XYZ · News · 20260808N

Market Demand Trends

Block, Inc. · 2026-08-08 · 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

• Assenagon Asset Management S.A. boosted its holdings in Block, Inc. by 372.8% during the second quarter and owned 937,540 shares after purchasing an additional 739,264 shares during the quarter. source