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.

Shopify Q3 2024 earnings infographic

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

  • Shopify Q2 2024 earnings infographic

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

Important takeaways from Conagra Brands’ Q3 2025 report

Conagra Brands, Inc. (NYSE: CAG) has reported weaker-than-expected revenue and profit for the February quarter, with sales declining across all business segments amid softer demand and persistent supply challenges. The

Main takeaways from Lamb Weston’s (LW) Q3 2025 earnings report

Shares of Lamb Weston Holdings, Inc. (NYSE: LW) jumped 9% on Thursday after the company delivered better-than-expected results for the third quarter of 2025 and reaffirmed its outlook for the

Summary: Tesla (TSLA) reports Q1 2025 production, deliveries

Tesla Inc. (NASDAQ: TSLA) has announced results of vehicle production and deliveries for the first quarter of 2025. The company also provided data on the deployment of energy storage products

Add Comment
Loading...
Cancel
Viewing Highlight
Loading...
Highlight
Close