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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 awa

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