EconomyBlock raises 2026 profit forecast on Cash App growth and resilient spending

Payments company Block increased its full-year gross profit forecast. The company had reported results that exceeded market expectations. Resilient consumer spending supported the performance, while strong growth in its Cash App business provided another key driver. The updated outlook reflects the firm’s view that these trends are continuing through 2026.

BlockCash Appprofit forecastconsumer spending

RReuters★★☆☆☆2026-08-05 22:01Original