Shopify Inc. reported robust financial results for the fourth quarter and full year of 2023, with significant growth in revenue and free cash flow. The fourth-quarter revenue increased by 24% year-over-year, and the full-year revenue saw a 26% rise compared to the previous year. The company's free cash flow margin reached 21% for the quarter and 13% for the full year. Shopify's President, Harley Finkelstein, attributed the strong performance to the company's commitment to providing unified software solutions for merchants of all sizes. Chief Financial Officer Jeff Hoffmeister highlighted the accelerated GMV growth as a key driver of the financial success. Shopify also launched several new features and products throughout the year, including AI-enabled tools, new payment...Show More

Shopify Inc. reported robust financial results for the fourth quarter and full year of 2023, with significant growth in revenue and free cash flow. The fourth-quarter revenue increased by 24% year-over-year, and the full-year revenue saw a 26% rise compared to the previous year. The company's free cash flow margin reached 21% for the quarter and 13% for the full year. Shopify's President, Harley Finkelstein, attributed the strong performance to the company's commitment to providing unified software solutions for merchants of all sizes. Chief Financial Officer Jeff Hoffmeister highlighted the accelerated GMV growth as a key driver of the financial success. Shopify also launched several new features and products throughout the year, including AI-enabled tools, new payment options, and expanded international commerce solutions. The company's outlook for 2024 is optimistic, with plans to build on the momentum of 2023 and focus on top-line growth and profitability. Shopify's management team will discuss the results in a conference call, and the full financial statements are available on the company's website.