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.

Square gross profit rose 15%, while Cash App grew 21% year-over-year. She also noted an adjusted EBITDA of $3.03 billion, a 69% increase year-over-year, and a $2.07 billion adjusted free cash flow ...

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 ...

Cash App gross profit fell short of expectations, largely from softer inflows and Cash App Card spend than the company had forecasted. It sees Cash App gross profit growth, and Block gross profit ...

Block shares were on track for their second-worst day Friday, plunging more than 20% as investors digested a brutal quarterly report and a wave of analyst downgrades centered on one issue: Cash App.

Afterpay officially has a new name. The “buy now, pay later” platform merged with the mobile banking application Cash App to debut a new brand: Cash App Afterpay. “The scale of Cash App’s ...