Shopify reports strong Q4 earnings, with net income nearly doubling and GMV surpassing expectations. The company projects continued growth in Q1, but at a slower pace than the previous quarter. Shopify President Harley Finkelstein addresses the impact of recent tariffs and advocates for streamlined customs processes.
Shopify, a leading e-commerce platform provider, has released its fourth-quarter earnings report, projecting continued growth for the current quarter despite a slowdown in year-over-year revenue growth . The company anticipates a mid-20% revenue increase in the first quarter, aligning with analysts' expectations of 24.4% growth. However, this growth rate represents a deceleration from the 31% achieved in the fourth quarter, as noted by Wedbush analysts.
They attribute this to factors such as the lapping of leap day, headwinds, and a degree of conservatism, considering Shopify exceeded its guidance range in the previous quarter.Despite the anticipated slowdown, Shopify remains optimistic about its future prospects. The company highlighted the strong merchant momentum carried over from the fourth quarter, acknowledging that the first quarter is typically the slowest seasonally. Shopify President Harley Finkelstein emphasized the importance of the de minimis exception for small businesses engaged in international shipping, advocating for streamlined customs processes and improved digital duty collection to facilitate growth. He also expressed concerns about the impact of recently announced tariffs on entrepreneurs.Shopify's fourth-quarter results showcased strong financial performance. Net income nearly doubled to $1.3 billion, or 99 cents per share, from $657 million, or 51 cents per share, a year ago. Gross merchandise volume (GMV) reached $94.5 billion, surpassing analysts' expectations of $93 billion. The company's focus on attracting both small businesses and larger enterprises, such as Reebok, has contributed to its success. Shopify provides a comprehensive suite of tools for online businesses, including software, advertising services, and payment processing options, solidifying its position as a key player in the e-commerce landscape.
SHOPIFY E-COMMERCE REVENUE GROWTH EARNINGS TARIFFS CUSTOMS PROCESSES
United States Latest News, United States Headlines
Similar News:You can also read news stories similar to this one that we have collected from other news sources.
20 Movies Turning 20 In 2025: A Blast From The Past'HARRY! DiD yoU PuT yOUr NaME iN ThE GoBLEt oF FIrE!?'
Read more »
People Share How They Realized They Married The Wrong Person, And Hindsight Is Definitely 20/20'After we were married, I would lay in bed and keep wishing I could 'go home.''
Read more »
The Buckeye 20: Ranking the 20 Best Players from Ohio State’s 2024 National Championship SeasonJeremiah Smith, Caleb Downs and Jack Sawyer lead our final Buckeye 20 of 2024 ranking Ohio State’s top 20 players from its national championship season.
Read more »
Woman found guilty in husband's murder speaks out for the first time since her convictionMiriam Helmick talks to '20/20' about that fateful day.
Read more »
No. 20 Purdue beats Nebraska 104-68 to extend winning streak to 5 gamesFreshman C.J. Cox scored a career-high 23 points and Fletcher Loyer had 19 to propel No. 20 Purdue to a 104-68 romp over Nebraska. Purdue hit four of its first six shots from long distance and finished 19 for 33 from 3-point range. Trey Kaufman-Renn scored 13 of his 15 points in the first half and Myles Colvin added 14 points for Purdue.
Read more »
Taylasia Cooper scores 20 as No. 16 Tennessee women overwhelm Arkansas 93-63Taylasia Cooper scored 20 points and No. 16 Tennessee breezed to a 93-63 victory over Arkansas. Cooper made half of her 14 shots from the floor with a 3-pointer and 5 of 7 free throws for the Lady Volunteers (14-2, 2-2 Southeastern Conference), who were coming off back-to-back home losses to No. 9 Oklahoma and No. 6 LSU by a combined three points.
Read more »