Maya Robertson
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
| Parent Company | Block, Inc. |
| Release Date | October 15, 2013 |
| Headquarter | San Francisco, California |
| Platforms | iOS, Android |
| Google Play | Store Link |
| App Store | Store Link |
Cash App Revenue Statistics (2022)
+ In Q3 2022, Cash App revenue was $2.68 billion, up 12% year-over-year. For the quarter, Cash App generated $774 million of gross profit, up 51% year-over-year.
+ Cash App generated $118 million of transaction-based revenue during the third quarter of 2022, up 15% year over year.
+ Cash App generated $804 million of subscription and services-based revenue during the third
quarter of 2022, up 69% year over year.
+ In Q3 2022, Cash App generated $37 million of bitcoin gross profit, down 12% 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 (2022)
+ Cash App grew its network to more than 49 million transacting actives in
September 2022, up approximately 20% year over year. (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 September 2022, Cash App had nearly 18 million monthly active users
+ According to eMarketer, the number of US Cash App users will increase 15.3% YoY and hit 47.8 million in 2022.
| Year | Cash App Users |
| 2021 | 44 million |
| 2020 | 36 million |
| 2019 | 24 million |
| 2018 | 15 million |
| 2017 | 7 million |
| 2016 | 3 million |
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