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    Shopify Merchant Success Powers Q4 Outperformance Across Both Top and Bottom-Line

    2/11/25 7:00:00 AM ET
    $SHOP
    Computer Software: Prepackaged Software
    Technology
    Get the next $SHOP alert in real time by email

    Q4 Revenue Growth Accelerates to 31% and Free Cash Flow Margin Expands to 22%;
    Full Year Revenue Up 26% and Free Cash Flow Margin Increases to 18%

    Internet, Everywhere--(Newsfile Corp. - February 11, 2025) - Shopify Inc. ((NYSE, TSX:SHOP), a leading commerce technology company announced today financial results for the quarter and year ended December 31, 2024.

    "2024 was a stand-out year for Shopify. We seized every opportunity to fuel our growth and it showed in the results quarter after quarter," said Harley Finkelstein, President of Shopify. "Heading into 2025, we are committed to making entrepreneurship more common and further establishing Shopify as the go-to commerce platform for businesses of all sizes. With our proven track record, the agility of our platform, and our relentless focus on merchant success, we like our odds in this evolving technology landscape, and are excited about the opportunities it brings for Shopify and our merchants."

    Jeff Hoffmeister, Chief Financial Officer of Shopify, said, "We are thrilled with our strong performance in Q4, wrapping up an outstanding 2024. Q4 marks our seventh consecutive quarter of 25% or greater revenue growth when excluding logistics. Moreover, we grew free cash flow margin sequentially each quarter of 2024, reaching 22% for Q4. GMV growth accelerated each quarter this year, achieving a 24% year-over-year increase in 2024, marking our highest GMV growth in three years. These consistent results are a testament to our strategic initiatives and operational discipline, positioning us well for continued success and growth in the future."

    Selected Business Performance Information(1)
    (In US $ millions, except percentages)


     Three months ended
    December 31,


    Years ended
    December 31,
     


    2024

    2023

    2024

    2023 
    GMV
    94,460

    75,125

    292,275

    235,910
    MRR
    178

    144

    178

    144
    Revenue
    2,812

    2,144

    8,880

    7,060
    Gross profit
    1,352

    1,062

    4,472

    3,515
    Operating income (loss)
    465

    289

    1,075

    (1,418)
    Free cash flow
    611

    446

    1,597

    905
    YoY revenue growth rate
    31%
    24%
    26%
    26%
    Free cash flow margin
    22%
    21%
    18%
    13%

     

    (1)See notes below for definitions of GMV, MRR and additional information on free cash flow and free cash flow margin, which are non-GAAP financial measures and are reconciled to the comparable GAAP measure in the non-GAAP reconciliation at the end of this press release.

    2024 Highlights(1)

    Rapid growth at scale
    Improving profitability



    $1TnMilestone crossed in cumulative GMV
    $1.1BnOperating income in 2024



         
    2.4xMore GMV than 2020
    12xMore operating income than 2020



         
    3xMore revenue than 2020
    $1.6BnFree cash flow generated in 2024



         
    7Consecutive quarters of 25% or greater revenue growth, excluding logistics
    9Consecutive quarters of positive free cash flow



         
    +26%Annual revenue growth that persists with scale (2024: 26%, 2023: 26%, 2022: 21%)
    +500bpsFree cash flow margin expansion



    Multiple growth drivers gaining momentum
    Gold standard for trusted commerce



    +33%International revenue growth(2)
    875M+Unique online shoppers purchasing from Shopify merchants in 2024



         
    +33%Offline revenue growth(3)
    200M+Hundreds of millions of Shop Pay users



         
    >140%B2B GMV growth(4)
    >12%US ecommerce market share(5)



        
    +50%Shop Pay GMV growth



       
    +32%Gross Payments Volume growth

     

    (1)All comparisons are to 2023, unless otherwise stated.

    (2)International revenue represents total revenue for all regions outside North America, which are defined as the Europe, Middle East and Africa region, Asia-Pacific region, and Latin America region.

