Shopify公司预计2026年第一季度收入将实现增长

Core Viewpoint - Shopify expects revenue growth in Q1 2026, continuing the momentum from Q4 across merchants, regions, and sales channels [1][10] Revenue Projections - Revenue is projected to grow from $2.36 billion in Q1 2025 to approximately $2.95 billion in Q1 2026, reflecting a growth rate of over 30% [1][10] - For the year 2025, Shopify's revenue is expected to increase to $11.56 billion, with analysts forecasting a further rise to $14.26 billion, representing a growth of about 23.4% [2][11] Profitability and Financial Metrics - The company anticipates gross profit growth at nearly 30%, with operating expenses expected to account for 37% to 38% of revenue [3][12] - Free cash flow margin is projected to be between 10% and 15% [3][12] - In Q4, Shopify reported a net profit of $743 million, or $0.57 per share, down from $1.29 billion or $0.99 per share in the same period last year [4][13] - Adjusted earnings per share were $0.48, slightly below the analyst expectation of $0.50 [4][13] Revenue and GMV Growth - Revenue increased from $2.81 billion to $3.67 billion, surpassing analyst expectations of $3.59 billion [5][14] - Gross Merchandise Volume (GMV) rose from $94.46 billion to $123.84 billion year-over-year [6][15] - Monthly recurring revenue increased from $178 million to $205 million [7][15] Cash Flow and Stock Performance - Free cash flow was reported at $715 million, up from $611 million year-over-year, although the free cash flow margin decreased from 22% to 19% [8][15] - The stock has significantly declined from a high of approximately CAD 253 to CAD 172.54 recently, reflecting broader trends in software stocks as investors await clarity on the impact of artificial intelligence and overall demand [8][9][15]