Future

Rose

<div class="textg" style="text-align: justify; font-weight: lighter; line-height: 1.3em; font-size: 15px; border-radius: 3px; color: #80909a; padding: 10px; background-color: #F4F6F9; margin-bottom: 15px;">
 Neither the author, Tim Fries, nor this website, The Tokenist, provide financial advice. Please consult our&nbsp;<a href="https://tokenist.com/terms-of-service/" style="text-decoration:underline;color:#3c7b7b" target="_blank" rel="noopener noreferrer nofollow" class="deco-link">website policy</a>&nbsp;prior to making financial decisions.
</div>
<p class="has-drop-cap">Shopify Inc. (NYSE, TSX: SHOP) has <a aria-label="reported (opens in a new tab)" href="https://s27.q4cdn.com/572064924/files/doc_financials/2024/q3/Q3-2024-Press-Release-Final.pdf" target="_blank" rel="noopener noreferrer nofollow" class="deco-link">reported</a> impressive results for the third quarter ending September 30, 2024. The company experienced a robust 26% year-over-year revenue growth, reaching $2.162 billion, up from $1.714 billion in the same period last year. This growth marks Shopify’s sixth consecutive quarter of achieving over 25% revenue growth, excluding logistics. Gross Merchandise Volume (GMV) also saw a significant increase, climbing to $69.715 billion from $56.205 billion in the prior year.</p>
<h3 id="shop-monthly-recurring-revenue-rose-to-175m-in-third-quarter">SHOP Monthly Recurring Revenue Rose to $175M in Third Quarter</h3>
<p>The company’s free cash flow margin expanded to 19%, a clear indicator of its operational efficiency and strategic investment capabilities. Operating income also surged to $283 million, more than doubling from $122 million in the previous year. <br><br>Shopify’s Monthly Recurring Revenue (MRR) rose to $175 million, reflecting the growing number of merchants relying on its platform for their commerce needs. These figures underscore the company’s ability to leverage its unified commerce platform to attract a diverse range of merchants.</p>
<p>Shopify outperformed expectations of $2.12 billion in revenue for the quarter, delivering revenue of $2.162 billion, slightly above the predicted figure. The company’s strong revenue performance reflects its ability to capitalize on the growing demand for e-commerce solutions.</p>
<div class="cta-referral"><img src="https://tokenist.com/wp-content/themes/thetokenist/assets/img/del/cta-referral-1.png" alt="" class="cta-referral__img" loading="lazy" decoding="async">
 <div class="cta-referral__text">
  <p>Join our&nbsp;<a href="https://t.me/thetokenist" target="_blank" rel="noopener noreferrer nofollow" class="deco-link">Telegram group&nbsp;and never miss a breaking story.</a></p>
 </div>
</div>
<h3 id="shop-guidance-and-future-outlook">SHOP Guidance and Future Outlook</h3>
<p>Looking ahead to the fourth quarter of 2024, Shopify has provided optimistic guidance, expecting revenue growth in the mid-to-high-twenties percentage range on a year-over-year basis. The company anticipates gross profit dollars to grow at a rate similar to the third quarter, maintaining its focus on operational efficiency. Additionally, Shopify expects GAAP operating expenses to account for 32% to 33% of revenues, with stock-based compensation projected at $120 million.</p>
<p>Shopify’s guidance reflects its strategic priorities, which include balancing growth investments with operational leverage. The company remains committed to enhancing its platform’s capabilities to support merchants during the critical holiday shopping season.</p> <iframe src="https://tokenist.substack.com/embed" width="100%" height="320" style="border:1px solid #EEE; background:white;" frameborder="0" scrolling="no"></iframe>
<p><em>Disclaimer: The author does not hold or have a position in any securities discussed in the article.</em></p>
<h3 id="br"><br></h3>
<p>The post <a rel="noopener noreferrer nofollow" href="https://tokenist.com/shopify-inc-reports-26-y-y-revenue-growth-in-q3-beating-expectations/">Shopify Inc. Reports 26% y/y Revenue Growth in Q3, Beating Expectations</a> appeared first on <a rel="noopener noreferrer nofollow" href="https://tokenist.com">Tokenist</a>.</p>

Shopify Inc. Reports 26% y/y Revenue Growth in Q3, Beating Expectations

Table of Contents

Tokenist

Other articles published on Nov 12, 2024

Weekly Article Recap: 11/04-11/08

Cardano whales pump $1.4m into this viral altcoin as SUI breaks $3 milestone

New Cryptocurrency Releases, Listings, & Presales Today – Credbull, Dagcoin, bitSmiley

MicroStrategy Stock Soars to $340 After $2B Bitcoin Purchase, Holding Now Totals 279,420 BTC

CrytocoinMiner emerges as most recommended cloud mining platform of 2024

Top Upcoming ICOs: Promising New Cryptos to Watch

Join our free newsletter for daily crypto updates!