Block Q1'23 gross profit $1.71B (+32% YoY); Cash App gross profit +49%

Block, Inc.

2023-Q1 EPS reported -$0.03 revenue$4,990,131,000

Total net revenue of $4.99B (+26% YoY); ex-bitcoin revenue $2.83B (+27% YoY).
Cash App gross profit $931M (+49% YoY); Square gross profit $770M (+16% YoY).
Cash App Card monthly actives reached 20M in March (+34% YoY) with higher spend per active.
Square launched ~100 new products/features/partnerships to diversify seller revenue streams.

item 2.02 item 9.01

Key facts

Extracted from this filing and checked against the source text.

Earnings Releases SEC 8-K Item 2.02 confidence 0.9

Block, Inc. reported first quarter of 2023 results: revenue $4.99 billion.

Period: first quarter of 2023
Revenue: $4.99 billion
Result: reported results

Exact text from the filing

In the first quarter of 2023, total net revenue was $4.99 billion, up 26% year over year

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Block, Inc. filing history →

Source: SEC EDGAR

accession 0001193125-23-135928

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