Block projected mid-teens annual gross profit growth through 2028 and said it expects to reach roughly $15.8B in gross profit. Despite strong benchmarks, Wall Street skepticism has pushed the stock down more than 30% this year. The company forecast ~30% annual growth in adjusted operating income to $4.6B+ by 2028 and guided adjusted EPS to rise in the low-30% range to $5.50. Block also introduced a new non-GAAP cash-flow metric tied to its lending business and expects it to top $4B, or 25% of gross profit, by 2028. Shares were briefly halted during the presentation before jumping 9% once trading reopened.
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