Categories AlphaGraphs, Earnings, Retail
SHOP Earnings: Shopify reports 21% growth in Q2 2024 revenue
E-commerce company Shopify Inc. (NYSE: SHOP) Wednesday reported a double-digit increase in second-quarter revenues, reflecting strong performance by both operating segments.
June quarter revenues climbed 21% year-over-year to $2.05 billion, with sales at the Subscription Solutions and Merchant Solutions segments growing 27% and 19% respectively.
The company reported net income of $171 million or $0.13 per share for the second quarter, compared to a loss of $1.31 billion or $1.02 per share in the prior-year period.
“We drove strong growth in GMV, revenue, and gross profit, all amidst a mixed consumer spend environment, continued to take share, and concurrently expanded our free cash flow margin. We delivered across every metric,” said Jeff Hoffmeister, CFO of Shopify.
Prior Performance
Listen to the conference calls as they happen. Don't miss a beat! With AlphaStreet Intelligence, you can listen to live calls and interviews as they happen, so you never have to worry about missing out on important information.
Most Popular
CCL Earnings: Carnival Corp. Q4 2024 revenue rises 10%
Carnival Corporation & plc. (NYSE: CCL) Friday reported strong revenue growth for the fourth quarter of 2024. The cruise line operator reported a profit for Q4, compared to a loss
Key metrics from Nike’s (NKE) Q2 2025 earnings results
NIKE, Inc. (NYSE: NKE) reported total revenues of $12.4 billion for the second quarter of 2025, down 8% on a reported basis and down 9% on a currency-neutral basis. Net
FDX Earnings: FedEx Q2 2025 adjusted profit increases; revenue dips
Cargo giant FedEx Corporation (NYSE: FDX), which completed an organizational restructuring recently, announced financial results for the second quarter of 2025. Second-quarter earnings, excluding one-off items, were $4.05 per share,
