Key facts
- Block raised its full-year 2026 gross profit and adjusted operating income forecasts.
- Block reported significant expansion of its AI use in software engineering.
- Block expects 2025 gross profit of $10.17 billion, up from $9.96 billion.
- Archer Daniels Midland reported a 315% surge in second-quarter net earnings.
- Archer Daniels Midland raised its full-year profit outlook.
- EBay projected third-quarter revenue above Wall Street expectations.
- EBay reported a 15% rise in second-quarter revenue to $3.13 billion.
- EBay's Q2 growth was boosted by luxury goods, collectibles, refurbished items, and the Depop acquisition.
- Corpay raised its full-year financial forecasts.
- Corpay reported a second-quarter profit increase.
- Corpay announced the sale of its UK vehicle payments business.
- CVS Health reported better-than-expected second-quarter results.
Block has raised its full-year 2026 gross profit and adjusted operating income forecasts following a strong second quarter. The fintech company also reported significant expansion of its AI use in software engineering. Block's second-quarter income rose, and the company now expects 2025 gross profit of $10.17 billion, an increase from the previous forecast of $9.96 billion, aided by resilient consumer spending.
Archer Daniels Midland reported a substantial 315% surge in second-quarter net earnings. This significant improvement has prompted the company to raise its full-year profit outlook. The enhanced forecast is attributed to strong momentum within its biofuels segment.
EBay projected third-quarter revenue to exceed Wall Street expectations. This optimistic outlook is driven by the company's strategic focus on authenticated luxury goods, collectibles, and refurbished items. In the second quarter, EBay reported a 15% rise in revenue, reaching $3.13 billion and surpassing analyst estimates. Growth was further bolstered by these key categories and the recent acquisition of the fashion resale platform Depop.
Corpay has lifted its full-year financial forecasts and reported an increase in second-quarter profit. This positive financial performance is attributed to strong results in its corporate and vehicle payment divisions. Additionally, Corpay announced the sale of its non-core UK vehicle payments business.
CVS Health reported second-quarter results that exceeded expectations. However, the company's updated profit outlooks for 2026 and 2027 disappointed investors, causing its shares to fall by nearly 6%. While CVS Health increased its 2026 earnings forecast, it set the new 2027 earnings benchmark at a minimum of $8.44 per share.