Block’s Amrita Ahuja at the 2026 Morgan Stanley TMT Conference

Last week, Amrita Ahuja, Foundational Lead at Block, joined James Faucette, Managing Director and Senior Equity Research Analyst at Morgan Stanley, for a fireside chat at the 2026 Morgan Stanley Technology, Media & Telecom Conference. The conversation opened on Block’s strong fourth quarter performance and the momentum building across Square and Cash App, as the company continues to execute against its priorities for growth in 2026. Amrita noted that Block exceeded its Rule of 40 framework in the fourth quarter of 2025 and expects to sustain that performance on an annualized basis.

In the discussion, Amrita also addressed Block’s recent decision to restructure the organization and reduce the workforce by over 40%. She described the move as a difficult but deliberate step shaped by nearly two years of work to modernize how Block operates, flatten management layers, and increase product velocity. Central to that shift is the advancement of AI and automation tooling, which has enabled the company to operate with greater speed and focus. The restructuring positions Block to be a faster, leaner, intelligence centered company built to accelerate execution in its next phase of growth.

Amrita shared examples of how those tools are already driving measurable impact. She highlighted Block’s internal agentic orchestration layer, codename goose, which allows teams across engineering, finance, legal, and design to automate workflows and build more efficiently, moving code faster from idea to production. Amrita shared that Block has seen a 40% increase in production code shipped per engineer since last September, and noted how a recent risk model for a BNPL lending product was built in two days instead of a full quarter.

Looking ahead, Amrita underscored the broader opportunity, noting, “The future, as I think about the next three to five years, is only accelerating for our company.”

A webcast replay is available here.