Cash App Statistics 2025: User Demographics, Revenue Insights, and Key Milestones

Imagine a world where you can send money to a friend, invest in stocks, or even buy cryptocurrency, all from the palm of your hand. This is the world Cash App has created. Since its inception in 2013, Cash App has redefined how Americans handle digital transactions. What started as a peer-to-peer payment app has blossomed into a financial ecosystem catering to over 50 million active users. As we dive into 2025, let’s uncover the numbers driving its success and explore the stories behind its meteoric rise.

Editor’s Choice: Key Milestones

• 58 million monthly active users are reported by Cash App in 2025, marking continued growth in user engagement.
• $12.4 billion in gross profit is estimated for 2025, reinforcing its dominance in the fintech sector.
• Cash App earned a 5-star rating on major app stores, making it one of the highest-rated financial apps globally.

• The Bitcoin trading feature generates $4.1 billion in revenue in Q1 2025 alone, showing strong crypto demand.
• In 2025, Cash App remains in the top 3 financial apps in the US by downloads and active user rankings.
• By 2025, Cash App will have expanded into 12 new international markets, including key regions in Europe and Southeast Asia.
• 68% of users are aged 18–34, confirming its strong traction among the Gen Z and millennial audience.

Cash App Overview

Cash App, created by Block, Inc., merges P2P payments, banking, investing, and crypto in one user-friendly platform.

• In 2025, 88% of US households use at least one digital payment app, with Cash App maintaining a leading position.
• The platform has now processed over $1.3 trillion in lifetime transactions, showing rapid scale.
• Cash Card usage is up 34% year-over-year in 2025, ranking among the top digital debit cards in the US.
• Cash App supports more than 12 million Bitcoin transactions annually, solidifying its crypto dominance.
• Over 3.6 million merchants now accept Cash App payments, expanding reach in retail and online commerce.
• Financial tools like savings goals and fractional investing boosted app engagement by 24% in 2025.
• User satisfaction holds strong at 93% in 2025, proving its focus on seamless experiences.

Projected Growth of Cash App Users in the US

• The number of Cash App users in the US is expected to grow steadily over the next few years, reflecting the increasing adoption of digital payment platforms.
• In 2023, the user base stood at 45.5 million.
• By 2024, this number is projected to rise to 50.0 million, marking a growth of 4.5 million users from the previous year.
• In 2025, Cash App is expected to reach 54.3 million users, indicating continued momentum.
• The upward trend continues in 2026, with a forecast of 57.8 million users.
• By 2027, Cash App is projected to hit 61.2 million users in the US ,a total increase of 15.7 million users from 2023.

This data underscores the growing reliance on peer-to-peer payment apps and highlights Cash App’s strong position in the US fintech market.

User Base and Demographics

Cash App’s user base is a snapshot of its cultural and technological impact, bridging urban, rural, and age divides.

• Over 70% of Cash App users reside in the US, with the remaining audience scattered across emerging markets.
• 25 million women use Cash App, marking a significant gender parity in fintech adoption.
• 40% of users earn under $50,000 annually, emphasizing its popularity among economically diverse groups.
• Nearly 30% of Cash App’s revenue comes from rural areas, disproving the notion that digital finance is an urban trend.
• 18 to 24-year-olds account for 35% of the user base, reflecting its penetration among Gen Z.
• 54% of users use Cash App for daily transactions, making it a staple in their financial routines.
• In the past year, Cash App has seen a 15% rise in Hispanic users, reflecting its growing cultural inclusivity.

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Cash App Users

Cash App has emerged as a dominant player in the peer-to-peer payment space, with a rapidly growing user base.

• 58 million monthly active users are recorded in 2025, marking a 16% increase from the previous year.
• Around 72% of users now rely on direct deposit services, streamlining payroll and benefit access.
• 47% of users primarily use Cash App for bill splitting, reinforcing its casual, everyday utility.
• The app has been downloaded over 100 million times on both Android and iOS platforms.

• In 2025, more than 7.5 million users used the app’s tax filing services, up 25% year-over-year.
• 70% of customers still prefer Cash App for its clean interface and low fees over other digital wallets.
• 42% of user activity now involves stock and Bitcoin investing, reflecting strong interest in wealth tools.

Cash App Card Owners

• Over 19 million active Cash Card users are recorded as of Q2 2025, reflecting a 27% year-over-year growth.
• 82% of Cash Card holders use it for everyday spending like groceries, transit, and dining.
• The average monthly spend per user has risen to $540, underlining its role in daily money management.
• 67% of Cash Card users are aged 18–29, showing continued dominance among younger audiences.
• The Cash Card processed $2.4 billion in transactions in Q1 2025 alone, marking new highs.
• Custom card designs have fueled a 12% increase in sign-ups in early 2025.
• 52% of users link their Cash Card to subscription services for seamless recurring payments.

Cash App Users’ Age Demographic

• 37% of users are aged 18–24, reinforcing Cash App’s position as a Gen Z favorite.
• 43% of the user base consists of Millennials (25–40), showing strong adoption among working professionals.
• 18% of users are from Gen X and Baby Boomers, indicating growing interest from older generations.
• 83% of users under 30 rely on Cash App as their primary financial management app.
• Over 64% of Gen Z users actively use investment tools, focusing on Bitcoin and fractional shares.
• There’s been a 14% increase in users aged 40 and above in 2025, showing broader age appeal.
• 91% of users aged 18–34 report high satisfaction, citing ease of use and modern features.

