Shares of Shopify Inc. soared during Wednesday's trading session as the company's second-quarter financial results topped analysts' expectations.

The e-commerce company revealed that its revenue in the second trimester climbed by 21% to stand at $2 billion. Net income amounted to $171 million in the reported quarter, improving from the net loss of $1.3 billion observed in the same period a year ago, while its diluted earnings per share landed at $0.13, advancing significantly from last year's loss per share of $1.02.

Shopify's stock skyrocketed 24.14% at 10:09 am ET, selling for $67.31.