营收成本攀升，Shopify下调第二季度盈利预期股价大跌13.28%

环球市场播报05-06

专题：聚焦美股2026年第一季度财报　　公司指引运营支出占营收比例介于 35%–36% 　　内容速览　　受运营支出预计高于预期影响，尽管营收保持强劲增长，Shopify 第二季度盈利展望仍不及市场预期。　　电商平台巨头 Shopify（SHOP）股价大跌 13.28%。公司营收虽保持高增速，但运营支出高于预期，导致第二季度盈利指引低于市场预期。　　该电商平台为商户提供线上销售、订单管理及...

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href=https://finance.sina.com.cn/stock/usstock/c/2026-05-06/doc-inhwwrqx9486876.shtml><strong>环球市场播报</strong></a>\n\n\n</h4>\n\n</header>\n<article>\n<div>\n<p>专题：聚焦美股2026年第一季度财报\n　　公司指引运营支出占营收比例介于 35%–36%\n\n　　内容速览\n　　受运营支出预计高于预期影响，尽管营收保持强劲增长，Shopify 第二季度盈利展望仍不及市场预期。\n　　电商平台巨头 Shopify（SHOP）股价大跌 13.28%。公司营收虽保持高增速，但运营支出高于预期，导致第二季度盈利指引低于市场预期。\n　　该电商平台为商户提供线上销售、订单管理及...</p>\n\n<a href=\"https://finance.sina.com.cn/stock/usstock/c/2026-05-06/doc-inhwwrqx9486876.shtml\">网页链接</a>\n\n</div>\n\n\n</article>\n</div>\n</body>\n</html>\n","isBrief":false,"type":0,"news_type":1,"symbol":"LU1435385759.SGD","symbol_name":"Natixis Loomis Sayles US Growth Equity RA 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正通过内部加大人工智能应用、优化人员编制控制成本，节省下来的资金将再投入到其他业务，尤其是营销领域。\n　　霍夫迈斯特在财报电话会议上表示：“我们可以持续把各项成本占比往下压，但营销投入金额仍会同比增加。”\n　　花旗分析师泰勒・拉德克指出，高于预期的支出，对二季度盈利形成明显压制。\n　　他在研报中表示：“公司二季度营收同比增速指引为25% 以上高位，略高于市场 25% 左右的一致预期；但成本小幅超预期，拖累二季度盈利展望弱于华尔街预期。”\n　　消息公布后，Shopify 多伦多交易所股价下跌 9.1%，报收 157.67 加元，折合 115.72 美元。\n　　一季度业绩概况\n　　Shopify 一季度净亏损5.81 亿美元，折合每股亏损 0.45 美元；去年同期净亏损 6.82 亿美元，每股亏损 0.53 美元，亏损幅度有所收窄。\n　　剔除一次性项目后，调整后每股收益 0.36 美元，高于分析师预期的 0.33 美元。\n　　一季度营收从去年同期 23.6 亿美元增至31.7 亿美元，超出市场预期的 31.2 亿美元。\n　　营收由两大板块拉动：\n\n订阅服务：增收 1.3 亿美元，营收达 7.5 亿美元\n商户服务（营收占比更高）：从 17.4 亿美元增至 24.2 亿美元\n\n　　平台核心指标商品交易总额（GMV） 从去年同期 747.5 亿美元升至1007.4 亿美元。\n\n\n海量资讯、精准解读，尽在新浪财经APP\n\n责任编辑：郭明煜","kind":"news","is_publish_news":true,"is_publish_highlight":false,"is_publish_live":false,"is_publish_wemedia":null,"editions":null,"column":"","sentiment":"-2","news_tag":"dataReport","news_rank":0,"isVideo":false,"video":null,"symbols":[],"gpt_button":1,"need_auth":false,"need_login_tip":false,"code":"91000000","status":"200"},"commentList":[],"isCommentEnd":true,"newsSizeData":{"likeSize":0,"commentSize":0,"repostSize":0,"favoriteSize":0,"likeStatus":false,"favoriteStatus":false},"APP":{"userAgent":"Mozilla/5.0 AppleWebKit/537.36 (KHTML, like Gecko; compatible; ClaudeBot/1.0; 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营收成本攀升，Shopify下调第二季度盈利预期 股价大跌13.28%

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营收成本攀升，Shopify下调第二季度盈利预期股价大跌13.28%