Square (Block) Statistics and User Count (2023)

Square builds common business tools in unconventional ways so more people can start, run, and grow their businesses. When Square started, it was difficult and expensive (or just plain impossible) for some businesses to take credit cards. Square made credit card payments possible for all by turning a mobile phone into a credit card reader. Since then Square has been building an entire business toolkit of both hardware and software products including Square Capital, Square Terminal, Square Payroll, and more. We’re working to find new and better ways to help businesses succeed on their own terms—and we’re looking for people like you to help shape tomorrow at Square. (source)

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Square (Block) Statistics

Here are a few of the most interesting Square (Block) statistics and facts I was able to dig up including user counts. 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 (Block) User Count

How many merchants use Square?

2 million merchants

Last updated 11/26/17

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How many users does Square have?

210 million buyer profiles

Last updated 1/1/21

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Square (Block) Revenue Totals

Block annual revenue:

• 2022: $17.5 billion
• 2021: $17.661 billion
• 2020: $9.497 billion
• 2019: $4.713 billion
• 2018: $3.298 billion
• 2017:  $2.214 billion
• 2016: $1.708 billion
• 2015: $1.267 billion
• 2014: $850 million

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Block Gross Payment Volume (GPV):

• 2021: $152.8 billion
• 2020: $112.295 billion
• 2019: $106.239 billion
• 2018: $84.6 billion
• 2017: $65.3 billion
• 2016: $49.6 billion
• 2015: $35.6 billion
• 2014: $23.7 billion

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Additional Square (Block) Statistics

Number of items listed for sale on Square:

295 million items

Last updated 1/1/21

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Total number of Square active invoice sellers:

225,000

Last updated 5/5/17

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

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

nearly 50%

Last updated 5/3/17

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Amount Square paid for Yik Yak in April 2017:

$1 million

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Number of countries Square is available in:

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

Last updated 3/29/17

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

40,000 businesses

Last updated 5/3/17

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

54%

Last updated 3/31/17

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

46%

Last updated 3/31/17

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Average size of a Square Capital loan:

$6,000

Last updated 3/31/17

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Square’s first $100 million day:

occurred in December 2014

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Amount that Square paid for Weebly:

$365 million

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Amount that Square paid for Tidal:

$297 million

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Square seller industry breakdown by GPV:

• Food and Drink: 27%
• Retail: 19%
• Professional Services: 15%
• Beauty and Personal Care: 10%
• Healthcare and Fitness: 10%
• Home & Repair: 10%
• All others: 10%

(source, 12/31/20)

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