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Block Projects $15.8B Gross Profit by 2028 Amid Strategic Pivot

Block Projects $15.8B Gross Profit by 2028 Amid Strategic Pivot

Author:

Global Cryptocurrency

Published:

2025-11-19 22:35:02

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Block Inc. forecasts mid-teens annual growth to reach $15.8 billion in gross profit by 2028, outlining ambitious targets during its first investor day since 2022. The financial technology firm seeks to reset expectations after six consecutive quarters of revenue misses, with shares initially spiking 9% post-announcement despite a 30% year-to-date decline.

The company plans to shift focus from saturated point-of-sale systems to Cash App expansion and AI-powered merchant tools. CFO Amrita Ahuja emphasized operational scaling, noting EBITDA has more than tripled since 2022. Block anticipates 2026 gross profit of $11.98 billion, representing 17% year-over-year growth, with adjusted operating income and EPS both projected to surge over 30%.

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