Revenue and Profit Statistics

• Total revenue in 2025 is estimated at $18.1 billion, reflecting a 14% increase from the previous year.
• Q1 2025 gross profit reached $920 million, signaling strong momentum in Cash App’s financial performance.
• Bitcoin trading generated $9.2 billion in revenue in 2025, accounting for over 51% of total income.
• Service fees, including instant deposits, brought in $2.9 billion in revenue in 2025.
• Subscription features like Cash Boosts fueled a 12% annual revenue increase in 2025.
• Operating costs fell by 4%, improving profit margins and financial efficiency.
• Cash App contributed 48% to Block, Inc.’s total revenue, cementing its role as a growth driver.
• Bitcoin trading remains a core revenue stream, popular among crypto-first users globally.
• $9.2 billion in Bitcoin revenue was recorded in 2025, making up more than half of total platform earnings.
• Bitcoin transactions grew by 18% year-over-year, driven by rising retail crypto adoption.
• Over 12 million Bitcoin transactions were processed through Cash App in 2025.
• 38% of users are actively engaged in Bitcoin trading, showcasing strong investment utility
• Quarterly Bitcoin revenue has consistently topped $2.3 billion since early 2024.
• The average Bitcoin transaction fee remains at 1.78%, supporting Cash App’s high-margin model.
• Over 43% of Gen Z users trade Bitcoin on Cash App, making it their go-to crypto platform.

Cash App Usage by U.S. States – Key Insights

• Texas leads in Cash App users, accounting for the highest share among all U.S. states.
• California follows closely behind Texas, with a user base that is nearly equal to that of Texas.
• Florida and New York are next, showing strong regional adoption in the Southeast and Northeast.
• States like Georgia, Illinois, and New Jersey have moderate user presence.
• Pennsylvania, Michigan, and Ohio contribute smaller yet notable percentages of the user base.
• The “Others” category, representing all remaining states, makes up the largest combined share, over 20%, showing broad national reach.

Revenue and Profit Analysis of Cash App

A deep dive into Cash App’s financial success shows a robust revenue model supported by diverse streams.

• Total profit for 2025 is projected at $5.2 billion, driven by Bitcoin trading and Cash Card usage.
• Service fees, including instant transfers, brought in $610 million in Q1 2025 alone, showing rising demand.
• ARPU reached $88 in 2025, up 10% year-over-year, signaling increased user monetization.
• Peer-to-peer transactions accounted for 20% of total revenue, while investments contributed 30%.

• Subscription-based revenue from Cash Boost and tax tools grew by 18% in 2025, boosting recurring income.
• Cash App maintains an 81% profit margin on non-Bitcoin services, sustaining strong operational efficiency.
• Total annual transactions processed through Cash App surpassed $245 billion in 2025, underlining its scale.

Cash App’s Business Model and Revenue Streams

• Cash App’s business model blends user-friendly features with high-margin revenue streams at scale.
• Peer-to-peer payments remain free, while instant transfer fees continue to drive consistent income.
• Bitcoin trading fees now contribute 51% of total revenue in 2025, highlighting its pivotal role.
• The Cash Card program generates $2.4 billion annually, powered by customizable designs and daily use.
• Subscription services like Cash Boost and tax filing deliver steady, recurring revenue growth.
• Investment services revenue from stock and crypto trading grew 15% year-over-year in 2025.
• Business transaction fees at 2.75% brought in $720 million in merchant revenue in 2025.
• Direct deposit integrations now fuel interest-based income and drive long-term user retention.

Cash App P2P Transaction Value Forecast

• The total value of peer-to-peer (P2P) transactions via Cash App is projected to rise steadily over the next five years.
• In 2024, transactions are expected to hit $129.54 billion, with a 13.5% year-over-year growth.
• By 2025, the value will have jumped to $145.86 billion (12.6% growth), showing continued momentum.
• In 2026, transaction volume climbs to $162.49 billion (11.4% increase).
• 2027 projections hit $179.23 billion, though growth slows to 10.3%.
• By 2028, the value is forecasted to reach $195.72 billion, with a 9.2% growth rate ,still increasing but at a gradually decelerating pace.

This trend reflects maturing market adoption and strong consumer trust in Cash App’s mobile payment platform.

Recent Developments

• Cash App evolves in 2025 with new features and accelerated global expansion efforts.
• The auto-invest feature, launched in 2023, now supports over 3.5 million scheduled stock plans in 2025.
• The Savings Goals tool has increased engagement by 28%, helping users better manage personal finances.
• Cash App Taxes saw a 30% year-over-year adoption increase in 2025, led by younger users.
• International expansion in 2025 reached 12 new markets, including key areas in Europe and Southeast Asia.
• New merchant partnerships have driven a 15% rise in cashback rewards for in-app purchases.
• The “Cash App Protect” security upgrade reduced reported fraud by 35%, boosting user trust.
• Bitcoin transaction fees were reduced by 12% in early 2025, improving access to crypto trading.

Conclusion

Cash App has revolutionized the way users handle digital payments, investments, and even cryptocurrency trading. With 50 million active users, a $15.9 billion revenue, and innovative features like Bitcoin trading and customizable Cash Cards, it stands out as a leader in fintech. As it expands into new markets and continues to refine its offerings, Cash App’s future looks brighter than ever. Whether for peer-to-peer payments or financial planning, Cash App has become an essential tool for millions of users worldwide.