Cash App Revenue and User Statistics (2023)

What is Cash App?

Cash App is a financial platform where people can send money to each other, shop and even buy cryptocurrencies and stocks. In particular, the fact that people transfer money to each other free of charge from digital media causes many people to use the app on their mobile devices. Basically, the app allows people to carry out their financial activities safely in the digital environment. The app allows people to carry out their financial activities safely in the digital environment. Instead of seeing themselves as a competitor to a bank, the app place itself as an auxiliary tool to banks’ online services. 

What is Cash App Card?

Cash App Card is a Visa debit card which users can use to pay for goods and services from their Cash App balance. The Cash App Card can be used both online and in stores. 

Company Overview

Cash App Revenue Statistics (2022)

• In Q1 2023, Cash App revenue was $3.27 billion, up 33% year-over-year. For the full year 2022 was $10.63 billion, down 14% year-over-year.

• Cash App generated $134.6 million of transaction-based revenue during the first quarter of 2023.
• Cash App generated $974 million of subscription and services-based revenue during the first
• quarter of 2023, up 56% year over year.
• In Q3 2022, Cash App generated $50 million of bitcoin gross profit, up 16% year over year.
• In 2021, Cash App generated $12.32 billion in revenue and $2.07 billion in gross profit, which increased 106% and 69% YoY, respectively. In Q4 2021, Cash App revenue was $2.55 billion, up 18% year-over-year. (Cash App)

Cash App User Statistics (2023)

• Cash App grew its network to more than 53 million transacting actives in
  March 2023. (A transacting active is a Cash App account that has at least one financial transaction using any product or service within Cash App during the specified period. )
• In March 2023, Cash App had nearly 53 million monthly transacting actives.