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Shopify Operating Income Jumps 66%: Rapid Earnings Reaction

Shopify grew sales faster than profit, and its spending discipline closed the gap.

  • Shopify's operating income jumps 66% in Q3, up 32% in revenue to $3.74 billion
  • Payments drive growth, but margins narrow; gross profit still up 28%
  • Cost-cutting keeps expenses up by 16%, half the revenue growth rate

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