Shopify Files 6-K for Q1 2024 Financials

Ticker: SHOP · Form: 6-K · Filed: 2024-05-08T00:00:00.000Z

Sentiment: neutral

Topics: financial-reporting, sec-filing, foreign-private-issuer

Related Tickers: SHOP

TL;DR

Shopify dropped its Q1 2024 6-K, check the numbers.

AI Summary

Shopify Inc. filed a Form 6-K on May 8, 2024, reporting its financial information as of March 31, 2024. The filing is a report of a foreign private issuer and includes press releases as part of the submission.

Why It Matters

This filing provides investors with updated financial information and disclosures for Shopify Inc., crucial for understanding the company's performance and outlook.

Risk Assessment

Risk Level: low — This is a routine financial filing (6-K) and does not contain new material events or significant risk disclosures.

Key Players & Entities

FAQ

What is the purpose of this Form 6-K filing?

This Form 6-K is a Report of Foreign Private Issuer filed by Shopify Inc. to provide information to the SEC, including press releases, for the month of May 2024, with financial information as of March 31, 2024.

What is Shopify Inc.'s SEC file number?

Shopify Inc.'s SEC file number is 001-37400.

What is the conformed period of report for this filing?

The conformed period of report for this filing is March 31, 2024.

Where is Shopify Inc. headquartered?

Shopify Inc. is headquartered in Ottawa, Ontario, Canada, with its principal executive offices located at 151 O'Connor Street, Ground Floor, Ottawa, Ontario, Canada K2P 2L8.

Does Shopify Inc. file annual reports under Form 20-F or Form 40-F?

Shopify Inc. indicates it files annual reports under cover of Form 20-F.

From the Filing

0001594805-24-000045.txt : 20240508 0001594805-24-000045.hdr.sgml : 20240508 20240508070428 ACCESSION NUMBER: 0001594805-24-000045 CONFORMED SUBMISSION TYPE: 6-K PUBLIC DOCUMENT COUNT: 3 CONFORMED PERIOD OF REPORT: 20240331 FILED AS OF DATE: 20240508 DATE AS OF CHANGE: 20240508 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: 24924198 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 form6kq12024pressrelease.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 May 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 First-Quarter 2024 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: May 8, 2024 By: /s/ Michael L. Johnson Name: Michael L. Johnson Title: Corporate Secretary EX-99.1 2 exhibit991pressreleaseq120.htm EX-99.1 Document EXHIBIT 99.1 Shopify Announces First-Quarter 2024 Financial Results Revenue up 23%, and up 29% Adjusting for the Sale of Our Logistics Businesses&#59; Gross Profit up 33%&#59; Free Cash Flow Margin Doubled Year Over Year to 12% Internet, Everywhere - May 8, 2024 - Shopify Inc. (NYSE, TSX: SHOP), a provider of essential internet infrastructure for commerce, announced today financial results for the quarter ended March 31, 2024. “You’re seeing the strongest version of Shopify in our history. Our outstanding Q1 performance is clear proof of our dedication to the new shape of Shopify, our commitment to operating with a consistent team size, and our focus on building for the long-term to deliver both growth and profitability,” said Harley Finkelstein, President of Shopify. “We are building a 100-year company, and we will continue to remain fiercely agile, capitalizing on every opportunity that accelerates the success of our merchants, enables us to continue to build world-class products, and enhances operational efficiency for better returns.” “Shopify had a strong start to the year, building on the performance of 2023, delivering year-over-year revenue growth for the quarter of 23%, or 29% when adjusting for the sale of our logistics businesses, combined with 12% free cash flow margin,” said Jeff Hoffmeister, Chief Financial Officer of Shopify. “Looking ahead, we a

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