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Square Inc. (Symbol: SQ) is a financial services and digital payments company that was founded in 2009 by Jack Dorsey and Jim McKelvey. The company is headquartered in San Francisco, California and is publicly traded on the New York Stock Exchange (NYSE).
Square's main products include point-of-sale (POS) systems, payment processing services, and small business software. The company also offers a variety of other financial services, including loans, deposits, and investment services through its subsidiary, Square Financial Services.
As of February 2023, the company has a market capitalization of around $55 billion and has seen significant growth in recent years. For the full year of 2021, Square reported revenue of $14.8 billion, an increase of 108% year over year. Net income for the year was $424 million, compared to a net loss of $1.4 billion in the previous year.
Square's earnings have been driven by the strong growth of its seller and cash app segments. The company's seller segment, which includes its POS systems and payment processing services, reported revenue of $9.8 billion in 2021, an increase of 24% year over year. The company's Cash App segment, which includes its mobile payment app and peer-to-peer payment services, reported revenue of $4.9 billion in 2021, an increase of 151% year over year.
It is important to note that past performance is not an indicator of future performance, and investing in the stock market always carries risks. It's always recommended to do your own research or consult with a financial advisor before making investment decisions.
You can check the latest financial reports, earning, and other financial information of Square on its official website or on the Securities and Exchange Commission (SEC) website. Also, you can check the company's financial reports on the NYSE website.