Block Inc

XYZ

Market cap $45.1B

XYZ's Cash App banking push pays off as PBAs, inflows and lending rise, deepening engagement across its financial ecosystem.

XYZ's Cash App and Square fuel strong growth, while UPST's AI-driven lending and rapid loan expansion intensify the fintech battle.

Cash App is rolling out its stablecoin payment feature. “Stablecoin send and receive is now available for all eligible customers on Cash App,” the Block-owned company said in a Wednesday (May 27) press release.

Square and Homegrown have partnered on a pilot program that will offer expansion capital through flexible financing for Square sellers that have two or more locations and are ready to open another one.

XYZ's Square is likely to power Magnolia Soap & Bath Co.'s operations across 50+ locations, boosting franchise oversight, customer engagement and retail efficiency.

DISTRIBUTED-WORKFORCE/OAKLAND, Calif.--(BUSINESS WIRE)--Magnolia Soap & Bath Co., the fast-growing, clean personal care franchise, has selected Square as its unified commerce platform powering more than 50 locations across 17 states. As the brand continues its national expansion, Magnolia Soap & Bath Co. is investing in modern, scalable infrastructure to support franchisee success, maintain brand consistency, and deliver the immersive in-store experience that has defined the brand since.

XYZ's stock surges 24.9%, backed by strong Cash App growth, rising gross profit, and expanding BNPL and lending momentum.

XYZ's Square gains traction in restaurants and mid-market as new commerce tools and customer wins help drive payment volume and gross profit growth.

Visa, Affirm and Block highlight how fintech is remaking payments, lending and investing with AI, blockchain and digital wallets.

Block NYSE: XYZ, the company behind Square and Cash App, delivered a much stronger quarter than expected, raised full-year guidance, and showed that its aggressive restructuring might already be helping.