Estimated reading time: 3 minutes
Financial Performance
Block reported strong Q2 2025 results, beating EPS estimates despite a revenue miss, driven by Square and Cash App growth. The company raised its full-year guidance.
[](https://www.zacks.com/stock/news/2684373/blocks-q2-earnings-beat-estimates-2025-guidance-raised-shares-up)| Metric | Value | Consensus Estimate | Year-Over-Year Change |
|---|---|---|---|
| Revenue | $6.05 billion | $6.31 billion | -1.6% |
| EPS (Adjusted) | $0.62 | $0.60 | -33.3% |
| Gross Profit | $2.54 billion | N/A | +13.6% |
| Gross Payment Volume (GPV) | $66.6 billion | N/A | +7.5% |
Segment Performance: Square’s GPV grew 10.1% to $64.2 billion, driven by food, beverage, and retail. Cash App’s gross profit rose 15.6% to $1.50 billion, with 57 million active users.
Market Reaction
Stock Movement: Shares rose over 6% in pre-market trading on August 8, 2025, reflecting positive sentiment on guidance and execution.
[](https://www.zacks.com/stock/news/2684373/blocks-q2-earnings-beat-estimates-2025-guidance-raised-shares-up)Analyst Sentiment: Block holds a Zacks Rank #3 (Hold), with analysts optimistic about Square and Cash App growth but cautious on Bitcoin revenue declines.
Operational Insights
Square Ecosystem: Strong growth in software, integrated payments, and banking products drove Square’s performance.
Cash App: Growth in Cash App Borrow, Card, and BNPL increased engagement, with gross profit per active user up 15% to $87.
Share Repurchasing: Block repurchased $692 million in shares, with $1.5 billion remaining in its authorization.
Guidance
Q3 2025 Outlook: Block expects gross profit of $2.60 billion (+16% YoY) and adjusted operating income of $460 million (18% margin). FY 2025 gross profit is projected at $10.17 billion (+14.4%).
[](https://www.zacks.com/stock/news/2684373/blocks-q2-earnings-beat-estimates-2025-guidance-raised-shares-up)Risks
Bitcoin Volatility: A 17.9% drop in Bitcoin revenue could persist with crypto market fluctuations.
Competition: PayPal and Affirm could challenge Square and Cash App growth.
[](https://www.zacks.com/stock/news/2684373/blocks-q2-earnings-beat-estimates-2025-guidance-raised-shares-up)Economic Sensitivity: A consumer spending slowdown could impact GPV growth.
Conclusion
Block’s Q2 2025 results highlight strong execution in Square and Cash App, with raised guidance signaling confidence. Bitcoin revenue declines and competition pose risks, but the fintech outlook remains robust.
Disclaimer: This is not financial advice. Investing involves risks, and past performance is not indicative of future results. Always consult a financial advisor and conduct thorough research before making investment decisions.
