---
schema_version: "secwatch.filing_event.v1"
accession: "0001193125-24-253135"
form_type: "8-K"
ticker: "XYZ"
cik: "0001512673"
company_name: "Block, Inc."
filed_at: "2024-11-07T23:59:59+00:00"
generated_at: "2026-05-30T03:30:37.680578+00:00"
event_type: "earnings"
sentiment: "positive"
materiality_score: 0.75
calibrated_materiality_score: 0.75
confidence: "high"
source: SEC EDGAR
---

# Block Q3 gross profit $2.25B (+19% YoY); adj EBITDA $807M (+69%)

## Summary
- Gross profit $2.25B, up 19% YoY; Square $932M (+16%), Cash App $1.31B (+21%).
- Net income $284M; Adjusted EBITDA $807M, up 69% YoY; Operating income $323M.
- Total revenue $5.98B (+6%); ex-bitcoin revenue $3.55B (+11%).
- Cumulative loans >$22B with loss rates <3%; BNPL ~1%, Borrow <3%, Square loans ≤4%.
- Lending ROIC: Square Loans 22%, Afterpay 34%, Cash App Borrow 33%; avg duration <150 days.

## SEC filing metadata
- accession: 0001193125-24-253135
- form_type: 8-K
- ticker: XYZ
- cik: 0001512673
- company_name: Block, Inc.
- filed_at: 2024-11-07T23:59:59+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/1512673/000119312524253135/0001193125-24-253135-index.htm
- EDGAR primary document: https://www.sec.gov/Archives/edgar/data/1512673/000119312524253135/d835206d8k.htm

## Machine-readable alternates
- HTML: https://secwatch.observer/filing/0001193125-24-253135
- JSON: https://secwatch.observer/filing/0001193125-24-253135.json
- Plain text: https://secwatch.observer/filing/0001193125-24-253135.txt

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