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
KB Home’s Q3 results expected to benefit from built-to-order model, stable demand
KB Home (NYSE: KBH) has been resilient to challenges like high mortgage rates and the inflation-induced strain on family budgets, while benefitting from the recovery in the housing market. When
Signet Jewelers (SIG) reports lower Q2 2025 sales and adj. profit
Signet Jewelers Limited (NYSE: SIG) has reported a decline in net sales and adjusted earnings for the second quarter of 2025. Same-store sales declined 3.4% during the three months. Net
Adobe reports higher Q3 revenue and earnings; results beat estimates
Design software maker Adobe Inc. (NASDAQ: ADBE) on Thursday reported an increase in third-quarter 2024 revenue and earnings. The results also topped expectations. Third-quarter revenues came in at $5.41 billion,