capital · May 22, 2026
Block Accelerates Product Velocity with AI Tools and Flatter Organization
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Jack Dorsey discussed Block's evolution into an intelligence company during the J.P. Morgan conference, noting production code changes per engineer rose more than 2.5x from January to mid-April 2026. Managerbot is rolling out to over one million Square sellers and Moneybot is live across Cash App. The company delivered 27% year-over-year gross profit growth and 56% growth in Adjusted Operating Income to $728 million in Q1 2026. Block raised its full-year 2026 outlook amid momentum in Square and Cash App. Dorsey highlighted reduced organizational layers and technical managers contributing code.
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