---
schema_version: "secwatch.filing_event.v1"
accession: "0001193125-23-135928"
form_type: "8-K"
ticker: "XYZ"
cik: "0001512673"
company_name: "Block, Inc."
filed_at: "2023-05-04T23:59:59+00:00"
generated_at: "2026-06-15T21:43:28.294202+00:00"
event_type: "earnings"
sentiment: "positive"
materiality_score: 0.75
calibrated_materiality_score: 0.75
confidence: "medium"
source: SEC EDGAR
---

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

## Summary
- 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.

## SEC filing metadata
- accession: 0001193125-23-135928
- form_type: 8-K
- ticker: XYZ
- cik: 0001512673
- company_name: Block, Inc.
- filed_at: 2023-05-04T23:59:59+00:00
- event_type: earnings
- sentiment: positive
- materiality_score: 0.75
- calibrated_materiality_score: 0.75
- confidence: medium
- sec_items: 2.02, 9.01
- EDGAR index: https://www.sec.gov/Archives/edgar/data/1512673/000119312523135928/0001193125-23-135928-index.htm
- EDGAR primary document: https://www.sec.gov/Archives/edgar/data/1512673/000119312523135928/d440104d8k.htm

## Machine-readable alternates
- HTML: https://secwatch.observer/filing/0001193125-23-135928
- JSON: https://secwatch.observer/filing/0001193125-23-135928.json
- Plain text: https://secwatch.observer/filing/0001193125-23-135928.txt

## Key facts
- Earnings Releases
  Block, Inc. reported first quarter of 2023 results: revenue $4.99 billion.
  - Period: first quarter of 2023
  - Revenue: $4.99 billion
  - Result: reported results
  source text: In the first quarter of 2023, total net revenue was $4.99 billion, up 26% year over year
  evidence_url: https://www.sec.gov/Archives/edgar/data/1512673/000119312523135928/0001193125-23-135928-index.htm

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