Shopify saw continued acceleration in Shop Pay and faster checkout, and growth in its merchant base as a strong holiday shopping season drove results.But investors fled the stock Tuesday morning on the heels of guidance that pointed to rising operating costs. They sent the stock lower by as much as 8% at the opening of trading on Tuesday (Feb. 13).Drilling down into the numbers, gross merchandise volume (GMV) was up 23% to $875.2 billion. Merchant Solutions revenue increased 21% to $1.6 billion, which manag ...

In this video, I will cover Shopify's (SHOP -9.16%) fourth-quarter earnings report, which beat on the top and bottom lines but wasn't enough to satisfy the market.*Stock prices used were from the trading day of Feb. 12, 2024. The video was published on Feb. 13, 2024. ...

An employee works at Shopify's headquarters in Ottawa, Ontario in Canada.Shopify shares slid about 7% Tuesday morning after the Canadian e-commerce company reported better-than-expected earnings for the fourth quarter, but gave mixed guidance for the current period.Here's how the company did for the quarter compared to consensus expectations from LSEG, formerly known as Refinitiv:Earnings per share: 34 cents, adjusted vs. 31 cents expectedRevenue: $2.14 billion vs. $2.08 billionJeff Hoffmeister, Shopify's C ...

Shopify (SHOP) came out with quarterly earnings of $0.34 per share, beating the Zacks Consensus Estimate of $0.31 per share. This compares to earnings of $0.07 per share a year ago. These figures are adjusted for non-recurring items.This quarterly report represents an earnings surprise of 9.68%. A quarter ago, it was expected that this cloud-based commerce company would post earnings of $0.15 per share when it actually produced earnings of $0.24, delivering a surprise of 60%.Over the last four quarters, the ...

Shopify Inc (TSX:SH., NYSE:SHOP) stock traded lower in Tuesday’s early deals despite a strong trading performance at the end of 2023. At $2.1 billion, Shopify reported a 24% increase in fourth quarter revenue – or 30% after adjusting for the sale of Shopify’s logistics business – whilst total merchandising across the firm’s platform similarly showed a 23% improvement up to $75.1 billion. Gross profit was up 33% to $1.1 billion. Shopify reported an operating income margin of 13%, and a free cash flow margin ...

Shopify Inc (NYSE: SHOP) is trading down in premarket on Tuesday even though it reported market-beating revenue for its fourth financial quarter.Investors are cheering also because the management issued upbeat guidance for the future. Shopify now forecasts its revenue to grow by more than 20% at least in Q1. Analysts, in comparison, were at billion. Harley Finkelstein – the president of Shopify Inc said in a press release today:As we look ahead to 2024, our focus remains on driving innovation in an ever-evo ...

Shopify Inc. beat profit expectations for the latest quarter and projected margin improvement for the current one, but its shares were pulling back in Tuesday’s premarket action. The company, which enables businesses to run online shops, posted fourth-quarter net income of $657 million, or 51 cents a share, whereas Shopify SHOP, -1.82% SHOP, -1.76% logged a net loss of $623 million, or 49 cents a share, in the year-before quarter. On an adjusted basis, Shopify posted 34 cents in earnings per share, up ...

EXHIBIT 99.1 Shopify Announces Fourth-Quarter and Full-Year 2023 Financial Results Fourth Quarter Revenue up 24% and Free Cash Flow Margin Hits 21%; Full Year Revenue up 26% and Free Cash Flow Margin Achieves 13% Internet, Everywhere - February 13, 2024 - Shopify Inc. (NYSE, TSX: SHOP), a provider of essential internet infrastructure for commerce, announced today financial results for the quarter and year ended December 31, 2023. “2023 was an incredible year for both Shopify and our merchants. Our strong Q4 ...

Shopify (SHOP) is expected to have benefited from its expanding merchant base in fourth-quarter 2023, set to be reported on Feb 13.Accelerated adoption of Shopify products such as Shop Pay, Shop Pay Installments, Shopify Markets Pro, Shopify POS and Shopify Balance is likely to have driven the company’s top line in the to-be-reported quarter.Click here to know how Shopify’s overall fourth-quarter results are likely to be.Strategic Integrations Boost ProspectIncreased focus on expanding its merchant base is ...

EXHIBIT 99.1 Shopify Announces Fourth-Quarter and Full-Year 2023 Financial Results Fourth Quarter Revenue up 24% and Free Cash Flow Margin Hits 21%; Full Year Revenue up 26% and Free Cash Flow Margin Achieves 13% Internet, Everywhere - February 13, 2024 - Shopify Inc. (NYSE, TSX: SHOP), a provider of essential internet infrastructure for commerce, announced today financial results for the quarter and year ended December 31, 2023. “2023 was an incredible year for both Shopify and our merchants. Our strong Q4 ...