Shopify's Growth Still Looks Solid
Here's our initial take on 's (NYSE: SHOP) fourth-quarter financial report.
Shopify's fourth-quarter financial report kept the company on a track toward regaining its full glory after losing well over 80% of its value during the 2022 bear market. Gross merchandise volume for the full 2024 year was up 24% from 2023, with growth in the fourth quarter outpacing that full-year growth rate. With annual GMV approaching $300 billion, Shopify passed the $1 trillion mark in cumulative GMV throughout the Canadian e-commerce site's history. Adjusted net income and free cash flow saw similarly impressive gains year over year.
CEO Tobi Lütke didn't make any comments in the prepared press release, but executive Harley Finkelstein and Jeff Hoffmeister had praise for the company's success. Corporate president Finkelstein pointed to Shopify's track record and its focus on merchants for giving the company a good competitive position heading into 2025. CFO Hoffmeister pointed to improving free cash flow margin levels and accelerating GMV growth throughout the year.
Source Fool.com
Shopify Inc Aktie
Aktuell gibt es mit 4 Buy-Einschätzungen und 0 Sell-Einschätzungen ein positives Sentiment für die Shopify Inc Aktie.
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