Shopify Q4 Earnings & Guidance
Shopify (SHOP) reported Q4 operating income of $465M, up 61% YoY. Revenue hit $2.81B, beating FactSet’s $2.73B estimate, while gross merchandise volume (GMV) totaled $94.46B, exceeding FactSet’s $92.69B projection. Free cash flow reached $611M versus FactSet’s $555.8M estimate. For Q1, Shopify expects revenue growth in the mid-20s percentage range, gross profit to grow in the low 20s, and free cash flow margin in the mid-teens. The company anticipates strong merchant momentum from Q4 to carry into Q1.
Data sourced from Factset Research Systems Inc.
