Latest news with #ShopifyPayments
Globe and Mail
15-07-2025
- Business
- Globe and Mail
SHOP's Merchants Drive GMV Higher: Is Growth Thesis Strengthening?
Shopify SHOP is benefiting from strong growth in its merchant base, which is driving its Gross Merchandise Volume (GMV) higher. This growth in GMV reinforces its position as a leading e-commerce platform, attracting both new merchants and deepening relationships with existing ones. Building on this momentum in the first quarter of 2025, GMV was $74.75 billion, which increased 22.8% year over year. Same-store sales growth from existing merchants, a higher number of merchants on SHOP's platform, and strong growth in Europe drove GMV in the reported quarter. Shopify's ability to consistently deliver GMV growth of more than 20% for seven consecutive quarters underscores the strength of its platform and its ability to support merchants in scaling their businesses. This impressive GMV growth is further supported by new merchant-friendly tools, such as Shop Pay, Shopify Pay Instalments, Sign in with Shop and the Shop App solutions, which are helping the company to win new merchants regularly. Shopify Payments itself is gaining traction, with GMV penetration reaching 64% in the first quarter of 2025. Shop Pay's GMV soared 57% year over year, processing over $22 billion, while Shop App native GMV skyrocketed 94% year over year and 84% sequentially in the first quarter of 2025. SHOP Faces Stiff Competition SHOP faces stiff competition in the e-commerce space from companies like MercadoLibre MELI and eBay EBAY. MercadoLibre's rising GMV is acting as a key catalyst. In the first quarter of 2025, MercadoLibre reported GMV of $13.3 billion, which jumped 17% year over year and 40% on a FX-neutral basis. With such strong growth, MercadoLibre continues to strengthen its position in the Latin American e-commerce market. To accelerate GMV, eBay continues to make strong efforts to deliver a better buying and selling experience to both buyers and sellers. In the first quarter of 2025, EBAY's total GMV of $18.8 billion exhibited year-over-year growth of 1% on a reported and 2% on an FX-neutral basis. SHOP's Share Price Performance, Valuation and Estimates Shopify shares have risen 9.8% year to date, outperforming the broader Zacks Computer & Technology sector's return of 7.4%. The Zacks Internet Services industry declined 2.7% in the same time frame. SHOP Stock Performance Image Source: Zacks Investment Research SHOP stock is trading at a premium, with a forward 12-month Price/Sales of 12.66X compared with the industry's 5.39X. SHOP has a Value Score of F. Price/Sales (F12M) The Zacks Consensus Estimate for second-quarter 2025 earnings is pegged at 28 cents per share, which has remained unchanged over the past 30 days. This represents a 7.69% year-over-year increase. The consensus mark for 2025 earnings is pegged at $1.40 per share, unchanged over the past 30 days, suggesting 7.69% year-over-year growth. SHOP currently sports a Zacks Rank #1 (Strong Buy). You can see the complete list of today's Zacks #1 Rank stocks here. 7 Best Stocks for the Next 30 Days Just released: Experts distill 7 elite stocks from the current list of 220 Zacks Rank #1 Strong Buys. They deem these tickers "Most Likely for Early Price Pops." Since 1988, the full list has beaten the market more than 2X over with an average gain of +23.5% per year. So be sure to give these hand picked 7 your immediate attention. See them now >> Want the latest recommendations from Zacks Investment Research? Today, you can download 7 Best Stocks for the Next 30 Days. Click to get this free report eBay Inc. (EBAY): Free Stock Analysis Report MercadoLibre, Inc. (MELI): Free Stock Analysis Report Shopify Inc. (SHOP): Free Stock Analysis Report
Time Business News
02-07-2025
- Business
- Time Business News
How to Start a Shopify Store: Step-by-Step Guide
Shopify is the most preferred platform for building e-commerce stores because it offers everything you need to start, manage, and grow your online business. However, without proper guidance, building a successful Shopify store is an intricate process even for developers. Whether you are launching a new online store or upgrading to Shopify, having a clear guide is important for a scalable and high-performing online presence. In this guide, you'll learn how to start a Shopify store with 10 simple steps and learn what role a Shopify Plus development agency can play to make the process even smoother. Let's get started. Developers and Shopify Plus development agency follow these steps to build