Shopify Inc. reported a strong financial performance for the third quarter ended September 30, 2024, with a 26% year-over-year revenue growth and a 19% free cash flow margin. The company's President, Harley Finkelstein, highlighted the quarter as outstanding, reinforcing Shopify's position as a leader in commerce technology. Chief Financial Officer Jeff Hoffmeister emphasized the company's consistent revenue growth above 25% for six consecutive quarters, excluding logistics, and sequential growth in free cash flow margin throughout the year. The financial results showed a gross merchandise volume (GMV) of $69.715 billion, monthly recurring revenue (MRR) of $175 million, and net income of $828 million. Shopify's outlook for Q4 2024 anticipates revenue growth at a mid-to-high-twenties percentage rate year-over-year, with a free cash flow margin similar to Q4 2023. The company's management team held a conference call on November 12, 2024, to discuss the results. Shopify, a global commerce company, provides a platform and services for businesses of all sizes and is trusted by well-known brands worldwide.

Shopify Inc. reported a strong financial performance for the third quarter ended September 30, 2024, with a 26% year-over-year revenue growth and a 19% free cash flow margin. The company's President, Harley Finkelstein, highlighted the quarter as outstanding, reinforcing Shopify's position as a leader in commerce technology. Chief Financial Officer Jeff Hoffmeister emphasized the company's consistent revenue growth above 25% for six consecutive quarters, excluding logistics, and sequential growth in free cash flow margin throughout the year. The financial results showed a gross merchandise volume (GMV) of $69.715 billion, monthly recurring revenue (MRR) of $175 million, and net income of $828 million. Shopify's outlook for Q4 2024 anticipates revenue growth at a mid-to-high-twenties percentage rate year-over-year, with a free cash flow margin similar to Q4 2023. The company's management team held a conference call on November 12, 2024, to discuss the results. Shopify, a global commerce company, provides a platform and services for businesses of all sizes and is trusted by well-known brands worldwide.