<span item_type="fundamental" item_id="0c1634777e008277d4a6ce63d71c3428" counter_id="ST/US/SHOP" env="prod"></span><span item_type="announcement" item_id="579035898460640641" env="prod"></span><p>營收：截至 2025 財年 Q3，公佈值為 28.44 億美元，市場一致預期值為 27.6 億美元，超過預期。</p><p></p><h3>財務數據概覽</h3><h4>收入</h4><ul><li>總收入為 28.44 億美元，同比增長 32%。<span class="superscript" item_id="0" item_type="announcement_file" value="1" url="https://www.sec.gov/Archives/edgar/data/1594805/000159480525000088/exhibit991pressreleaseq320.htm"></span></li><li>訂閲解決方案收入為 6.99 億美元，同比增長 15%。<span class="superscript" item_id="0" item_type="announcement_file" value="1" url="https://www.sec.gov/Archives/edgar/data/1594805/000159480525000088/exhibit991pressreleaseq320.htm"></span></li><li>商家解決方案收入為 21.45 億美元，同比增長 38%。<span class="superscript" item_id="0" item_type="announcement_file" value="1" url="https://www.sec.gov/Archives/edgar/data/1594805/000159480525000088/exhibit991pressreleaseq320.htm"></span></li></ul><h4>運營指標</h4><ul><li>毛利潤為 13.91 億美元，同比增長 24%。<span class="superscript" item_id="0" item_type="announcement_file" value="1" url="https://www.sec.gov/Archives/edgar/data/1594805/000159480525000088/exhibit991pressreleaseq320.htm"></span></li><li>營業收入為 3.43 億美元，同比增長 21%。<span class="superscript" item_id="0" item_type="announcement_file" value="1" url="https://www.sec.gov/Archives/edgar/data/1594805/000159480525000088/exhibit991pressreleaseq320.htm"></span></li><li>淨收入為 2.64 億美元，而去年同期為 8.28 億美元。<span class="superscript" item_id="0" item_type="announcement_file" value="1" url="https://www.sec.gov/Archives/edgar/data/1594805/000159480525000088/exhibit991pressreleaseq320.htm"></span></li><li>不包括股權投資影響的淨收入為 3.67 億美元，同比增長 6.7%。<span class="superscript" item_id="0" item_type="announcement_file" value="1" url="https://www.sec.gov/Archives/edgar/data/1594805/000159480525000088/exhibit991pressreleaseq320.htm"></span></li></ul><h4>現金流</h4><ul><li>自由現金流為 5.07 億美元，同比增長 20.4%。<span class="superscript" item_id="0" item_type="announcement_file" value="1" url="https://www.sec.gov/Archives/edgar/data/1594805/000159480525000088/exhibit991pressreleaseq320.htm"></span></li><li>自由現金流率為 18%。<span class="superscript" item_id="0" item_type="announcement_file" value="1" url="https://www.sec.gov/Archives/edgar/data/1594805/000159480525000088/exhibit991pressreleaseq320.htm"></span></li></ul><h4>獨特指標</h4><ul><li>總商品交易額（GMV）為 920.13 億美元，同比增長 32%。<span class="superscript" item_id="0" item_type="announcement_file" value="1" url="https://www.sec.gov/Archives/edgar/data/1594805/000159480525000088/exhibit991pressreleaseq320.htm"></span></li><li>月度經常性收入（MRR）為 1.93 億美元，同比增長 10.3%。<span class="superscript" item_id="0" item_type="announcement_file" value="1" url="https://www.sec.gov/Archives/edgar/data/1594805/000159480525000088/exhibit991pressreleaseq320.htm"></span></li></ul><h3>前景展望</h3><ul><li>Shopify 預計 2025 年第四季度的收入將以中到高的 20% 增長率同比增長。<span class="superscript" item_id="0" item_type="announcement_file" value="1" url="https://www.sec.gov/Archives/edgar/data/1594805/000159480525000088/exhibit991pressreleaseq320.htm"></span></li><li>毛利潤預計將以低到中 20% 的增長率同比增長。<span class="superscript" item_id="0" item_type="announcement_file" value="1" url="https://www.sec.gov/Archives/edgar/data/1594805/000159480525000088/exhibit991pressreleaseq320.htm"></span></li><li>營業費用佔收入的比例預計為 30% 到 31%。<span class="superscript" item_id="0" item_type="announcement_file" value="1" url="https://www.sec.gov/Archives/edgar/data/1594805/000159480525000088/exhibit991pressreleaseq320.htm"></span></li></ul>

Shopify ｜8-K：2025 財年 Q3 營收 28.44 億美元超過預期