BLOCK(US:SQ)2025-05-01 21:13Financial Objectives and Performance - Block aims to enhance shareholder returns through disciplined capital return strategy and amplifying the long-term value of its business[9] - The company delivered year-over-year gross profit growth of 9% in Q1[14, 15] - Adjusted Operating Income reached $466 million in Q1, a 28% year-over-year increase[14] - The company expects 12% gross profit growth year-over-year for the full year 2025[13, 82] - The company expects Adjusted Operating Income of $1.90 billion for the full year 2025, with a margin of approximately 19% on gross profit[82] Cash App Performance - Cash App's gross profit per monthly transacting active was $81 in Q1 on an annualized basis, up 9% year-over-year[13] - Cash App gross profit grew 10% year-over-year, driven by Cash App Borrow, Cash App Card, and BNPL[34] - Cash App inflows per transacting active grew 8% year-over-year in Q1[40] - Cash App Card monthly actives have grown as a percentage of overall Cash App actives, reaching 45%[43, 44] Square Performance - Square's gross profit grew 9% year-over-year, driven by banking products, software, and integrated payments[69] - Total Square GPV grew 7.2% in Q1, with U S GPV growing 5 6% and International GPV growing 15%[71] - GPV from mid-market sellers (generating over $500,000 in annualized GPV) accounted for 41% of Square's GPV in Q1[77]