SHOP - 1 Part of Shopify's Business Brings in 26% of Its Revenue but Also 42% of Its Profits. What Investors Need to Know
2024-03-21 04:45:00 ET
Let's be honest: Most investors love Shopify (NYSE: SHOP) stock because of how much it's gone up in the past. The company went public less than 10 years ago and is already up close to 3,000%. For perspective, $1,000 invested in Shopify stock when it went public would be worth more than $30,000 today.
For some investors, Shopify is nothing more than a stock ticker. But it's crucial to understand what a stock's underlying business does, rather than only pay attention to the movement of its ticker.
Here's one small part of Shopify's business that has an outsize impact on profits.
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1 Part of Shopify's Business Brings in 26% of Its Revenue but Also 42% of Its Profits. What Investors Need to Know