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Shopify (SHOP) Earnings: Key highlights from Q3 2021 report

E-commerce platform Shopify (NYSE: SHOP) on Thursday reported a 46% growth in third-quarter 2021 revenues. However, adjusted earnings decreased year-over-year. Revenues moved up 46% annually to $1.12 billion, which was below the consensus estimates. However, adjusted profit dropped to $0.81 per share from $1.13 per share in the third quarter of 2020. The reported net […]

$SHOP October 28, 2021 1 min read

NYSE

$SHOP · Earnings

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E-commerce platform Shopify (NYSE: SHOP) on Thursday reported a 46% growth in third-quarter 2021 revenues. However, adjusted earnings decreased year-over-year. Revenues moved up 46% annually to $1.12 billion, which was below the consensus estimates. However, adjusted profit dropped to $0.81 per share from $1.13 per share in the third quarter of 2020. The reported net […]
· October 28, 2021

E-commerce platform Shopify (NYSE: SHOP) on Thursday reported a 46% growth in third-quarter 2021 revenues. However, adjusted earnings decreased year-over-year.

Shopify Q3 2021 earnings infographic

Revenues moved up 46% annually to $1.12 billion, which was below the consensus estimates.

However, adjusted profit dropped to $0.81 per share from $1.13 per share in the third quarter of 2020. The reported net income was $1.15 billion or $9.0 per share, compared to $191.1 million or $1.54 per share in the prior-year period.

Read management/analysts’ comments on Shopify’s Q3 report

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The company’s stock declined on Thursday morning immediately after the earnings announcement, after closing the previous session lower.

Prior Performance

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