Why it matters: Overall year-over-year gross profit growth of 9% marked a meaningfully slowdown from recent results, with issues at Cash App as the main driver. Cash App year-over-year gross ...

Cash App generated $1.38 billion in gross profit in the first quarter, up 10% from a year earlier, but shy of the $1.42 ...

Block Inc. remains bullish that its Cash App financial-services platform will remain a growth driver this year, despite its ...

Earnings from PayPal and Block revealed diverging paths in peer-to-peer payments, with Venmo accelerating and Cash App losing ...

Block shares are down on Friday after downbeat Q1 results, missed estimates on Cash App's profits and GPV, but expects growth ...

Block reported first-quarter results that missed Wall Street expectations on Thursday and issued a disappointing outlook. The ...

"Block's 1Q25 results missed expectations due to weaker Cash App gross profit, despite typically strong seasonality from tax refunds," analysts from Oppenheimer wrote in a report. Block on Thursday ...

Block projects 2025 gross profit growth of 12%, reaching $9.96 billion, with low double-digit growth in Q3 and mid-teens growth in Q4. Q2 gross profit growth is expected at 9.5%.

Block's shares fell by 22% following a cut in the 2025 profit forecast, which raised concerns about the company's major ...

Stream Los Angeles News for free, 24/7, wherever you are. The first-quarter earnings miss rattled Wall Street, prompting multiple firms — including Wells Fargo, Seaport, BMO and Benchmark — to ...