Turning to our BNPL platform, which contributed $242 million of gross profit to Cash App in the fourth quarter. GMV from our BNPL platform was $8.6 billion in the fourth quarter, up 25% year over year, driven by strength across our pay-in-four offering as well as single-use payments, which allows customers in the U.S., U.K., and Australia to shop via the Afterpay merchants we don't have a direct relationship with and pay using BNPL. Losses on consumer receivables were 1% of GMV, consistent with historical ranges. As Jack included in his letter, integrating commerce payments tools is a key focus for us next year, and we see powering BNPL through Cash App Card as a significant opportunity.
From the Q4 earnings call transcript
https://www.********/earnings/call-transcripts/2024/02/23/block-sq-q4-2023-earnings-call-transcript/
Ann: Annual Report for year ended December 31, 2023, page-21
Add SQ2 (ASX) to my watchlist
 (20min delay)
|
|||||
|
Last
$94.19 |
Change
0.090(0.10%) |
Mkt cap ! $3.950B | |||
| Open | High | Low | Value | Volume |
| $94.20 | $94.50 | $93.81 | $7.202M | 76.46K |
Buyers (Bids)
| No. | Vol. | Price($) |
|---|---|---|
| 1 | 73 | $94.18 |
Sellers (Offers)
| Price($) | Vol. | No. |
|---|---|---|
| $94.50 | 2 | 1 |
View Market Depth
| Last trade - 16.10pm 17/06/2024 (20 minute delay) ? |
|
|||||
|
Last
$94.16 |
Change
0.090 ( 0.15 %) |
||||
| Open | High | Low | Volume | ||
| $94.30 | $94.43 | $93.81 | 48500 | ||
| Last updated 15.59pm 17/06/2024 ? | |||||
| SQ2 (ASX) Chart |
