Block's 2027 Outlook Trails Its Current Pace

Block guided for 2027 gross profit growth of at least 15%, well below the pace of its Cash App unit, which grew gross profit 27% in the third quarter. Square, its merchant business, grew just 14% in the same quarter. Block says it expects its first AI-driven revenue in the fourth quarter of 2026, from a pilot product called Buzz ($XYZ).