Published Aug 5, 2026, 4:33 PM ET · Updated 3 months ago · 2 sources
THE BLOCK: Jack Dorsey’s Block saw bitcoin ecosystem gross profit fall 31% to $72 million after cutting certain Cash App trading fees. Gross profit still jumped 25% to $3.17 billion, prompting Block to raise its full-year outlook as $XYZ shares climbed 4.5% after hours.
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Original Report
THE BLOCK: Jack Dorsey’s Block saw bitcoin ecosystem gross profit fall 31% to $72 million after cutting certain Cash App trading fees. Gross profit still jumped 25% to $3.17 billion, prompting Block to raise its full-year outlook as $XYZ shares climbed 4.5% after hours.