🔹 EPS: $0.44 (Est. $0.43) 🟡
🔹 Revenue: $2.812B (Est. $2.731B) 🟢; UP +31% YoY
🔹 FCF: $611M (Est. $568.16M) 🟢; UP +37% YoY
🔹 GMV $94.5B (Est. $92.7B) 🟢
Q1'25 Guidance:
🔹 Revenue Growth: Mid-20% range YoY (Est. 25% YoY)😕
🔹 Gross Profit Growth: Low-20% range YoY
🔹 Operating Expenses: 41%-42% of Revenue
🔹 Free Cash Flow Margin: Mid-Teens
Q4 FY24 Segment Performance:
Subscription Solutions:
🔹 Revenue: $666M (Est. $648.9M) 🟢; UP +27% YoY
Merchant Solutions:
🔹 Revenue: $2.146B (Est. $2.078B) 🟢; UP +33% YoY
Key Metrics:
🔹 Gross Profit: $1.352B (Est. $1.326B) 🟢; Gross Margin: 48%
🔹 GMV: $94.46B; UP +26% YoY
🔹 Monthly Recurring Revenue (MRR): $178M; UP +24% YoY
Strategic Updates:
🔸 Shopify crossed $1T in cumulative GMV.
🔸 International Revenue Growth: +33% YoY
🔸 Offline Revenue Growth: +33% YoY
🔸 B2B GMV Growth: >140% YoY
FY24 Performance:
🔹 Annual Revenue: $8.88B; UP +26% YoY
🔹 Free Cash Flow Margin: 18% (2023: 13%)
🔹 GMV: $292.28B; UP +24% YoY
Management Commentary:
🔸 Harley Finkelstein, President:
“2024 was a stand-out year for Shopify. We seized every opportunity to fuel growth. Heading into 2025, we are committed to making entrepreneurship more common and establishing Shopify as the go-to commerce platform for businesses of all sizes.”