Jack Dorsey and Amrita Ahuja at the 2025 J.P. Morgan Technology, Media and Communications Conference
This week, Block Head Jack Dorsey and Foundational Lead Amrita Ahuja joined J.P. Morgan’s Tien-Tsin Huang on stage at the 2025 J.P. Morgan Global Technology, Media and Communications Conference. Their conversation focused on how Block is navigating the macro environment while accelerating long-term growth across its ecosystem.
Amrita shared an update on Cash App’s gross profit growth in April, noting an improvement from trends exiting the first quarter. In April, Cash App’s gross profit grew 13% year over year on a normalized basis, up from 7% in March. Inflows per active, which is an indicator of engagement, also accelerated, growing 9% year over year compared to 5% in March. Amrita also outlined the key drivers expected to accelerate growth in the second half of 2025, including the expansion of Cash App Borrow, the launch of Cash App Afterpay, continued share gains in Square, and initial gross profit contribution from Proto later this year. “We continue to have conviction that we can reaccelerate gross profit growth with clear line of sight into these initiatives,” she said.
Speaking about Cash App, Jack discussed the importance of expanding the network and deepening engagement, noting that stronger network density is a foundation for sustained growth. “If we have that density, we can build even more engagement,” he said, pointing to opportunities with P2P activity as well as connecting with families and teens.
On Square, Jack highlighted Square’s first biannual product release, showcasing over 100 new products and features—including the new Square Handheld device. Amrita noted that increased investments in sales, partnerships, and marketing are already showing results, with stronger client wins and growing partner-driven volume. When asked about Design & Engineering talent as well as development velocity, Jack responded “We’re back.”
The conversation also touched on how Block is applying AI to accelerate execution across the business. Jack described the rollout of codename goose, an agentic tool that has already improved engineering productivity and is being expanded to more teams internally. “We’re focused on full autonomy—building systems that prompt people with the right actions, not just tools that respond to questions,” he said.
Listen to the full session from the conference.
This post contains forward-looking statements, including statements regarding Block's expected financial performance in 2025. These statements are subject to certain risks and uncertainties, including changes in macroeconomic conditions. Please refer to Block’s most recent filings with the Securities and Exchange Commission for a discussion of risk factors that could cause Block’s results to differ materially. Block disclaims any obligation to update any forward-looking statements, except as required by law.
This week, Block Head Jack Dorsey and Foundational Lead Amrita Ahuja joined J.P. Morgan’s Tien-Tsin Huang on stage at the 2025 J.P. Morgan Global Technology, Media and Communications Conference. Their conversation focused on how Block is navigating the macro environment while accelerating long-term growth across its ecosystem.
Amrita shared an update on Cash App’s gross profit growth in April, noting an improvement from trends exiting the first quarter. In April, Cash App’s gross profit grew 13% year over year on a normalized basis, up from 7% in March. Inflows per active, which is an indicator of engagement, also accelerated, growing 9% year over year compared to 5% in March. Amrita also outlined the key drivers expected to accelerate growth in the second half of 2025, including the expansion of Cash App Borrow, the launch of Cash App Afterpay, continued share gains in Square, and initial gross profit contribution from Proto later this year. “We continue to have conviction that we can reaccelerate gross profit growth with clear line of sight into these initiatives,” she said.
Speaking about Cash App, Jack discussed the importance of expanding the network and deepening engagement, noting that stronger network density is a foundation for sustained growth. “If we have that density, we can build even more engagement,” he said, pointing to opportunities with P2P activity as well as connecting with families and teens.
On Square, Jack highlighted Square’s first biannual product release, showcasing over 100 new products and features—including the new Square Handheld device. Amrita noted that increased investments in sales, partnerships, and marketing are already showing results, with stronger client wins and growing partner-driven volume. When asked about Design & Engineering talent as well as development velocity, Jack responded “We’re back.”
The conversation also touched on how Block is applying AI to accelerate execution across the business. Jack described the rollout of codename goose, an agentic tool that has already improved engineering productivity and is being expanded to more teams internally. “We’re focused on full autonomy—building systems that prompt people with the right actions, not just tools that respond to questions,” he said.
Listen to the full session from the conference.
This post contains forward-looking statements, including statements regarding Block's expected financial performance in 2025. These statements are subject to certain risks and uncertainties, including changes in macroeconomic conditions. Please refer to Block’s most recent filings with the Securities and Exchange Commission for a discussion of risk factors that could cause Block’s results to differ materially. Block disclaims any obligation to update any forward-looking statements, except as required by law.