a successful online store: Open the Shopify website and create an account by starting a 3-days free trial. This free trial is a good option to explore all of its features. Once you press the start free trial button, you need to provide the following information: Your email address Your store name Password for your account After filling out this form, you are directed to the admin dashboard where you can manage products, customers, store design, and sales. Once your trial period expires, you'll get the option to select the Shopify plan for your store. The following options are available: Basic is recommended for startups Shopify is ideal for expanding businesses Advanced is best for scalability Shopify Plus is an enterprise-level solution You should evaluate the needs of your store. If it's high-level, you must go for Shopify Plus, and if it's a startup, basic Shopify would be enough. You can change it later on. If you are still confused about choosing the right plan, compare Shopify vs Shopify Plus to understand which features meet your store's needs. Shopify offers free and paid themes. It is highly important to match the look and feel of online stores with brands and products. In your dashboard, under 'Sales Channels', there is an option for 'Online Store', where you can find 'Themes'. In themes, you click customize so: Change colors Insert logo Adjust layout Modify font In case you need more advanced customization options, consulting with a Shopify Plus development agency would be a good decision. They can provide a more personalized experience to your customers by providing you with a unique look that will match your brand's image. Now it is time to add products. For each product, the following information is required: Title of the product Description Price Images Variants (size, color, material, flavor, capacity, etc.) Inventory information Try to use 'Collections' in products to organize the product categories. Such as the use of Men's sale, Women's sale, Best-selling, new arrivals, etc. This will help users find products more easily. Set payment gateways to get payment. Shopify makes it easy by supporting the following methods: Shopify Payments PayPal Stripe Apple Pay Manual payments (cash on delivery, credit, and debit card) While selecting payment methods, keep your target audience in mind. You can also use different payment methods for different countries. Moreover, ensure to activate two-step authentication for your account and provide accurate bank details. Now design how to ship and tax your products. For setting up shipping rates, go to 'Shipping and Delivery' and add a shipping rate. You can: Fix the rate Offer free shipping Add optional shipping (like weight-based, price-based, or location-based) Provide the recent shipping carriers like UPS, FedEx, or DHL. Plus, Shopify decides tax depending on the location, but still, you have the option to change the rules of taxation. To make your store look professional, customize its domain. You have two options: Either buy a new domain through Shopify Or attach your already existing domain Once you link to your store, it will be easily available through your domain. This is the essential step to gain customers' trust and increase SEO ranking. To smoothly run all the operations of your store, complete the following settings from the Shopify dashboard: Enter the store's name, email, and contact details Store policies like refund, terms, and conditions Checkout process (guest, accounts) Notifications (emails or SMS) These settings make sure that the store meets your customers' expectations. If you want to add more functions to your store, use Shopify app store's built-in tools, including: Email marketing tools Reviews and ranking Live chat Upsell and cross-sell products Linking with social media Shopify Plus users often demand modern integration tools. Be careful to add only the tools your store truly needs, as too many can slow down your website's performance. You can get help from a Shopify Plus development agency to integrate the right and modern tools for your store. Your store is ready to go live, but before making it live, check the following points: Checkout process Go through the product details Verify payment methods Examine shipping and tax options Browse your store from the customer's point of view, and make sure to place a testing order with the help of Shopify's test mode. Fix any error that comes up and launch your website live after removing the password protection. Shopify provides a simple process and tools to build your store, despite the fact