Cash App Growth
Cash App's gross profit grew 24% year-over-year, accelerating from 16% in the previous quarter. Monthly active users reached 58 million in September, and primary banking actives grew 18% year-over-year to 8.3 million.
Square Performance
Square's gross profit grew 9% year-over-year with GPV growing 12%. The company saw notable strength in international markets with GPV growing 26% year-over-year.
Lending Products Growth
Cash App Borrow originations grew 134% year-over-year with stable risk loss and strong annualized net margins of 24%.
New Product Innovations
Launch of AI tools like Square AI and new product features such as multichannel menu management and improved kiosks for sellers.
Proto Bitcoin Mining Business
Proto generated its first revenue, selling mining rigs, and is pursuing a robust pipeline for 2026.
Guidance and Financial Outlook
Raised full-year guidance with expected gross profit growth of 19% year-over-year in Q4 2025, with adjusted operating income of $560 million.