Data: Company filings, transcripts; Chart: Axios Visuals; Note: GMV data prior to 2022 comes from Afterpay
The amount users spent on Afterpay, Block's BNPL platform, began growing once again last year after integration efforts stunted its expansion in 2022.
Why it matters: Gross merchandise volume, which measures total orders processed through Afterpay, grew to $27.3 billion in 2023, per Block's fourth-quarter earnings report.