that expert guidance is recommended to build high-performing and scalable websites. You can hire a developer or partner with a trusted Shopify Plus development agency like Bizmia. These agencies ensure to provide: Build custom themes Rapid speed and mobile-friendly features Assemble custom apps and APIs Establish modern features like support for multi-currency and multi-language Make seamless migration from one platform to another, like WordPress to Shopify or Shopify Plus The experts of these agencies work on your project and save time, cost, and effort. Starting a Shopify store is simple when you use the right tools, guide, and strategy. By following this 10-step guide, you can build a fully featured store that looks professional. Every single step is essential, from creating an account to launching your website after testing. If you need expert guidance, get help from a Shopify Plus development agency. They promise to take care of every single step from adding advanced features and custom themes to integration with modern apps and APIs. Go Green with Biodegradable Cosmetic Packaging Boxes TIME BUSINESS NEWS
Yahoo
14-06-2025
- Business
- Yahoo
Crypto Currents: Coinbase, Shopify partner for USDC payments
As bitcoin, ethereum and other cryptocurrencies get increasing attention from investors, Wall Street and its traditional banks continue to adjust to the shift. Catch up on this week's top stories highlighting the intersection of these old guard and new school areas of finance with this recap compiled by The Fly. Easily unpack a company's performance with TipRanks' new KPI Data for smart investment decisions Receive undervalued, market resilient stocks right to your inbox with TipRanks' Smart Value Newsletter COINBASE, SHOPIFY PARTNER FOR USDC PAYMENTS: On Thursday, Coinbase (COIN) announced a partnership with Shopify (SHOP). The company said, 'We are working together to bring commerce onchain by making it easy for all merchants on Shopify Payments to accept USDC payments on Base. We're rolling this out with early access merchants today, and will expand to all stores around the globe running Shopify Payments later this year. The future of payments is here. Shopify chose Base to bring crypto payments mainstream because it offers fast, cheap, and secure onchain transactions everywhere around the world. This partnership represents a significant step toward Base's mission to bring a billion people onchain.' Additionally at its State of Crypto Conference, Coinbase announced that it(AXP) Network. The Coinbase One Card will offer up to 4% bitcoin back on every purchase, offered by Coinbase and Cardless, and issued by First Electronic Bank. Will Stredwick, SVP, global network services at American Express, said, 'In today's world, we see real potential in the combination of Coinbase and crypto with the Powerful Backing of American Express, and what the card offers is an excellent mix of what customers are looking for right now…The Coinbase One Card will offer crypto rewards alongside unique benefits, offers, experiences, and protections through the American Express Network.' The company also announced Thursday that it will be launching a Coinbase Business financial platform later this year. The company said, 'At Coinbase, we've spent over a decade building the trusted foundation for the cryptoeconomy to increase economic freedom around the world. Now, we're bringing that same security, scale, and compliance to everyday businesses with Coinbase Business, a modern financial stack built with the speed and scale of crypto. Coinbase Business is purpose-built for modern operations and designed to streamline financial workflows for small-to-medium-sized businesses and startups. Whether you're looking to send and receive payments, manage crypto assets, or automate payouts, Coinbase Business allows you to do it all in one secure account.' On Friday, BofA raised the firm's price target on Coinbase to $259 from $216 and kept a Neutral rating on the shares. With the GENIUS and CLARITY Acts through committee, the firm thinks that regulatory clarity will be achieved over the near-term, which would broaden crypto participation, and it is raising its multiple and revising up volume estimates for Coinbase's institutional business in order to embed the benefit of greater regulatory clarity. However, while positive on the regulatory front, the firm also views the retail trading backdrop as 'peakish' and views Coinbase's valuation as 'full' relative to its long-term growth prospects, the analyst said. Meanwhile on Wednesday, William Blair initiated