Categories AlphaGraphs, Consumer, Earnings
SHOP Earnings: Shopify reports 26% growth in Q3 2024 revenue
E-commerce company Shopify Inc. (NYSE: SHOP) Tuesday reported a double-digit increase in third-quarter revenues, reflecting strong performance across all operating segments.
September quarter revenues climbed 26% year-over-year to $2.16 billion, with sales at the Subscription Solutions and Merchant Solutions segments growing 26%.
The company reported net income of $828 million for the third quarter, compared to $718 million in the prior-year period.
“Shopify achieved 26% revenue growth and 19% free cash flow margin this quarter, marking our sixth consecutive quarter of greater than 25% revenue growth excluding logistics. Moreover, we have grown free cash flow margin sequentially each quarter this year, consistent with what we delivered last year,” 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
StubHub Holdings set to enter public markets. Here’s what to expect
After a modest start to the year, the IPO market is witnessing an increase in activity led by technology and healthcare companies. StubHub Holdings, a leading online ticket marketplace for
Can Beyond Meat (BYND) overcome its persistent challenges?
Shares of Beyond Meat, Inc. (NASDAQ: BYND) stayed red on Tuesday. The stock has dropped 19% over the past three months. The plant-based meat company continues to struggle in terms
CarMax (KMX) likely to report strong earnings growth for Q4 2025
After reporting robust earnings growth for the third quarter, CarMax, Inc. (NYSE: KMX) is preparing to publish Q4 results next week. Over the years, the company has fostered customer loyalty
