Block Inc. CEO Jack Dorsey spoke at the Bitcoin 2021 conference. Block shares rose in after-hours trading as the company beat analyst expectations. Gross profit increased 14% to $2.54 billion, with $64.25 billion in gross payment volume. Full-year gross profit guidance was raised to $10.17 billion, with an operating margin of 20%. Square payment volume grew 10% in the quarter. Block faces competition from Toast and Clover but is gaining share in retail and food and beverage. Stock is down 10% this year but was added to the S&P 500 last month.

Read more at CNBC: Block (XYZ) Q2 2025 earnings report