Shopify Past Earnings Performance
Past criteria checks 2/6
Shopify's earnings have been declining at an average annual rate of -30.6%, while the IT industry saw earnings growing at 14.2% annually. Revenues have been growing at an average rate of 34.1% per year. Shopify's return on equity is 1.5%, and it has net margins of 1.9%.
Key information
-30.6%
Earnings growth rate
-29.8%
EPS growth rate
| IT Industry Growth | 22.4% |
| Revenue growth rate | 34.1% |
| Return on equity | 1.5% |
| Net Margin | 1.9% |
| Next Earnings Update | 08 May 2024 |
Recent past performance updates
Recent updates
Shopify Direct Sales Should Win As Amazon Shifts Toward 'Pay To Play' Model
Apr 29The Price Is Right For Shopify Inc. (NYSE:SHOP)
Apr 02
Shopify: Aggressive Expansion Path
Mar 25Is Shopify Inc. (NYSE:SHOP) Expensive For A Reason? A Look At Its Intrinsic Value
Mar 18Shopify: Way Too Cheap For What's Coming
Mar 17Shopify (NYSE:SHOP) Is Looking To Continue Growing Its Returns On Capital
Mar 03Shopify: Disappointing Free Cash Flow Guidance, An Opportunity For Growth Investors
Feb 23Shopify Is Succeeding With Their Merchants
Feb 16Shopify: A Sanity Check Is Overdue (Rating Downgrade)
Feb 07Shopify: Strength Through Partnerships
Feb 01Shopify: It's Just Math, Decade Of Underperformance Ahead
Jan 18The 'New' Shopify Is Here
Jan 09Shopify: 3 Reasons To Buy In 2024
Jan 03What You Can Learn From Shopify Inc.'s (NYSE:SHOP) P/S
Dec 31Shopify Is A Special Company
Dec 11Is Shopify (NYSE:SHOP) Using Debt In A Risky Way?
Dec 10Shopify As An Operating System For E-Commerce
Dec 03Shopify's Q3 Earnings Beat The Odds: Is The Stock Still Overpriced Or Worth Every Penny?
Nov 06Shopify: Financial Discipline Is Taking Hold
Oct 31Shopify: Riding High On Promising Future Growth
Oct 13Shopify: Bull Run Is Likely Over
Sep 27Shopify Will Weather Cyclical Headwinds With 3 Factors Reinforcing Its Strengthening Moat
Sep 12Does Shopify (NYSE:SHOP) Have A Healthy Balance Sheet?
Sep 11Shopify Can Surprise With Better Growth Trajectory
Aug 31Estimating The Intrinsic Value Of Shopify Inc. (NYSE:SHOP)
Aug 21Shopify: Soaring Profits With A 2-Pronged Approach
Aug 19Make No Mistake, Shopify's AI Opportunities Are Massive (Rating Upgrade)
Aug 13Revolutionary Q2 2023 Results Cement Shopify's Ecommerce Dominance
Aug 04Shopify Stock Is A Speculative Buy Before Earnings
Jul 25Shopify: The Rally Went Too Far
Jul 13Shopify: Living On Past Glory
Jul 07Shopify Inc.'s (NYSE:SHOP) Earnings Haven't Escaped The Attention Of Investors
Jun 22Shopify: Downgrading On Amazon Risks
Jun 19Shopify: Many Concerns Remain
Jun 13Is Shopify Stock A Buy, Sell, Or Hold After Going Up Over 50% This Year?
Jun 07Does Shopify (NYSE:SHOP) Have A Healthy Balance Sheet?
Feb 24Shopify's Powerful Expansion Beyond E-Commerce
Feb 22Shopify: Closing In On Amazon 1P
Feb 16Shopify Stock Q4 Earnings Preview: What To Watch For
Feb 10Shopify: Epic Recovery Possibly Ahead
Jan 31Shopify's Runway Ahead
Jan 23Shopify: Right Company At The Wrong Price
Jan 17Shopify Is Not Afraid To Take On Amazon
Jan 11Shopify: Industry Disruptor With 60%+ Margin Of Safety
Dec 28Shopify: Expansion Into Advertising Makes It A Buy
Dec 21Shopify: Time For A Pause - No Margin Of Safety Here
Dec 10Is Now The Time To Look At Buying Shopify Inc. (NYSE:SHOP)?
