55 Square Statistics and Facts (2020) | By the Numbers

square statistics and facts

Here are a few of the most interesting Square statistics and Facts I was able to dig up. As always, be sure to check back in the future as I will be updating this post as new and updated stats become available.

Square Facts

square statistics and facts

  • Square website: squareup.com
  • Year of Square launch: 2009
  • Square headquarters: San Francisco, CA
  • Square founders: Jack Dorsey (from Twitter), Jim McKelvey
  • Square CEO: Jack Dorsey
  • Square subsidiary: Cash App

Square Statistics

How many people use Square?

2 million sellers

Last updated 11/26/17

Total number of Square active invoice sellers:


Last updated 5/5/17

61% of Square merchants process less than $125,000 annually.

Number of sellers connected to the Square App Marketplace:

100,000 sellers

Last updated 12/21/15

Estimated percentage of businesses that use Square that are owned by women:


Last updated 10/14/15

Largest industry to use Square:

Retail (21% of GPV)

Last updated 10/14/15

Total amount of organizations for Square Capital:

$1 billion

Last updated 11/1/16

Square’s reported market cap:

$7 billion

Last updated  5/3/17

Percentage of all Square invoices that come from a mobile device:

nearly 50%

Last updated 5/3/17

Square revenue (annual):

Square revenue (quarterly):

Square Gross Payment Volume (GPV):

Square Gross Payment Volume (GPV):

Square seller industry breakdown by GPV:

  • Food and Drink: 24%
  • Retail: 17%
  • Professional Services: 16%
  • Beauty and Personal Care: 12%
  • Healthcare and Fitness: 9%
  • Home & Repair: 9%
  • All others: <5%

(source, 12/31/18)

Amount Square paid for Yik Yak in April 2017:

$1 million

Number of countries Square is available in:

5 (UK, Australia, Canada, Japan, and the US)

Last updated 3/29/17

Number of businesses that have been given loans from Square Capital:

40,000 businesses

Last updated 5/3/17

Percentage of sellers that have been given loans from Square Capital that are women:


Last updated 3/31/17

Percentage of sellers that have been given loans from Square Capital that are men:


Last updated 3/31/17

Average size of a Square Capital loan:


Last updated 3/31/17

Square’s first $100 million day:

occurred in December 2014

Number of active credit or debit cards in the US that paid with Square in 2014:

1 in 4

If combined as one, Square merchants would make up the 13th largest US retailer.

Last updated 12/11/14

Number of card payments Square vendors generated in 2014:

446 million

Number of payment cards processed in 2014 by Square vendors:

144 million

Amount of payments Square has processed to date:

1 billion payments

Last updated 11/19/14

Amount that Square paid for Weebly:

$365 million

Get the Industry Report

This report is available in an annual industry report. Some of the data in industry reports include:

  • Users
  • Demographics
  • Revenue
  • Growth
  • Etc.- all in one place

I try to go through each and every stat regularly and update as much as possible, but we all know that some stats are easier to track down than others. As always, every stat is linked to its original source and has the source date listed.

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