Shopify Announces Second-Quarter 2021 Financial Results
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July 28, 2021 12:56 PM EDT
Stifel analyst Scott Devitt raised the price target on Shopify (NYSE: SHOP) to $1,650.00 (from $1,600.00) while maintaining a Buy rating following results.
The analyst commented, "Shopify reported impressive 2Q:21 results above our estimates and consensus. GMV growth advanced +40% y/y against challenging prior... More
July 28, 2021 8:40 AM EDT
Shopify (NYSE: SHOP) reported Q2 EPS of $2.24, $1.28 better than the analyst estimate of $0.96. Revenue for the quarter came in at $1.12 billion versus the consensus estimate of $1.04 billion.
GMV for the second quarter was $42.2 billion, an increase of $12.1 billion or 40% over the second quarter of 2020. Gross Payments Volume3 ("GPV") grew to $20.3 billion, which accounted for 48.0% of GMV processed in the quarter, versus $13.4 billion, or 45%, for the second quarter of 2020.
"This past year has been one of great uncertainty for independent merchants. What used to be two completely distinct industries, the retail... More
