Why I Am Buying Shopify After Its Q3 Earnings
Portfolio Pulse from
Shopify's Q3 2024 results reveal a 26% YoY revenue growth, improved profit margins, and a strong GMV of $69.7 billion. The company shows balanced growth in Merchant and Subscription Solutions, with significant B2B and international gains. Shopify's financial health is robust, with $5.02 billion in cash and a 19% free cash flow margin.
November 13, 2024 | 7:00 pm
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POSITIVE IMPACT
Shopify's Q3 2024 earnings report shows strong performance with 26% YoY revenue growth, improved profit margins, and a robust GMV of $69.7 billion. The company demonstrates balanced growth in Merchant and Subscription Solutions, significant B2B and international gains, and strong financial health with $5.02 billion in cash and a 19% free cash flow margin.
The 26% YoY revenue growth and improved profit margins indicate strong operational performance. The balanced growth in revenue streams and significant gains in B2B and international markets suggest effective scaling and market reach. The robust financial health, with substantial cash reserves and expanding free cash flow margin, supports a positive outlook for Shopify's stock price in the short term.
CONFIDENCE 95
IMPORTANCE 90
RELEVANCE 100