Shopify Q4: revenue swells 31 percent
Shopify has announced its results for the quarter and year ended December 31, 2024. The commerce technology company said that Q4 revenue rose 31 percent, with full year revenue up 26 percent and free cash flow margin increasing to 18 percent. The post Shopify Q4: revenue swells 31 percent appeared first on Global Cosmetics News.
THE WHAT? Shopify has announced its results for the quarter and year ended December 31, 2024. The commerce technology company said that Q4 revenue rose 31 percent, with full year revenue up 26 percent and free cash flow margin increasing to 18 percent.
THE DETAILS Shopify said it expects the strong merchant momentum from Q4 to carry over into fiscal 2025 and forecast revenue growth in the mid-twenties percentage range for the first quarter and free cash flow margin in the mid-teens.
THE WHY? Harley Finkelstein, President of Shopify, noted, “2024 was a stand-out year for Shopify. We seized every opportunity to fuel our growth and it showed in the results quarter after quarter. Heading into 2025, we are committed to making entrepreneurship more common and further establishing Shopify as the go-to commerce platform for businesses of all sizes. With our proven track record, the agility of our platform, and our relentless focus on merchant success, we like our odds in this evolving technology landscape, and are excited about the opportunities it brings for Shopify and our merchants.”
The post Shopify Q4: revenue swells 31 percent appeared first on Global Cosmetics News.
