Shopify (NYSE:SHOP) Full Year 2024 Results

Key Financial Results

• Revenue: US$8.88b (up 26% from FY 2023).
• Net income: US$2.02b (up by US$1.89b from FY 2023).
• Profit margin: 23% (up from 1.9% in FY 2023).
• EPS: US$1.57 (up from US$0.10 in FY 2023).

All figures shown in the chart above are for the trailing 12 month (TTM) period

Shopify EPS Beats Expectations

Revenue was in line with analyst estimates. Earnings per share (EPS) surpassed analyst estimates by 75%.

Looking ahead, revenue is forecast to grow 18% p.a. on average during the next 3 years, compared to a 9.6% growth forecast for the IT industry in the US.

The company's shares are up 3.7% from a week ago.

Risk Analysis

This article by Simply Wall St is general in nature. We provide commentary based on historical data and analyst forecasts only using an unbiased methodology and our articles are not intended to be financial advice. It does not constitute a recommendation to buy or sell any stock, and does not take account of your objectives, or your financial situation. We aim to bring you long-term focused analysis driven by fundamental data. Note that our analysis may not factor in the latest price-sensitive company announcements or qualitative material. Simply Wall St has no position in any stocks mentioned.