08 Nov 2025 | 5 Mins Read
Block's shares drop 11% amid Square profitability concerns
Flipitmoney
Block shares fell 11.1% as profit growth lagged gross payments volume (GPV) growth at Square, with GPV increasing 12% in Q3 but gross profit growing 9.22%. This is the first time profit growth has trailed GPV growth since Q1 2023, sparking concerns among investors. Block's transaction and loan losses rose 89% to $363.5 million, driven by higher short-term borrowings in Cash App.