Fintech giant Block, Inc. has surpassed Wall Street expectations with its Q1 2024 results. The firm reported revenues of $5.96 billion, beating estimates by 3.54%. Block's earnings per share reached $0.85, up from the estimated $0.62. The firm's gross profits for Q1 hit $2.09 billion, a 22% increase from the same period last year. The mobile payments platform Cash App contributed significantly to the profits, reporting $1.26 billion in gross profits for Q1. Block's shares closed up 5.1% on May 2, jumping 6.8% after-hours. Despite a recent probe into alleged transactions for terrorist groups, the company remains optimistic about its future.