Block’s stock pops 9% on gross profit forecast, 3-year financial outlook | Square Sets $5 Billion…

Explore the latest developments concerning Block's stock pops.

Block's stock pops 9% on gross profit forecast, 3-year financial outlook

Block said Wednesday that it expects gross profit to increase in the mid-teens annually for the next three years, reaching about $15.8 billion in 2028.

At the payment company's first investor day event since 2022, Block unveiled a three-year financial outlook. The announcements land as Wall Street has turned skeptical on Block's prospects, pushing the stock down by more than 30% in 2025, while major indexes have notched solid gains.

Block shares were initially halted around the time of the announcement and then jumped 9% when trading resumed.

The fresh guidance also comes two weeks after Block reported quarterly results, missing revenue estimates for a sixth straight time. Block has been diversifying away from its point-of-sale business, which has become increasingly crowded, launching more services tied to Cash App and offering artificial intelligence tools to sellers.

Square Sets $5 Billion Stock Repurchase Plan Ahead Of Investor Day

Block (XYZ) unveiled a better-than-expected three-year financial outlook at an investor day on Wednesday, sending Square stock up. The company also has authorized a new $5 billion repurchase plan of its own shares. At the digital payment company's investor day, Block said it expects adjusted earnings per share to grow in the low 30% range annually through 2028. Also, the…

11/07/2025
Stocks closed mixed Friday but ended at the day's highs. Palantir closed with a gain after an earlier loss.

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