Shopify Q4 revenue $2.81B (+31% YoY); free cash flow margin expands to 22%

SHOPIFY INC.

2024-FY EPS reported $1.55 revenue$8,880,000,000

Q4 revenue $2.81B (+31% YoY); GAAP operating income $465M vs $289M a year ago.
Q4 GMV $94.5B (+26% YoY); full-year GMV $292.3B (+24% YoY).
Q4 free cash flow $611M; free cash flow margin 22% (up from 21% in Q4 2023).
Full-year 2024 revenue $8.88B (+26% YoY); full-year free cash flow $1.60B, margin 18%.
MRR at year-end $178M, up 24% YoY; seventh consecutive quarter of 25%+ rev growth ex-logistics.

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