Shopify (TSE:SHOP) has released an update.
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Shopify Inc. has reported a steady increase in total assets from $11.299 billion at the end of 2023 to $11.346 billion mid-2024, reflecting solid financial growth. Despite a slight uptick in liabilities, shareholders’ equity also rose from $9.066 billion to $9.172 billion, indicating a robust balance sheet. The company’s revenue growth is evident with total revenues jumping from $3.202 billion in the first half of 2023 to $3.906 billion in the same period in 2024, driven by both subscription and merchant solutions.
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