According to CoinMeta, fintech company Block announced an upward revision to its 2026 outlook. Driven by strong growth in cash applications and Square, the company's gross profit in the second quarter increased by 25% year-on-year to reach $3.17 billion, exceeding previous forecasts. The adjusted earnings per share were $1.02, surpassing Wall Street's expectation of $0.87. Block also stated that Agentic AI helped to write and review nearly all production code changes in June. Owen Jennings, the head of Block's business, mentioned during the financial report conference call that the number of code changes made by engineers had increased by 150% compared to the beginning of the year.