56m ago
Block stock jumps over 25% on Feb 26, 2026 after 4,000+ job cuts and higher guidance
On February 26, 2026, Block said it will eliminate more than 4,000 roles, reducing headcount from over 10,000 to just under 6,000, and its shares rose more than 25% after hours. The company also reported fourth‑quarter 2025 gross profit growth of 24% year over year and raised its 2026 outlook to $12.20 billion in gross profit.