Shopify (SHOP) reported 2nd Quarter June 2021 earnings of $2.29 per share on revenue of $1.1 billion. The consensus earnings estimate was $1.00 per share on revenue of $1.0 billion. The Earnings Whisper number was $1.28 per share. Revenue grew 56.7% on a year-over-year basis.
Shopify Announces Second-Quarter 2021 Financial Results
Achieves First $1 Billion Revenue Quarter on Record GMV
Helping Independent Brands Compete as Commerce Goes Digital
Shopify reports in U.S. dollars and in accordance with U.S. GAAP
Internet, Everywhere - July 28, 2021 - Shopify Inc. (NYSE:SHOP)(TSX:SHOP), a provider of essential internet infrastructure for commerce, announced today strong financial results for the quarter ended June 30, 2021.
“This past year has been one of great uncertainty for independent merchants. What used to be two completely distinct industries, the retail industry and the online commerce industry, are now just the commerce industry. In this new reality, our goal at Shopify is clearer than ever: we want to give entrepreneurs around the world the best chance to create their own certainty, to reach for independence and to seize opportunity that they uniquely see. Shopify is building the essential infrastructure for this increasingly digital world to allow as many people as possible to participate,” said Tobi Lütke, Shopify's CEO at our recent Shopify Unite developer conference.
“Shopify fired on all cylinders in our second quarter, keeping our merchants well equipped to seize the opportunities presented in a post-pandemic retail era,” said Amy Shapero, Shopify’s CFO. “As consumer spending remained strong, our merchants thrived and extracted more value from our platform, contributing to our rapid growth. We built on our momentum, making significant updates to our platform infrastructure, expanding strategic partnerships, and advancing our portfolio of growth initiatives to future-proof the success of tomorrow’s entrepreneurs.”
For the full earnings release, please go here.