Financial analysts view operating income as a key metric for SQ stock. Operating income came in at $1.29 billion, up 34%, versus estimates of $1.30 billion.
Gross payment volume from merchant customers rose 31% to $43.5 billion, versus estimates of $45.39 billion.
Results included recently acquired Australia-based consumer lending startup Afterpay.
Afterpay Contributions To Profits
Management said: "Afterpay contributed $92 million of gross profit in the months of February and March, with $46 million of gross profit recognized in each of Cash App and Square."
Excluding Afterpay, the company said "gross profit was $1.20 billion, up 25% year over year."
Financial analysts view operating income as a key metric for SQ...
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Last
$97.06 |
Change
0.890(0.93%) |
Mkt cap ! $4.070B | |||
| Open | High | Low | Value | Volume |
| $96.35 | $97.11 | $96.29 | $8.738M | 90.22K |
Buyers (Bids)
| No. | Vol. | Price($) |
|---|---|---|
| 1 | 69 | $96.84 |
Sellers (Offers)
| Price($) | Vol. | No. |
|---|---|---|
| $97.12 | 241 | 3 |
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| Last trade - 16.10pm 01/07/2024 (20 minute delay) ? |
| SQ2 (ASX) Chart |