Block, Inc. — fact timeline

Block, Inc. reported first quarter ended March 31, 2026 results: EPS $ (0.52). Guidance raised.

“Item 2.02 Results of Operations and Financial Condition. On May 7, 2026, Block, Inc. (the “Company”) issued a Shareholder Letter (the “Letter”) announcing its financial results for the first quarter ended March 31, 2026.”

Amrita Ahuja changed role as interim principal accounting officer at Block, Inc..

“Ms. Acosta will assume the responsibilities of principal accounting officer from Amrita Ahuja, who has been serving as interim principal accounting officer. Ms. Ahuja will continue in her roles as the Company’s Chief Financial Officer and Chief Operating Officer.”

Andrea Acosta was appointed as Chief Accounting Officer at Block, Inc..

“On April 30, 2026, the Board of Directors of Block, Inc. (the “Company”) appointed Andrea Acosta as the Company’s Chief Accounting Officer (principal accounting officer), effective as of May 26, 2026.”

Block, Inc. announced a restructuring with charges of approximately $450 million to $500 million (reduce our current workforce by more than 40%).

“On February 26, 2026, the Company announced a workforce reduction restructuring plan (the “Workforce Plan”) designed to better align our organizational structure with our operating model and strategic priorities. As part of the Workforce Plan, we expect to reduce our current workforce by more than 40%. The Company currently estimates that we will incur charges of approximately $450 million to $500 million in connection with the Workforce Plan”

Block, Inc. amended Amended and Restated Revolving Credit Agreement with Goldman Sachs Bank USA valued at amended and restated unsecured revolving loan facility from $775.0M to $900.0M (effective 2026-01-14).

“On January 14, 2026, Block, Inc. ("Block") entered into an Amended and Restated Revolving Credit Agreement (the "Restated Credit Agreement"), among Block, the lenders that are party thereto, and Goldman Sachs Bank USA, as administrative agent ("Administrative Agent").”

Block, Inc. incurred senior notes of $1.0 billion in aggregate principal amount with The Bank of New York Mellon Trust Company, N.A. at 6.000% maturing August 15, 2033.

“I therein (the “Initial Purchasers”), relating to the sale by the Company of $1.2 billion aggregate principal amount of its 5.625% Senior Notes due 2030 (the “2030 Notes”), and $1.0 billion in aggregate principal amount of its 6.000% Senior Notes due 2033 (the “2033 Notes” and, together with the 2030 Notes, the “Notes”) in private placements to persons reasonably”

Block, Inc. incurred senior notes of $1.2 billion aggregate principal amount with The Bank of New York Mellon Trust Company, N.A. at 5.625% maturing August 15, 2030.

“with Goldman Sachs & Co. LLC, as representative of the several initial purchasers listed in Schedule I therein (the “Initial Purchasers”), relating to the sale by the Company of $1.2 billion aggregate principal amount of its 5.625% Senior Notes due 2030 (the “2030 Notes”), and $1.0 billion in aggregate principal amount of its 6.000% Senior Notes due 2033 (the “2033”

Anthony Eisen was elected as Class III Director at Block, Inc..

“On February 6, 2025, the Board of Directors (the “Board”) of Block, Inc. (the “Company”) increased the size of the Board from nine to ten directors and elected Anthony Eisen to the Board as a Class III director, effective February 6, 2025.”

Block, Inc. incurred senior notes of $2.0 billion in aggregate principal amount with Goldman Sachs & Co. LLC, J.P. Morgan Securities LLC and Morgan Stanley & Co. LLC at 6.50% per annum maturing May 15, 2032.

“Morgan Stanley & Co. LLC, as representatives of the several initial purchasers listed in Schedule I therein (the “Initial Purchasers”), relating to the sale by the Company of $2.0 billion in aggregate principal amount of its 6.50% Senior Notes due 2032 (the “Notes”) in private placements to persons reasonably believed to be “qualified institutional buyers””

Block, Inc. entered into Indenture with Bank of New York Mellon Trust Company, N.A. valued at 6.50% Senior Notes due 2032, $2.0 billion aggregate principal amount (effective 2024-05-09).

“On May 9, 2024, the Company entered into an indenture relating to the issuance of the Notes (the “Indenture”), by and between the Company and the Bank of New York Mellon Trust Company, N.A. (the “Trustee”), as trustee of the Notes.”

Block, Inc. entered into Purchase Agreement with Goldman Sachs & Co. LLC, J.P. Morgan Securities LLC and Morgan Stanley & Co. LLC valued at $2.0 billion aggregate principal amount of 6.50% Senior Notes due 2032 (effective 2024-05-06).

“On May 6, 2024, Block, Inc. (the “Company”) entered into a purchase agreement (the “Purchase Agreement”) with Goldman Sachs & Co. LLC, J.P. Morgan Securities LLC and Morgan Stanley & Co. LLC, as representatives of the several initial purchasers listed in Schedule I therein (the “Initial Purchasers”), relating to the sale by the Company of $2.0 billion in aggregate principal amount of its 6.50% Senior Notes due 2032 (the “Notes”) in private placements to persons reasonably believed to be “qualified institutional buyers” pursuant to Rule 144A under the Securities Act of 1933, as amended (the “Securities Act”) and outside the United States to non-U.S. persons pursuant to Regulation S under the Securities Act.”

Sharon Rothstein departed as Class III Director at Block, Inc..

“On April 10, 2024, Sharon Rothstein informed Block, Inc. (the “Company”) that she would not stand for re-election as a Class III member of the Board of Directors”

Block, Inc. amended Eighth Amendment to Revolving Credit Agreement with Goldman Sachs Bank USA, as administrative agent (effective 2024-03-29).

“On March 29, 2024, Block, Inc. (formerly known as Square, Inc.) (“Block”) entered into the Eighth Amendment to Revolving Credit Agreement, among Block, the lenders that are party thereto, and Goldman Sachs Bank USA, as administrative agent (the “Revolver Amendment”).”