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Benzinga
Benzinga
Business
Rishabh Mishra

Block CEO Jack Dorsey Credits AI For 'Super-Bullish' Outlook, Faster Product Launches—Raises Full-Year Profit Guidance To $10.17 Billion

Jack Dorsey Block XYZ Block, Inc. Artificial Intelligence
Jack Dorsey Photo by Frederic Legrand - COMEO on Shutterstock

Fintech firm Block Inc. (NYSE:XYZ) announced a significant boost to its full-year guidance despite a worse-than-expected second quarter, with CEO Jack Dorsey attributing the company's accelerated growth and product velocity to its adoption of artificial intelligence (AI).

What Happened: In the second quarter 2025 earnings call, Block raised its full-year gross profit guidance to $10.17 billion, reflecting a renewed confidence in its strategic direction.

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