Leading e-commerce platform Shopify (SHOP) continues to blow away the expectations of even the most bullish investors and analysts. Indeed, SHOP stock has continued to be one of the best performing Canadian growth stocks, fueled by impressive earnings. During Shopify's most recent quarter, the company crushed analyst estimates. This earnings beat allowed SHOP stock to remain stable at around all-time highs. (Shopify ran up into earnings in a big way). The company's revenue surged 57% to $1.11 billion in the second quarter. Among the segments driving this growth was Subscription Revenue. This recurring revenue stream surged 70%, due to an increased number of merchants across the platform.
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Shopify (NYSE:SHOP)
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Shopify (NYSE:SHOP)
Historical Stock Chart
From Jan 2021 to Jan 2022 Click Here for more Shopify Charts.