Top 5 Finance Apps in the US: Q1 2023 Performance Overview

In the first quarter of 2023, the top finance applications on a unified platform in the United States exhibited diverse trends in downloads and active user metrics. Here is an overview of the performance of the top 5 apps as reported by Sensor Tower.

Cash App maintained its strong presence with weekly downloads mostly hovering around 600K. Notably, the week of February 20 saw a peak with approximately 646K downloads. Weekly active users remained robust throughout the quarter, fluctuating between 20M to 23M, with a high of around 22.8M in the last week of February.

PayPal - Send, Shop, Manage showed consistent weekly download numbers, ranging from 340K to 409K. The highest download count was observed in the first week of January. Active user numbers varied between 12.6M to 14.2M, peaking in the last week of February.

Venmo also demonstrated stable weekly downloads, averaging around 270K. The highest download count of approximately 295K was observed in mid-January. Weekly active users ranged from 16.3M to 18.3M, with the highest number in the last week of January.

TurboTax: File Your Tax Return experienced significant fluctuations in weekly downloads, with a peak of over 519K in the last week of January. Active users steadily increased from around 588K at the end of December to approximately 1.6M by the end of January, maintaining over 1M active users throughout the quarter. Weekly revenue showed a modest increase, peaking at $25 in the first week of March.

Zelle maintained a steady download rate, with weekly numbers ranging from 235K to 265K. The highest number of downloads was recorded in the last week of January. Active users remained stable, fluctuating between 1.1M to 1.2M, with a peak of around 1.22M in the last week of February.

For more detailed insights and data, visit Sensor Tower's website.