Square Earnings top estimates, CashApp grows by 49% YoY


Square said Cash App had 53 million “monthly transacting actives” as of March 30, up from 46 million a year earlier.

Net revenue rose 26% to $4.99 billion.

EPS: $0.40 v $0.31 estimate
Revenue: $4.99B v $4.58B estimate

Cash App generated gross profit of $931 million, up 49% year over year, and Square generated gross profit of $770 million, up 16% year over year.


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