Block's second-quarter profit rises as consumer spending stays resilient
05/08/2026 21:08
Block's second-quarter profit rises as consumer spending stays resilient Aug 5 (Reuters) - Jack Dorsey-led Block XYZ.N posted a higher second-quarter profit on Wednesday as sturdy consumer spending underpinned payment activity despite economic uncertainty.
Adjusted operating income rose to $864 million, or $1.02 per share, in the three months ended June 30. That compares with $550 million, or 62 cents per share, a year earlier.
(Reporting by Manya Saini in Bengaluru; Editing by Sriraj Kalluvila)
((Manya.Saini@thomsonreuters.com; X: manya__saini;))
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