Block Inc, formerly Square, forecasts revenue growth in 2025 but struggles with stock performance

From Yahoo Finance: 2025-06-30 13:13:00

Block Inc, formerly Square, operates two major ecosystems: Square for businesses and Cash App for consumers. Valued at $41 billion, Block stock has struggled, down 20% YTD. Revenue for Q1 2025 was $5.7 billion, missing estimates. Block forecasts a 9.5% increase in Q2 gross profit and a 12% increase for the full fiscal year.

CEO Jack Dorsey announced that Proto will launch in the second half of 2025. Block is tightening its cost base and focusing on Cash App BNPL, Proto, and Square’s product velocity for future growth. Analysts predict an 18.7% drop in earnings, rebounding by 38.6% in 2026. Block stock is a “Moderate Buy” on Wall Street.



Read more at Yahoo Finance: Is Block Stock Set to Rebound in 2025?