Square Continues Its Fast Growth Towards Profitability

Square (NYSE: SQ) reported earnings after the market closed on May 2, 2018, and the payment processor continues to show strong growth where it matters:

  • Total net revenue of $669 million, up from $462 million (45% increase year-over-year)
  • Gross payment volume of $17.8 billion, up from $13.6 billion (31% increase YOY)
  • Adjusted revenue of $307 million, up from $204 million (51% increase YOY)

If you’ll recall from a few weeks ago – and from my earnings reports on Visa (NYSE: V), PayPal Holdings (Nasdaq: PYPL), and Mastercard (NYSE: MA) – Square is part of my “War on Cash” basket. Unlike the others, Square is not yet profitable, and as the smallest of the four has some catching up to do, but nevertheless appears to be going in the same direction. Continue reading