Cash App Statistics: Revenue & User Demographics (Latest)
Cash App has quickly become a major player in the world of digital payments, growing rapidly and gaining millions of users.
So, just how powerful and big is the Cash App?
With that in mind, we’ll dive into key stats, user demographics, revenue details, and how it stacks up against competitors like Venmo to see how Cash App is dominating the market.
01.
Cash App Statistics: The Key Data
- Cash App currently has over 57 million active users on its platform as of 2024.
- Cash App generated $14.68 billion in revenue in 2023.
- The Cash app has 51.57% female users and 48.43% male users.
- In 2022, they had over 528 million transactions.
- 50.25% of cash app users are between the ages of 25 and 44.
How Many People Use Cash App?
As of 2024, Cash App has around 57 million monthly users. This is a big jump from past years, showing how popular the app is becoming.
Most of these users are in the U.S., with fewer in the U.K.
03.
Cash App Revenue
Cash App’s revenue growth has been nothing short of impressive, with a significant jump in annual earnings. The huge boost from Bitcoin transactions really stands out. Here’s a breakdown of their financial success and focus on cryptocurrency:
- Cash App reported $14.68 billion in annual revenue in 2023.
- Cash App revenues increased by 34.9% in 2023.
- 76% of Cash App revenue comes from Bitcoin.
- In 2022, the app generated a $37 million bitcoin gross profit.
Sources: (Buy Bitcoin Worldwide, Priori Data)
04.
Cash App User Demographics
Cash App is super popular among young adults, especially those in their 20s and 30s. This shows that a lot of people in different age groups are using it. Check out these stats that show how many people are using Cash App:
- 40% of 18–29-year-olds and over a third of 30–49-year-olds use Cash App.
Sources: (Payments Dive)
05.
Cash App vs Venmo Statistics
Cash App and Venmo are two of the most popular payment apps out there, each with its own perks and loyal users. We’ll dive into their user numbers, market share, and revenue to see how they stack up against each other. Check out these key stats:
- Cash App has 57 million users, compared to Venmo’s 78 million.
- Venmo has a 38% market share, while Cash App has a 26% share.
- Cash App generated $14.68 billion in annual revenue, while Venmo generated $2.4 billion in 2023.
- The Cash app generates 81% of its total revenue from bitcoin, whereas Venmo generates only 18% of its total revenue.
Sources: (Fast Company, The Street, Helpmama)
Final Words
Cash App is killing it in the digital payments game. It’s super popular with young adults and its focus on Bitcoin and other cryptocurrencies is a game-changer. This might push traditional banks to step up their tech game, leading to some major changes in how we handle money in the future.
