Shopify 2021 second quarter financial report released! Quarterly revenue exceeded the $1 billion mark for the first time!

It is learned that on Wednesday morning, Canadian e-commerce giant Shopify released its second-quarter financial report. The revenue in the second quarter ending June 30 reached US$1.1 billion, which is the first time that Shopify has exceeded the US$1 billion mark in a quarter! It increased by 57% from US$714.3 million in the same period last year.

In fact, Shopify grew in almost every financial category. Its gross merchandise value (GMV) increased 40% to $42.2 billion. Gross profit increased 64% to $627 million, compared with $381.4 million in the second quarter of 2020.

Shopify said that due to the continued popularity of the e-commerce market in the first half of 2021 and the $1.9 trillion economic stimulus package released by the United States in March this year, they generated higher-than-expected revenue in the first half of 2021.

Shopify expects operating expense growth to accelerate in the third and fourth quarters, with more merchants joining its platform in the second half of the year, but at a slower pace than the record pace in 2020. In addition, it expects full-year 2021 adjusted revenue to be higher than the level they achieved in 2020.

Editor✎ Irene/

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