tl;dr
Shopify (NYSE: SHOP) reported impressive Q1 results: - Non-GAAP EPS of $0.20 beat estimates by $0.03. - Revenue of $1.86B, up 23.2% Y/Y, surpassed expectations by $10M. - Gross Merchandise Volume (GMV) surged 23% to $60.9 billion. - Merchant Solutions revenue grew 20% to $1.4 billion, driven by GMV ...
Shopify (NYSE: SHOP) reported impressive Q1 results: - Non-GAAP EPS of $0.20 beat estimates by $0.03. - Revenue of $1.86B, up 23.2% Y/Y, surpassed expectations by $10M. - Gross Merchandise Volume (GMV) surged 23% to $60.9 billion. - Merchant Solutions revenue grew 20% to $1.4 billion, driven by GMV growth and Shopify Payments. - Gross Payments Volume (GPV) reached $36.2 billion, accounting for 60% of GMV processed. - Subscription Solutions revenue rose 34% to $511 million, fueled by merchant growth and subscription plan price increases. - Monthly Recurring Revenue (MRR) as of March 31, 2024, soared 32% to $151 million, with Shopify Plus contributing $48 million.
More about Shopify Inc
Shopify Inc. Stock Analysis Shopify Inc. Stock Analysis Summary
Shopify Inc. is a commerce company that offers a commerce and service platform in Canada, the United States, the United Kingdom, Australia, Latin America, and internationally. The company is headquartered in Ottawa, Canada.
Company Details
Sector: Technology
Industry: Services - Prepackaged Software
Stock Performance
Market Cap: 994.70 billion
Current Price: $772.04
Dividend Yield: None
Day's Range: 0.1
52-week Range: 5.51
EPS: 0.0187
Volume: 7,060,000,000
P/E Ratio: 82.93
Forward P/E: 4.858
Beta: 0.236
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