Q4 Merchant Solutions revenue increased 33% year-over-year, primarily driven by the continued strength in GMV and increased penetration of Shopify payments. $61 billion of GMV was processed on Shopify payments in Q4, that's 35% higher than last year, and 64% of GMV compared to 60% in Q4 of 2023.

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The average estimate of 16 analysts surveyed by Zacks Investment Research was also for earnings of 44 cents per share. The cloud-based commerce company posted revenue of $2.81 billion in the period, exceeding Street forecasts.

Key Takeaways Shopify reported better-than-expected results for the fourth quarter after a strong holiday season, but its outlook underwhelmed.The e-commerce firm said it expects current-quarter revenue to grow by a percentage in the mid-twenties,

Jefferies analyst Samad Samana notes that Shopify Q4 gross merchandise volume of $94.5B and total revenue of $2.812B beat consensus, as did GAAP operating margin of 16.5% on reven

Prior to the quarterly report, J.P. Morgan analysts Reginald Smith and Charles Pearce, who rate Shopify at Overweight with a price target of $121, weighed in on what they expected