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Not going to go dig for the SEC filing, but transaction revenue is not something look at, as that is basically booking money they are moving on behalf of someon
by mey 11y ago
Not going to go dig for the SEC filing, but transaction revenue is not something look at, as that is basically booking money they are moving on behalf of someone else. I would suggest looking at EBITA, fraud loss, avg transaction fee schedule and transaction number volume.
- CyrusL 11y agoSquare uses "Gross Payment Volume" to describe that, not revenue. GPV is ~$30 billion. You can search for GPV in the S-1 to see the specifics: https://www.sec.gov/Archives/edgar/data/1512673/000119312515343733/d937622ds1.htm https://www.sec.gov/Archives/edgar/data/1512673/000119312515...
- jamiequint 11y agoBraintree was doing $12B in GPV when they sold for $0.8B and are now doing ~$50B in GPV. Square is actually doing around $35-45B now (8.8B in most recently reported quarter). Growth is relatively slow though so will be interesting to see what happens in the IPO.