coverage of Coinbase with an Outperform rating. The firm views the crypto industry as 'nascent, rapidly evolving, and poised for durable above-average growth,' measured by token market capitalization and transaction volume. Crypto's 'time on the fringe is ending,' replaced by an era of consistent regulation and expanding use-cases with the ultimate potential to supplant the traditional global financial system, the analyst said. Blair believes Coinbase's leadership creates an inherent advantage, and views the stock as the best way for growth investors to participate in a 'crypto renaissance.' It believes the company's solutions constitute the most comprehensive crypto services portfolio, underpinned by security and trust. BITCOIN DEPOT ACQUIRES ASSETS OF PELICOIN: Bitcoin Depot (BTM) announced Wednesday it has acquired the assets of Pelicoin, a crypto ATM operator based in New Orleans, Louisiana. The deal will add kiosk locations across Louisiana, Mississippi, Tennessee, Alabama, and Texas, strengthening Bitcoin Depot's presence in the Gulf South. Pelicoin's ATM network will be fully integrated into Bitcoin Depot's platform in the coming weeks, with all locations transitioning to Bitcoin Depot branding. The financial terms of the transaction were not disclosed. 'Pelicoin is a strategic addition to our footprint in a region where we see real opportunity,' said Brandon Mintz, CEO. 'Pelicoin's locations give us a stronger presence in the Gulf South, and we can immediately apply our scale and experience to operate their machines more efficiently. This acquisition is part of our broader effort to consolidate a fragmented market and extend our leadership in cash-to-crypto access nationwide. As the industry matures, we believe our ability to integrate and optimize smaller networks is a key advantage.' Following the news, Northland raised the firm's price target on Bitcoin Depot to $8.50 from $7 and kept an Outperform rating on the shares. While this 'appears to be a relatively small acquisition,' the firm views it as 'a testament' to management executing on its kiosk acquisition roll-up strategy, the analyst said. STRATEGY BUYS MORE BITCOIN: Strategy (MSTR) announced Monday updates with respect to its at-the-market offering programs and bitcoin holdings. The company raised $112.2M and purchased 1,045 bitcoin for an aggregate purchase price of $110.2M during the period of June 2 to June 8. As of June 8, the company's aggregate bitcoin holdings were 582,000. JPMORGAN UPDATES BITCOIN MINER PRICE TARGETS: On Friday, JPMorgan raised the firm's price target on Riot Platforms (RIOT) to $14 from $13 and kept an Overweight rating on the shares. The firm updated bitcoin miner price targets and models to reflect the Q1 results and changes in bitcoin price and the network hashrate. JPMorgan applied a sum-of-the-parts valuation framework, which values miners based on their mining operation, land and power portfolio, and bitcoin holdings. The analyst also raised the firm's price target on Mara Holdings (MARA) to $19 from $18 and kept a Neutral rating on the shares as well as on CleanSpark (CLSK) to $14 from $12 and keeps an Overweight rating on the shares. WALMART, AMAZON MULL ISSUING STABLECOINS: Walmart (WMT), Amazon (AMZN), and other multinational companies as well as Expedia Group (EXPE) and airline companies have explored whether to issue their own stablecoins in the U.S., the Wall Street Journal's Gina Heeb, AnnaMaria Andriotis, and Josh Dawsey reported Friday, citing people familiar with the matter. Stablecoins could allow merchants to get around traditional payment restrictions and offer the possibility for a quicker process. OTHER CRYPTO NEWS: Riot Platforms reports beneficial ownership of 14.3% in Bitfarms (BITF) Stablecoin 'quietly become' second largest miner, says BTIG PayPal (PYPL) plans to make its stablecoin available on the Stellar network TeraWulf (WULF) price target raised to $6 from $4.50 at Rosenblatt CRYPTO STOCK PLAYS: Publicly traded companies in the space include Bit Digital (BTBT), Coinbase, Core Scientific (CORZ), Greenidge Generation (GREE), Mara Holdings, Strategy, Riot Platforms and TeraWulf. PRICE ACTION: As of time of writing, bitcoin was roughly flat this week at $104,990 in U.S. dollars, according to CoinDesk. Published first on TheFly – the ultimate source for real-time, market-moving breaking financial news. Try Now>> See the top stocks recommended by analysts >> Read More on COIN: Disclaimer & DisclosureReport an Issue Spetz says Sonic blockchain's native token $S set to be listed on Coinbase USDC Comes to Shopify, Coinbase Deal Could Boost SHOP Stock Coinbase price target raised to $259 from $216 at BofA Coinbase Launches First-Ever American Express Credit Card with 4% Bitcoin Cashback Coinbase Global: Hold Rating Amid Strategic Growth and Market Uncertainties
