Block Inc. reported second-quarter 2025 results that missed Wall Street’s top- and bottom-line expectations but showed improving profitability. Adjusted earnings came in at $0.62 a share, short of the $0.69 consensus, while revenue slipped 2% year over year to $6.05 billion against projections of $6.29 billion. Overall gross profit rose about 14% to $2.54 billion, helping send the stock up roughly 10% in post-market trading. Cash App, Block’s consumer finance platform, generated $1.50 billion in gross profit, up 16% from a year earlier. Square, the company’s merchant-services arm, processed $64.25 billion in gross payment volume, a 10% increase. Buy-now-pay-later gross merchandise value reached $9.11 billion, growing 17% as Block integrated post-purchase lending into the Cash App Card. Buoyed by the stronger momentum, Block raised its full-year 2025 gross-profit outlook to $10.17 billion from $9.96 billion and lifted its adjusted operating-income target to $2.03 billion. It forecast third-quarter gross profit of about $2.60 billion and said it expects growth to accelerate through the fourth quarter. The company repurchased 12.5 million shares for $692 million during the quarter and still has $1.5 billion remaining under its authorization.