English

Square Jan-Mar 2021 Financial Results

English

Have you ever heard of Square (ticker symbol: SQ), a US stock?

It is a fintech company that provides payment solutions for stores and payment apps for individuals.

In this article, I will introduce the company’s financial results for the period January to March 2021, which were announced on May 7, 2021.

January to March 2021

EPS is 41¢ vs. 16¢ expected.

Net sales: $5.06 billion vs. forecast of $3.28 billion.

Sales growth was 266.4% YoY.

Transaction sales were $960 million, up 27% from the same period last year. Transaction sales increased 27% to $960 million compared to $758 million in the same period last year.

Subscription sales were $558 million. Subscription sales were $558 million, compared to $296 million in the year-ago quarter.

Hardware sales were $28.78 million. Hardware sales were $28.78 million, compared to $20.68 million in the same period last year.

Bitcoin sales were $3.51 billion. Bitcoin sales were $3.51 billion, compared to $306 million in the same period last year.

Cash app sales were $4.04 billion, up 666% year-over-year.

Excluding Bitcoin fees, Cash App revenue was $529 million, up 139% year-over-year.

Gross profit was $964 million, up 79% from the same period last year.

タイトルとURLをコピーしました