For 2026, Block Expects To Deliver 17% Gross Profit Growth YoY To $11.98B; Adjusted Operating Income And Adjusted Earnings Per Share To Grow Over 30% To $2.70B And $3.20 Respectively; Expects Non-GAAP Cash Flow To Be 20% Of Gross Profit Or $2.40B

Author: Benzinga Newsdesk | November 19, 2025 03:06pm

Block, Inc. (NYSE:XYZ) will share its three-year financial outlook during its previously announced 2025 Investor Day. The company will outline a plan for profitable growth and operating leverage over the next three years, reflecting the scale of its ecosystems, including Cash App, Square and Proto, as well as continued discipline in execution.

At the event, Block will share guidance on key business performance metrics it expects over the next three years including:

• Gross Profit: Expected to grow in the mid-teens range annually through 2028, reaching approximately $15.8 billion.
• Adjusted Operating Income: Projected to grow about 30% annually, to $4.6 billion in 2028.
• Adjusted Earnings Per Share: Expected to grow in the low 30% range annually through 2028 to $5.50.
• Non-GAAP Cash Flow: Block's new measure of adjusted cash flow that accounts for Block's capital required to grow its lending products. The company expects this to reach 25% of gross profit by 2028, or more than $4.0 billion on a non-GAAP cash flow basis.
• Rule of 40: Expect to achieve Rule of 40 in 2026 and sustain through 2028.

For 2026, Block expects to deliver 17% gross profit growth year over year to $11.98 billion, with Adjusted Operating Income and Adjusted Earnings per Share to grow over 30% to $2.70 billion and $3.20 respectively. For 2026, Block expects non-GAAP Cash Flow to be 20% of gross profit or $2.40 billion. In addition to providing its financial guidance, Block noted the $5 billion increase to its share repurchase program announced earlier in the day. As of September 30, 2025, approximately $1.1 billion remained under the Company's prior $4 billion share repurchase authorization.

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