    (3)Offline revenue includes revenue from Shopify Payments for offline, POS Pro and Retail plan subscriptions and POS Hardware.

    (4)Represents a very small portion of GMV today, given it is a newer product offering for merchants only on Plus.

    (5)The US ecommerce market is based on a combination of US Census Bureau data (Quarterly Retail E-Commerce Sales, not adjusted) and internal estimates. Shopify market share represents sales by Shopify merchants based on Shopify's 2024 US GMV (excluding merchant sales made through POS).

    2025 Outlook

    The outlook that follows supersedes all prior financial outlook statements made by Shopify, constitutes forward-looking information within the meaning of applicable securities laws, and is based on a number of assumptions and subject to a number of risks. Actual results could vary materially as a result of numerous factors, including certain risk factors, many of which are beyond Shopify's control. Please see "Forward-looking Statements" below for more information.

    We expect the strong merchant momentum from Q4 to carry over into Q1, recognizing that Q1 is consistently our lowest GMV quarter seasonally. With that backdrop, for the first-quarter of 2025 we expect:

    • Revenue to grow at a mid-twenties percentage rate on a year-over-year basis;
    • Gross profit dollars to grow at a low-twenties percentage rate on a year-over-year basis;
    • Operating expense as a percentage of revenue to be 41% to 42%;
    • Stock-based compensation to be $120 million; and
    • Free cash flow margin to be in the mid-teens.

    Quarterly Conference Call

    Shopify's management team will hold a conference call to discuss our fourth-quarter results today, February 11, 2025, at 8:30 a.m. ET. The conference call will be webcast on the investor relations section of Shopify's website at www.shopifyinvestors.com/news-and-events. An archived replay of the webcast will be available following the conclusion of the call.

    Shopify's Annual Report on Form 10-K for the year ended December 31, 2024, including the Audited Consolidated Financial Statements and accompanying notes, Management's Discussion and Analysis, will be available on Shopify's website at www.shopify.com and will be filed on SEDAR+ at www.sedarplus.ca and on EDGAR at www.sec.gov. Shareholders may, upon request, receive a hard copy of the complete audited financial statements free of charge.

    About Shopify

    Shopify is the leading global commerce company that provides essential internet infrastructure for commerce, offering trusted tools to start, scale, market, and run a retail business of any size. Shopify makes commerce better for everyone with a platform and services that are engineered for speed, customization, reliability, and security, while delivering a better shopping experience for consumers online, in store, and everywhere in between. Shopify powers millions of businesses in more than 175 countries and is trusted by brands such as BarkBox, Vuori, BevMo, Carrier, JB Hi-Fi, Meta, ButcherBox, SKIMS, Supreme, and many more.

    For more information visit www.shopify.com

    CONTACT INVESTORS:CONTACT MEDIA:
    Carrie GillardAlex Lyons
    Director, Investor RelationsSenior Lead, External Communications
    [email protected][email protected]

     

    Shopify Inc. Condensed Consolidated Statement of Operations
    (In US $ millions)


     Three months ended
    December 31,


    Years ended
    December 31,
     


    2024

    2023

    2024

    2023 
    Revenues











    Subscription solutions
    666


    525

    2,350

    1,837
    Merchant solutions 2,146

    1,619

    6,530

    5,223 


    2,812

    2,144

    8,880

    7,060 
    Cost of revenues
     

     

     

     
    Subscription solutions
    134

    97

    434

    354
    Merchant solutions 1,326

    985

    3,974

    3,191 


    1,460

    1,082

    4,408

    3,545 
    Gross profit
    1,352

    1,062

    4,472

    3,515 
    Operating expenses
     

     

     

