Block, Inc. reported strong financial results for the fourth quarter and fiscal year ended December 31, 2025, surpassing its gross profit guidance. The company announced a major workforce reduction restructuring plan, cutting its current workforce by more than 40%, from over 10,000 to just under 6,000 employees. Restructuring charges are estimated to be approximately $450 million to $500 million, primarily for severance and benefits, with the majority expected in Q1 2026 and completion by end of Q2 2026. The restructuring is driven by a strategic shift to leverage intelligence tools (AI) to become a smaller, faster, and 'intelligence-native' company. Full-year 2026 guidance was raised, with expected gross profit of $12.20 billion (+18% YoY) and Adjusted Operating Income of $3.20 billion (26% margin, +54% YoY). Q4 2025 Gross Profit grew 24% year-over-year to $2.87 billion, with Cash App Gross Profit up 33% and Square Gross Profit up 7%. Adjusted Diluted EPS for Q4 2025 increased 38% year-over-year to $0.65. Cash App monthly transacting actives reached 59 million, and Primary Banking Actives (PBAs) grew 22% year-over-year to 9.3 million. Consumer Lending origination volume grew 69% year-over-year to $18.5 billion in Q4 2025, with Cash App Borrow growing 223% year-over-year. Square Gross Payment Volume (GPV) grew 10% year-over-year to $65.0 billion in Q4 2025, with international GPV growing 24% year-over-year. The company repurchased 11.9 million shares for $790 million in Q4 2025, with $5.3 billion remaining authorization.