I have updated one of my favourite Afterpay charts below. This chart not only emphasises the incredible growth of the business, but also highlights its inherent seasonality (a direct reflection of the key retail markets within which Afterpay operates).
One thing that the chart above also shows is the amazing (and unseasonal) growth the company enjoyed in March-June last year.
It will be interesting to see what sort of TTV the company can achieve in FY22. My current forecast is $33-34b, but would be interested in what others are thinking. Hopefully Square will report some of Afterpay's key numbers separately so we can continue to monitor the progress of this incredible business.
