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What Time Will Shopify Report Earnings?

Last updated on October 1, 2022 @ 1:15 pm

Shopify is set to report earnings on Thursday, May 28th. The ecommerce platform provider’s stock has been on a tear lately, and investors are eagerly awaiting its latest results. Shopify has consistently surprised to the upside in recent quarters, and the trend looks likely to continue in Q1.

Shopify’s strong performance has been driven by strong growth in its merchant base and expanding gross merchandise volume (GMV). The company’s GMV grew 47% year-over-year in Q4, and its merchant base grew 43% to 1.9 million.Shopify’s platform enables businesses of all sizes to sell online, and the company has benefited from the shift of retail sales from brick-and-mortar to ecommerce. With the COVID-19 pandemic accelerating the shift to online shopping, Shopify is well positioned to continue its strong growth streak.

Investors will be looking for continued GMV and merchant growth in Q1, as well as any color on Shopify’s plans for the rest of 2020. The company has already announced a number of initiatives that should help it weather the current economic downturn, including deferring payments for some merchants and investing $200 million in marketing spend.

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Shopify is scheduled to report earnings at 4:30 PM ET on Thursday, May 28th. The stock is up nearly 80% so far this year.

What time will Shopify report earnings?

Shopify will report earnings at 4:30 PM ET on Thursday, May 28th.

Drew Clemente

Drew Clemente

Devops & Sysadmin engineer. I basically build infrastructure online.