Block, Inc. · 2026-08-06 · Importance 51 · Surprise 64
Block reported continued momentum across its Cash App and Square ecosystems in the second quarter. Cash App gross profit increased 31% year over year, while Square gross profit increased 13%, with Square growth reportedly matching user growth. Lending originations reached $18.9 billion, up 59% year over year, indicating strong demand for Cash App lending products.
Key facts
TD Cowen increased its target price for BLOCK, INC. to $105, up from the previous target of $101. source
Block Q2 earnings beat estimates with top-and-bottom-line beats, and shares touched a new 52-week high after the report. source