Shopify Past Earnings Performance
Past criteria checks 2/6
Shopify's earnings have been declining at an average annual rate of -15.9%, while the IT industry saw earnings growing at 6.4% annually. Revenues have been growing at an average rate of 29.3% per year. Shopify's return on equity is 13.7%, and it has net margins of 16.8%.
Key information
-15.9%
Earnings growth rate
-16.0%
EPS growth rate
| IT Industry Growth | 22.4% |
| Revenue growth rate | 29.3% |
| Return on equity | 13.7% |
| Net Margin | 16.8% |
| Last Earnings Update | 30 Sep 2024 |
Recent past performance updates
Recent updates
Can Shopify Re-Rate Higher After The Q3 2024 Earnings Outperformance Rally?
Nov 12Shopify: One Of The Best E-Commerce Platforms But Too Expensive
Oct 28Estimating The Fair Value Of Shopify Inc. (NYSE:SHOP)
Oct 18
Shopify: More Upside Ahead, But Look For Exits Soon (Rating Downgrade)
Oct 16Shopify: There Is A Light At The End Of The Tunnel (Rating Upgrade)
Oct 03How Shopify Is Disrupting Lending And Driving Massive Stock Growth
Sep 27Shopify: Optimistic Guidance Drives A Sharp Rise In Stock Price
Sep 13Shopify Continues Increasing Operating Income
Sep 06Why Investors Shouldn't Be Surprised By Shopify Inc.'s (NYSE:SHOP) 36% Share Price Surge
Sep 01Shopify's Unseen Advantage: Strong Earnings In A Weak Consumer Environment
Aug 22Shopify (NYSE:SHOP) Posted Healthy Earnings But There Are Some Other Factors To Be Aware Of
Aug 20Shopify: Strong Returns Still Ahead, Buy Before It's Too Late
Aug 16Shopify: Solid Value For Growth Investors
Aug 09Shopify Q2 Earnings Preview: Don't Ignore The Enterprise Customer Tailwind
Jul 29Shopify: The Market Leader Deserves A Premium
Jul 19Revenues Tell The Story For Shopify Inc. (NYSE:SHOP)
Jul 16We Like These Underlying Return On Capital Trends At Shopify (NYSE:SHOP)
Jun 28Buy Shopify Before The Rebound (Technical Analysis)
Jun 24Shopify: Beyond The Short-Term Noise, A Long-Term Growth Story, Buy
Jun 06Shopify: The Powerhouse Of Next-Generation Commerce
May 20Shopify: Multiple Compression Should Matter In Coming Years
May 06Shopify (NYSE:SHOP) Has A Rock Solid Balance Sheet
May 03Shopify Direct Sales Should Win As Amazon Shifts Toward 'Pay To Play' Model
Apr 29The Price Is Right For Shopify Inc. (NYSE:SHOP)
Apr 02Shopify: 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 07Revenue & Expenses Breakdown
Revenue & Expenses Breakdown
How 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 |
|---|---|---|---|---|
| 30 Sep 24 | 8,212 | 1,383 | 1,735 | 1,229 |
| 30 Jun 24 | 7,764 | 1,273 | 1,759 | 1,294 |
| 31 Mar 24 | 7,413 | -209 | 1,696 | 1,490 |
| 31 Dec 23 | 7,060 | 132 | 1,622 | 1,612 |
| 30 Sep 23 | 6,651 | -1,148 | 1,538 | 1,828 |
| 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 gain of $313.0M impacting its last 12 months of financial results to 30th September, 2024.
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 -15.9% 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 (-5%).
Return on Equity
High ROE: SHOP's Return on Equity (13.7%) is considered low.