Block Q2 gross profit reached $2.54 billion, a year-on-year increase of 14%

Block Inc announced its second quarter financial report, with a gross profit of $2.54 billion, a year-on-year increase of 14%, driving its stock price up 6% after hours. The company has raised its gross profit forecast for 2025 to $10.17 billion. In addition, the net profit attributable to common shareholders was $538 million, a significant increase from $195 million in the same period last year.