The company expects gross profit to grow in the mid-teens range annually through 2028, reaching approximately $15.8B. Adjusted Operating Income is projected to grow about 30% annually, to $4.6B in 2028. Adjusted EPS is expected to grow in the low 30% range annually through 2028 to $5.50. Block’s (XYZ) 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 $4B on a non-GAAP cash flow basis.
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