Square Statistics By Revenue, Net Sales, Market Cap, Top Competitors and Facts
Updated · Jan 21, 2025
Table of Contents
Introduction
Square Statistics: Headquartered in San Francisco, Square is a company providing payment solutions for businesses via credit cards and mobile. Founded by Jack Dorsey as well as the co-founder of Twitter and current CEO, Jim McKelvey, in 2009, the company Jackson-Loveday, Square intends to include everything from credit cards in future transactions. Co-founding 2009 by Jack Dorsey, who’s also the co-founder and CEO of Twitter, and Jim McKelvey, Square was envisioned to democratise commerce so that every business can accept plastic.
Square is a dominating player in the financial technology sector because of significant growth and transformation over the recent past. In fact, the phenomenon continues up to 2025 Square statistics, a date during which the company offers an increasing range of its services in more diverse business segments and among consumers.
Editor’s Choice
- According to Square statistics, In Q2 2024, Jamal M. Square reported six-point-one billion dollars in net revenues, down from a 14.1% decline in growth.
- Square’s activity volume plummeted at the end of 2021, signalling a slowdown in the adoption of cryptocurrencies and a slowdown in the performance of its business despite the slow rise of payment volumes.
- The GPV of Square grew slowly, while the digital entertainment segment of Square Enix boasted a 2.6% increase in net sales in fiscal year 2024.
- Square statistics state that By January 2025, the market capitalisation was established at ₹4.400 trillion, thus representing a sharp ₹3.954 trillion leap from 2023, which is 43.92% fewer than the ₹5.545 trillion seen in 2021.
- Square has strong growth prospects heading into 2025 as it expects EBITDA growth to be at 30%, with a price target raised to US$120 by Bernstein.
- Indeed, the company’s revenue for sale in the third quarter of the year of 2024 was established at US$2.25 billion, which was a 19% rise year-on-year and slightly higher than expectations. But the prospects for the fourth quarter went conservative and raised only very slightly.
- The company recorded a rise of 69% in its adjusted EBITDA to US$807 million for activity in the third quarter of the year. This exceeded analysts’ expectations to some extent. But Square’s GPV for the quarter at US$59.9 billion was still behind on the analyst expectations.
- Square statistics reveal that by 2025, gross profits would rise by 15%, completely shutting down the DeFi division called TBD and focusing on Bitcoin mining operations and its self-custody Bitkey wallet.
- Square had very steady Bitcoin revenues, raking in US$2.43 billion on ingoings and outgoings of Cash App. After hours, Square’s shares tumbled by over 12%, only to recover shortly, reaching a 4.2% increase in its year-to-date level.
Square Net Revenue
(Source: statista.com)
- Square statistics show that Square disclosed a total of US$6.1 billion in net revenue in Q2 2024. This marked the fifth quarter of declining growth.
- The company’s struggles appeared to rise as cryptocurrencies started being associated with declining adoption in late 2021.
- But during these scenarios, the values of payments that Square worked on went up in its quarter, albeit slowly compared to previous periods, due to the decrease in the rate of acceleration in growth.
Square Net Sales
(Reference: statista.com)
- Square statistics state that in the fiscal year ended March 2024, Square Enix, the well-known digital games and entertainment provider, accomplished an increase in net sales as a comprehensive figure for the digital entertainment segment, which expanded by 248.1 billion yen or 2.6% over the previous fiscal year.
- The digital entertainment segment remains a significant income earner in the total income of the company.
Square Market Cap
(Source: companiesmarketcap.com)
- The information regarding Square statistics given above shows the bursts and market capitalisations for Square over the last few years.
- There are so many fluctuations, which indicate percentage changes and fluctuating trends in the valuation of Square across the path.
- In 2025, Square had a market capitalisation of ₹4.400 trillion, which indicated an annual agreement at 6.98% while Standing up Capitalization Bigger than Past Year’s figures.
- 2024 was the year in which this figure of ₹4.730 trillion was witnessed.
- This is a big increase, indeed, as it is estimated at a 19.63% increase on 2023’s ₹3.954 trillion.
- In 2023, the company realised a big change towards a 27.15% growth in these figures because 2022 was a year in which the market cap dropped to a meagre ₹3.109 trillion, which was a steep 43.92% decrease from 2021 itself.
- Square statistics reveal that the market capitalisation of Square during 2021 was ₹5.545 trillion, representing a substantial decrease of 22.74% over 2020 figures.
