Shopify Announces Fourth-Quarter and Full-Year 2020 Financial Results
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Shopify (SHOP) Tops Q4 EPS by 33c, Revenues Beat
February 17, 2021 7:06 AM ESTShopify (NYSE: SHOP) reported Q4 EPS of $1.58, $0.33 better than the analyst estimate of $1.25. Revenue for the quarter came in at $977.7 million versus the consensus estimate of $910.22 million.
Fourth-Quarter Financial Highlights
Total revenue in the fourth quarter was $977.7 million, a 94% increase from the comparable quarter in 2019.Subscription Solutions revenue was $279.4 million, up 53% year over year, primarily due to more merchants joining the platform.Merchant Solutions revenue growth increased 117%, to $698.3 million, driven primarily by the growth of Gross Merchandise Volume1 (\"GMV\").Monthly Recurring Revenue2 (\"MRR\") as of December 31, 2020 was $82.6 million. Growth... More