Shopify Files Q4 2023 Report as Foreign Private Issuer

Ticker: SHOP · Form: 6-K · Filed: 2024-02-13T00:00:00.000Z

Sentiment: neutral

Topics: regulatory-filing, quarterly-report, foreign-issuer

TL;DR

Shopify just filed its Q4 2023 report, likely containing key financial updates for the last quarter.

AI Summary

This 6-K filing by Shopify Inc. on February 13, 2024, for the period ending December 31, 2023, serves as a report of a foreign private issuer. It indicates the inclusion of a Q4 2023 press release, likely detailing the company's financial performance and operational updates for the fourth quarter of the previous year. The filing confirms Shopify's status as a foreign private issuer under the Securities Exchange Act of 1934, with a Commission File Number of 001-37400.

Why It Matters

This filing provides regulatory transparency for Shopify Inc., a foreign private issuer, by formally submitting its Q4 2023 press release to the SEC. Investors can expect to find the company's latest financial results and business updates within the attached document.

Risk Assessment

Risk Level: low — This is a routine informational filing (6-K) for a foreign private issuer, indicating the submission of a press release, which typically does not carry inherent risk unless the underlying press release contains negative news (not provided here).

Key Players & Entities

Shopify Inc. (company) — registrant
February 2024 (date) — month of report
December 31, 2023 (date) — conformed period of report
February 13, 2024 (date) — filed as of date
001-37400 (dollar_amount) — Commission File Number

FAQ

What type of SEC filing is this document?

This document is a Form 6-K, which is a Report of Foreign Private Issuer pursuant to Rule 13a-16 or 15d-16 of the Securities Exchange Act of 1934.

Which company filed this 6-K?

Shopify Inc. filed this 6-K.

What is Shopify Inc.'s Commission File Number?

Shopify Inc.'s Commission File Number is 001-37400.

What period does this report cover?

The Conformed Period of Report for this filing is December 31, 2023.

When was this 6-K filed with the SEC?

This 6-K was filed as of February 13, 2024.

From the Filing

0001594805-24-000006.txt : 20240213 0001594805-24-000006.hdr.sgml : 20240213 20240213070718 ACCESSION NUMBER: 0001594805-24-000006 CONFORMED SUBMISSION TYPE: 6-K PUBLIC DOCUMENT COUNT: 3 CONFORMED PERIOD OF REPORT: 20231231 FILED AS OF DATE: 20240213 DATE AS OF CHANGE: 20240213 FILER: COMPANY DATA: COMPANY CONFORMED NAME: SHOPIFY INC. CENTRAL INDEX KEY: 0001594805 STANDARD INDUSTRIAL CLASSIFICATION: SERVICES-PREPACKAGED SOFTWARE [7372] ORGANIZATION NAME: 06 Technology IRS NUMBER: 000000000 STATE OF INCORPORATION: Z4 FISCAL YEAR END: 1231 FILING VALUES: FORM TYPE: 6-K SEC ACT: 1934 Act SEC FILE NUMBER: 001-37400 FILM NUMBER: 24622570 BUSINESS ADDRESS: STREET 1: 151 O'CONNOR STREET STREET 2: GROUND FLOOR CITY: OTTAWA STATE: A6 ZIP: K2P 2L8 BUSINESS PHONE: 613-241-2828 MAIL ADDRESS: STREET 1: 151 O'CONNOR STREET STREET 2: GROUND FLOOR CITY: OTTAWA STATE: A6 ZIP: K2P 2L8 6-K 1 form6kq42023pressrelease.htm 6-K Document SECURITIES AND EXCHANGE COMMISSION Washington, D.C. 20549 FORM 6-K Report of Foreign Private Issuer Pursuant to Rule 13a-16 or 15d-16 of the Securities Exchange Act of 1934 For the month of February 2024 Commission File Number 001-37400  Shopify Inc. (Translation of registrant’s name into English) 151 O'Connor Street, Ground Floor Ottawa, Ontario, Canada K2P 2L8 (Address of principal executive offices)      Indicate by check mark whether the registrant files or will file annual reports under cover of Form 20-F or Form 40-F: Form 20-F Form 40-F x     Indicate by check mark if the registrant is submitting the Form 6-K in paper as permitted by Regulation S-T Rule 101(b)(1):                Indicate by check mark if the registrant is submitting the Form 6-K in paper as permitted by Regulation S-T Rule 101(b)(7):            DOCUMENTS INCLUDED AS PART OF THIS REPORT Exhibit     99.1    Shopify Inc. - Shopify Announces Fourth-Quarter and Full-Year 2023 Financial Results SIGNATURES      Pursuant to the requirements of the Securities Exchange Act of 1934, the registrant has duly caused this report to be signed on its behalf by the undersigned, thereunto duly authorized. Shopify Inc. (Registrant) Date: February 13, 2024 By: /s/ Michael L. Johnson Name: Michael L. Johnson Title: Corporate Secretary EX-99.1 2 exhibit991pressreleaseq420.htm EX-99.1 Document EXHIBIT 99.1 Shopify Announces Fourth-Quarter and Full-Year 2023 Financial Results Fourth Quarter Revenue up 24% and Free Cash Flow Margin Hits 21%; Full Year Revenue up 26% and Free Cash Flow Margin Achieves 13% Internet, Everywhere - February 13, 2024 - Shopify Inc. (NYSE, TSX: SHOP), a provider of essential internet infrastructure for commerce, announced today financial results for the quarter and year ended December 31, 2023. “2023 was an incredible year for both Shopify and our merchants. Our strong Q4 and annual results are a powerful testament to the progress we have made building fast, reliable, and unified software for merchants of all sizes,” said Harley Finkelstein, President of Shopify. “As we look ahead to 2024, our focus remains on driving innovation in an ever-evolving commerce landscape, delivering products that will propel our merchants’ businesses forward, with the support of our world-class talent and our valued merchants and partners.” “Our GMV growth accelerated in Q4 and for all of 2023, which powered Shopify’s strong financial results. In Q4 we delivered year-over-year revenue growth of 24%, which represents 30% growth when adjusting for the sale of our logistics businesses, and achieved an operating income margin of 13% and a free cash flow margin of 21%,” said Jeff Hoffmeister, Chief Financial Officer of Sh