Block’s fourth-quarter profit rises, announces over 4,000 job cuts

Block

26/02/2026 21:12

Feb 26 (Reuters) - Block XYZ.N reported a rise in fourth-quarter profit on Thursday, driven by strong demand for its payments products and services and said it will cut over 4,000 jobs.

The company posted adjusted profit of 65 cents per share in the three months ended December 31. That compares with 47 cents, a year ago.

Block expects to incur roughly $450 million to $500 million in restructuring charges.

 (Reporting by Manya Saini in Bengaluru; Editing by Tasim Zahid)

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