Revenue segments as reported by the company.

Subscription solutions

Merchant solutions

Revenue Segments

Gross Profit, Operating Income, and Net Income as a percentage of Revenue

Gross Margin

Operating Margin

Profit Margin

Margins

An operating expense is an expense a business incurs through its normal business operations. Often abbreviated as OPEX.

Transaction & Loan losses

Impairment on sales of Shopify's logistics businesses

Operating Expenses

Year over year growth in Revenue and Operating Expenses.

Revenue Y/Y

OpEx Y/Y

Growth

Shares outstanding refer to a company's stock currently held by all its shareholders, including share blocks held by institutional investors and restricted shares owned by the company's officers and insiders.

Outstanding Shares

Market Cap

Also known as Price/Sales Ratio. Calculated using Average market cap for the quarter / Annualized quarterly revenue.

Revenue Multiple

Shopify

Shopify, Inc. operates a cloud-based commerce platform designed for small and medium-sized businesses. Its software is used by merchants to run business across all sales channels, including web, tablet and mobile storefronts, social media storefronts, and brick-and-mortar and pop-up shops. The firm's platform provides merchants with a single view of business and customers and enables them to manage products and inventory, process orders and payments, build customer relationships and leverage analytics and reporting. It focuses on merchant and subscription solutions. The company was founded on September 28, 2004 and is headquartered in Ottawa, Canada.

Earnings data Q4 2020

Earnings data Q1 2021

Earnings data Q2 2021

Earnings data Q3 2021

Earnings data Q4 2021

Earnings data Q1 2022

Earnings data Q2 2022

Earnings data Q3 2022

Earnings data Q4 2022

Earnings data Q1 2023

Earnings data Q2 2023

Earnings data Q3 2023

Earnings data Q4 2023

Earnings data Q1 2024

Earnings data Q2 2024

Earnings data Q3 2024

Shopify reports robust Q2 earnings, surpasses $1 trillion GMV milestone

Shopify's Q2 performance showcases strong revenue growth, improved profitability, and milestone achievements.
The company's focus on cross-border selling, off-line GMV, and B2B segments highlights diversification and growth potential.
While challenges exist in sustaining growth and managing competition, Shopify's strategic initiatives and strong financial metrics position it well for future success.

Revenue

Cost of revenue

Gross profit

Operating expenses

SG&A

Other

Operating income

EBITDA

Net income

Earnings per share

Total assets

Current assets

Cash & equivalents

Receivables

Inventory

Non-current assets

Net PPE

Intangibles

Total liabilities

Current liabilities

Short term debt

Income tax payable

Non-current liabilities

Long-term debt

Total equity

Stockholders equity

Minority interest

Total liabilities & equity

Total debt

Net debt

Book value per share

Cash from operations

Funds from operations

Change in working capital

Cash from investing

Capital expenditure

Purchase/sale of investments

Purchase/sale of business

Other sources

Cash from financing

Change in stock

Change in debt

Cash dividends paid

Cash from other sources

Net change in cash

Free cash flow

Shopify, Inc. engages in the cloud-based commerce platform designed for small and medium-sized businesses. Its software is used by merchants to run business across all sales channels, including web, tablet and mobile storefronts, social media storefronts, and brick-and-mortar, and pop-up shops. The firm's platform provides merchants with a single view of business and customers and enables them to manage products and inventory, process orders and payments, build customer relationships and leverage analytics and reporting. It focuses on merchant and subscription solutions. The company was founded on September 28, 2004 and is headquartered in Ottawa, Canada.

Shopify delivered impressive numbers in 2023. The company is well positioned for growth in the coming years.

1 Solid Stock to Keep on Your Watch List in 2024

Amazon

Alphabet

MercadoLibre

Microsoft

NVIDIA

Palantir Technologies

Roku

Tesla

Trade Desk

The market rebounded from historic lows last year, but history suggests there's more where that came from. Bull markets have historically lasted for years, generating triple-digit gains in the process.

History Says the Nasdaq Will Soar in 2024: My Top 10 Growth Stocks to Buy Before It Does

CRISPR Therapeutics

CRISPR is a leader in gene editing and should land key approvals in the next decade. Shopify has a competitive position in e-commerce and will profit from its expansion.

Want to Get Richer? 2 Stocks to Buy and Hold for 10 Years

We remain buy-rated on Shopify. We expect to see positive revisions in e-commerce growth driven by stronger-than-expected consumer spending due to holiday demand and new strategic partnerships. Additionally, we expect above consensus GMV growth as the company gains more share with enterprise and offline merchants.

Shopify: Still Buy, Strategically Positioned For Higher GMV Growth

Zoom Video

Artificial intelligence has exploded in terms of its capability in recent years, with tech giants racing to develop the most advanced AI systems. While not yet profitable, these AI chatbots serve an important purpose – sifting through massive datasets that no human could parse alone.

Why META's AI Thinks These 3 Tech Stocks Can Double in 2024

Shopify (NYSE: SHOP) stock price is up for the third straight month as the company switches its strategy from growth to profitability. After dropping sharply in 2022, the stock has staged a strong recovery, rising by over 230% to the current $80.10.

Analysts are pessimistic on Shopify stock price: what now?

Favorable conditions with lower interest rates are advantageous for growth stocks. These companies often surpass market performance during periods of reduced borrowing costs, showcasing robust revenue and earnings growth.

