Block Expects Profit Growth to Accelerate Over Next 3 Years

Shares of Block Inc. rose about 7% after the payments firm, led by Jack Dorsey, said it expects profit growth to accelerate over the next three years while launching products at a faster clip and doubling down on efforts to integrate its consumer-focused Cash App and merchant payment service Square.

In 2026, Block forecasts 17% gross profit growth year-over-year to $11.98 billion. The outlook marks an acceleration from the 15% year-over-year gross profit growth the financial technology company expects this year to $10.24 billion for all of 2025. The optimism is a reflection of greater operational efficiency brought on by organizational changes in recent years, Amrita Ahuja, Block’s chief financial and operating officer, said in an interview ahead of the firm’s investor presentation in San Francisco on Wednesday.