Block expects gross profit to reach $15.8 billion in 2028 with mid‑teens annual growth

Block said it now expects gross profit to hit about $15.8 billion in 2028, with mid‑teens annual growth for the next three years. The company laid out these targets at its first investor day since 2022, dropping the numbers at a time when Wall Street has been cutting it no slack. The stock is down more than 30% in 2025, even as major indexes have kept climbing. Trading in Block shares was briefly halted when the outlook came out, and the stock shot up 9% when trading restarted. Two weeks before this event, Block missed revenue estimates for the sixth quarter in a row. The company has been trying to move away from a crowded point‑of‑sale market by expanding Cash App services and rolling out new AI tools for sellers. The fresh forecasts aim to reset expectations after a long stretch of uneven results. Block outlines financial targets Block said...

https://www.cryptopolitan.com/block-projects-16-billion-gross-profit-2028/