XYZ · 8-K · 20260805PR335117

Square U.S. Demand Trends

Block, Inc. · 2026-08-05 · Importance 30 · Surprise 40

Square U.S. GPV growth accelerated to 10% year over year in the second quarter, the strongest rate since the second quarter of 2023. New customer acquisition, retention, and same-store growth all contributed to the acceleration. New Volume Added from self-onboarded sellers grew at its fastest pace since Q2 2021, while upmarket momentum continued. Food and beverage seller GPV increased 20% year over year, retail grew 13%, and services grew 7%; the mid-market segment above $500,000 of annualized GPV had the fastest growth among seller segments.

Key facts

• Square GPV in Q2 2026: $72.848 billion, up 13% year over year on a reported and constant currency basis. source
• Square GPV for the three months ended Jun. 30, 2026: $72,848 (in millions). source
• Total Square GPV in Q2 2026 (table): $72,848 million. source
• Square U.S. GPV year-over-year growth in Q2 2026: 9.8% (reported). source