Nov 23Shopify Is Adjusting To A Challenging Landscape
Nov 02Shopify: Day Of Reckoning Is Way Past
Oct 26Shopify: Q3 Earnings Could Surprise The Bears
Oct 17Shopify: Down 80%, One Of My Largest Positions
Oct 02Shopify: The Central Operating System For Business
Sep 17Shopify hires new finance chief
Sep 08Shopify: Simplifying Logistics
Aug 28Shopify: Set For A Rebound
Aug 17Shopify Stock's Outlook: Is A Rebound Possible In The Rest Of 2022?
Aug 11Shopify Remains Insanely Overvalued
Aug 04Revenue & Expenses BreakdownBeta
Revenue & Expenses Breakdown
BetaHow Shopify makes and spends money. Based on latest reported earnings, on an LTM basis.
Earnings and Revenue History
| Date | Revenue | Earnings | G+A Expenses | R&D Expenses |
|---|---|---|---|---|
| 31 Dec 23 | 7,060 | 132 | 1,622 | 1,612 |
| 30 Sep 23 | 6,651 | -1,148 | 1,560 | 1,836 |
| 30 Jun 23 | 6,303 | -2,025 | 1,679 | 1,833 |
| 31 Mar 23 | 5,904 | -1,918 | 1,730 | 1,637 |
| 31 Dec 22 | 5,600 | -3,460 | 1,731 | 1,485 |
| 30 Sep 22 | 5,245 | -3,208 | 1,796 | 1,323 |
| 30 Jun 22 | 5,003 | -1,901 | 1,558 | 1,125 |
| 31 Mar 22 | 4,827 | 182 | 1,379 | 956 |
| 31 Dec 21 | 4,612 | 2,915 | 1,217 | 819 |
| 30 Sep 21 | 4,210 | 3,410 | 1,060 | 699 |
| 30 Jun 21 | 3,853 | 2,452 | 937 | 623 |
| 31 Mar 21 | 3,448 | 1,609 | 854 | 570 |
| 31 Dec 20 | 2,929 | 320 | 804 | 518 |
| 30 Sep 20 | 2,457 | 196 | 767 | 470 |
| 30 Jun 20 | 2,080 | -67 | 724 | 423 |
| 31 Mar 20 | 1,728 | -132 | 683 | 382 |
| 31 Dec 19 | 1,578 | -125 | 627 | 355 |
| 30 Sep 19 | 1,417 | -127 | 567 | 310 |
| 30 Jun 19 | 1,296 | -78 | 533 | 283 |
| 31 Mar 19 | 1,179 | -73 | 493 | 254 |
| 31 Dec 18 | 1,073 | -65 | 454 | 226 |
| 30 Sep 18 | 952 | -66 | 412 | 199 |
| 30 Jun 18 | 854 | -52 | 370 | 174 |
| 31 Mar 18 | 760 | -42 | 326 | 153 |
| 31 Dec 17 | 673 | -40 | 291 | 133 |
| 30 Sep 17 | 581 | -46 | 258 | 118 |
| 30 Jun 17 | 509 | -46 | 225 | 101 |
| 31 Mar 17 | 444 | -40 | 195 | 86 |
| 31 Dec 16 | 389 | -35 | 172 | 73 |
| 30 Sep 16 | 329 | -33 | 149 | 61 |
| 30 Jun 16 | 282 | -28 | 129 | 52 |
| 31 Mar 16 | 241 | -23 | 109 | 44 |
| 31 Dec 15 | 205 | -19 | 90 | 38 |
| 30 Sep 15 | 170 | -17 | 75 | 33 |
| 30 Jun 15 | 145 | -17 | 66 | 29 |
| 31 Mar 15 | 124 | -20 | 61 | 27 |
| 31 Dec 14 | 105 | -22 | 55 | 26 |
| 31 Dec 13 | 50 | -5 | 27 | 14 |
Quality Earnings: SHOP has a large one-off loss of $107.0M impacting its last 12 months of financial results to 31st December, 2023.
Growing Profit Margin: SHOP became profitable in the past.
Free Cash Flow vs Earnings Analysis
Past Earnings Growth Analysis
Earnings Trend: SHOP has become profitable over the past 5 years, growing earnings by -30.6% per year.
Accelerating Growth: SHOP has become profitable in the last year, making the earnings growth rate difficult to compare to its 5-year average.
Earnings vs Industry: SHOP has become profitable in the last year, making it difficult to compare its past year earnings growth to the IT industry (0.4%).
Return on Equity
High ROE: SHOP's Return on Equity (1.5%) is considered low.