Shopify Inc.'s Stock Analysis

Shopify COO Kasra Nejatian to Depart in September 2025

Shopify Inc. has announced that Chief Operating Officer and Vice President of Product, Kasra Nejatian, will leave the company on September 12, 2025. The company has expressed gratitude for his contributions over the past six years.

The responsibilities held by Nejatian will be taken over by the existing executive team, which the company describes as a capable group with substantial experience, ensuring a smooth transition in leadership.

Sep 10, 2025 16:00:17

Shopify Reports 31% Revenue Growth in Q2 2025

Shopify Inc. announced its financial results for the second quarter of 2025, reporting a 31% increase in revenue and a free cash flow margin of 16%. This marks the eighth consecutive quarter of double-digit free cash flow margins. The company noted significant growth in Gross Merchandise Volume (GMV) across North America, Europe, and Asia Pacific, with Europe experiencing a 42% increase in GMV on a constant currency basis. Management emphasized that the success of merchants on its platform is directly contributing to Shopify's growth.

For the upcoming third quarter, Shopify expects revenue growth to be in the mid-to-high twenties percentage range year-over-year, with gross profit dollars anticipated to grow at a low-twenties percentage rate. Operating expenses are projected to be between 38% and 39% of revenue. The company's stock-based compensation is estimated at $130 million, and free cash flow margin is expected to be in the mid-to-high teens. Detailed financial statements and additional information will be available on Shopify's website and through regulatory filings.

Aug 06, 2025 07:04:55

Shopify Elects Directors and Approves Executive Compensation Plan

Shopify Inc. held its 2025 Annual Meeting of Shareholders on June 17, 2025, where all ten director nominees were elected to the Board of Directors. The votes indicated strong support for the nominees, with notable approval rates for directors such as Lulu Cheng Meservey and David Heinemeier Hansson. Additionally, PricewaterhouseCoopers LLP was appointed as the company's auditors with a significant majority of votes in favor of this decision.

Shareholders also approved a non-binding advisory resolution regarding Shopify's approach to executive compensation, with 62.33% of votes cast in favor. Following the meeting, the Board of Directors plans to appoint Tobias Lütke as Chair and Joe Natale as Lead Independent Director. These outcomes may influence investor sentiment and the company's governance structure moving forward.

Jun 18, 2025 07:03:12

Shopify Reports 27% Revenue Growth and 15% Cash Flow Margin

Shopify Inc. announced its financial results for the first quarter of 2025, achieving a 27% increase in revenue compared to the same quarter last year, totaling $2.36 billion. The company reported a free cash flow margin of 15%, maintaining double-digit margins for seven consecutive quarters. Gross merchandise volume (GMV) rose to $74.75 billion, reflecting a 23% year-over-year growth, while monthly recurring revenue (MRR) increased to $182 million from $151 million in the previous year. Operating income was reported at $203 million, up from $86 million in Q1 2024, indicating improved profitability alongside revenue growth.

In addition to the revenue growth, Shopify's management highlighted their commitment to supporting merchants, emphasizing the platform's capability to enhance business performance even amid varying market conditions. The company also noted that it has achieved eight consecutive quarters of pro forma revenue growth of 25% or more and seven consecutive quarters of GMV growth exceeding 20%. The results were discussed in a conference call held on May 8, 2025, where additional details about their financial performance were provided.

May 08, 2025 07:01:41

Shopify to Hold Annual General Meeting on June 17, 2025

Shopify Inc. will conduct its annual general meeting of shareholders on June 17, 2025, at 10:30 a.m. Eastern Time via a live audio webcast. Shareholders as of April 21, 2025, are entitled to vote on multiple matters including the election of 10 directors, the reappointment of PricewaterhouseCoopers LLP as the Independent Registered Public Accounting Firm, and a non-binding advisory resolution on executive compensation. Shareholders are encouraged to vote by proxy, with the deadline set for June 13, 2025, at 10:30 a.m. Eastern Time.

The management information circular accompanying the notice provides details on the voting process and items to be discussed. Notably, the advisory vote on executive compensation is significant as it reflects shareholder sentiments, with previous votes indicating a decline in support. Shareholders will have the opportunity to engage in real-time during the meeting, submit questions, and vote electronically. For those wishing to participate, it is recommended to review the circular and associated materials available online.

Apr 29, 2025 07:03:17

Shopify Moves U.S. Listing from NYSE to Nasdaq Market

Shopify Inc. announced its decision to voluntarily transfer its U.S. stock exchange listing from the New York Stock Exchange (NYSE) to the Nasdaq Global Select Market. The transition is set to take place with the last trading day on NYSE being March 28, 2025, and trading on Nasdaq starting March 31, 2025. The company's listing on the Toronto Stock Exchange will remain unaffected, maintaining the ticker symbol 'SHOP' on both exchanges.

The press release highlights Shopify's role as a leading commerce technology company, providing essential infrastructure for businesses globally. It emphasizes the trust placed in Shopify by brands across various sectors. However, the release also includes a section on forward-looking statements, cautioning that actual results may differ due to various risks, though specific negative points were not detailed in the announcement.

Mar 18, 2025 18:11:26

Shopify Reports 31% Q4 Revenue Growth and 22% Cash Flow Margin

Shopify Inc. announced notable financial results for Q4 2024, highlighting a 31% increase in revenue compared to the previous year, alongside a free cash flow margin that expanded to 22%. The company also reported a significant growth in Gross Merchandise Volume (GMV), which rose 24% year-over-year, marking the highest GMV growth in three years. The operating income for the quarter was $465 million, a substantial improvement from a loss in the same quarter of the previous year. Additionally, Shopify achieved a cumulative GMV milestone of $1 trillion and maintained positive free cash flow for nine consecutive quarters.

Despite these positive developments, Shopify faced challenges in its operating expenses, which included a notable $1.34 billion impairment related to its logistics business. The overall operating expenses for the year were reported at $3.4 billion, indicating an increase from the previous year. Furthermore, while the company reported a net income of $1.29 billion for the quarter, this figure included significant gains from equity investments, suggesting that core operational performance may require further scrutiny. Overall, while Shopify demonstrated strong growth metrics, the impact of rising expenses and impairments raises questions about future profitability.

Feb 11, 2025 07:01:18