Shopify Inc.
179.01+0.05 (+0.03%)
Oct 29, 4:00:00 PM EDT · NasdaqGS · SHOP · USD
Key Stats
Market Cap
232.80BP/E (TTM)
98.90Basic EPS (TTM)
1.81Dividend Yield
0%Recent Filings
8-K
Shopify COO departs soon
Shopify's Chief Operating Officer and Vice President of Product, Kaz Nejatian, is departing on September 12, 2025, after six years of key contributions to the founder-led commerce firm. The executive team, boasting deep experience, will absorb his duties for a seamless transition. No successor named yet. This shift tests internal bench strength amid ongoing operations.
10-Q
Q2 FY2025 results
Shopify's Q2 revenue surged 31% year-over-year to $2.7B, fueled by 37% growth in merchant solutions to $2.0B amid 31% higher GMV of $87.8B, while subscription solutions rose 17% to $656M on stronger MRR. Gross margin dipped to 49% from 51% as lower-margin payments scaled, yet operating income climbed 21% to $291M with expenses up 26% to $1.0B, driven by marketing and R&D investments. Diluted EPS hit $0.69, aligning with 1.3B shares; net income ballooned to $906M on a $681M unrealized investment gain, versus $171M last year. Cash from operations reached $428M, bolstering $1.5B cash and $4.3B marketable securities, with $919M in convertible notes due 2025. Acquired Vantage in March for $59M cash, adding $39M goodwill and $20M intangibles over three years to boost AI search. Volatility in equity investments persists as a key risk.
8-K
Shopify's Q2 revenue jumps 31%
Shopify reported Q2 2025 results on August 6, showing revenue of $2,680 million, up 31% from $2,045 million last year, with GMV surging to $87,837 million from $67,245 million. Operating income climbed to $291 million, while free cash flow hit $422 million at a 16% margin—steady yet strong. Europe led with 42% constant-currency GMV growth. Q3 guidance projects mid-to-high twenties revenue growth, but economic shifts in key markets pose risks.
8-K
Shopify AGM elects directors
Shopify's shareholders overwhelmingly elected all ten director nominees at the June 17, 2025, annual meeting, with strong support for most but notable opposition for Gail Goodman (75.71% for) and Fidji Simo (83.76% for). PricewaterhouseCoopers LLP secured 99.35% approval as auditors, while the advisory vote on executive compensation passed narrowly at 62.33%. The board will retain Tobias Lütke as Chair and appoint Joe Natale as Lead Independent Director. Shareholder pushback highlights governance scrutiny.
10-Q
Q1 FY2025 results
Shopify's Q1 FY2025 revenue climbed 27% y/y to $2.4B, with merchant solutions surging 29% y/y to $1.7B on 23% higher GMV of $74.8B, while subscription solutions grew 21% y/y to $620M amid rising MRR. Gross margin dipped to 50% from 51% y/y as lower-margin payments scaled, but operating income more than doubled to $203M on tighter expense controls. Net loss widened to $682M from $273M y/y, driven by $1.0B in unrealized losses on equity investments—far exceeding the $203M operating gain—partly offset by an $88M tax recovery. Cash from operations hit $367M, bolstering $5.5B in cash and equivalents against $919M in convertible notes due 2025; the $59M Vantage acquisition added $39M goodwill and $20M intangibles amortized over three years to speed AI search features. Investing stays sharp. Yet competition from nimble rivals could pressure merchant retention.
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