Cash App launched in 2013, offering a platform for transferring money between individuals. Two years later, in 2015, service expanded with business transactions.
Today, Cash App is a popular digital wallet with over 57 million users. It targets the lower-income adult demographic with a range of products, from money transfers, debit cards to personal loans.
Continue reading to find all the important Cash App usage stats for 2025.
Cash App Key Stats
- Cash App has 57 million monthly active users.
- Cash App Card has 25 million transacting users
- Cash App generated $3.88 billion in revenue in Q1 2025
Cash App Monthly Active Users
As of Q1 2025, Cash App had 57 million monthly transacting active users, which remained the same compared to Q1 2024.
Here’s a detailed breakdown of Cash App Monthly Active users over time since 2019:
| Date | Cash App Monthly Active Users |
|---|---|
| Q4 2017 | 7 million |
| Q4 2018 | 15 million |
| Q4 2019 | 24 million |
| Q4 2020 | 36 million |
| Q4 2021 | 44 million |
| Q4 2022 | 51 million |
| Q4 2023 | 56 million |
| Q4 2024 | 57 million |
| Q1 2025 | 57 million |
Source: Block
Cash App Revenue
In Q1 2025, Cash App registered $3.88 billion in revenue, showing a 6.95% year-over-year decrease.
Here’s a detailed breakdown of Cash App revenue since 2018:
| Year | Cash App Revenue |
|---|---|
| 2018 | $430.05 million |
| 2019 | $1.11 billion |
| 2020 | $5.97 billion |
| 2021 | $12.32 billion |
| 2022 | $11.03 billion |
| 2023 | $14.68 billion |
| 2024 | $16.25 billion |
| Q1 2025 | $3.88 billion |
Source: Block
Cash App Gross Profit
According to the latest company data, Cash App had $1.38 billion in gross profit in Q1 2025, showing a 8.7% year-over-year decrease.
Here’s a detailed breakdown of Cash App gross profit since 2019:
| Year | Cash App Gross Profit |
|---|---|
| 2019 | $194.84 million |
| 2020 | $457.67 million |
| 2021 | $1.23 billion |
| 2022 | $2.07 billion |
| 2023 | $3.25 billion |
| 2024 | $4.32 billion |
| 2025 | $5.24 billion |
Source: Block
Cash App Card Monthly Active Users
According to the company report, Cash App Card (debit card product) has 25 million monthly transacting users as of Q1 2025, that’s up from 24 million in 2024.
Here’s a detailed breakdown of Cash App Card active user base over time since Q2 2019:
| Date | Cash App Card Monthly Active Users |
|---|---|
| Q2 2019 | 3.5 million |
| Q2 2020 | 7 million |
| Q1 2021 | 10 million |
| Q4 2021 | 13 million |
| Q1 2022 | 15 million |
| Q3 2022 | 18 million |
| Q1 2023 | 20 million |
| Q3 2023 | 22 million |
| Q4 2023 | 23 million |
| Q1 2024 | 24 million |
| Q2 2024 | 24 million |
| Q3 2024 | 24 million |
| Q4 2024 | 25 million |
| Q1 2024 | 25 million |
Source: Block
Cash App Demographics
According to the latest estimates, the user base of Cash App on iPhones leans male, and one-third (35.3%) of the total users are between 18 and 24 years old.
Here’s a table with Cash App age demographics:
| Age | Cash App User Base |
|---|---|
| 18-24 | 35.3% |
| 25-34 | 26.2% |
| 35-49 | 22.5% |
| 50-64 | 15.3% |
| 65+ | 0.7% |
Source: Appfigures
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