According to Bloomberg, digital payment company Block's Q2 gross profit grew 25% year-over-year to $3.2 billion, with adjusted operating profit at $864 million and adjusted earnings per share at $1.02, all exceeding market expectations. However, due to restructuring costs and increased marketing and sales expenses, net profit dropped 84% year-over-year to $88.5 million. The company raised its 2026 guidance for gross profit, adjusted operating profit, and adjusted diluted EPS to $12.5 billion, $3.5 billion, and $4.02, respectively, citing growth in Square and Cash App businesses and improved cost efficiency driving performance. Block previously conducted large-scale layoffs and integrated AI tools for internal development and products aimed at merchants and users. Meanwhile, Bitcoin-related gross profit fell 31%, mainly due to weak coin prices and reduced transaction fees in some cases. https://(wublock123.com)/news/block-raises-2026-guidance-q2-gross-profit-up-25-65974