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Block Inc Q2 Gross Profit Reaches $25.4 Billion, Up 14% Year-on-Year
Summary: According to reports from The Block, Twitter co-founder Jack Dorsey's payment platform Block Inc reported an increase in revenue in the second quarter of this year, driving its stock price up 6% in after-hours trading on Thursday. According to the latest quarterly financial report released on Thursday, Block achieved a gross profit of $25.4 billion ...
According to reports from The Block, Twitter co-founder Jack Dorsey's payment platform Block Inc reported an increase in revenue in the second quarter of this year, driving its stock price up 6% in after-hours trading on Thursday.
According to the latest quarterly financial report released on Thursday, Block achieved a gross profit of $25.4 billion in the second quarter, up 14% year-on-year. The company stated in another shareholder letter that it has raised its gross profit forecast for 2025 to $101.7 billion, higher than the previous estimate of $99.6 billion.
In the second quarter, Block's net profit attributable to common stockholders was $5.3846 billion, compared to $1.9527 billion in the same period last year.
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Link: Block Inc Q2 Gross Profit Reaches $25.4 Billion, Up 14% Year-on-Year [Copy]