3 Must-Have Growth Stocks to Strike It Rich

Shopify pivoted away from logistics and this sent its free cash flow soaring. The company still believes its opportunity for growth is massive, even though its top-line growth rate has slowed substantially.

Why Shopify Stock Was Up 124% Last Year

Shopify aims to become the go-to retail operating system for businesses as the retail landscape shifts towards channel independence. The "New" Shopify is not prioritizing growth at all costs but shifting to an optimized and profitable growth model. Shopify's use of AI and expansion of its ecosystem is allowing merchants to scale their business globally & will deliver major tailwinds for the business.

The 'New' Shopify Is Here

Coupang

The global e-commerce industry has gone through a challenging period with growth adjustments in a post-pandemic world. As the need for social distancing declined, so did the growth in online shopping.

The 3 Hottest E-Commerce Stocks to Watch in 2024

Advanced Micro Devices

Disney

NIKE

It doesn't take a lot of money to build a diversified stock portfolio. Look for winners.

5 Stocks You Can Confidently Invest $500 in Right Now

The Federal Reserve is signaling rate cuts in 2024, indicating that the rate hiking campaign started in 2022 has likely ended. Historically, the S&P 500 has increased sharply during the 12-month period following the end of a rate hike cycle.

History Says the S&P 500 Could Soar in 2024: 1 Stock-Split Growth Stock to Buy Now and Hold Forever

Prologis

With consumer sentiment on the rise after a prolonged period of economic uncertainty, the recent Black Friday sales and holiday season are expected to boost Q4 sales and revenue for e-commerce companies. The improving economy and high consumer spending create an optimistic outlook for the new year and point to the strength of e-commerce stocks for 2024.

3 Standout Stocks to Play the E-Commerce Revolution

International Flavors & Fragrances

Zimmer Biomet Hlds

Companies with unique competitive advantages aren't always rewarded by the market: Etsy Inc. NASADQ: ETSY, International Flavors & Fragrances Inc. NYSE: IFF and Zimmer Biomet Holdings Inc. NYSE: ZBH are examples of stocks that appear to be trading well below their intrinsic value, based on earnings projections.

Hidden gems: 3 undervalued stocks with a unique competitive edge

Amazon is seeing good prospects ahead in its e-commerce and cloud businesses. Shopify is growing at double-digit rates, but the stock today sports a rich valuation.

Can These 2 Stock-Split Stocks That Gained 81% to 124% in 2023 Double in 2024?

Shopify's record-breaking $9.3 billion sales during Black Friday through Cyber Monday highlights its influence. Innovative tools, such as the Retail Plan and POS Go, are set to further merge in-store and online shopping.

Does Shopify's Unstoppable Black Friday Performance Mean It's Ready for a Retail Revolution in 2024?

For those prioritizing long-term investments, the key is selecting stocks with a robust track record and resilience in unpredictable scenarios.  In the vast landscape of investments dominated by tech unicorns and financial giants, three discreet millionaire-maker stocks stand out.

3 Millionaire-Maker Growth Stocks to Buy to Kick Off 2024

BeiGene

Casey's General Stores

Regeneron Pharmaceuticals

Splunk

We have narrowed our search to five large-cap stocks that have strong momentum for January. These are BGNE, SHOP, REGN, SPLK and CASY.

Top 5 Momentum Picks for January After a Fabulous 2023

Shopify has seen a strong recovery and its stock has doubled in the last year. Three catalysts for Shopify in 2024 are increased profitability, untapped growth potential, and favorable macroeconomic conditions. Despite the potential risk of a recession, Shopify is expected to continue its growth trajectory in 2024.

Shopify: 3 Reasons To Buy In 2024

Apple

First Trust Dow Jones International Internet ETF

iShares US Financial Services ETF

VanEck Vectors Semiconductor ETF

Visa

Financial Select Sector SPDR Fund

While "Magnificent Seven" rocked the U.S. market in 2023, "Fab Four" will take the forefront, per a Motley Fool article, published on Yahoo Finance.

Will 2024 be a Year of "Fab Four" ETFs Instead of "Magnificent Seven"?

An e-commerce and cloud-computing recovery should keep Amazon moving higher. MercadoLibre continues to bring transformation to its markets and stock gains to its investors.

If I Could Only Buy 3 Stocks in 2024, I'd Pick These

The Nasdaq Composite has been in recovery mode this year, but history suggests the rally will continue. Stock splits are often the result of years of robust stock price growth, and Shopify and Tesla have both pared their shares in recent years.

History Says the Nasdaq Will Surge in 2024: 2 Stock-Split Stocks to Buy Before It Does

CrowdStrike

Visa's simple but powerful business model makes it a force to be reckoned with. The high costs of cybercrime are driving enormous growth for cybersecurity providers like CrowdStrike.

Forget the "Magnificent Seven": 2024 Will Be All About the "Fab Four". Learn About Them Here.

Netflix

Identifying growth stocks that will outperform the Nasdaq requires both a pragmatic and forward-thinking approach. These companies exhibit resilience and market dominance in their respective industries.

3 Growth Stocks Set to Outperform the Nasdaq in 2024

Amazon offers more diverse revenue streams and extra stability. Okta has a good shot at dramatically boosting sales over the next several years.

News for Shopify Stock (SHOP)