Shopify crushes earnings, topping $1B in revenue for first time

Total second-quarter revenue jumped 57% year-over-year for Shopify, signaling that there is no slowdown happening in the e-commerce space.

The company said revenue was $1.12 billion and gross profits increased 64% to $627 million, compared to $381.4 million in Q2 2020. In fact, Shopify (NYSE: SHOP) posted increases in nearly every financial category. Subscription solutions revenue increased 70% year-over-year to $334.2 million; merchant solutions was up 52% to $785.2 million, gross merchandise...

https://www.freightwaves.com/news/shopify-crushes-earnings-topping-1b-in-revenue-for-first-time

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