Shopify (TSE:SHOP) has released an update.
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Shopify Inc. has reported a strong second quarter in 2024 with a 21% increase in revenue, a 25% rise in gross profit, and a significant enhancement of free cash flow margin to 16%. The company’s growth is attributed to a 22% increase in Gross Merchandise Volume and the deepening penetration of Shopify Payments. These positive results reflect Shopify’s commitment to empowering global commerce and providing value to a growing base of merchants.
For further insights into TSE:SHOP stock, check out TipRanks’ Stock Analysis page.
