Block, Inc. (SQ) Announced Q4 2025 Earnings on February 26, 2026, Reporting "$2.87 billion in gross profit".

Block reported fourth quarter 2025 results with $2.87 billion in gross profit, representing 24% year-over-year growth.

For the full year 2025, the company reported $10.36 billion in gross profit and growth of 17% year-over-year.

Block grew adjusted operating income 46% year-over-year to $588 million in the fourth quarter. On a per share basis, adjusted diluted EPS grew 38% year-over-year in the quarter.

Executives announced an organizational restructuring, reducing the workforce from over 10,000 people to just under 6,000.

This structural change is designed to increase velocity and leverage intelligence tools across the company. In terms of network growth, Cash App monthly actives reached 59 million in December, with primary banking actives growing 22% year-over-year to 9.3 million.

Meanwhile, Square accelerated its gross payment volume growth to 10% in 2025.

Block provided strong forward guidance for 2026, expecting year-over-year gross profit growth of 18% to $12.2 billion.

The company increased its guidance for 2026 adjusted operating income to $3.2 billion and adjusted diluted EPS to $3.66.

For the first quarter of 2026, Block expects year-over-year gross profit growth of 22% to $2.8 billion, adjusted operating income of $600 million, and adjusted diluted EPS of $0.67.

The company highlighted notable momentum with Cash App Borrow, which saw origination volume grow more than 3x year-over-year in the fourth quarter.

Block also launched Afterpay pre-purchase functionality on the Cash App Card in February and introduced Pay in 4 functionality for peer-to-peer transactions.

Looking ahead, Block is focused on scaling new intelligence products, including Moneybot, Managerbot, and Square AI for sellers.