Block reports 3X increase in feature shipments in 2026

Block: Block, Inc. develops connected ecosystems for commerce and financial services through its Square and Cash App segments. The company has integrated AI tools across product development to enhance efficiency following recent workforce reductions. Executive statements at the 2026 AI summit highlighted operating with a smaller team while accelerating feature delivery. Square: Square is Block's commerce enablement segment, providing payment processing, software, hardware, and tools to help sellers manage and grow their businesses. It forms one of the company's core ecosystems alongside Cash App. Recent executive commentary noted substantially increased feature shipments in the first half of 2026 driven by AI productivity gains. Owen Jennings: Owen Jennings is Business Lead at Block, Inc., overseeing product, operations, and customer support functions. He has previously led business operations for Square and served as COO of Cash App. Jennings recently addressed the 2026 AI summit on leveraging AI for higher development velocity with a leaner organization. Product Focus: AI-driven efficiency gains are applied to deliver higher-quality customer products more rapidly rather than as an end goal. AI Productivity: Block has incorporated AI into nearly every production code change and review process.