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Block sees strong profit growth and margin expansion driven by Cash App lending success

Analyst Insights
09 Jun 2026
Seeking Alpha
View Source
Bullish
pluang ai news

Block, Inc. reported 27% year-over-year gross profit growth and 56% adjusted operating income growth, surpassing expectations due to explosive growth in its Cash App lending platform. The company expects 19-20% gross profit growth in 2024 with long-term incremental margins of 25-30%, supported by a strong balance sheet and disciplined cost management. This performance highlights Block's operational leverage and positions it well for continued growth and margin expansion.

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