Cash App Revenue and User Statistics (2022)

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 CompanyBlock, Inc. 
Release DateOctober 15, 2013
HeadquarterSan Francisco, California
PlatformsiOS, Android
Google PlayStore Link
App StoreStore Link

Cash App Revenue Statistics (2022)

+ In Q1 2022, Cash App revenue was $2.46 billion, down 39% year-over-year. For the first quarter of 2022, Cash App delivered a gross profit of $624 million, up 26% year-over-year. (Block, Inc.)

+ In Q1 2022, Cash App generated $622 million of subscription and services-based revenue, an increase of 43% year-over-year. 

+ In Q1 2022, Cash App generated $1.73 billion of bitcoin revenue and $43 million of bitcoin gross profit , down 51% and 42% year over year, respectively. 

+ 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)

YearCash App Revenue
2021$12.3 billion
2020$5.9 billion
2019$1.3 billion
2018$0.4 billion

Cash App User Statistics (2022)

+ As of the end of the first quarter of 2022, over 10 million Cash App accounts have bought bitcoin since the product was introduced. 

+ According to eMarketer, the number of US Cash App users will increase 15.3% YoY and hit 47.8 million in 2022. 

YearCash App Users
202144 million
202036 million
201924 million
201815 million
20177 million
20163 million

Written by Maya Robertson

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