Yahoo
14-05-2025
- Business
- Yahoo
Strong Q1 and Nasdaq Listing Signal Bright Future for Shopify Stock (SHOP)
Shopify (SHOP) is firing on all cylinders, recording awe-inspiring results that show zero sign of slowing down. Merchant adoption continues to climb, and Shopify Payments is gaining notable traction. On top of that, the company is generating solid free cash flow as it tightens costs and introduces more high-margin products. To symbolize the company's coming of age, Shopify is set to join the Nasdaq 100 (NDX) and the Nasdaq-100 Equal Weighted Index (NDXE) later this month. Quickly and easily unpack a company's performance with TipRanks' new KPI Data for smart investment decisions Receive undervalued, market resilient stocks straight to you inbox with TipRanks' Smart Value Newsletter With global growth, smarter AI tools, and a leaner operation, Shopify looks well-positioned to maintain this momentum. I'm stoically bullish on SHOP stock and have initiated a long position. Shopify's recent earnings report, which included a 27% YoY rise in revenues and a 22% rise in profit, further entrenches my bullish stance. Shopify's Q1 earnings, which the company posted last Thursday, were nothing short of excellent. Quarterly revenues reached $2.36 billion, with Gross Merchandise Volume (GMV) climbing 23% to $74.75 billion, powered by a 32% surge in international GMV and a staggering 109% leap in B2B GMV. Speaking on the post-earnings call, President Harley Finkelstein pointed to Shopify's unified commerce platform (now live in 39 countries) as a magnet for merchants worldwide. Moreover, Shopify Payments penetration hit 64%, up from 60%, processing $47.5 billion, a 31% jump. The numbers tell a broader story. Offline GMV grew 23%, proving Shopify's not just an online play, while Monthly Recurring Revenue (MRR) advanced 21% to $182 million, driven by Shopify Plus and subscription plans. Management noted the platform's adaptability, with AI tools streamlining merchant operations and cross-border trade holding steady at 15% of GMV. All in all, the writing on the wall is that Shopify's multi-channel prowess spreads at a breakneck pace from mom-and-pop shops to global brands. However, besides Shopifty's impressive top-line growth, its profitability metrics were downright dazzling. Gross profit rose 22% to $1.17 billion, with operating income doubling to $203 million for a 9% margin, up from 5% a year ago. Free cash flow stole the spotlight, surging 56% to $363 million, delivering a 15% margin, marking seven straight quarters of double-digit margins. So, beyond growth, we see disciplined capital and spending controls. Indeed, Shopify's cost management deserves applause. Operating expenses as a percentage of revenue declined from 51% in Q1 2023 to 36% in Q1 2025, easing a long-time investor's worry. Stock-based compensation, another sore spot, is projected to stabilize at $120 million for Q2, a fraction of revenues. In the meantime, Shopify Payments has transformed into a cash machine via frictionless transaction fees, translating to ever-rising gross margins. As a rising number of merchants opt to switch to Shopify Payments for their payment processing over time, there is no reason to assume that this trend is set to reverse anytime soon. Shopify's stock slipped post-earnings, which I found pretty surprising given how powerful its momentum was once again proven to be. Now, historically, SHOP's nosebleed valuations, often over 20x sales, kept cautious investors at bay, with shares still 40% below their 2021 highs. But today's setup is rather different. With revenue and profits compounding at a blistering pace, the stock's forward P/FCF multiple of 61x for 2025, falling to 37x by 2027, appears to be downright reasonable given the pace. In particular, consensus forecasts see free cash flow hitting $1.95 billion this year, $2.46 billion in 2026, and $3.20 billion by 2027. Notably, superb free cash flow should open room for capital return prospects, which Shopify hasn't really explored thus far. As the cash pile grows, management could start returning capital via buybacks or even dividends, which could attract a new cohort of investors to the stock. With the company's net cash position already at a considerable $5.3 billion and tons of cash expected to flow in the coming