Block (XYZ) surged 8.5% in extended trading on July 18, 2025, following news of its inclusion in the S&P 500, replacing Hess and drawing investor attention to ETFs like SPYA and DAPP, which are expected to benefit.
The company raised its 2025 adjusted operating income forecast to $55 million to $66 million, compared with its earlier projection of $50 million to $60 million.
The company has reportedly been working with advisor Financial Technology Partners to consider options after receiving offers over the past few months.