• Strong Q2 performance with Square GPV up 10% YoY and Cash App gross profit up 16% YoY
• Expanding Cash App's ecosystem with new products like Pools for P2P payments
• Deepening banking functionality to drive increased engagement and make Cash App the primary financial platform

Block, Inc. reported strong second quarter 2025 results, with Square GPV growing 10% year-over-year and Cash App gross profit increasing 16% year-over-year. The company is focused on expanding Cash App's ecosystem, including the launch of Pools for peer-to-peer payments, and deepening its banking functionality to drive increased engagement and make Cash App the primary financial platform for customers. Cash App is building the financial operating system for the next generation, with a scaled P2P network, commerce tools, deep banking functionality, and tools for transacting in bitcoin. The company is also focused on enabling small businesses and consumers to connect through tools like Cash Local. Block continues to invest in its sales efforts, both through field sales and telesales, and is reaching more sellers, including upmarket clients in the quick-service restaurant and other verticals. The company will host its next biannual Square Releases event in October to showcase additional products and features designed for quick-service restaurants.