Shopify(SHOP)

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Why Are Shopify Shares Soaring After Earnings?
The Motley Fool· 2024-11-12 15:42
Shopify stock is up 20% after the company reported Q3 earnings. Is the stock a buy right now?In this video, I will cover Shopify's (SHOP 26.18%) third-quarter earnings report. Watch the short video to learn more, consider subscribing, and click the special offer link below.*Stock prices used were from the trading day of Nov. 11, 2024. The video was published on Nov. 12, 2024. ...
Shopify(SHOP) - 2024 Q3 - Quarterly Results
2024-11-12 15:00
EXHIBIT 99.2 MANAGEMENT'S DISCUSSION AND ANALYSIS November 11, 2024 In this Management's Discussion and Analysis ("MD&A"), "we", "us", "our", "Shopify" and "the Company" refer to Shopify Inc. and its consolidated subsidiaries, unless the context requires otherwise. In this MD&A, we present Shopify's results of operations and cash flows for the three and nine months ended September 30, 2024 and 2023, and our financial position as of September 30, 2024. You should read this MD&A together with our unaudited co ...
Shopify(SHOP) - 2024 Q3 - Earnings Call Presentation
2024-11-12 14:51
s | shopify Q3 2024 Financial Results November 12, 2024 Advisories This presentation contains forward-looking statements and forward looking information (collectively, "forward-looking statements"), including statements related to Shopify's financial outlook, including expected revenue and expenses for the next fiscal quarter, that are based on our management's current estimates, beliefs and assumptions and management's perception of historic trends, current conditions and expected future developments, as w ...
Shopify rockets to 22-month high following stand-out third quarter
Proactiveinvestors NA· 2024-11-12 13:56
About this content About William Farrington William kickstarted his career as a researcher and reporter for a global legal publication, covering everything from public law to M&A. Before moving to Proactive Investors, he worked as a reporter for a major fintech company with a focus on cryptocurrency and blockchain technology. Harking from Queensland, Australia, William obtained first-class honours in journalism and media from Birkbeck University before going on to complete an MA in creative and critical ...
Shopify(SHOP) - 2024 Q3 - Quarterly Report
2024-11-12 12:06
EXHIBIT 99.2 MANAGEMENT'S DISCUSSION AND ANALYSIS November 11, 2024 In this Management's Discussion and Analysis ("MD&A"), "we", "us", "our", "Shopify" and "the Company" refer to Shopify Inc. and its consolidated subsidiaries, unless the context requires otherwise. In this MD&A, we present Shopify's results of operations and cash flows for the three and nine months ended September 30, 2024 and 2023, and our financial position as of September 30, 2024. You should read this MD&A together with our unaudited co ...
Shopify Q3 2024 Revenue Growth Accelerates to 26%, Free Cash Flow Margin Expands to 19%
Newsfile· 2024-11-12 12:00
Financial Performance - Shopify achieved 26% YoY revenue growth in Q3 2024, marking the sixth consecutive quarter of over 25% growth excluding logistics [2][3] - Free cash flow margin expanded to 19% in Q3 2024, with sequential growth each quarter this year [3] - GMV increased 24% YoY to $69,715 million in Q3 2024 [4][18] - Operating income grew 132% YoY to $283 million in Q3 2024 [6][18] - Net income for Q3 2024 was $828 million, up from $718 million in Q3 2023 [16] Revenue Breakdown - Total revenues reached $2,162 million in Q3 2024, up from $1,714 million in Q3 2023 [4][6] - Subscription solutions revenue grew 26% YoY to $610 million in Q3 2024 [6][18] - Merchant solutions revenue increased 26% YoY to $1,552 million in Q3 2024 [6][18] Cost and Profitability - Gross profit rose 24% YoY to $1,118 million in Q3 2024 [6][18] - Operating expenses totaled $835 million in Q3 2024, up from $779 million in Q3 2023 [6] - Free cash flow reached $421 million in Q3 2024, compared to $276 million in Q3 2023 [16] Outlook - For Q4 2024, Shopify expects revenue growth in the mid-to-high twenties percentage range YoY [7] - Gross profit dollars are projected to grow at a similar YoY rate as Q3 2024 [7] - GAAP operating expense as a percentage of revenues is expected to be 32% to 33% in Q4 2024 [7] Business Highlights - Shopify's unified commerce platform is becoming the preferred choice for merchants of all sizes [3] - The company powers millions of businesses in over 175 countries, including major brands like Mattel, Gymshark, and Netflix [10] - Shopify provides essential internet infrastructure for commerce, offering tools for starting, scaling, and running retail businesses [10]
Shopify Gears Up For Q3 Print; Here Are The Recent Forecast Changes From Wall Street's Most Accurate Analysts
Benzinga· 2024-11-12 06:45
Shopify Inc. SHOP will release earnings results for its third quarter, before the opening bell on Tuesday, Nov. 12.Analysts expect the Ottawa, Canada-based company to report quarterly earnings at 37 cents per share, up from 32 cents per share in the year-ago period. Shopify projects to report revenue of $2.94 billion for the quarter, according to data from Benzinga Pro.The company has beaten analyst estimates for revenue in seven straight quarters.Shopify shares gained 3.3% to close at $89.99 on Monday.Benz ...
Options Traders Target Shopify Stock Before Earnings
Schaeffers Investment Research· 2024-11-11 20:04
Shopify Inc (NYSE:SHOP) stock is on the rise today ahead of the company's third-quarter earnings report, due out before the open tomorrow, Nov 12. Analysts expect the Canada-based e-commerce name to post earnings of 27 cents per share and revenue of $2.11 billion. At last glance, SHOP was up 3.4% at $89.87. The shares earlier jumped above their February peak, hitting a fresh 52-week high. Looking at the past two years, SHOP has a history of outsized post-earnings moves, including a 17.8% pop this past Augus ...
Shopify Stock Rides High Into Q3: Can Earnings Justify The Surge?
Benzinga· 2024-11-11 18:00
Shopify Inc SHOP will be reporting its third-quarter earnings on Tuesday. Wall Street expects 27 cents in EPS and $2.11 billion in revenues as the company reports before market hours.The stock is up 47.31% over the past year, 24.38% YTD.Let’s look at what the charts indicate for Shopify stock and how the stock currently maps against Wall Street estimates.Read Also: Cathie Wood’s Ark Innovation, Genomic ETFs Celebrate 10 Years: How Annual Returns Stack Up Against S&P 500Shopify Technical Setup Ahead Of Q3 Ea ...
Zacks Industry Outlook Shopify, Alphabet and Uber
ZACKS· 2024-11-11 13:45
For Immediate ReleaseChicago, IL – November 11, 2024 – Today, Zacks Equity Research like Shopify (SHOP) , Alphabet (GOOGL) and Uber (UBER) .Industry: Internet ServicesLink: https://www.zacks.com/commentary/2367719/internet-services-industry-is-hot-buy-shop-googl-uberMacro factors currently driving the economy, such as the relatively high interest rates, relatively strong labor markets, supply chain issues (though minimal right now and in pockets) and so forth have a varied impact on players in the extremely ...