topics a going to cover Thanks few today. Jack. I'm There are
from the App growth economics Cash Square ecosystems our the First, driving and XXXX strong cohort in those results. and compelling
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actives adopt more App, they leads As seen Cash into typically which inflow more money greater products, a monetization. we've
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to more up faster or products adopted Our strategic growing markets expanding continue Square a up globally, of upmarket and on in XX% time. products, than Our growth business sellers quarter kind the profit building drive omnichannel grew priorities over overall two-year from basis. are significantly Square year-over-year fourth XX% growth, strong sellers gross CAGR achieved have mid-market the
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times using sellers one compared only XX more product. generating With those than these profit gross the to
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meaningful Next and focused teams XXst, required an closing a the deliver companies. on of Afterpay, the our about embarking of square announced on a completed on acquisition have the progress transaction ecosystem. Afterpay in multiyear in planning on on one, day vision August, two shared the we recognize transaction early also integration executed significant on we been update customers. January we Since XXXX. our the of our the management have for to the we're work sizable our integration excited Despite focus our we We're early into and for Square effort
to our Afterpay's since business to trends their we not results, last on did quarter share contribute wanted reported results. Afterpay financial Although fourth
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our with App integration, to expand towards seller we both and look see ecosystems. opportunity reinforce relationships our powerful by consumer connecting we and Square and Afterpay Cash a As
holidays of of that volumes a from area an by points been Turning X of first products the and to losses driven managing. around basis in XXXX second has the on consumer Afterpay's receivables increase seasonality half half of deliberate to X.XX% newer Losses were XXXX, an greater mix regions. compared of consumer in and Afterpay GMV,
launch we frequently have with transact loss as improve in data seen and after We model historically market customers our time rates more become more robust. the more
core on our XXXX, are basis, saw with growth On of repayment in XX% gross in approximately path United the of We Kingdom healthy installments GMV, as of have older billion Australia year-over-year, XX% in following was a year seen approximately Now North for consistent were and the Zealand, delivered Revenue America paid this trend half up product. and our the We second Buy first markets was XX% similar behavior a consumer half Later year-over-year. growth $XX.X New and and of XXXX XXXX. Afterpay time full year-over-year. profit XX% Pay
first Finally, we provide wanted prior wanted in to expected our an quarter turning prior in years, the and to Similar we quarters, quarter. trends the so to update on trends far to – provide investments.
a of across of February. or gross CAGR year-over-year growth two-year for By gross year-over-year ecosystem, and January or two-year January profit the a Afterpay App and CAGR on XX% Excluding Cash XX% expect we February, profit of XX% we growth and App Square, for expect XX% month basis. Cash through on
January impact in the improved January For on growth CAGR expect regions a month a Square impacted before of businesses February, and year-over-year COVID Omicron gross experienced growth with both growth gross App or in variant the increases basis. February. by in XX% were the moderation Cash of two-year our moderation in profit in profit Square in pronounced for believe was more we January XX% both cases. the We driven part and as growth for ecosystems in We of
February, Square quarter on improve a saw improving February, each food While was growth fourth retail In in Cash deliver Cash in have and across in volumes and App ecosystem strong Card in CAGR seen we Through a beauty, approximately impacted trends continued verticals got CAGR GPV levels. Square January basis. January. mid-January drink, two-year on before growth subsequent weeks. the first and GPV two-year like which network the more Cash to year-over-year in and peer-to-peer Business. at weeks trough basis a compared was for impacts growth of to three
three gross For of are Afterpay will December March January as near February inflows Cash through App, trending so the back only February we first expect end to January, the acquisition completed increase the January of results first month-over-month We of quarter. and contribute in ahead the at and to profit February compared in of weeks levels. to level Afterpay
Afterpay For the be month GMV in year-over-year, XX% of expect XX% growth revenue to with February, similar we growth between a and range.
in for trends quarter, we the the through two-year February, Square Now first quarter. in improve month. behind the January CAGR March. prior In to growth the both a On as get year-over-year and benefited February strong looking modestly gross with of expect January two-year ahead profit comps during we remainder growth we that to expect an first driven and March CAGR to a government expected that Recall compared Cash App from the and slower in XXXX compared tougher. by March the basis, improvement year disbursements in
compared year-over-year innovations XXXX, services the Cash certain the year new to As profit in we we App's comps commerce of and in beyond across the gross half believe as and areas. as second and the quarter, become look introduce rate favorable to ahead pricing we product growth our more adjustments financial priorities will improve make first half the first
we gross at we across expect each grow remains sequentially As environment Cash the profit and look macroeconomic assuming Square stable. to throughout XXXX, the App year, quarter
and Moving for to the year XXXX. full first planned quarter investments our
$XXX by the Afterpay. million quarter excluding expect quarter, expenses $XX For fourth million when or compared the increase operating non-GAAP we to overall first to
billion expect this For operating non-GAAP the Afterpay's million overall full to year approximately by XXXX, $X base expenses expense of operating we increase including expected $X.X year.
$X.X November. we with non-GAAP year-over-year, overall in shared approximately increase growth to what or expenses expect we is by which billion operating Afterpay, consistent XX% Excluding
adjusted half to compared the deliver half greater XXXX during the of investments to year. second the Given in the the of first year, of we our EBITDA expect pacing
that our Bitcoin will million expenses investments. We overall expect operating initiatives: four hardware or non-GAAP the $XXX of wallet and to X% approximately mining; emerging company's X% TIDAL, in TBD, the represent
strong work and more growth tell on vision, we continue to and with to Q&A on back economics upcoming will large hope compelling the total XX, top business. ecosystems. pressing as We At growing the how In we the to and We are connect a Day the share that Afterpay more As portion are the and May customer will of always, to adjusting based to you investments, our Square and potential we're needs manage a in addressable to start about unit this we be meantime, see we headed. in now on with we will line long-term turn we operator see. about focus and adapt you our growing returns our Investor where App we'll actively excited where it and disciplined our environment I'll call. market, Cash ever. dynamic the
