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