Shopify Records $14.6B Merchants Sales Over Black Friday Weekend

  • Shopify delivered a record $14.6B BFCM merchant sales headline over Black Friday to Cyber Monday, up 27% year over year.

Shopify (TSX: SHOP) said merchants generated $14.6 billion in global sales over Black Friday to Cyber Monday, up 27% year over year, a record that implies roughly $11.50 billion last year on the same measure.

Demand breadth was framed through 81+ million customers buying from Shopify-powered brands across the weekend. Intensity peaked at 12:01 PM on Black Friday, when sales hit a record $5.1 million per minute.

Merchant-level outcomes included 15,800+ entrepreneurs making a first sale on Shopify, and 94,900+ merchants posting their highest-selling day ever on the platform.

Shopify also reported a 39% year-over-year increase in sales made via Shop Pay, and said 32% of orders used Shop Pay.

Cross-border orders represented 16% of all global orders. Shopper economics were summarized through average cart price at $114.70, or $112.29 on a constant-currency basis.

Geographically, Shopify listed top selling countries as the US, UK, Australia, Germany, and Canada, with top selling cities Los Angeles, New York, London, San Francisco, and Miami. Category mix skewed to higher-frequency discretionary buckets: Cosmetics, Clothing Tops and Pants, Activewear, and Fitness and Nutrition.

Shopify reported 2.2 trillion edge requests processed, with peak performance at 489 million edge requests per minute.

Shopify last traded at $209.11 on the TSX.


Information for this story was found via the sources mentioned. The author has no securities or affiliations related to the organizations discussed. Not a recommendation to buy or sell. Always do additional research and consult a professional before purchasing a security. The author holds no licenses.

Video Articles

Silver Is in a New Price Regime, and the Market Isn’t Used to It | Keith Neumeyer – First Majestic

Agnico Eagle Just Made a Massive Gold Land Grab

A Copper-Gold Deposit Caught the White House’s Attention | Rob McLeod – Cambria Gold

Recommended

Antimony Resources Drills 4.38% Sb Over 7.05 Metres At Bald Hill In Final Hole Of 2025 Program

Kirkland Lake Drills 121 Metres Of 1.01 g/t Gold At Mirado

Related News

Shopify Will Keep its Employees Working From Home Permanently

When the coronavirus pandemic first devastated the country, many non-essential businesses were forced to close...

Friday, May 22, 2020, 04:29:00 PM

Shopify Proposes CEO To Hold A Trump Card On Voting Power

Shopify Inc. (TSX: SHOP) is looking to preserve its CEO’s voting power with a proposal...

Monday, April 11, 2022, 10:27:00 AM

Shopify Q3 Earnings: Crushing Every Metric

Shopify (TSX: SHOP) delivered an electrifying Q3 earnings report, sending its stock soaring by as...

Sunday, November 17, 2024, 12:14:00 PM

Shopify: Canaccord Raises Price Target To $1,450 Off Back Of Strong Earnings

Shopify (NYSE: SHOP) reported second-quarter financials on July 28th. The company is keeping the US...

Friday, July 30, 2021, 04:32:00 PM

Shopify Jumps 15% After Posting Strong Q3 Revenue Growth

Shopify (NYSE: SHOP) is a major market mover this morning following positive third quarter results...

Thursday, November 2, 2023, 09:47:31 AM