Block Inc. (NYSE:XYZ) reported stronger-than-expected second-quarter results, driven by robust performance from its Cash App business. The company reported a gross profit of $3.17 billion, adjusted operating income of $864 million, and revenue growth of 9.3% year-over-year to $6.62 billion. Cash App's gross profit increased by 31% year-over-year, with consumer loan originations surging by 59%. Additionally, Block for the first time opened its Cash App Score to external lenders through a partnership with Nova Credit, aiming to monetize its data infrastructure and expand revenue streams. Boosted by these results, management raised its full-year guidance, projecting gross profit to exceed $12.5 billion, adjusted diluted EPS growth of 70%, and an adjusted operating margin of 28%.