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Company News Summary

Afterpay Provides FY 2021 Trading Update

02 Aug 2021  |  07:41:00  |  Associate analysts  |  Increase  |  Decrease  |  

Original announcement: FY21 trading update

Afterpay provided FY 2021 trading update. Active customers during FY 2021 grew to 16.2m, an increase of 63% on pcp (9.9m at 30 June 2020), and 25k new customers joining the platform globally, per day. In June 2021, the Company announced that an initial cohort of consumers could begin shopping using a one-time-use card at merchants that account for more than 50% of US e-commerce. The underlying sales contribution from its in-store card exceeded $2bn during FY 2021.

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