even as the broader business strengthens. Investors will be watching whether lower fees translate into higher Bitcoin volumes and engagement on Cash App, and whether the raised full-year gross profit outlook holds through the remainder of the fiscal year.
Muhabbit's AI wrote this summary in its own words from CoinPost's report and translated it from Japanese. It can get details wrong, so check the source.
Named in this story
Block, Inc., Cash App, Bitcoin (BTC)
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