Shopify Inc. Files 6-K for Q2 2024 Results

TL;DR

Shopify dropped its Q2 2024 earnings report on 8/7/24.

AI Summary

Shopify Inc. filed a 6-K report on August 7, 2024, to announce its second-quarter 2024 financial results. The report includes financial information for the period ending June 30, 2024. Shopify Inc. is a foreign private issuer based in Ottawa, Canada.

Why It Matters

This filing provides investors with Shopify's latest financial performance data, crucial for assessing the company's growth and profitability in the e-commerce sector.

Risk Assessment

Risk Level: low — This is a routine financial results filing (6-K) and does not introduce new risks.

Key Players & Entities

• Shopify Inc. (company) — Registrant
• August 7, 2024 (date) — Filing Date
• June 30, 2024 (date) — Reporting Period End Date
• Ottawa, Ontario, Canada (location) — Principal Executive Offices

FAQ

From the Filing

0001594805-24-000067.txt : 20240807 0001594805-24-000067.hdr.sgml : 20240807 20240807070545 ACCESSION NUMBER: 0001594805-24-000067 CONFORMED SUBMISSION TYPE: 6-K PUBLIC DOCUMENT COUNT: 3 CONFORMED PERIOD OF REPORT: 20240630 FILED AS OF DATE: 20240807 DATE AS OF CHANGE: 20240807 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: 241181389 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 form6kq22024pressrelease.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 August 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      DOCUMENTS INCLUDED AS PART OF THIS REPORT Exhibit     99.1    Shopify Inc. - Shopify Announces Second-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: August 7, 2024 By: /s/ Michael L. Johnson Name: Michael L. Johnson Title: Corporate Secretary EX-99.1 2 exhibit991pressreleaseq220.htm EX-99.1 Document EXHIBIT 99.1 Shopify Announces Second-Quarter 2024 Financial Results Revenue up 21%, and up 25% Adjusting for the Sale of Our Logistics Businesses&#59; Gross Profit up 25% Year Over Year&#59; Free Cash Flow Margin More Than Doubled Year Over Year to 16% Internet, Everywhere - August 7, 2024 - Shopify Inc. (NYSE, TSX: SHOP), announced today financial results for the quarter ended June 30, 2024. “Our Q2 results make it clear: Shopify is rapidly strengthening its position as a leading enabler of global commerce and entrepreneurship,” said Harley Finkelstein, President of Shopify. “More and more merchants across the world are putting their trust in Shopify’s unified commerce operating system to fuel growth and simplify complex operations. We’re fully committed to executing our growth strategies and delivering immense value to our merchants for years to come.” “We are proud to report another quarter of robust financial performance. We drove strong growth in GMV, revenue, and gross profit, all amidst a mixed consumer spend environment, continued to take share and concurrently expanded our free cash flow margin. We delivered across every metric,” said Jeff Hoffmeister, Chief Financial Officer of Shopify. “Our results underscore our commitment to providing exceptional value to our merchants through focused operating execution and efficiency. As a high-growth global technology leader in commerce, we remain committed to leveraging our core strengths and investing in opportunities to achieve sustainable growth and long-term profitability.” Second-Quarter Financial Highlights (all comparisons are to the second quarter of 2023) • Gross Merchandise Volume 1 (“GMV”) increased 22% to $67.2 billion • Revenue increased 21% to $2.0 billion, which translat