Block, Inc. announced its second-quarter 2025 financial results on August 7, 2025, reporting a gross profit of $2.54 billion, a 14% increase year-over-year, surpassing analysts' estimates of $2.46 billion. Net income more than doubled to $538.5 million, or $0.87 per share, from $195.3 million, or $0.31 per share, a year earlier.
The company raised its full-year 2025 gross profit guidance to $10.17 billion, representing over 14% year-over-year growth, up from its prior guidance of $9.96 billion. Adjusted operating income for the full year is now projected at $2.03 billion, achieving a 20% margin.
Square's Gross Payment Volume (GPV) increased 10% to $64.25 billion, with continued market share gains in retail and food and beverage. Block also reported Bitcoin holdings of approximately 8,692 bitcoins with a fair value of $931.7 million as of June 30, 2025, recognizing a $212.2 million gain from remeasurement in the quarter. For the third quarter, gross profit is expected to grow 16% year-over-year to $2.6 billion.
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