Block to increase stock repurchase program by $5 billion

SAN FRANCISCO - Block, Inc. (NYSE:XYZ) announced on Wednesday it will increase its stock repurchase program by $5 billion as part of its broader capital allocation strategy. The move comes as InvestingPro data shows the stock is currently trading at $57.64, significantly below its Fair Value, with an RSI suggesting the stock is in oversold territory after falling over 12% in the past week.

The financial technology company is hosting its 2025 Investor Day today in San Francisco, where senior leadership is presenting full-year 2026 financial guidance and a three-year financial outlook to investors. Despite recent stock volatility (with a beta of 2.65) and a 32% year-to-date decline, Block remains profitable with a diluted EPS of $5.0 for the last twelve months.

Block, formerly known as Square, operates several brands including Square, Cash App, Afterpay, TIDAL, Bitkey, and Proto, which provide various financial services and technology solutions.

The company’s Investor Day presentations began at 9:00 a.m. Pacific Time, according to a press release statement issued by the company.

Block’s stock trades on the New York Stock Exchange under the ticker symbol XYZ.

In other recent news, Block Inc. has been in the spotlight with several key developments. The company is gearing up for its upcoming analyst day, with William Blair maintaining an Outperform rating, expressing a positive long-term view despite challenges in the fintech market. Truist Securities upgraded Block’s stock to Buy from Hold, citing an improved risk/reward profile, and raised the price target to $68.00. Meanwhile, TD Cowen reiterated its Buy rating with a $91.00 price target, noting the company’s solid momentum in its Cash App and Square businesses.

Block also launched a campaign advocating for a tax policy change to exempt small bitcoin transactions from capital gains reporting requirements. This initiative, called "Bitcoin is Everyday Money," seeks a $600 de minimis tax exemption for goods and services purchased with bitcoin. In contrast, Truist Securities adjusted its model for Block, lowering the price target to $67.00 from $74.00 while maintaining a Sell rating. The firm slightly increased gross profit forecasts for the upcoming quarters following Block’s third-quarter 2025 results. These developments come as Block continues to navigate a challenging market environment.

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