Block Inc Q2 Gross Profit Reaches $2.54 Billion, Up 14% Year-over-Year

BlockBeats News, August 8th, according to The Block, Twitter co-founder Jack Dorsey's payment platform Block Inc reported that its revenue grew in the second quarter of this year, driving its stock price up 6% in after-hours trading on Thursday.

According to the latest quarterly earnings report released on Thursday, Block achieved a gross profit of $2.54 billion in the second quarter, a 14% year-over-year increase. The company stated in another shareholder letter that it has raised its gross profit forecast for 2025 to $10.17 billion, higher than the previously estimated $9.96 billion.

In the second quarter, Block's net profit attributable to common stockholders was $538.46 million, compared to $195.27 million in the same period last year.