---
schema_version: "secwatch.filing_event.v1"
accession: "0001193125-25-109972"
form_type: "8-K"
ticker: "XYZ"
cik: "0001512673"
company_name: "Block, Inc."
filed_at: "2025-05-01T23:59:59+00:00"
generated_at: "2026-05-23T00:18:19.350961+00:00"
event_type: "earnings"
sentiment: "neutral"
materiality_score: 0.75
calibrated_materiality_score: 0.75
confidence: "high"
source: SEC EDGAR
---

# Block Q1 gross profit $2.29B (+9% YoY); Cash App growth below expectations; sees H2 acceleration

## Summary
- Gross profit $2.29B, +9% YoY; Cash App $1.38B (+10%), Square $898M (+9%).
- Operating income $329M (14% margin); Adjusted EBITDA $813M; Net income $190M.
- Cash App gross profit growth missed expectations due to softer inflows and Cash App Card spend; expects significant acceleration starting Q3.
- Rolling out Cash App Borrow to millions more actives after FDIC approval to use Square Financial Services for nationwide consumer loans.
- Enhancing Borrow terms, increasing limits for Paycheck Deposit actives; >50% of Borrow loans used within Cash App ecosystem.

## SEC filing metadata
- accession: 0001193125-25-109972
- form_type: 8-K
- ticker: XYZ
- cik: 0001512673
- company_name: Block, Inc.
- filed_at: 2025-05-01T23:59:59+00:00
- event_type: earnings
- sentiment: neutral
- 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/1512673/000119312525109972/0001193125-25-109972-index.htm
- EDGAR primary document: https://www.sec.gov/Archives/edgar/data/1512673/000119312525109972/d943129d8k.htm

## Machine-readable alternates
- HTML: https://secwatch.observer/filing/0001193125-25-109972
- JSON: https://secwatch.observer/filing/0001193125-25-109972.json
- Plain text: https://secwatch.observer/filing/0001193125-25-109972.txt

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