Block, a fintech company led by Jack Dorsey, issued a blockbuster outlook at its investor day on Wednesday, announcing a clear growth path through 2028. The company expects annual gross profit to remain in the mid-double digits, reaching about $15.80 billion by 2028, and adjusted earnings per share are expected to climb 30% lower year over year.
At the same time, Block significantly expanded its capital return program, adding a new $5 billion share repurchase authorization, plus the remaining $1.10 billion quota in September, bringing the current total repurchase size to $6.10 billion. This positive news helped the company's shares jump about 8% to the $62 level after the news was announced.
William Blair, an analyst, pointed out that as consumers rapidly shift to instant lending vehicles, Block's current valuation remains undervalued, with room for growth of more than 40%.
Block releases three-year strategic blueprint, shares rise 8% in one day
2025-11-19 22:36:42
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