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Block sees Q1 gross profit $2.32B, or 11% y/y growth

Block sees Q1 gross profit $2.32B, or 11% y/y growth

Sees Q1 adjusted operating income $430M. “Were excited about Squares improving growth trajectory and plans for another strong year for Cash App. We remain committed to long-term growth investments while maintaining operational efficiency. With our updated outlook, we now expect to exit 2025 at a Rule of 40 run rate and remain on track to achieve our target of Rule of 40 in 2026.”

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