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Block 8-K Report, Financial Results (Aug 7, 2025)

Reports
Earnings & Results·Exhibits & Filings
Filing Date
Filed August 7, 2025
Period End
August 7, 2025
Securities
XYZBSQKZ
In the record · 2016–202610-K1110-Q338-K137

XYZ filed 11 annual reports (10-K), 33 quarterly reports (10-Q) and 137 current reports (8-K) between 2016 and 2026.

  1. Material agreement8-K · Mar ’17Mar ’17
  2. Material agreement8-K · Mar ’20Mar ’20
  3. Leadership change8-K · Apr ’22Apr ’22
  4. Leadership change8-K · Jun ’26Jun ’26

01—Abstract

Summary

Summary of the 8-K filed August 7, 2025. Cited figures are marked; the original filing is the authoritative source.

Block, Inc. (NYSE: XYZ) reported second-quarter 2025 results in a Shareholder Letter furnished as Exhibit 99.1 to this Form 8-K.

Gross profit was $2.54 billiona, up 14% year over year, with Cash App gross profit of $1.50 billion (up 16%) and Square gross profit of $1.03 billion (up 11%). Operating income was $484 million (19% of gross profit), and Adjusted Operating Income was $550 million (22% margin). Net income attributable to common stockholders was $538 million, and diluted EPS was $0.87, compared with $0.31 a year earlier.

Adjusted EBITDA was $891 millionb. Management raised its full-year 2025 guidance, now expecting gross profit of $10.17 billion (growth of over 14% year over year) and full-year Adjusted Operating Income of $2.03 billion, a 20% margin. For the third quarter, it expects gross profit of $2.60 billion (16% growth) and Adjusted Operating Income of $460 million, an 18% margin.

Management also said it expects gross profit growth to accelerate further, exiting 2025 at 19% year-over-year growth, with Borrow as the most meaningful contributor in the second half. During the quarter, Block repurchased 12.5 million Class A shares for $692 millionc and had $1.5 billion remaining under its repurchase authorization as of June 30, 2025. Total liquidity was $8.5 billion.

The company also noted that Borrow loans originated through its industrial bank are now classified as held for investment, shifting related cash flows from operating to investing activities. Management plans to discuss its cash generation capabilities at Investor Day.

02—Key points

Key Highlights

  1. Gross profit of $2.54 billion, up 14% year over year; Cash App gross profit rose 16% to $1.50 billion and Square gross profit rose 11% to $1.03 billion.
  2. GAAP operating income of $484 million versus $307 million a year earlier; Adjusted Operating Income of $550 million, a 22% margin of gross profit.
  3. Net income attributable to common stockholders of $538 million; diluted EPS of $0.87 versus $0.31 in Q2 2024, and Adjusted Diluted EPS of $0.62.
  4. Full-year 2025 guidance raised to $10.17 billion gross profit (growth of over 14%) and $2.03 billion Adjusted Operating Income (20% margin).
  5. Q3 2025 outlook calls for $2.60 billion gross profit (16% growth) and $460 million Adjusted Operating Income (18% margin).
  6. Square GPV reached $64.2 billion, up 10% year over year; Cash App gross profit per monthly transacting active rose 15% to $87.
  7. Repurchased 12.5 million Class A shares for $692 million in the quarter; $1.5 billion of repurchase authorization remained as of June 30, 2025.

03—Questions

Frequently Asked Questions

  1. How did Block perform in the second quarter of 2025?

    Block grew gross profit 14% year over year to $2.54 billion. Operating income was $484 million, Net income attributable to common stockholders was $538 million, and Adjusted EBITDA was $891 million.

  2. What changed in Block's 2025 guidance?

    Block raised its full-year 2025 outlook to $10.17 billion in gross profit (growth of over 14%) and $2.03 billion in Adjusted Operating Income at a 20% margin. The company said it raised Adjusted Operating Income guidance even while planning higher go-to-market investment.

  3. Which segments drove growth?

    Cash App gross profit rose 16% to $1.50 billion, driven by Borrow, Cash App Card, and BNPL. Square gross profit rose 11% to $1.03 billion, driven by software, integrated payments, and banking products. Square GPV grew 10% to $64.2 billion.

  4. What did Block do with its capital in the quarter?

    Block repurchased 12.5 million Class A shares for $692 million and had $1.5 billion remaining under its repurchase authorization as of June 30, 2025. The company reported total liquidity of $8.5 billion at quarter end.

  5. Why might the cash flow figures look different going forward?

    Borrow loans originated through Square Financial Services are now classified as held for investment rather than held for sale. This shifts those receivables from operating cash flow to investing cash flow. Management plans to provide a fuller view of its cash generation capabilities at Investor Day.

04—Continue

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