Block Inc. raises 2025 profit forecast to $10.17b from $9.96b after a strong Q2. Shares surge 8% in after-hours trading following the upbeat outlook. Cash App gross profit jumps 16% to $1.50b, beating ...

The company behind payment systems Cash App and Square sees full-year gross profit, a key indicator for Block, increasing 14.4%, up from previous guidance of 12% growth.

Block's total gross payment volume (GPV) grew 7.5% year-on-year, accelerating from 4.4% in the previous quarter, to $66.6 billion, ahead of Street expectations of $66.1 billion, Perlin. Cash App ...

Cash App rebound estimated to help Block beat Q2 consensus, raise outlook Aug. 06, 2025 2:10 PM ET Block, Inc. (XYZ) Stock By: Mary Christine Joy, SA News Editor Play (4min) ...

In case you missed it: Cash App's parent company ordered to pay $175M for weak security procedures, feds say Block agreed in January to pay an $80 million civil fine to settle similar charges by ...

Block made $7.5 billion in gross profit in 2023, roughly $4 billion of which came from Cash App, according to the CFPB.

In November, Block Inc. said in its third quarter earnings report that Cash App had 57 million active users who use the platform to transfer money, save or even invest.

Cash App Borrow maintains <3% loss rates, while Square Capital and Afterpay generate 30%+ ROIC on short-term loans. Block holds 8.36K BTC (~$845M), with a 10% BTC drop erasing ~$85M in equity ...

Shares of Block dropped after analysts expressed concern its Cash App performance was weaker than expected. The parent company of Square and Cash App's stock fell almost 22%, to $45.71, late ...