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/
- Forums
- ASX - By Stock
- SQ2
- Ann: Annual Report for year ended December 31, 2023
Ann: Annual Report for year ended December 31, 2023, page-21
-
- There are more pages in this discussion • 33 more messages in this thread...
You’re viewing a single post only. To view the entire thread just sign in or Join Now (FREE)
Featured News
Add SQ2 (ASX) to my watchlist
|
|||||
Last
$96.58 |
Change
1.780(1.88%) |
Mkt cap ! $4.055B |
Open | High | Low | Value | Volume |
$96.40 | $96.91 | $96.40 | $2.712M | 28.08K |
Buyers (Bids)
No. | Vol. | Price($) |
---|---|---|
9 | 75 | $96.58 |
Sellers (Offers)
Price($) | Vol. | No. |
---|---|---|
$96.62 | 37 | 4 |
View Market Depth
No. | Vol. | Price($) |
---|---|---|
5 | 28 | 96.580 |
2 | 55 | 96.570 |
1 | 4 | 96.540 |
2 | 30 | 96.520 |
1 | 30 | 96.500 |
Price($) | Vol. | No. |
---|---|---|
96.610 | 77 | 4 |
96.620 | 15 | 1 |
96.630 | 47 | 3 |
96.640 | 15 | 1 |
96.660 | 12 | 1 |
Last trade - 11.03am 25/06/2024 (20 minute delay) ? |
Featured News
SQ2 (ASX) Chart |