years, I believe this is an ever-growing possibility. Wall Street's outlook on Shopify is relatively bullish, despite the stock lagging in recent weeks. The stock now has a Strong Buy consensus rating, with 24 analysts currently bullish and 8 staying neutral. Notably, not a single analyst is bearish on the stock. SHOP's average price target is $117.35, indicating an upside potential of 12.5% over the coming twelve months. Shopify's imminent Nasdaq listing and superlative performance results indicate an elegant mix of growth and disciplined spending. The company's ability to scale across online, offline, B2B, and global markets while generating robust cash flows showcases a platform built for endurance. Given the constant reinvention and rollout of features, top-line growth is set to remain vigorous for many quarters to come, and the Q2 guidance for growth in the mid-20s indeed confirms this. Wall Street's free cash flow growth estimates further confirm that Shopify's bottom line is also set to snowball. Add the reasonable valuation and net cash position, and Shopify stock forms a highly compelling case. Disclaimer & DisclosureReport an Issue Sign in to access your portfolio
Business Insider
08-05-2025
- Business
- Business Insider
Shopify builds new merchant tools for navigating tariff uncertainty
Shopify has been busy building tools to help its merchants through tariff uncertainty. Executives addressed tariffs directly during the company's first-quarter earnings call Thursday, saying that it had launched a series of new solutions for calculating and collecting duties. "We've shipped a lot, and we focused on areas that we can have a more immediate impact: cross-border trade, making it easier to buy local, duties calculations, and shipping," President Harley Finkelstein said during the call. That includes a website it launched this week that provides AI-driven guidance on US tariff rates based on a product's description and its country of origin. The website cautions users to take it as guidance and to double-check rates with customs officials. In February, Shopify made its duties-collection tool, previously exclusive to users of Advanced Shopify or Shopify Plus, available to all merchants. Merchants using the tool can display and collect duties at the time of checkout. It also lowered the transaction fee for that tool to 0.5%, down from 0.85% for Shopify Payments users and 1.5% for merchants using other payment providers. Finkelstein said the number of merchants using the duties-collection tool doubled between January and the end of March. Shopify also added a filter in the Shop app that allows shoppers to view products made in a particular country and to buy locally. On the shipping front, it launched the ability for merchants to purchase prepaid shipping labels and send products to customers using delivery duty-paid shipping, which essentially means that merchants assume the costs of tariffs and taxes for customers. It also started working with more third-party logistics providers on the Shopify Fulfillment Network app and added features to its managed markets product, which, through a partnership, allows merchants to designate Global-e as the merchant of record rather than the seller itself. "Our obsession with unlocking every opportunity and filling every important gap in the system, to give our merchants the best chance of success, is one of our superpowers," Finkelstein said. "We rolled out the Shop app filter in less than a week, and the duties calculation at checkout update over a weekend. Literally, the weekend after the tariff changes were announced, the team got to work, and by Sunday evening, we were testing it for production," he added. Shopify CFO Jeff Hoffmeister said that cross-border commerce accounted for 15% of the company's gross merchandise volume in the quarter, similar to previous quarters. About half of that cross-border commerce involved trade into or out of the US. He added that only about 1% of Shopify's overall GMV was for items from China that would qualify for the de minimis exemption. "The recent expiration of the de minimis exemption for goods from China is not expected to have a meaningful impact on Shopify in the near term," he said. "That said, this expired less than a week ago, and we will continue to monitor its impact on our business." Shopify reported 27% revenue growth and 23% GMV growth for the quarter. "As the platform that powers global commerce, we're of course monitoring for potential slowdowns, but our data through April shows little evidence of that," Finkelstein said.
