Square Reports Q4 2019 Earnings

Square reported earnings yesterday, reporting year over year gross payment volume of 25%, a figure they also delivered in the third quarter; the company was able to achieve this even as they made pricing changes in the fall which increased how much the company earns from transactions; the company’s Cash App is also growing; the service offers a mix of banking, bitcoin and stock trading tools; in Q4 total net revenue for the Cash App grew 147% from the previous year; the revenue growth was mainly driven by the Cash Card which is a debit card that is tied to the mobile app; the WSJ journal delves further into their earnings and what sets Square apart from their peers. The Wall Street Journal