How Square Successfully Serves Substantial Sellers [The Motley Fool]
Block, Inc. Class A, (SQ)
Last block, inc. class a, earnings: 2/26 04:05 pm
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US:NYSE Investor Relations:
squareup.com/about/investors
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Source: The Motley Fool
The small businesses that Square helped get up and running are now growing up, and that is good news for shareholders. Here's how Square is selling to larger merchants than ever before. Even though the company's shares dropped about 10% the following day, Square Inc ( NYSE:SQ ) continued to show accelerating revenue and earnings growth when it released its quarterly earnings earlier this month. In the payment processing company's third quarter, adjusted revenue rose to $431 million, a 68% increase year over year, while adjusted EBITDA rose to $71 million, an even more unbelievable 107% increase year over year. This strong top- and bottom-line growth was primarily driven by two factors. First, the company saw a 29% increase in gross payment volume (GPV), the total amount of the transactions originating from a Square point-of-sale (POS) or app. The strong payment volume growth led to Square realizing $655.4 million in transaction-based revenue, almost 75% of its to
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News
- Block, Inc. (NYSE: SQ) had its "buy" rating re-affirmed by analysts at Mizuho. They now have a $99.00 price target on the stock.MarketBeat
- Block, Inc. (NYSE: SQ) had its price target raised by analysts at KeyCorp from $80.00 to $95.00. They now have an "overweight" rating on the stock.MarketBeat
- Block, Inc. (NYSE: SQ) had its "in-line" rating re-affirmed by analysts at Evercore ISI. They now have a $75.00 price target on the stock.MarketBeat
- Here's Why Block (SQ) Maintained Upward Momentum [Yahoo! Finance]Yahoo! Finance
- Top global buyers across 19 countries sign-up for Buddy's global marketplace for recycled metal [Yahoo! Finance]Yahoo! Finance
SQ
Earnings
- 2/22/24 - Beat
SQ
Sec Filings
- 3/15/24 - Form 4
- 3/13/24 - Form 144
- 3/6/24 - Form 4
- SQ's page on the SEC website