Block Q2 gross profit $1.87B +27% YoY; Cash App GP +37%; Adj. EBITDA $384M +105%

Block, Inc.

2023-Q2 EPS reported -$0.23 revenue$10,525,088,000

Revenue $5.53B +26% YoY; ex-bitcoin revenue $3.14B +20% YoY.
Square GP $888M (+18%); Cash App GP $968M (+37%); Square banking GP $167M (+24%).
Operating loss $132M vs $214M YoY; adjusted operating income $25M.
Net loss $123M vs $208M YoY; adjusted EBITDA $384M +105% YoY.
Cash App peer-to-peer volume $53B (+18%); over half of actives have 4+ account network.

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 0.95

Block, Inc. reported second quarter ended June 30, 2023 results: revenue $5.53 billion.

Period: second quarter ended June 30, 2023
Revenue: $5.53 billion
Result: reported results

Exact text from the filing

$187M $281M ($114M) ($123M) YoY ($208M) Growth (48%) (40%) 53% 89% 105% Q2 Q3 Q4 Q1 Q2 Q2 Q3 Q4 Q1 Q2 2022 2023 2022 2023 In the second quarter of 2023, total net revenue was $5.53 billion, up 26% year over year, and, excluding bitcoin revenue, revenue was $3.14 billion, up 20% year over year. Reconciliations of

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Source: SEC EDGAR

accession 0001193125-23-202864

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