Block Reports Q2 2025 Gross Profit of $2.54 Billion as Cash App Holds at 57 Million Monthly Transacting Actives

Block reported second-quarter 2025 gross profit of $2.54 billion on 7 August 2025, a 14% increase year-on-year, compared with the 9% growth the company recorded in the first quarter. The result was disclosed in the company's quarterly earnings materials, and Block raised its full-year gross profit guidance for 2025.

Cash App, Block's consumer financial platform, generated gross profit of $1.50 billion in the quarter, up 16% year-on-year, and reported 57 million monthly transacting actives. That metric captures users who completed at least one financial transaction during the month.

SEGMENT PERFORMANCE

Block said Cash App gross profit growth was driven by Cash App Borrow, Cash App Card and buy now, pay later, while Square gross profit rose 11% as gross payment volume grew 10%.

FULL-YEAR GUIDANCE RAISED TO $10.17 BILLION

Block raised its full-year 2025 gross profit guidance to $10.17 billion, equivalent to a 14.4% increase year-on-year. The revised target is up from the $9.96 billion forecast Block gave in May.