- However, 2020 had been a staggering year for the company, with a market capitalisation of ₹7.177 trillion, an astonishing 271.74% increase over 2019.
- The market value of this company was ₹1.930 trillion in 2019, which was calculated against an increase of 18.05% based on 2018.
- 2018, then, went up by a huge 90.15% over 2017, when the company was valued at ₹860.17 billion.
- In 2017, square grew by 163.73% in comparison to the previous year, which was 2016, where it ended up with a capital of ₹326.15 billion and even had an increase from 2015 by 11.94%, the growth rate of ₹291.37 billion.
- These were significant spikes in stock market capitalisation interspersed with devaluations over a few years of amazing growth and periods of a downtrend; such behaviour often reflects broader market conditions and company-specific performance at large.
Square Top Competitors
| Technology | Domains |
Market Share (Est.)
|
| Toast | 35,333 | 24.17% |
| Retail Sales Manager | 15,597 | 10.67% |
| Lightspeed | 10,851 | 7.42% |
| Clover | 8,102 | 5.54% |
| First Data | 3,861 | 2.64% |
| Aloha POS | 3,283 | 2.25% |
| Vagaro | 2,481 | 1.70% |
(Source: 6sense.com)
- In the technology and payment sectors, Square competes against a variety of key players. The technology and payment solutions market has more than a few solid competitors.
- Square statistics state that among the top competitors is Toast, which serves 35,333 domains and holds an approximately 24.17% market share.
- Retail Sales Manager comes in second, with a mere 15,597 domains covered and 10.67% of the market.
- Lightspeed is the next most significant player, with more than 10,851 domains less cluttered at 7.42%.
- Following them is Clover, which claims 8,102 domains and 5.54% of the market.
- First Data covers only 3,861 domains and has a market share of 2.64%.
- Then comes Aloha POS, represented through 3,283 domains, which occupy only 2.25% of the market, and next is Vagaro, with 2,481 of the domains and 1.70% of the market covered.
- These data bring to light Square’s competition, ranging far and wide, such as in the number of domains each of the firms controls and how much influence they all have on their markets.
Square Strong Growth Prospects
- According to Square statistics, Shares of Square increased by 1.7% this Monday in premarket trading. The jump was with a note from Bernstein that claims the company as one of its “new best ideas” for 2025 which anticipates several lots of growth triggers.
- The US brokerage had its price target for Square raised to US$120 from US$90 – pretty much riding the optimism through the better fundamentals and market potential.
- Square Gross Payment Volume (GPV), a key performance metric, and a projected 30% EBITDA growth driven by great operational productivity.
- Lower regulatory oversight and potential inclusion in the S&P 500 could also be listed as constructive.
- Right up into 2025, Square’s GPVy may grow anywhere as crude same-store sales trends fade away, improvements are realised within products, and new distribution initiatives are locked through partners.
- In agreement with these statements, Bernstein ensured that they anchored at a crowded point small and medium enterprises for sellers.
- However, there is no doubt that growth will be possible through the software services of small banks.
- Square statistics indicate that for profitability, he has confirmed Squareage at 12,000 employees, thus making operational efficiencies and reallocation toward sales and marketing sure.
- In addition, the recruitment of many generations of new institutional investors can only add further value to the company via its advanced 3nm-chip technology in the field of mining based on Bitcoin.
- It will still take some time, since there is value perceived out of making great leverage off the potential out of the next.
- It was trading at 25x 2026 GAAP price/earnings, and Bernstein sees potential value in that Square valuation.
- Square’s cash balance, currently in the bank, is tagged at 16% of its market cap, with cash flow expected to reach US$3-3.5 billion more by 2025.
Square (Square) Inc. Reports Q3 2024 Earnings
- Square statistics show that in Q3 of 2024, Square Inc. reported net revenue of US$5.98 billion, a 6% improvement in the last year but well below Wall Street expectations of US$6.24 billion.
- Significant revenue for the company came from bitcoin-related transactions in Cash App.
- As per the latest report, gross profit for Square had gone up by 19% to US$2.25 billion year-over-year, slightly surpassing the anticipated US$2.24 billion.
- However, in the outlook for Q4, Square was rather pensive, which gave some people real worry.
- A key profitability measure for this EBITDA, the adjusted EBITDA for Square was US$807 million, US$807 million, indeed marking a 69% increase from the prior year, higher than the US$708 million or so predicted.
