Shopify Stock – Quarterly Results
Shopify Inc. (Nasdaq: SHOP) company revenue grew by 96 percent year-on-year (previous quarter: 97 percent) to nearly $ 767.41 million in the third quarter of fiscal 2020.
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Subscription Solutions accounted for a turnover of 245.27 million US dollars, a growth of 48 percent over the previous year. Sales in the segment Merchant Solutions was able to increase by 132 percent to 522.13 million US dollars.
The GMV, which means all goods that were sold on the platform, meanwhile grew by 109 percent year-on-year to 30.9 billion US dollars.
Shopify posted an operating profit of plus $ 50.56 million in the third quarter of fiscal 2020 (previous year: minus $ 35.66 million).
The net result for the same period was plus 191.07 million US dollars (previous year: minus 72.78 million US dollars) or plus 1.54 US dollars per share (previous year: minus 0.64 US dollars).
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