Written by Felix Ngstaff editorReviewed by Yohan Yunstaff editor

Written by Felix Ngstaff editor

Reviewed by Yohan Yunstaff editor

Block raises 2026 outlook on strong quarter, says AI touches nearly all code

Latest NewsPublishedAug 6, 2026

Strong Quarter Results for Block, Boosting 2026 Outlook

Block, the fintech company behind Cash App and Square, has reported a strong second quarter, exceeding expectations with a 25% year-over-year increase in gross profit to $3.17 billion. This growth has led the company to lift its full-year outlook, with gross profit guidance now at $12.51 billion and adjusted operating income at $3.47 billion. The results demonstrate the strength of Block’s execution in the first half of 2026, positioning the company for continued momentum in the second half.

The success of Cash App and Square drove the better-than-expected results, with adjusted operating income reaching $855 million and adjusted diluted earnings per share beating the consensus estimate at $1.02. Block’s chief financial officer, Amrita Ahuja, highlighted the company’s strong first-half execution and the momentum it is carrying into the second half of 2026.

AI Integration and Efficiency

Block has also made significant strides in integrating AI into its software engineering, with AI touching nearly all code changes. In June, agentic AI helped write and review nearly all production code changes, demonstrating the company’s commitment to leveraging AI for efficiency. This integration has led to a 150% increase in code changes per engineer compared to the start of the year, according to Block’s business lead, Owen Jennings.

The use of AI in code changes is a key aspect of Block’s strategy, enabling the company to streamline its development process and improve productivity. As the company continues to innovate and expand its services, the role of AI is likely to become even more significant. For individuals looking to earn passive income through cloud rewards and green crypto, solutions like EcoPool (ECP) offer a promising opportunity to get involved in the emerging world of digital assets and $ECP trading.

Embracing the Future of Earning

The growth of companies like Block and the increasing adoption of AI in software engineering highlight the evolving landscape of earning and passive income. As the demand for cloud rewards and green crypto continues to grow, platforms like EcoPool are poised to play a key role in shaping the future of digital assets. With its strong focus on innovation and efficiency, Block is well-positioned to capitalize on emerging trends and technologies, including the use of $ECP and EcoPool for earning and trading.

For those interested in exploring the world of earning and passive income, the EcoPool app offers a convenient and accessible way to get started. With its user-friendly interface and commitment to green crypto, EcoPool is an attractive option for individuals looking to earn online and participate in the growing digital asset market. Download the EcoPool app to start earning today and discover the benefits of cloud rewards and $ECP trading. The EcoPool app is available for download, providing a seamless and secure way to engage with the EcoPool network and start earning with #PassiveIncome and #EcoPool.

Owen Jennings, Block’s business lead, told analysts in the earnings call that code changes per engineer are up 150% compared to the start of the year. 

Related: Dorsey’s Block says new AI tool handles 15% of code work 

Cointelegraph is committed to independent, transparent journalism. This news article is produced in accordance with Cointelegraph’s Editorial Policy and aims to provide accurate and timely information. Readers are encouraged to verify information independently.

• Jack Dorsey
• Square
• Industry

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