Square Statistics, User Counts and Facts (2021)



Here are a few of the most interesting Square 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 Facts

What is Square?

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)

Square User Count

How many merchants use Square?

2 million merchants

Last updated 11/26/17


How many users does Square have?

210 million buyer profiles

Last updated 1/1/21


Square Revenue Totals

Square annual revenue:


Square quarterly revenue:


Square Gross Payment Volume (GPV):


Square Gross Payment Volume (GPV):


Additional Square Statistics

Number of items listed for sale on Square:

295 million items

Last updated 1/1/21


Total number of Square active invoice sellers:

225,000

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:

50%

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


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:

54%

Last updated 3/31/17


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

46%

Last updated 3/31/17


Average size of a Square Capital loan:

$6,000

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


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)


Get the Full 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.

To get your copy of the report, click on the button below to purchase it.

Report 1: eCommerce  Companies Report (Includes: Alibaba, Alipay, Amazon, Amazon Prime, Ebay, Etsy, Flipkart, JD.com, Tmall, Taobao, PayPal, Paytm, Walmart and Square).

Report 2: ePay Company Reports (Alipay, Android, Apple, PayPal, Paytm, Samsung, Square).


 

Please note that some of these numbers are easier to find than others. A few of these Square stats come from their own reports, but some are based on news reports and not official company tallies. No information contained on DMR should be relied upon to make investment decisions. Basically, this is the best I can find and I don’t guarantee anything to be 100%.

About Craig Smith

DMR Publisher. Director of Marketing by day and I run this little site at night. Other interests include Disney, Sports, 80's Nostalgia, LEGO, Star Wars and Tech Gadgets. Other sites include DisneyNews.us and VideoGamesStats.com.