Categories AlphaGraphs, Earnings, Retail

Shopify (SHOP) Earnings: 2Q23 Key Numbers

Shopify Inc. (NYSE: SHOP) reported total revenue of $1.7 billion for the second quarter of 2023, which was up 31% year-over-year.

Net loss was $1.3 billion, or $1.02 per share, compared to $1.2 billion, or $0.95 per share, last year. Adjusted EPS was $0.14.

Gross Merchandise Volume (GMV) increased 17% to $55 billion.

For the third quarter of 2023, the company expects revenue to grow at a low-twenties percentage rate on a year-over-year basis.

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