Shopify reports Q3 revenue up 32% YoY to $3.74B, vs. $3.75B est., GMV up 29% to $119.1B, net income up 75% to $462M, and adjusted EPS of $0.49, above $0.47 est. (Adriano Marchese/Wall Street Journal)
The e-commerce company generated $3.74 billion in third-quarter revenue, reflecting a 32% year-over-year expansion that slightly missed expectations. Meanwhile, gross merchandise volume demonstrated strong merchant engagement by surging 29% to hit $119.1 billion during the quarter. Bottom-line performance showed significant strength, as net income rose 75% to reach $462 million. Additionally, adjusted earnings per share reached $0.49, outperforming the $0.47 per share anticipated by Wall Street analysts.
Key points
Adjusted earnings per share of $0.49 managed to exceed consensus estimates set by Wall St…: Adjusted earnings per share of $0.49 managed to exceed consensus estimates set by Wall Street at $0.47.
Quarterly revenue slightly missed analyst projections after coming in at $3.74 billion ag…: Quarterly revenue slightly missed analyst projections after coming in at $3.74 billion against an expected $3.75 billion.
Substantial net income growth demonstrated solid profitability gains alongside double-dig…: Substantial net income growth demonstrated solid profitability gains alongside double-digit gross merchandise volume expansion.
Sources checked by our analysis pipeline: 1
Apple: |
Dave Lee / Bloomberg: |
Michael Acton / Financial Times: |
Sarah Perez / TechCrunch: |
Marcus Mendes / 9to5Mac: |
Ben Schoon / 9to5Google: |
Julie Bort / TechCrunch: |
Wall Street Journal: |
Bailey Lipschultz / Bloomberg: |
Ashley Capoot / CNBC: |
Rikiya Takehi: |
Gareth Vipers / Wall Street Journal: |
Financial Times: |
Tom Wilson / Financial Times: |
The Information: |
Financial Times: |
OpenAI: |
Jason Shubnell / The Block: |
Samantha Subin / CNBC: |
Adriano Marchese / Wall Street Journal: |
Jagmeet Singh / TechCrunch: |
Kai Nicol-Schwarz / CNBC: |
New York Times: |
Bloomberg: |
David Freedlander / New York Magazine: |
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