Block Inc. (NYSE: SQ) stock lit up the market today, surging 11% in regular trading after the fintech giant posted better-than-expected Q2 earnings and raised its full-year profit outlook. The rally adds to a stunning 28.18% surge over the past month, leaving investors wondering: is this just the beginning of a bigger breakout?

The earnings call was packed with positive news — especially around resilient consumer spending, growing profitability, and strong performances from both Cash App and Square, the company’s two financial engines.

What’s driving Block's stock surge today?

The spark behind today’s 11% stock spike is simple: Block crushed earnings expectations.

• Adjusted net income rose to $385 million, or $0.62 per share, beating analyst expectations.
  
  
• This is up from $301 million ($0.47 per share) a year ago.
  
  
• Gross profit forecast for the full year was lifted to $10.17 billion, up from $9.96 billion.
  
  

Wall Street welcomed these numbers with open arms, sending Block’s shares higher in one of their strongest single-day moves in recent months.

Cash App and Square continue to power Block’s growth

Investors also took notice of how well Block’s core platforms performed:

• Cash App reported 16% year-over-year gross profit growth.
  
  
• Square, which focuses on sellers and small businesses, saw 11% growth.
  
  

While growth has cooled slightly compared to last year, both arms of the business are showing resilience in a challenging macro environment. The company’s two-pronged strategy seems to be paying off.

Raised profit forecast shows management's confidence

Perhaps the biggest catalyst was Block’s raised guidance for the year. Management now expects $10.17 billion in gross profit for 2025, suggesting strong confidence in the platform's continued momentum and consumer strength.

This was a clear vote of confidence — and the market reacted fast.

How high can Block stock go from here?

With a 28.18% gain over the past month and today’s 11% pop, investors are naturally asking — what’s next?

Block’s performance has re-energized bulls who see upside in its growing user base, expanding monetization, and return to strong profitability. But questions still remain:

• Can Block maintain this momentum through the second half of the year?
  
  
• Will rising interest rates or consumer weakness slow things down?
  
  

Analyst outlook: is an even bigger Block rally around the corner?

Many analysts are now reassessing their price targets. Given today’s move and the stronger fundamentals, more upgrades could be coming soon.

With the fintech sector heating up again and Block back in growth mode, a bigger rally may be around the corner — especially if macro conditions remain stable.

Block’s impressive earnings and upbeat outlook have sparked serious market enthusiasm. A double-digit daily gain and nearly 30% monthly surge show just how powerful investor sentiment has become.

The story isn’t over yet — and if Block can keep executing, the stock may have more room to run.

FAQs:

Q1: Why did Block stock jump 11% today?
Block stock surged after strong earnings and a raised profit outlook.

Q2: Is Block stock still a good buy after its 28% monthly rally?
Many investors see more upside if growth stays strong.