- Even though these results were quite impressive, the Gross payment volume for Square was only at US$59.9 billion, 7.5%, from US$64.33 billion projected.
- It appears that, overall, Square has lowered its expectations of future growth. Thus, Square has forecasted lower-than-anticipated growth for the last quarter.
- Square statistics state that gross profit was forecasted to be around US$2.31 billion, below US$2.35 billion, with adjusted EBITDA at US$725 million, down from analysts’ projections of US$750 million.
- For this year alone, Square is hoping for a 15% increase in gross profit, with a concentration on cost improvement moves on Bitcoin mining operations and its self-custody wallet, Bitkey, while the company is discontinuing projects like its decentralised finance (DeFi) division TBD.
- Square’s Bitcoin revenue remained at around US$2.43 billion, largely on fees from Bitcoin transactions via Cash App.
- Square’s stock went down by over 12% at the opening of the aftermarket after the earnings recitation was made.
- Nevertheless, subsequently, a part of the drop came back. It remained at about 4.2% growth-wise year-to-date despite the cracking of the downturn.
Square Customers Product And Services
(Reference: 6sense.com)
- The data regarding Square statistics suggests that there are a significant number of clients who use Square’s products and services in different industry sectors, the largest of which is the coffee industry, with 88 customers using Square’s solutions.
- Followed by the events industry, with 81 companies taking advantage of Square for their business operations, the above fact indicates popular reception of the product among organisers of events and such service providers.
- At least the catering industry counted 80 customers, indicating acceptance among food service providers in orders and payment adjustments via Square.
- The education sector has rather fewer clients who are using any number up to 79. This indicates that Square finds its place well here too,o in terms of offering services to educational institutions or any other such services requiring a payment system for tuition, fees, or funding.
- In the field of creative and professional services, 75 customers are found in the graphic design category.
- The fact illustrates that the solutions of Square are extensively used by designers and other related sectors for the purposes of payment transactions between businesses and their commercial activities.
- The use of Square extends to marketing companies that require the functionality of managing transactions and client relationships, with 69 clients depicted to have the requisite fine-tuning needed in this category.
- Most importantly, the booming industry of photography encompasses 66 Square customers, grounding Square’s use for any photography- and similar service-based enterprises.
Conclusion
As per the Square statistics, it has so far set the years ahead at 2025 with a few ideas that include at least 15% growth in gross profit. Though it has done well with 2024, since all milestones set are done, the company will face tough times. That is, even as it experiences significant growth in terms of revenue and profit, it will bear a huge brunt of market pressure to meet investors’ expectations.
Apart from that, it would definitely continue its diversification in terms of services coupled with strategic initiatives as the world’s financial technology landscape evolves.
FAQ.
Well, as of January 2025, Square’s market capitalisation was ₹4.400 trillion, which resulted in a noticeable increase from ₹3.954 trillion in 2023 or making a growth of 6.98%.
Square experienced growth numbers in Q3 2024 in particular; their income increased massively with a year-over-year net revenue of US$5.98 billion, though that fell below Wall Street’s expectation. The company’s gross profit was US$2.25 billion, up by 19%, and adjusted EBITDA jumped 69% to US$807 million.
Square’s rivals in the payments and technology space include those who dominate the market, like Toast (24.17%, Lightspeed (7.42%), Clover (5.54%), and First Data (2.64 %), among several other significant entities.
Square Bitcoin revenue remains almost the same as last quarter at US$2.43 billion, which reflects significant and wide bitcoin transactions through Cash App, but the difference comes in how the company has decided to focus on Bitcoin mining while stopping its DeFi division and also working on its Bitkey wallet.
Square is actively used in many different different industries. The coffee industry is its highest usage segment, with 88 customers; it is followed by events (81 customers), catering (80 customers), and education (79 customers) and closely followed by graphic design (75 customers) and marketing (69 customers) within the field of creative services.
Saisuman is a skilled content writer with a passion for mobile technology, law, and science. She creates featured articles for websites and newsletters and conducts thorough research for medical professionals and researchers. Fluent in five languages, Saisuman's love for reading and languages sparked her writing career. She holds a Master's degree in Business Administration with a focus on Human Resources and has experience working in a Human Resources firm. Saisuman has also worked with a French international company. In her spare time, she enjoys traveling and singing classical songs. Now at Smartphone Thoughts, Saisuman specializes in reviewing smartphones and analyzing app statistics, making complex information easy to understand for readers.
