Jefferies analysts project that Shopify's pursuit of nationwide money transmitter licenses could increase its gross profit by about 2% and operating income by 5% in 2028. These licenses would allow Shopify to directly manage merchant funds, enhancing monetization opportunities and strengthening merchant relationships. The move is seen as a natural evolution of Shopify's Merchant Solutions, positioning the company as a broader financial services platform without replacing existing partners like Stripe. The expected growth could sustain over 20% gross profit and 30% operating income growth in 2028, supporting a premium valuation for Shopify.
Shopify's stock price on Pluang is currently USD 148.59 as of Oct 01, 2026 02:02 WIB, trading closer to its 52-week high of USD 179.01 than its low of USD 95.40. Despite a slight 1-day gain of 0.22%, all recent order activity on Pluang is selling, reflecting cautious sentiment among investors. This contrasts with Jefferies' optimistic outlook on Shopify's potential profit growth from new money transmitter licenses by 2028.
