XYZ · Earnings call · 2026Q2T · Full report

Cash App Ecosystem Growth

Block, Inc. · 2026-08-05 · Importance 63 · Surprise 64 · In source text

Cash App gross profit grew 31% year-over-year, while monthly transacting actives increased 3% year-over-year in June and inflows per active rose 9% year-over-year. Cash App Commerce Enablement volume grew 17%, and consumer lending origination volume increased 59%, reflecting deeper engagement across commerce, banking, and lending. Management sees more than 100 million modern earners in the U.S. as a large addressable market and is targeting peer-only users, teens, families, and higher-income customers through Cash Card, Neighborhoods, Tags, Essentials, and managed accounts. Afterpay Pre-Purchase became generally available on Cash App Card, while Cash App Pay, Afterpay merchant distribution, phone plans, and broader lending products are intended to sustain growth as Cash App laps the prior expansion of Borrow.

Key facts

• Block said Cash App Afterpay Pre-Purchase on Cash App Card reached general availability in the second quarter.
• Block said stablecoins on Cash App reached general availability (GA).
• Block expects Cash App actives growth in the back half of 2026 in the low single-digit percentage range.
• Monthly transacting actives for Cash App grew 3% year-over-year in June.
• In Cash App, inflows per active grew year-over-year at a 9% growth rate.

Impact estimates