     
    Sales and marketing
    348

    317

    1,393

    1,220
    Research and development
    351

    311

    1,367

    1,730
    General and administrative
    112

    100

    410

    491
    Transaction and loan losses
    76

    45

    227

    152
    Impairment on sales of Shopify's logistics businesses -

    -

    -

    1,340 
    Total operating expenses
    887

    773

    3,397

    4,933 
    Operating income (loss)
    465

    289

    1,075

    (1,418)
    Net other income, including taxes(1)
    828

    368

    944

    1,550 
    Net income
    1,293

    657

    2,019

    132
    less: equity investments, mark to market, net of taxes
    835

    320

    782

    1,361 
    Net income (loss)
    excluding the impact of equity investments(2)

    458

    337

    1,237

    (1,229)

     

    (1)Net other income, including taxes includes interest income, gains and losses on equity and other investments, foreign exchange gains and losses and our provision for income taxes.

    (2)Net income excluding the impact of equity investments is a non-GAAP financial measure which is reconciled below in the non-GAAP reconciliation at the end of this press release. The impact of any gains or losses of our equity investments in third parties are not relevant to the fundamentals of our business. Valuations of third parties in public and private markets are outside of our control, and therefore, fluctuations in those valuations have little analytical or predictive value regarding our ability to drive operational results.

    A full Consolidated Statements of Operations and Comprehensive Income (Loss) are available in the Annual Report on Form 10-K filed concurrently with this press release with Canadian and US regulators and available at www.sedarplus.ca and www.sec.gov.

    Shopify Inc. Condensed Consolidated Balance Sheets
    (In US $ millions)



    December 31, 2024

    December 31, 2023 
    Assets
     

     
    Current assets
     

     
    Cash and cash equivalents
    1,498

    1,413
    Marketable securities
    3,981

    3,595
    Trade and other receivables, net
    342

    282
    Loans and merchant cash advances, net
    1,224

    816
    Other current assets
    209

    169 


    7,254

    6,275 
    Long-term assets
     

     
    Property and equipment, net
    47

    49
    Operating lease right-of-use assets, net
    93

    98
    Intangible assets, net
    22

    29
    Deferred tax assets
    37

    44
    Other long-term assets
    21

    -
    Long-term investments
    709

    115
    Equity and other investments ($3,930 and $2,977, carried at fair value)
    4,647

    3,482
    Equity method investment
    642

    780
    Goodwill
    452

    427 


    6,670

    5,024 
    Total assets
    13,924

    11,299 
    Liabilities and shareholders' equity
     

     
    Current liabilities
     

     
    Accounts payable and accrued liabilities
    737

    579
    Deferred revenue
    283

    302
    Operating lease liabilities
    18

    17
    Convertible senior notes
    918

    - 


    1,956

    898 
    Long-term liabilities
     

     
    Deferred revenue
    147

    196
    Operating lease liabilities
    190

    217
    Convertible senior notes
    -

    916
    Deferred tax liabilities
    73

    6 


    410

    1,335 
    Commitments and contingencies
     

     
    Shareholders' equity
     

     
    Common stock
    9,634

    9,201
    Additional paid-in capital
    305

    251
    Accumulated other comprehensive (loss) income
    (10)
    4
    Accumulated surplus (deficit)
    1,629

    (390)
    Total shareholders' equity
    11,558

    9,066 
    Total liabilities and shareholders' equity
    13,924

    11,299

     

    Shopify Inc. Condensed Consolidated Statements of Cash Flows
    (In US $ millions)


     Three months ended
    December 31,


    Years ended
    December 31,
     


    2024

    2023

    2024

    2023 
    Cash flows from operating activities











    Net income for the period
    1,293

    657

    2,019

    132
    Adjustments to reconcile net income to net cash provided by (used in) operating activities:
     

     

     

     
    Amortization and depreciation
    8

    10

    36

    70
    Stock-based compensation
    109

    98

    430

    615
    Provision for transaction and loan losses
    52

    29

    148

    80
    Deferred income tax expense (recovery)
    72

    (3)
    78

    (1)
    Revenue related to non-cash consideration
    (19)
    (35)
    (94)
    (158)
    Impairment on sales of Shopify's
    logistics businesses

