Square’s fourth quarter revenues surged 36% to $616 million. GAAP loss remained flat at $0.04 per share vs. prior year period and non-GAAP earnings came in at $0.08 per share, up 60% vs. fourth quarter of 2016. Adjusted EBITDA improved 38% to $41 million vs. $30 million reported last year.
Subscription and services-based revenues spiked 96% touching $79 million, mainly due to the strong performance from Instant Deposit, Caviar, and Square Capital.
Gross Payment Volume
Gross payment volume (GPV), a key metric to track, jumped 31% to $17.9 billion. GPV is the total amount processed by merchants using Square (SQ) platform. The company charges transaction fees based on GPV generated by the merchants.
Outlook
For the first quarter of 2018, the company expects its revenues to be between $605 million and $620 million. On an adjusted basis, earnings is targeted in the range of $0.03 to $0.05.
For fiscal 2018, revenues are expected in the range of $2.82 billion to $2.88 billion and non-GAAP earnings would be between $0.43 and $0.47 per share.
Most Popular
Earnings Preview: What to look for when Netflix (NFLX) reports Q4 2025 results
Netflix, Inc. (NASDAQ: NFLX) is expected to report Q4 results on January 20, amid expectations for strong revenue and earnings growth. The company is navigating a shifting streaming landscape where
What to look for when United Airlines (UAL) reports its Q4 2025 earnings results
Shares of United Airlines (NASDAQ: UAL) stayed red on Thursday. The stock has gained 15% over the past three months. The airline is scheduled to report its earnings results for
Infographic: How Constellation Brands (STZ) performed in Q3 2026
Constellation Brands, Inc. (NYSE: STZ) reported net sales of $2.22 billion for the third quarter of 2026, down 10% year-over-year. Organic net sales were down 2%. Net income attributable to
