Shopify Q3 Earnings: Crushing Every Metric
Shopify (TSX: SHOP) delivered an electrifying Q3 earnings report, sending its stock soaring by as much as 27%. Revenue climbed 26% year-over-year to $2.16 billion, outpacing consensus estimates of $2.12 billion. The company’s subscription solutions and merchant solutions each grew over 25%, and free cash flow jumped by 53%, showcasing the tech giant’s robust growth.
Key metrics like gross merchandise volume (GMV) and monthly recurring revenue (MRR) also exceeded expectations, with GMV growing 24% to $69.7 billion and MRR rising 27% to $175 million.
Shopify’s president highlighted massive business-to-business GMV growth of 145% and noted increasing international adoption. Major brands like Reebok and Victoria’s Secret are onboarding Shopify’s platform, signaling its dominance in the e-commerce space.
Information for this briefing was found via Sedar and the sources mentioned. The author has no securities or affiliations related to this organization. Not a recommendation to buy or sell. Always do additional research and consult a professional before purchasing a security. The author holds no licenses.
As the founder of The Deep Dive, Jay is focused on all aspects of the firm. This includes operations, as well as acting as the primary writer for The Deep Dive’s stock analysis. In addition to The Deep Dive, Jay performs freelance writing for a number of firms and has been published on Stockhouse.com and CannaInvestor Magazine among others.
