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How to buy Afterpay (SQ2) shares in Australia

Learn how to easily invest in Afterpay shares.

Afterpay Limited is an Australian payments company best known for its buy now pay later (BNPL) service. In 2021, the company was acquired by US tech giant Square, Inc. (NYSE: SQ) which subsequently listed on the Australian Securities Exchange (ASX) under the ticker code SQ2. This means that you'll need to buy shares in Square to invest in its subsidiary Afterpay.

Afterpay was founded in 2014 in Australia and has since expanded into the United States, New Zealand, Canada, the United Kingdom, France, Italy and Spain. As a strong contender in the digital payments and credit space, Afterpay has been a market favourite since it launched onto the stock market in 2016.

How to buy shares in Afterpay

To buy shares listed in Australia such as Afterpay, you'll need to sign up to a broker with access to the ASX. Our table can help you compare share trading platforms and choose. Then follow these steps.

  1. Open and fund your brokerage account.
    Complete an application with your personal and financial details, including your ID and tax file number. Fund your account with a bank transfer, PayPal or debit card.
  2. Search for Afterpay.
    Find the share by name or ticker symbol: SQ2. Research its history to confirm it's a solid investment against your financial goals.
  3. Purchase now or later.
    Buy today with a market order or use a limit order to delay your purchase until Afterpay reaches your desired price. Look into dollar-cost averaging to spread out your risk, which smooths out buying at consistent intervals and amounts.
  4. Decide on how many to buy.
    At today's price, weigh your budget against a diversified portfolio that can minimise risk through the market's ups and downs.
  5. Check on your investment.
    Congratulations, you own a part of Afterpay. Optimise your portfolio by tracking how your stock and the business performs with an eye on the long term. You may be eligible for dividends and shareholder voting rights on directors and management that affect your stock.

Afterpay stock price (ASX:SQ2)

Use our graph to track the performance of SQ2 stocks over time.

Afterpay shares at a glance

Information last updated 2024-02-21.
52-week range$60.56 - $121.4
50-day moving average $105.0299
200-day moving average $93.4215
Target price$148.56
PE ratio N/A
Dividend yield N/A (0%)
Earnings per share (TTM) $-0.7

Compare share trading platforms

The value of your investments can fall as well as rise and you may get back less than you invested. Past performance is no indication of future results.
1 - 6 of 33
Name Product Standard brokerage fee Inactivity fee Asset class
eToro
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eToro
$0
US$10 per month if there’s been no log-in for 12 months
ASX shares, Global shares, US shares, ETFs
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CFD service. Capital at risk.
Join the world's biggest social trading network when you trade stocks, commodities and currencies from the one account.
IG Share Trading
Finder Award
IG Share Trading
$8
$0
ASX shares, Global shares, US shares, UK shares, ETFs
$0 brokerage for US and global shares plus get an active trader discount of $5 commission on Australian shares.
Enjoy some of the lowest brokerage fees on the market when trading Australian and international shares, plus get access to 24-hour customer support.
Moomoo Share Trading
$3
$0
ASX shares, Global shares, US shares, ETFs
Finder exclusive: Get an additional 30 days on top of the regular brokerage-free period for new accounts. T&Cs apply.
Trade shares on the ASX, the US markets and buy ETFs with Moomoo. Plus join a community over 20 million investors.
CMC Invest
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CMC Invest
$0
$0
ASX shares, Global shares, Options trading, US shares, ETFs
$0 brokerage on US, UK, Canadian and Japanese markets (FX spreads apply).
Trade over 45,000 shares and ETFs from Australia and 15 major global markets. Plus, buy Aussie shares or ETFs for $0 brokerage up to $1,000 (First buy order of each security, each day - excludes margin loan settled trades).
Tiger Brokers
Exclusive
Tiger Brokers
$5.50
$0
ASX shares, Global shares, US shares, ETFs
Finder exclusive: Get 10 brokerage-free trades for the US or ASX market for the first 180 days and US$50 fractional shares when you deposit at least US$500. Plus, all new customers get 1 free trade per month for the first 12 months. Offer valid until February 29, 2024 (T&Cs apply).
Get one brokerage-free trade per month for the first 12 months for US or ASX markets. T&Cs apply.
Saxo Invested
$3
$0
ASX shares, Global shares, Options trading, US shares, ETFs
Access 22,000+ stocks on 50+ exchanges worldwide
Low fees for Australian and global share trading, no inactivity fees, low currency conversion fee and optimised for mobile.
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Is it a good time to buy Afterpay stock?

