This year, analysts said that wasn't the case for Block. "Block's 1Q25 results missed expectations due to weaker Cash App gross profit, despite typically strong seasonality from tax refunds ...

Many flagged fresh concerns around stagnant Cash App user growth, muted consumer demand and a soft ... The financial services company missed across the board — on revenue, gross profit and payment ...

The payments firm has singled out Afterpay as a driver of growth. Block saw gross profit for Cash App grow just 10% for the quarter — to $1.38 billion — compared to the same time period in 2024.

Though concerns persist about a consumer ... adding that the company's forecast of 9.5% gross profit growth in the second quarter appeared "incredibly conservative". SQUARE BUSINESS STRENGTH Despite ...

Shares of Block Inc. are on a downward spiral after the parent of the popular money-transfer app Cash App reported results ... after Block cut its full-year profit guidance as a result of a ...

Block cut its profit forecast for 2025 and missed estimates for quarterly earnings on Thursday as the payments firm grapples with muted consumer spending, sending its shares down 19% in extended ...

Although customers who use Cash App have serious concerns about security and privacy, it has grown over 10 years to become one of the most popular peer-to-peer payment platforms in the United States.

Many flagged fresh concerns around stagnant Cash App user growth ... company missed across the board — on revenue, gross profit and payment volume — and slashed its full-year guidance ...