Just jumped off the @Shopify Q1 Earnings call. Shopify is nearly 20 years old and I can say with confidence that you are seeing the strongest version of Shopify in our history.
They are building a 100-year company and focused on delivering both growth and profitability.
Here are 3 important stats from the Q1 earnings call:
1. GMV was up 23% YoY in Q1
2. Gross profit dollars for the quarter were over $950 million and free cash flow was over $230 million, with free cash flow margin doubling year over year
3. And, with almost $2 billion in revenue - that’s up 23% year over year (or 29% excluding Logistics)
I think they will continue to relentlessly innovate and make commerce better for everyone.
I can’t wait to see what they have in store for the remainder of 2024 and beyond🚀
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People just compare SHOP to AMZN too much!
My target is 125 by January 2025.