- 檢討專欄運作和規劃，「美股投資十日談」能為你帶來什麼？
- 事不宜遲，立即👉訂閱。付費讀者專屬TG群組👉申請辦法。
- 加入免費👉Discord群組／TG Channel接收市場要聞、產業動態和更新通知。
- 關於我對Block(XYZ)的基本看法，可在索引檔案找到。
Block這家公司原本叫Square，後來為了顯示它的業務多元性，改名做Block。但即使改名為Block，好長一段時間，股票代號仍然是SQ。直到今年年初，SQ也宣布把股票代號更改為XYZ，目的應該也是希望投資者留意到它們產品組合的多元性，不要太關注它的傳統部門Square，現在還有Cash App、Afterpay、TIDAL等等。
我就配合他們公司政策，今後就改稱為XYZ吧。
在發布財報後，目前XYZ的盤前股價下跌8%左右。
按照前面已經給的財報路線圖，他們預計2025年毛利潤至少可以成長15%，並且在這個地板之上，致力於擴張利潤率，預計會在2025年下半年看到進展。
As we shared previously, we plan to reach Rule of 40 in 2026 with a composition of at least mid-teens gross profit growth and a mid-20% adjusted operating income margin. We expect strong gross profit growth in 2025 of at least 15%, consistent with that target, driven by broad momentum across Block.
We're also committed to expanding our margins next year.
And as a result of that, we'd expect to see each of those innovations and improvements compound and benefit growth as we progress through 2025 with more of the improvement coming in the second half of 2025.
