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    Block Q4 adjusted EBITDA beats estimates, plans workforce cut

    Picture of Block logoBlock
    26/02/2026 22:04
    Overview

Fintech firm's Q4 adjusted EPS met analyst expectations

Q4 adjusted EBITDA beat analyst estimates

Company announced workforce reduction plan to cut over 40% of workforce

Outlook

Company said it expects to incur $450 mln to $500 mln in charges connected to workforce reduction plan

Result Drivers

GROSS PROFIT - Gross profit grew 24% to $2.87 bln, driven by a 33% surge in Cash App business

Company press release: ID:nASX22dSJt

Key Details


    MetricBeat/MissActualConsensus Estimate
    Q4 Adjusted EPSMeet$0.65$0.65 (29 Analysts)
    Q4 EPS$0.19
    Q4 Adjusted EBITDABeat$930 mln$915.22 mln (28 Analysts)
    

For questions concerning the data in this report, contact Estimates.Support@lseg.com. For any other questions or feedback, contact reuters.support@thomsonreuters.com.

(This story was created using Reuters automation and AI based on LSEG and company data. It was checked and edited by a Reuters journalist prior to publication.)

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