    -

    -

    -

    1,340
    Impairment of right-of-use assets and
    leasehold improvements

    -

    -

    -

    38
    Net (gain) loss on equity and other investments
    (929)
    (368)
    (992)
    (1,419)
    Net loss on equity method investment
    22

    48

    138

    58
    Unrealized foreign exchange loss (gain)
    34

    (12)
    19

    (6)
    Changes in operating assets and liabilities (27)
    24

    (166)
    195 
    Net cash provided by operating activities
    615

    448

    1,616

    944 
    Cash flows from investing activities
     

     

     

     
    Purchases of property and equipment
    (4)
    (2)
    (19)
    (39)
    Purchases of marketable securities
    (2,339)
    (1,683)
    (8,396)
    (5,841)
    Maturities of marketable securities
    1,810

    1,612

    7,457

    5,590
    Purchases and originations of loans
    (877)
    (527)
    (3,006)
    (1,861)
    Repayments and sales of loans
    775

    514

    2,542

    1,338
    Purchases of equity and other investments
    (26)
    (260)
    (137)
    (364)
    Acquisition of businesses, net of cash acquired
    -

    -

    (30)
    (31)
    Other -

    -

    3

    (36)
    Net cash used in investing activities
    (661)
    (346)
    (1,586)
    (1,244)
    Cash flows from financing activities
     

     

     

     
    Proceeds from the exercise of stock options
    49

    17

    61

    60
    Net cash provided by financing activities
    49

    17

    61

    60 
    Effect of foreign exchange on cash and cash equivalents
    (12)
    7

    (6)
    4
    Net (decrease) increase in cash, cash
    equivalents and restricted cash

    (9)
    126

    85

    (236)
    Cash, cash equivalents and restricted
    cash - Beginning of period
     1,507

    1,287

    1,413

    1,649 
    Cash, cash equivalents and restricted
    cash - End of Period

    1,498

    1,413

    1,498

    1,413

     

    Reconciliation of Non-GAAP Financial Measures

    Free Cash Flow Reconciliation
    (In US $ millions, except percentages)
    The following table illustrates how free cash flow is calculated in this press release:


     Three months ended
    December 31,


    Years ended
    December 31,
     


    2024

    2023

    2024

    2023 
    Net cash provided by (used in) operating activities
    615

    448

    1,616

    944
    less: capital ex penditures(1)
    (4)
    (2)
    (19)
    (39)
    Free cash flow 611

    446

    1,597

    905 
    Revenue 2,812

    2,144

    8,880

    7,060 
    Free cash flow margin
    22%
    21%
    18%
    13%

     

    (1)Capital expenditures is equivalent to the amount included in "Purchases of property and equipment" on our consolidated statements of cash flows for the reported period.

    Net Income (Loss) Excluding the Impact of Equity Investments Reconciliation
    (In US $ millions)
    The following table illustrates how Net Income (Loss) Excluding the Impact of Equity Investments is calculated in this press release:



    Three months ended
    December 31,


    Years ended
    December 31,
     


    2024

    2023

    2024

    2023 
    Net income
    1,293

    657

    2,019

    132
    less: equity investments, mark to market, net of taxes
    835

    320

    782

    1,361 
    Net income (loss)
    excluding the impact of equity investments(1)

    458

    337

    1,237

    (1,229)

     

    (1)Net income excluding the impact of equity investments is a non-GAAP financial measure. The impact of any gains or losses of our equity investments in third parties are not relevant to the fundamentals of our business. Valuations of third parties in public and private markets are outside of our control, and therefore fluctuations in those valuations have little analytical or predictive value regarding our ability to drive operational results.