The technical analysis gauge below displays real-time ratings for the timeframes you select. However, this is not a recommendation. It represents a technical analysis based on the most popular technical indicators: Moving Averages, Oscillators and Pivots. Finder might not concur and takes no responsibility.

Afterpay price performance over time

Historical closes compared with the last close of A$117.94

1 week (2024-02-16) 10.22%
1 month (2024-01-24) 17.00%
3 months (2023-11-24) 31.56%
6 months (2023-08-24) 30.68%
1 year (2023-02-24) 2.28%
2 years (2022-02-24) 1.63%

Is Afterpay under- or over-valued?

Valuing Afterpay stock is incredibly difficult, and any metric has to be viewed as part of a bigger picture of Afterpay's overall performance. However, analysts commonly use some key metrics to help gauge the value of a stock.

Afterpay's PEG ratio

Afterpay's "price/earnings-to-growth ratio" can be calculated by dividing its P/E ratio by its growth – to give 2.0845. A low ratio can be interpreted as meaning the shares offer better value, while a higher ratio can be interpreted as meaning the shares offer worse value.

The PEG ratio provides a broader view than just the P/E ratio, as it gives more insight into Afterpay's future profitability. By accounting for growth, it could also help you if you're comparing the share prices of multiple high-growth companies.

Afterpay's EBITDA

Afterpay's EBITDA (earnings before interest, taxes, depreciation and amortisation) is $53.4 million (£0.0 million).

The EBITDA is a measure of a Afterpay's overall financial performance and is widely used to measure stock profitability.

Afterpay financials

Revenue TTM $20.8 billion
Gross profit TTM $6.1 billion
Return on assets TTM -0.69%
Return on equity TTM -1.73%
Profit margin -1.36%
Book value 29.066
Market capitalisation $61.5 billion

TTM: trailing 12 months

Afterpay share dividends

We're not expecting Afterpay to pay a dividend over the next 12 months.

Afterpay share price volatility

Over the last 12 months, Afterpay's shares have ranged in value from as little as $60.56 up to $121.4. A popular way to gauge a stock's volatility is its "beta".

Beta measures a share's volatility in relation to the market. The market (AU average) beta is 1, while Afterpay's is 2.526. This would suggest that Afterpay's shares are significantly more volatile than the average for this exchange and represent a higher risk.

Afterpay overview

Block, Inc. operates as a technology company with a focus on financial services. It builds tools to help people in accessing the economy. Its products include Square that makes commerce and financial services easy and accessible for sellers with its integrated ecosystem of technology solutions; Cash App to send, spend, or invest money in stocks or bitcoin; Afterpay for connecting consumers and businesses; TIDAL; and TBD that is building an open source platform and developer infrastructure which enables everyone to access and participate in the global economy. The company operates in the United States and internationally. The company was formerly known as Square, Inc. and changed its name to Block, Inc. in December 2021. Block, Inc. was incorporated in 2009 and is based in Oakland, California.

Past developments

24 March 2023: In response to allegations of fake accounts, Block labels the report "factually inaccurate and misleading" and is looking into legal action against the short-seller.
24 March 2023: Block's shares fell just shy of 20% following a report by short-seller Hindenburg Research. The report suggests that 40% to 75% of the accounts they reviewed were fake, involved in fraud, or were additional accounts tied to a single individual. This is based on estimations from a former Block employee.
30 January 2023: Consumer groups have urged for full regulation of the buy now pay later industry in submissions to the Treasury as the Australian government draws up plans for regulation of the sector. Largest player Afterpay, now owned by Block, said an industry code of conduct is appropriate. Rivals such as CBA and ZIP favour a middle ground.
23 January 2023: The ASX-listed shares of payment giant Block lifted to a 3-month high. Shares tracked gains on the Nasdaq as expectations grow about inflation cooling in the United States, fueling hopes that the Federal Reserve will ease up its policy-tightening campaign.

Frequently asked questions

  1. EOD price data and company information for Afterpay accessed 23 Feb 2024
Disclaimer: This information should not be interpreted as an endorsement of futures, stocks, ETFs, CFDs, options or any specific provider, service or offering. It should not be relied upon as investment advice or construed as providing recommendations of any kind. Futures, stocks, ETFs and options trading involves substantial risk of loss and therefore are not appropriate for all investors. Trading CFDs comes with a higher risk of losing money rapidly due to leverage. Past performance is not an indication of future results. Consider your own circumstances, and obtain your own advice, before making any trades.

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