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Shopify Merchants Rake in $14.6 Billion During Black Friday Weekend Blitz

MarketDash Editorial Team
6 days ago
Shopify's platform processed a record $14.6 billion in Black Friday–Cyber Monday sales, marking a 27% jump from last year as more than 81 million shoppers fueled the holiday shopping frenzy.

Shopify Inc. (SHOP) had itself quite the weekend. The e-commerce platform announced Tuesday that merchants using its services hit a record $14.6 billion in sales during the Black Friday–Cyber Monday shopping extravaganza, sending shares up over 4%.

That's a 27% increase from last year (24% in constant currency), powered by more than 81 million customers worldwide who collectively decided that yes, now is the time to buy that thing they've been eyeing. The numbers underscore just how much Shopify has become the infrastructure behind independent online retail.

The weekend saw some impressive milestones: over 15,800 entrepreneurs made their first sale ever on the platform, while 94,900 merchants experienced their highest-selling day. That's a lot of champagne moments happening simultaneously across the Shopify ecosystem.

Geography-wise, the U.S., U.K., Australia, Germany, and Canada led the charge. Peak spending hit a blistering $5.1 million per minute at 12:01 p.m. EST on Black Friday—the moment when everyone apparently decided to click "buy now" at once. Cross-border orders made up 16% of global volume, showing that shoppers aren't limiting themselves to domestic merchants.

Shop Pay, Shopify's checkout solution, is clearly gaining traction. Usage jumped 39% year-over-year, now handling 32% of all orders on the platform. That's significant because Shop Pay makes checkout faster and gives Shopify more control over the customer experience. The company also tracked over 136 million packages through its Shop App, highlighting the scale of operations involved.

Strong Earnings Momentum

This holiday performance builds on already impressive quarterly results from last month. Shopify's revenue grew 32% year-over-year to $2.84 billion, beating the analyst consensus of $2.76 billion. Adjusted EPS came in at 34 cents, right in line with expectations.

Looking ahead, Shopify expects fourth-quarter revenue growth in the mid-to-high twenties percentage range year-over-year—roughly $3.51 billion to $3.59 billion. That's ahead of the analyst consensus estimate of $3.48 billion, suggesting the holiday momentum should carry through the end of the year.

SHOP Price Action: Shopify shares were up 4.53% at $156.04 at the time of publication on Tuesday.

Back to News

Shopify Merchants Rake in $14.6 Billion During Black Friday Weekend Blitz

MarketDash Editorial Team
6 days ago
Shopify's platform processed a record $14.6 billion in Black Friday–Cyber Monday sales, marking a 27% jump from last year as more than 81 million shoppers fueled the holiday shopping frenzy.

Shopify Inc. (SHOP) had itself quite the weekend. The e-commerce platform announced Tuesday that merchants using its services hit a record $14.6 billion in sales during the Black Friday–Cyber Monday shopping extravaganza, sending shares up over 4%.

That's a 27% increase from last year (24% in constant currency), powered by more than 81 million customers worldwide who collectively decided that yes, now is the time to buy that thing they've been eyeing. The numbers underscore just how much Shopify has become the infrastructure behind independent online retail.

The weekend saw some impressive milestones: over 15,800 entrepreneurs made their first sale ever on the platform, while 94,900 merchants experienced their highest-selling day. That's a lot of champagne moments happening simultaneously across the Shopify ecosystem.

Geography-wise, the U.S., U.K., Australia, Germany, and Canada led the charge. Peak spending hit a blistering $5.1 million per minute at 12:01 p.m. EST on Black Friday—the moment when everyone apparently decided to click "buy now" at once. Cross-border orders made up 16% of global volume, showing that shoppers aren't limiting themselves to domestic merchants.

Shop Pay, Shopify's checkout solution, is clearly gaining traction. Usage jumped 39% year-over-year, now handling 32% of all orders on the platform. That's significant because Shop Pay makes checkout faster and gives Shopify more control over the customer experience. The company also tracked over 136 million packages through its Shop App, highlighting the scale of operations involved.

Strong Earnings Momentum

This holiday performance builds on already impressive quarterly results from last month. Shopify's revenue grew 32% year-over-year to $2.84 billion, beating the analyst consensus of $2.76 billion. Adjusted EPS came in at 34 cents, right in line with expectations.

Looking ahead, Shopify expects fourth-quarter revenue growth in the mid-to-high twenties percentage range year-over-year—roughly $3.51 billion to $3.59 billion. That's ahead of the analyst consensus estimate of $3.48 billion, suggesting the holiday momentum should carry through the end of the year.

SHOP Price Action: Shopify shares were up 4.53% at $156.04 at the time of publication on Tuesday.