We studied the ground-state phase diagram of spin-1/2 ${J}_{1}\text{\ensuremath{-}}{J}_{2} XY$ model on the square lattice with first-neighbor
J1 and second-neighbor
J2 antiferromagnetic interactions using both infinite density matrix renormalization group (iDMRG) and DMRG approaches. We show that a plaquette valence bond phase is realized in an intermediate region $0.50\ensuremath{\le}{J}_{2}/{J}_{1}<0.54$ between a N\'eel magnetic ordered phase at
J2/J1<0.50 and a stripy magnetic ordered phase at ${J}_{2}/{J}_{1}\ensuremath{\ge}0.54$. The plaquette valence bond phase is characterized by finite dimer orders in both the horizontal and vertical directions. Contrary to the spin-1/2 ${J}_{1}\text{\ensuremath{-}}{J}_{2}$ Heisenberg model, we do not find numerical evidence for a quantum spin liquid phase in the ${J}_{1}\text{\ensuremath{-}}{J}_{2} XY$ model.