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.
Dorsey expressed an optimistic outlook, telling analysts, “I’ve never been more confident of our ability to do that better than I am today… I’m super excited and super bullish on our ability to chip faster, which will make every single thing about Cash App and also Square that much better and more usable.”
This bullish sentiment is a direct result of the company’s focus on faster innovation. Dorsey highlighted the success of new products like Cash App Pools, which went from “ideation to execution and shipping to customers within three months.”
He …