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Block Lays Out 3-Year Targets to 2028, Adds $5 Billion Buyback as Shares Jump

The plan leans on Cash App strength plus a lending‑linked cash‑flow metric to rebuild credibility after repeated revenue misses.

Overview

  • Block projects mid‑teens annual gross profit growth, reaching about $15.8 billion in 2028.
  • Adjusted operating income is targeted to rise roughly 30% annually to $4.6 billion, with adjusted EPS reaching $5.50 by 2028.
  • For 2026, the company guides to $11.98 billion in gross profit, about $2.7 billion in adjusted operating income and $3.20 in adjusted EPS.
  • Share repurchases were expanded by $5 billion, lifting total authorization to roughly $6.1 billion.
  • The strategy shifts focus toward consumer services, AI tools and Bitcoin infrastructure, and introduces a new lending‑linked cash‑flow measure expected to exceed $4 billion, or about 25% of gross profit, by 2028.