Block, Inc.'s stock surged 23.05% in the after-hours session on Thursday.

The dramatic rise followed the company's release of its fourth-quarter 2025 financial results, which showed adjusted earnings per share of $0.65, meeting or slightly exceeding analyst expectations. Revenue for the quarter reached $6.25 billion, demonstrating continued growth. Key segments like Cash App showed robust performance, with consumer lending origination volume soaring.

Investors reacted positively to the concurrent announcement of a significant corporate restructuring plan, which includes reducing the workforce by more than 40%—over 4,000 jobs—as part of a strategic shift to embrace artificial intelligence and automation to improve future efficiency and profitability. The company also raised its financial outlook for 2026, forecasting strong growth in gross profit and a significant increase in adjusted earnings per share.