Welcome to our dedicated page for Shopify news (Ticker: SHOP), a resource for investors and traders seeking the latest updates and insights on Shopify stock.
Shopify Inc. (SHOP) operates a leading global commerce platform powering millions of businesses. This page aggregates official company announcements, regulatory filings, and market-moving developments for stakeholders tracking SHOP's trajectory in the e-commerce sector.
Access timely updates on earnings reports, product launches, strategic partnerships, and operational milestones. Content spans both Subscription Solutions (platform enhancements, pricing updates) and Merchant Solutions (payment innovations, shipping integrations).
All materials are sourced from verified corporate communications and SEC disclosures. Bookmark this page for consolidated access to Shopify's evolving position in digital retail infrastructure and commerce technology.
Shopify Inc. (NYSE, TSX: SHOP) reported strong Q2 2024 financial results, with revenue up 21% (25% adjusted for logistics business sale) and gross profit up 25% year-over-year. Key highlights include:
- GMV increased 22% to $67.2 billion
- Revenue grew to $2.0 billion
- Merchant Solutions revenue up 19% to $1.5 billion
- Subscription Solutions revenue rose 27% to $563 million
- Monthly Recurring Revenue (MRR) increased 25% to $169 million
- Free cash flow reached $333 million, with margin expanding to 16%
Shopify's President, Harley Finkelstein, emphasized the company's strengthening position in global commerce, while CFO Jeff Hoffmeister highlighted robust financial performance across all metrics.
Shopify Inc. (NYSE, TSX: SHOP), a leading provider of essential internet infrastructure for commerce, has announced that it will release its second-quarter 2024 financial results on Wednesday, August 7, 2024, before markets open. The company's management team will host a conference call at 8:30 a.m. ET on the same day to discuss the results. Investors and interested parties can access the webcast of the conference call through Shopify's investor relations website. An archived replay of the webcast will be made available after the call concludes.
Shopify announced the results of its 2024 Annual Meeting of Shareholders held on June 4, 2024. All director nominees were elected, with Tobias Lütke receiving the highest majority at 98.10%. Other notable approvals included PricewaterhouseCoopers LLP as auditors, amendments to the Long Term Incentive Plan, and the advisory resolution on executive compensation. Shareholders showed substantial support for these measures, although the approval rates for unallocated options and the Incentive Plan were lower than for other proposals.
Avalara has expanded its partnership with Shopify to enable global tax compliance for merchants of all sizes. Through the Shopify Tax Platform, Shopify customers can now easily manage and automate global tax compliance with Avalara's tax solutions. This partnership aims to address the unique compliance requirements of businesses globally, allowing merchants to transact, comply, and scale with confidence.
Shopify announced its first-quarter 2024 financial results, showing a 23% increase in revenue and a 33% increase in gross profit. The company's free cash flow margin doubled year over year to 12%, reflecting strong performance and commitment to growth and profitability. Gross Merchandise Volume increased to $60.9 billion, with revenue growth of 29% after adjusting for the sale of logistics businesses. Shopify remains focused on operational discipline and strong execution to drive future success.
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