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      "kind": "disclaimer",
      "text": "Rule of 40 is the sum of our gross profit growth and Adjusted Operating Income margin as a percent of gross profit. We may refer to a \"Rule of\" number other than 40 to refer to the sum of gross profit growth and Adjusted Operating Income margin as a percent of gross profit for the period given. Adjusted Operating Income (Loss) is a non-GAAP financial measure that represents our operating income (loss), adjusted to the effect of amortization of acquired technology assets; acquisition-related and integration costs; contingencies, restructuring and other charges;restructuring share-based compensation expenses; goodwill and intangible asset impairment; and amortization of customer and other acquired intangible assets. Please see the appendix for definition of Square GPV and gross profit per transacting active.",
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      "text": "Square gained market share across target verticals with constant currency Square GPV growth of 8.2%",
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      "text": "Accelerating gross profit growth in the second half of the year across Square and Cash App",
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      "text": "Delivered year-over-year gross profit growth of 9% as we continue to launch new products across Square and Cash App to accelerate our growth at scale",
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      "text": "Growing engagement on Cash App with gross profit per monthly transacting active of $81 in Q1 on an annualized basis, up 9% year over year",
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      "text": "Strong profitability as we achieved our highest ever quarterly Adjusted Operating Income at $466 million, up 28% year over year",
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      "text": "Mid-teens gross profit growth expected in the fourth quarter, 12% gross profit growth expected for the full year",
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