---
schema_version: "secwatch.filing_event.v1"
accession: "0001193125-22-142338"
form_type: "8-K"
ticker: "XYZ"
cik: "0001512673"
company_name: "Block, Inc."
filed_at: "2022-05-05T23:59:59+00:00"
generated_at: "2026-06-25T23:36:48.524922+00:00"
event_type: "earnings"
sentiment: "positive"
materiality_score: 0.75
calibrated_materiality_score: 0.75
confidence: "high"
source: SEC EDGAR
---

# Block Q1 gross profit $1.29B, up 34% YoY; Cash App GP $624M, Square GP $661M

## Summary
- Gross profit $1.29B, up 34% YoY; Cash App gross profit $624M (+26%), Square gross profit $661M (+41%).
- Total net revenue $3.96B, down 22% YoY; ex-bitcoin revenue $2.23B, up 44% YoY.
- Completed Afterpay acquisition on Jan 31, 2022; allocating 50% of Afterpay revenue/GP to each segment.
- Bitcoin: over 10M Cash App accounts have purchased bitcoin since launch.
- Incurred $42M Afterpay deal/integration costs and $31M amortization of acquired intangibles in Q1.

## SEC filing metadata
- accession: 0001193125-22-142338
- form_type: 8-K
- ticker: XYZ
- cik: 0001512673
- company_name: Block, Inc.
- filed_at: 2022-05-05T23:59:59+00:00
- event_type: earnings
- sentiment: positive
- materiality_score: 0.75
- calibrated_materiality_score: 0.75
- confidence: high
- sec_items: 2.02, 9.01
- EDGAR index: https://www.sec.gov/Archives/edgar/data/1512673/000119312522142338/0001193125-22-142338-index.htm
- EDGAR primary document: https://www.sec.gov/Archives/edgar/data/1512673/000119312522142338/d340423d8k.htm

## Machine-readable alternates
- HTML: https://secwatch.observer/filing/0001193125-22-142338
- JSON: https://secwatch.observer/filing/0001193125-22-142338.json
- Plain text: https://secwatch.observer/filing/0001193125-22-142338.txt

This AI-assisted summary is a reading aid. Review the linked SEC EDGAR filing before relying on any specific claim.