    Financial Performance Constant Currency Analysis
    (In US $ millions, except percentages)

    The following table converts our GMV, revenues, gross profit and operating income using the comparative period's monthly average exchange rates. The table below setting out the effect of foreign exchange rates on GMV and our consolidated statements of operations disclosure is a supplement to our consolidated financial statements, which are prepared and presented in accordance with US GAAP. We have provided the below disclosure as we believe it presents a clear comparison of our period to period operating results by removing the impact of fluctuations in foreign exchange rates and to assist investors in understanding our financial and operating performance.


     Three months ended December 31, 


    GMV

    Revenue

    Subscription
    solutions
    revenue


    Merchant
    solutions
    revenue


    Gross
    profit


    Operating
    income
     
    2023 as reported (GAAP, excl. GMV)
    75,125

    2,144

    525

    1,619

    1,062

    289
    2024 as reported (GAAP, excl. GMV)
    94,460

    2,812

    666

    2,146

    1,352

    465
    Percentage change YoY (GAAP, excl. GMV)
    26%
    31%
    27%
    33%
    27%
    61%
    Constant currency impact
    (422)
    (3)
    0

    (3)
    (1)
    7 
    Percentage change YoY (GAAP, excl.
    GMV) constant currency

    26%
    31%
    27%
    33%
    27%
    58%

     



    Years ended December 31, 


    GMV

    Revenue

    Subscription
    solutions
    revenue


    Merchant
    solutions
    revenue


    Gross
    profit


    Operating
    income

    2023 as reported (GAAP, excl. GMV)
    235,910

    7,060

    1,837

    5,223

    3,515

    (1,418)
    2024 as reported (GAAP, excl. GMV)
    292,275

    8,880

    2,350

    6,530

    4,472

    1,075
    Percentage change YoY (GAAP, excl. GMV)
    24%
    26%
    28%
    25%
    27%

    *
    Constant currency impact
    (1,043)
    (5)
    (1)
    (4)
    0

    (22)
    Percentage change YoY (GAAP, excl.
    GMV) constant currency

    24%
    26%
    28%
    25%
    27%

    *

     

    * Not a meaningful comparison

    Forward-looking Statements

    This press release contains forward-looking statements and forward-looking information (collectively, "forward-looking statements"), including statements related to Shopify's financial outlook, including expected revenue and expenses for the next fiscal quarter. These statements can be identified by words such as "expect" and are based on Shopify's current projections and expectations about future events and financial results. Known and unknown risks may cause actual results to differ materially from those described in the forward-looking statements. These risks include, but are not limited to, the Company's ability to maintain expected growth and manage expenses, the impact of changes in economic conditions and consumer spending in key markets such as the United States and Europe and globally, the impact of measures that affect international trade, including tariffs, our reliance on third party cloud providers to deliver services, a cyberattack or security breach, and serious errors or defects in software or hardware. Other factors and risks that may cause actual results to differ materially from those set out in the forward-looking statements are set out in Shopify's Annual Report on Form 10-K and other filings made with US and Canadian securities regulators, available at www.sedarplus.ca and www.sec.gov. Undue reliance should not be placed on the forward-looking statements in this press release, which are based on information available to management on the date hereof and represent management's beliefs regarding future events, projection and financial trends, which, by their nature, are inherently uncertain. The forward-looking statements are provided to give additional information about management's expectations and beliefs and may not be appropriate for other purposes. Shopify undertakes no duty to publicly update or revise any forward-looking statements, except as may be required by law.

    Notes: (1)Gross Merchandise Volume, or GMV, represents the total dollar value of orders facilitated through the Shopify platform including certain apps and channels for which a revenue-sharing arrangement is in place in the period, net of refunds, and inclusive of shipping and handling, duty and value-added taxes.

    Monthly Recurring Revenue, or MRR, is calculated by multiplying the number of merchants by the average monthly subscription plan fee in effect on the last day of that period and is used by management as a directional indicator of subscription solutions revenue going forward assuming merchants maintain their subscription plan the following month. In the three months ended March 31, 2024, the Company revised the inclusion of paid trials in the calculation of MRR.

