capital · May 18, 2026
Block Reaches $74.85 Stock Close on May 8 2026 After Q1 Results
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Block stock closed at $74.85 on May 8 2026, up 6.72% that day and up 19.13% over the prior month. The gains followed Q1 2026 results showing 27% gross profit growth to $2.91 billion and raised full-year guidance. Block cut over 4,000 employees in February 2026, reducing headcount from over 10,000 to under 6,000. As of early April 2026, 100% of employees use AI tools with production code changes per engineer up more than 2.5x. Jack Dorsey said a significantly smaller team using the tools the company is building can do more and do it better.
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