Shopify's third-quarter revenue rose 32% year over year to $3.74 billion, matching the midpoint of its outlook, as gross merchandise volume increased 30% in constant currency for a sixth straight quarter. Operating margin widened to 15.2% from 12.1% a year ago.
Shopify’s growth has been strong and is expected to remain so, with robust new merchant adds, increasing GMV, and high attach rates.
Shopify has traded at lofty valuations at times, and while it might continue to generate strong growth, the company may still fail to live up to optimistic assumptions embedded in the share price.
Metric | SHOP | AMZN | ADBE |
|---|---|---|---|
Price/Earnings (Normalized) | 86.83 | 30.06 | 10.85 |
Price/Book Value | 15.06 | 4.69 | 7.90 |
Price/Sales | 13.66 | 3.64 | 3.72 |
Price/Cash Flow | 72.37 | 14.40 | 9.35 |
Metric | SHOP | AMZN | ADBE |
|---|---|---|---|
Quick Ratio | 4.72 | 0.82 | 0.65 |
Current Ratio | 4.86 | 0.99 | 0.77 |
Interest Coverage | — | 38.78 | 35.68 |
Metric | SHOP | AMZN | ADBE |
|---|---|---|---|
Return on Assets (Normalized) | 19.01% | 10.05% | 30.13% |
Return on Equity (Normalized) | 21.86% | 20.21% | 76.66% |
Return on Invested Capital (Normalized) | 19.43% | 14.24% | 48.47% |
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