---
schema_version: "secwatch.filing_event.v1"
accession: "0001193125-24-191530"
form_type: "8-K"
ticker: "XYZ"
cik: "0001512673"
company_name: "Block, Inc."
filed_at: "2024-08-01T23:59:59+00:00"
generated_at: "2026-05-31T13:47:38.146045+00:00"
event_type: "earnings"
sentiment: "positive"
materiality_score: 0.85
calibrated_materiality_score: 0.85
confidence: "high"
source: SEC EDGAR
---

# Block Q2 2024: gross profit up 20% YoY to $2.23B, adj EBITDA up 98%, authorizes $3B buyback

## Summary
- Gross profit $2.23B, up 20% YoY; Square GP $923M (+15%), Cash App GP $1.30B (+23%).
- Net income $195M; Adj Operating Income $399M; Adj EBITDA $759M (+98% YoY).
- Board authorized $3B share repurchase, expanding on prior $1B program.
- Nick Molnar (Afterpay co-founder) to lead centralized sales across Block, reporting to CEO.
- New Square onboarding platform completed July 2024, reducing steps from 30 to 4.

## SEC filing metadata
- accession: 0001193125-24-191530
- form_type: 8-K
- ticker: XYZ
- cik: 0001512673
- company_name: Block, Inc.
- filed_at: 2024-08-01T23:59:59+00:00
- event_type: earnings
- sentiment: positive
- materiality_score: 0.85
- calibrated_materiality_score: 0.85
- confidence: high
- sec_items: 2.02, 8.01, 9.01
- EDGAR index: https://www.sec.gov/Archives/edgar/data/1512673/000119312524191530/0001193125-24-191530-index.htm
- EDGAR primary document: https://www.sec.gov/Archives/edgar/data/1512673/000119312524191530/d750402d8k.htm

## Machine-readable alternates
- HTML: https://secwatch.observer/filing/0001193125-24-191530
- JSON: https://secwatch.observer/filing/0001193125-24-191530.json
- Plain text: https://secwatch.observer/filing/0001193125-24-191530.txt

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