Shopify Q1 2022 earnings report: total revenue of $1.204 billion

 

A few days ago, Shopify announced its financial report for the first quarter ended March 31, 2022, the company’s Q1 total revenue of $1.204 billion, less than the market’s widely expected $1.24 billion, compared with $989 million in the same period last year, an increase of 22% ; Q1 net loss of $1.474 billion, compared with a net profit of $1.26 billion in the same period last year. Q1 operating loss was $97.98 million, compared with an operating profit of $1.189 billion in the same period last year. Q1 operating loss was $97.98 million,compared with an operating profit of $1.189 billion in the same period last year.

It is understood that Shopify Q1 GMV reached $43.2 billion, with a two-year compound growth rate of 57%, a 16% year-on-year increase compared to Q1 in 2021. GPV increased to $22.0 billion, or 51% of GMV processed in the quarter, compared to $17.3 billion a year earlier, or 46%.

Shopify is a one-stop SaaS e-commerce service platform headquartered in Ottawa, the capital of Canada. More than one million companies have created online stores using the Shopify platform.