Earnings Details
3rd Quarter September 2021
Thursday, October 28, 2021 7:00:00 AM
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Shopify Misses

Shopify (SHOP) reported 3rd Quarter September 2021 earnings of $0.93 per share on revenue of $1.1 billion. The consensus earnings estimate was $1.26 per share on revenue of $1.1 billion. The Earnings Whisper number was $1.42 per share. Revenue grew 46.4% on a year-over-year basis.

Reported Earnings
Earnings Whisper
Consensus Estimate
Reported Revenue
$1.12 Bil
Revenue Estimate
$1.14 Bil
Earnings Growth
Revenue Growth
Power Rating
Earnings Release

Shopify Announces Third-Quarter 2021 Financial Results

Cumulative GMV reaches $400 billion as Shopify continues to simplify commerce for entrepreneurs everywhere

Shopify reports in U.S. dollars and in accordance with U.S. GAAP

Internet, Everywhere - October 28, 2021 - Shopify Inc. (NYSE, TSX:SHOP), a provider of essential internet infrastructure for commerce, announced today strong financial results for the quarter ended September 30, 2021.

“It took 15 years for our merchants to get to $200 billion in cumulative GMV, and just 16 months to double that to $400 billion,” said Harley Finkelstein, Shopify’s President. “Our merchants’ GMV remained strong in Q3. As the share of GMV from offline expanded within our total GMV, it is clear that entrepreneurs are embracing a future in which retail happens everywhere. Shopify is making it easier for more merchants worldwide to build direct and authentic relationships with their customers, in creative ways that work best for them.”

“The strength of Shopify’s flywheel was on display within the more normalized spending environment we saw this past quarter, as more merchants used more of our platform to start and grow their businesses,” said Amy Shapero, Shopify’s CFO. “Our results show that Shopify is executing well, giving our merchants the tools they need to compete in differentiated ways in a growing number of markets. We remain focused on simplifying commerce for our merchants so they can take full advantage of what digital makes possible and reimagine retail.”

For the full earnings release, please go here