Block reports Q2 revenue up 9% YoY to $6.62B, vs. $6.49B est., Cash App gross profit up 31% to $1.97B, and raises its FY 2026 gross profit forecast
THE SO WHAT
Cash App’s 31% gross profit growth on a much slower 9% top-line lift shows where Block’s margin engine really sits—consumer fintech, not just merchant services. If you’re in payments or SMB software, assume your users are being trained to expect banking, credit, and P2P features as part of the bundle.
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