Shopify Inc. class A subordinate (store) reports earnings

Shopify Inc. class A subordinate (SHOP+1.70%? has submitted its form 10-k Filing For the financial year, on December 31, 2024.

The archiving reports total revenue of $ 8.88 billion for the year, an increase of 26% from $ 7.06 billion in 2023. This growth was driven by both subscription solutions and commercial solutions that experienced an income of $ 2.35 billion respectively and $ respectively 6.53 billion.

Shopify’s gross merchandise volume (GMV) for 2024 was $ 292.3 billion, representing an increase of 24% from the previous year. The increase in GMV was attributed to growth in the number of merchants using the platform and increased adoption of Shopify payments.

The company reported a net income of $ 2.02 billion for 2024 compared to $ 132 million by 2023. The increase in net income was primarily due to a significant unrealized gain on equity and other investments.

Operating expenses for the year amounted to $ 3.4 billion, down from $ 4.93 billion in 2023. The fall was largely due to the absence of impairment in the sale of Shopify’s logistics companies in 2023.

Shopify’s cash, cash equivalents and marketable securities amounted to $ 5.48 billion at the end of 2024, an increase of $ 5.01 billion at the end of 2023.

The company continues to focus on expanding its trading base and improving its platform with new features and solutions. Shopify also plans to continue investing in new technologies, including artificial intelligence, to support its growth strategy.

Shopify’s annual report highlights the company’s strategic partnerships and investments in other companies as part of its growth strategy. The company has equity and other investments worth $ 5.3 billion per year. 31 December 2024.

The filing also notes that Shopify does not expect to pay cash yields in the foreseeable future, as it intends to reinvest earnings to finance growth.

This content was summarized by generative artificial intelligence using public archives taken from Sec.gov. The original data were derived from Shopify Inc. Class A Subordinate Annual 10-K Report Dated 11 February 2025. To report an error please e -maile [email protected].