Shopify (SHOP) Q3 Revenue Beats Estimates, Offers Guidance

Shopify (NYSE: SHOP) reported Q3 revenue for the quarter came in at $2.16 billion versus the consensus estimate of $2.12 billion.

2024 Outlook

* Revenues to grow at a mid-to-high-twenties percentage rate on a
year-over-year basis;
* Gross profit dollars to grow at a year-over-year rate similar to Q3 2024;
* GAAP operating expense as a percentage of revenues to be 32% to 33%;
* Stock-based compensation to be $120 million; and
* Free cash flow margin to be similar to Q4 2023.

For earnings history and earnings-related data on Shopify (SHOP) click here.

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