US Markets
SQ

Square's Q2 revenue surges as pandemic stokes online shopping shift

Contributor
Vishwadha Chander Reuters
Published

Payments processor Square Inc reported on Tuesday a 64% jump in second-quarter revenue, as consumers shifted towards more online buying and used its peer-to-peer Cash App platform during the COVID-19 pandemic.

Aug 4 (Reuters) - Payments processor Square Inc SQ.N reported on Tuesday a 64% jump in second-quarter revenue, as consumers shifted towards more online buying and used its peer-to-peer Cash App platform during the COVID-19 pandemic.

The company's net revenue came in at $1.92 billion, compared with $1.17 billion last year. Gross profit grew 28% on-year to $597 million

(Reporting by Vishwadha Chander in Bengaluru, Editing by Sherry Jacob-Phillips)

The views and opinions expressed herein are the views and opinions of the author and do not necessarily reflect those of Nasdaq, Inc.

In This Story

SQ

Latest Markets Videos

See more videos

Reuters

Reuters, the news and media division of Thomson Reuters, is the world’s largest international multimedia news provider reaching more than one billion people every day. Reuters provides trusted business, financial, national, and international news to professionals via Thomson Reuters desktops, the world's media organizations, and directly to consumers at Reuters.com and via Reuters TV.

Learn More

Explore US Markets

Explore

Most Popular