According to CoinMeta, and as reported by Bloomberg, Block Inc's revenue and profits in the second quarter both exceeded expectations, and the company raised its full-year profit forecast. The company expects gross profit of $12.5 billion, adjusted operating income of $3.5 billion, and adjusted diluted earnings per share of $4.02 for 2026. Square and Cash App businesses have seen growth, and AI tools have increased the amount of code modification per engineer by 150%. As a result, the company's stock price rose by about 3% after the market closed. However, due to the low price of Bitcoin and reduced transaction fees, the gross profit from the Bitcoin business decreased by 31%.