BLOCK Investment & Profitability Ecosystem Overview
BLOCK
MARKET OPPORTUNITY
-
SQUARE
With SMB and mid-market
sellers representing an
attractive target opportunity
Enterprise
Seller Size
(Gross Receipts)
U.S. Sellers
U.S. Gross Receipts
$100M+
25K
$8.5T
$20M $100M
51K
$1.7T
Mid-Market
$1M - $20M
1.0M
$3.7T
SMB
Micro
$250K - $1M
<$250K
2.9M
17.2M
$1.3T
$518B
Sources: 2017 U.S. Census, U.S. Bureau of Labor Statistics. "Seller Size" is based on U.S. Census data classified by annual gross receipts for a given business. Highlighted seller sizes represents
Square's target opportunity with larger sellers. "U.S. Sellers" opportunity is based on employer and non-employer firms in the U.S. in select industry verticals based on 2017 data. Seller sizes from
the U.S. Census gross receipts are mapped to Square seller size classifications by assuming a given business' sales are 50% cash and 50% card payments.
"U.S. Gross Receipts" opportunity is based on U.S. Census data as of 2017, adjusted for inflation through 2021 based on CPI from the U.S. Bureau of Labor Statistics.
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