Dorsey-led Block reports rise in second-quarter revenue

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Illustration Block Inc logo

Block Inc logo is seen displayed in this illustration taken, April 10, 2023. REUTERS/Dado Ruvic/Illustration

NEW YORK, Aug 3 (Reuters) – Block Inc (SQ.N) reported a rise in second-quarter revenue on Thursday as payment volumes at the fintech giant led by Jack Dorsey held up against a tough economic backdrop.

The company reported net revenue of $5.53 billion in the three months ended June, compared with $4.4 billion a year ago.

Reporting by Nupur Anand in New York; editing by Jonathan Oatis

Our Standards: The Thomson Reuters Trust Principles.

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