Shopify Merchants Hit $11.5B in BFCM Sales

TL;DR

Shopify merchants crushed it, raking in $11.5 BILLION over BFCM weekend!

AI Summary

Shopify Inc. announced that its merchants achieved a record-breaking $11.5 billion in gross merchandise volume (GMV) during the Black Friday-Cyber Monday (BFCM) shopping period in 2024. This represents a 24% increase in sales compared to the previous year's BFCM period. The surge in sales highlights the growing success of Shopify's platform for online retailers.

Why It Matters

This record sales figure demonstrates the continued strength and growth of e-commerce facilitated by Shopify, indicating robust consumer spending through the platform.

Risk Assessment

Risk Level: low — This filing is a routine report of sales performance and does not introduce new financial risks or significant operational changes.

Key Numbers

• $11.5B — BFCM Gross Merchandise Volume (Record sales achieved by Shopify merchants during the 2024 Black Friday-Cyber Monday period.)
• 24% — Sales Growth (Year-over-year increase in sales for the BFCM period compared to 2023.)

Key Players & Entities

• Shopify Inc. (company) — Registrant
• $11.5 billion (dollar_amount) — Gross Merchandise Volume during BFCM 2024
• Black Friday-Cyber Monday (event) — Sales period
• 2024 (date) — Reporting year

FAQ

From the Filing

0001594805-24-000099.txt : 20241203 0001594805-24-000099.hdr.sgml : 20241203 20241203081931 ACCESSION NUMBER: 0001594805-24-000099 CONFORMED SUBMISSION TYPE: 6-K PUBLIC DOCUMENT COUNT: 4 CONFORMED PERIOD OF REPORT: 20241203 FILED AS OF DATE: 20241203 DATE AS OF CHANGE: 20241203 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: 241521236 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 form6k-bfcmclosepressrelea.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 November 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    New achievement unlocked: Shopify merchants drive record-high $11.5 billion in sales over Black Friday-Cyber Monday 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: November 3, 2024 By: /s/ Michael L. Johnson Name: Michael L. Johnson Title: Corporate Secretary EX-99.1 2 final2024bfcmpressreleas.htm EX-99.1 final2024bfcmpressreleas New achievement unlocked: Shopify merchants drive record-high $11.5 billion in sales over Black Friday-Cyber Monday Internet, Everywhere - December 3, 2024 - Shopify Inc. (NYSE, TSX: SHOP), a leading commerce technology company, announced today that merchants achieved a record $11.5 billion in sales* over the Black Friday-Cyber Monday (BFCM) weekend - up 24% from last year - and also experienced strong sales momentum leading up to the weekend. From early Friday in New Zealand to late Monday in California, 76+ million customers around the world bought from brands powered by Shopify. The shopping frenzy peaked at 12:01pm EST on Black Friday when sales reached a dizzying $4.6 million per minute. “Shopify is transforming Black Friday weekend,” said Shopify President Harley Finkelstein as the dust settled on an exciting four days. “What was once a doorbuster shopping moment dominated by legacy players is now a global commerce event that businesses of all sizes participate in. We're amplifying the global entrepreneurial spirit by rallying behind our merchants, preparing them, and celebrating their impact on a global stage.” Here’s the rundown of Black Friday-Cyber Monday global highlights: ● $11.5 billion in global sales* from merchants, a 24% increase in sales from 2023 ● 76+ million consumers worldwide bought from Shopify-powered brands ● 116,500+ entrepreneurs made their first sale on Shopify ● More than 67,000 merchants had their highest-selling day ever on Shopify ● Hottest product categories: Clothing Tops, Cosmetics, Fitness & Nutrition, Pants, Activewear ● Average cart price: $108.56 ($109.70 on a constant currency basis) ● Top selling countries: US, UK, Australia, Canada, Germany ● Top selling citie