XYZ · News · 20260806N
Revenue Performance and Mix
Block, Inc. · 2026-08-06 · Importance 51 · Surprise 64 · Contradicted
Block’s second-quarter 2026 gross profit increased 25% year over year, exceeding the 20% growth targeted ahead of earnings. Cash App gross profit rose 31% year over year, while Square gross profit increased 13%. Cash App lending originations reached $18.9 billion, up 59% year over year, and Square’s gross-profit growth matched its user growth at 13%.
Key facts
- Lending originations hit $18.9B, up 59%. source
- CashApp gross profit rose 31%. source
- Gross Profit grew 25% year over year in the second quarter. source
- Square's gross profit rose 13%. source
Impact estimates
| metric | direction | stage | expected | basis |
|---|---|---|---|---|
| assets | positive | realized | — | Lending originations hit $18.9B, up 59%. |
| operating_income | positive | realized | — | CashApp gross profit rose 31%. |