    Free cash flow and free cash flow margin are non-GAAP financial measures which are reconciled in the non-GAAP reconciliation at the end of this press release. Shopify believes free cash flow and free cash flow margin provide useful information to help investors and others understand our operating results and the performance of our business in the same manner as management. Shopify does not reconcile forward-looking non-GAAP free cash flow margin as certain financial information, the probable significance of which cannot be determined, is not available and cannot be reasonably estimated. Free cash flow is a non-GAAP financial measure calculated as cash flow from operations less capital expenditures.

    Corporate Logo

    To view the source version of this press release, please visit https://www.newsfilecorp.com/release/240378

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    • BMO Capital Markets initiated coverage on Shopify with a new price target

      BMO Capital Markets initiated coverage of Shopify with a rating of Outperform and set a new price target of $120.00

      5/6/25 8:05:47 AM ET
      $SHOP
      Computer Software: Prepackaged Software
      Technology
    • Shopify downgraded by BNP Paribas Exane with a new price target

      BNP Paribas Exane downgraded Shopify from Outperform to Neutral and set a new price target of $100.00

      5/5/25 8:30:03 AM ET
      $SHOP
      Computer Software: Prepackaged Software
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    $SHOP
    Press Releases

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    • Merchant Success Drives Shopify's Excellent Q1 - Delivering Strong Revenue Growth AND Profitability

      Internet, Everywhere--(Newsfile Corp. - May 8, 2025) - Shopify Inc. ((NASDAQ, TSX:SHOP) announced today financial results for the quarter ended March 31, 2025. Shopify achieved 27% revenue growth and 15% free cash flow margin. Shopify has now delivered double-digit free cash flow margins for seven consecutive quarters. "Our Q1 results confirm two clear facts. First, we are delivering both growth and profitability at scale. Second, businesses perform better on Shopify, regardless of market conditions," said Harley Finkelstein, President of Shopify. "We built Shopify for times like these. We handle the complexity so merchants can focus on their customers. We ship products faster than anyone e

      5/8/25 7:00:00 AM ET
      $SHOP
      Computer Software: Prepackaged Software
      Technology
    • Shopify to Announce First-Quarter 2025 Financial Results May 8, 2025

      Internet, Everywhere--(Newsfile Corp. - April 17, 2025) - Shopify Inc. ((NASDAQ, TSX:SHOP) plans to announce financial results for the quarter ended March 31, 2025, before markets open on Thursday, May 8, 2025. Shopify's management team will host a conference call to discuss first-quarter results at 8:30 a.m. ET on Thursday, May 8, 2025. The conference call will be available via webcast on the investor relations section of Shopify's website at https://shopifyinvestors.com/news-and-events.An archived replay of the webcast will be available following the conclusion of the call.About ShopifyShopify is the leading global commerce company that provides essential internet infrastructure for commer

      4/17/25 7:00:00 AM ET
      $SHOP
      Computer Software: Prepackaged Software
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    • Splitit Unveils First Fully Embedded White-Label Installment Solution for Shopify Merchants

      New Embedded Shopify App Offers One-Click Payment Installments and All-in-One Credit Card Processing Service ATLANTA, March 25, 2025 /PRNewswire/ -- Splitit, a global leader in credit card-linked payment installments, announces the launch of its new fully Embedded Shopify App - Splitit Card Installments. This new app provides merchants with an all-in-one service, including credit card processing, while delivering a seamless one-click installment payment experience for consumers, without any redirects or applications. "Our Embedded Shopify App marks a transformative leap in the

      3/25/25 9:12:00 AM ET
      $SHOP
      Computer Software: Prepackaged Software
      Technology

    $SHOP
    SEC Filings

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    • SEC Form 10-Q filed by Shopify Inc.

