One of the world's largest fintech companies, Block runs two big ecosystems: Square, which helps small businesses take card payments with its little white card reader, and Cash App, a popular money app, plus brands like Afterpay and TIDAL. It was founded in 2009 when glassblower Jim McKelvey lost a sale because he couldn't accept credit cards, so he and Twitter's Jack Dorsey built a square-shaped reader. Fun fact: the company was briefly called "Squirrel" before settling on Square, and later renamed itself Block after blockchain.
Block appoints Andrea Acosta as Chief Accounting Officer, effective May 26, 2026.
Acosta will succeed Amrita Ahuja, who had been serving as interim principal accounting officer; Ahuja remains CFO and COO.
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Andrea Acosta was appointed Chief Accounting Officer (principal accounting officer) of Block, Inc., effective May 26, 2026.
Acosta previously served as Chief Accounting Officer of Pinterest, Inc. since February 2022.
Her compensation includes a $550,000 annual base salary, a $250,000 sign-on cash bonus (subject to repayment if she leaves within two years), and an RSU award valued at $8.0 million vesting over four years.
No family relationships or arrangements with other persons were disclosed in connection with her appointment.
5.02 Departure of Directors or Certain Officers; Election of Directors; Appointment of Certain Officers; Compensatory Arrangements
Block reports Q4 2025 gross profit of $2.87B, up 24% YoY, and announces workforce reduction of over 40%.
Q4 2025 operating income was $485 million (17% margin); adjusted operating income was $588 million (20% margin).
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Q4 2025 gross profit was $2.87 billion, up 24% year over year; Cash App gross profit was $1.83 billion (up 33%), Square gross profit was $993 million (up 7%).
Q4 2025 diluted EPS was $0.19; adjusted diluted EPS was $0.65.
Full-year 2025 gross profit was $10.36 billion, up 17% year over year; operating income was $1.71 billion (16% margin); adjusted operating income was $2.08 billion (20% margin).
Block announced a workforce reduction plan to cut headcount by more than 40%, with estimated charges of $450 million to $500 million, mostly in Q1 2026.
2.02 Results of Operations and Financial Condition · 2.05 Costs Associated with Exit or Disposal Activities · 9.01 Financial Statements and Exhibits
Dale had worked at Block for nearly ten years and made significant contributions.
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Ajmere Dale, Chief Accounting Officer (Principal Accounting Officer) of Block, Inc., submitted his resignation on January 23, 2026, effective February 26, 2026, to pursue another opportunity.
Amrita Ahuja, CFO & COO, will serve as Interim Principal Accounting Officer upon Dale's resignation while a permanent replacement is sought.
Information about Amrita Ahuja is incorporated by reference from Block's Proxy Statement filed April 25, 2025.
5.02 Departure of Directors or Certain Officers; Election of Directors; Appointment of Certain Officers; Compensatory Arrangements
Block, Inc. amends and restates revolving credit facility, increasing it to $900 million.
The facility matures on January 14, 2031, with a potential earlier maturity tied to certain debt repayments and liquidity conditions.
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Block, Inc. entered into an Amended and Restated Revolving Credit Agreement on January 14, 2026.
The unsecured revolving loan facility was increased from $775.0 million to $900.0 million.
Proceeds may be used for working capital and general corporate purposes; no borrowings or letters of credit were outstanding as of the filing date.
The agreement includes a maximum total net leverage ratio covenant and customary events of default.
1.01 Entry into a Material Definitive Agreement · 2.03 Creation of a Direct Financial Obligation or an Obligation under an Off-Balance Sheet Arrangement · 9.01 Financial Statements and Exhibits