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Block’s Pivotal Seller Push — New ISO Sellers Jump More Than 150% Sequentially!

Block, Inc. reported financial results for the second quarter reflecting continued momentum across its core ecosystems of Square and Cash App. The company exceeded guidance, achieving record adjusted operating income margin of 27% and adjusted diluted EPS growth of 65% year-over-year. Gross profit rose 25% year-over-year, driven by broad-based strength including a 13% increase in Square’s gross profit and gross payment volume (GPV), and a 31% rise in Cash App gross profit. Notably, U.S. GPV growth accelerated to the strongest rate since mid-2023, supported by expanding distribution channels such as ISO partners, which contributed to more than 150% quarter-over-quarter growth in new sellers on the Square platform. Square benefited from product innovations tailored to key verticals, including food and beverage and mid-market segments showing growth above 20%. The company’s go-to-market investments, including self-onboarding initiatives, field sales, and partner channels, reinforced the compounding effects of its product roadmap and distribution expansion.