      10-Q - SHOPIFY INC. (0001594805) (Filer)

      5/8/25 7:02:29 AM ET
      $SHOP
      Computer Software: Prepackaged Software
      Technology
    • Shopify Inc. filed SEC Form 8-K: Results of Operations and Financial Condition, Financial Statements and Exhibits

      8-K - SHOPIFY INC. (0001594805) (Filer)

      5/8/25 7:01:41 AM ET
      $SHOP
      Computer Software: Prepackaged Software
      Technology
    • Shopify Inc. filed SEC Form 8-K: Other Events, Financial Statements and Exhibits

      8-K - SHOPIFY INC. (0001594805) (Filer)

      4/29/25 7:03:17 AM ET
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    $SHOP
    Leadership Updates

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    • Shopify Announces Results of its 2024 Annual Meeting of Shareholders

      Internet, Everywhere--(Newsfile Corp. - June 5, 2024) - Shopify Inc. ((NYSE, TSX:SHOP), a provider of essential internet infrastructure for commerce, announced today the results of its annual meeting of shareholders (the "Meeting") held on June 4, 2024. All director nominees were elected to the Board of Directors and PricewaterhouseCoopers LLP were appointed as the Company's auditors. Shareholders approved the third amendment and restatement of the Company's Long Term Incentive Plan and approved all unallocated awards under the Company's Long Term Incentive Plan and Stock Option Plan, as amended. In addition, shareholders approved the advisory resolution on the Company's approach to executiv

      6/5/24 7:00:00 AM ET
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      Computer Software: Prepackaged Software
      Technology
    • Former Shopify CFO and Small Business Advocate Amy Shapero Joins Jobber's Board of Directors as Company Positions Itself to Lead Tech Adoption in Home Service

      TORONTO, Feb. 5, 2024 /PRNewswire/ - Jobber, the leading provider of operations management software for home service businesses, today announced that global finance veteran Amy Shapero has been appointed to its board of directors as Audit Committee Chair. Shapero brings extensive finance, strategy, and operating experience in mission-driven, high-growth companies developing disruptive technology to level the playing field for small and medium-sized businesses. She most recently served for nearly five years as CFO at Shopify (NYSE:SHOP) (TSX:SHOP) ("Shopify"), a leading global

      2/5/24 9:00:00 AM ET
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    • New Partnership Establishes Faire as Shopify's Recommended Wholesale Marketplace

      Faire, the world's leading B2B retail marketplace, announced today a new global partnership with Shopify (NYSE:SHOP) that establishes Faire as the recommended wholesale marketplace for Shopify, which powers millions of merchants around the world. This partnership brings together two world-class category leaders in retail and commerce to expand Shopify's B2B offerings and help drive growth for the brands and independent retailers the two companies serve. As part of the deal, Shopify will also become a Faire shareholder, demonstrating the global commerce leader's long-term commitment to the partnership. "At Faire we have long admired Shopify's like-minded approach to building tools that emp

      9/27/23 6:00:00 AM ET
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      Computer Software: Prepackaged Software
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    $SHOP
    Large Ownership Changes

    This live feed shows all institutional transactions in real time.

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    • SEC Form SC 13G/A filed by Shopify Inc. (Amendment)

      SC 13G/A - SHOPIFY INC. (0001594805) (Subject)

      5/10/24 6:37:42 AM ET
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      Computer Software: Prepackaged Software
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    • SEC Form SC 13G/A filed by Shopify Inc. (Amendment)

      SC 13G/A - SHOPIFY INC. (0001594805) (Subject)

      2/13/24 4:32:15 PM ET
      $SHOP
      Computer Software: Prepackaged Software
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    • SEC Form SC 13G/A filed by Shopify Inc. (Amendment)

      SC 13G/A - SHOPIFY INC. (0001594805) (Subject)

      2/9/24 5:46:33 PM ET
      $SHOP
      Computer Software: Prepackaged Software
      Technology