Summary
TLDR: Block’s shares are up 13% in after-hours trading to $76, with a gross profit growth of 22% yearly to $2.03 billion. Square’s gross profit is up 18% to $828 million, and Cash App’s gross profit is up 25% to $1.18 billion.
Key Points
1. Block’s shares are up 13% in after-hours trading to $76.
2. Block reported a 22% yearly growth in gross profit to $2.03 billion.
3. Square’s gross profit increased by 18% year over year, while Cash App’s gross profit grew by 25% year over year.