Shopify 4Q Profit Doubles, Revenue Tops Views

Dow Jones

Feb 11, 2025

By Adriano Marchese

Shopify nearly doubled its profit in the fourth quarter thanks to strong results in subscription solutions and merchant solutions that drove revenue higher than expected.

The Ottawa-based ecommerce platform on Tuesday posted net income of $1.29 billion, climbing from $657 million in the same quarter last year.

Revenues rose to $2.81 billion from $2.14 billion. Analysts expected revenue to rise to $2.72 billion, according to FactSet.

Subscription solutions rose nearly 27% and merchant solutions, its largest segment, saw revenue grow 33%.

Gross merchandise volume, a key metric that tallies the total value of orders on Shopify, rose almost 26% in the quarter, reaching $94.46 billion.

Looking ahead to the first quarter, Shopify said it expects revenue to rise at a mid-twenties percentage rate, with gross profit dollars increasing at a low-twenties percentage rate. Analysts expect revenue to grow by 24.2%, according to FactSet.

In addition, first-quarter operating expenses are expected to be about 41% to 42% of revenue, while free cash flow margin is forecasted to be in the mid-teens. In the fourth quarter, free cash flow margin was 22%.

Write to Adriano Marchese at adriano.marchese@wsj.com

(END) Dow Jones Newswires

February 11, 2025 07:42 ET (12:42 GMT)

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Analysts expect revenue to grow by 24.2%, according to FactSet.In addition, first-quarter operating expenses are expected to be abou","collect":0,"end_time":0,"defaultTopTitle":"","property":["earning"],"viewcount":null,"language":"en","relate_stocks":{"SHOP":"Shopify Inc"},"translate_title":"Shopify第四季度利润翻倍，收入位居浏览量榜首","themeId":null,"isJumpTheme":false,"ttsUrl":null,"symbols_score_info":{"SHOP":1},"content_text":"By Adriano Marchese \n\n\n \n\n\n  Shopify nearly doubled its profit in the fourth quarter thanks to strong results in subscription solutions and merchant solutions that drove revenue higher than expected. \n\n\n  The Ottawa-based ecommerce platform on Tuesday posted net income of $1.29 billion, climbing from $657 million in the same quarter last year. \n\n\n  Revenues rose to $2.81 billion from $2.14 billion. 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