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11h ago

Shopify Beats Q2 Estimates and Projects Mid-High-20s Percent Q3 Revenue Growth

Resilient merchant demand despite tariff concerns underscores confidence in AI investments fueling platform expansion

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The Ottawa-based e-commerce giant said revenue was US$2.6-billion for the quarter ended June 30, 2025, up 31 per cent from the same period last year. Gross profit was US$1.3-billion, up 24 per cent.
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Overview

  • Shopify’s Q2 revenue rose 31% year over year to $2.68 billion, topping the $2.55 billion Wall Street consensus.
  • Adjusted earnings per share reached $0.35, surpassing analyst expectations of $0.29.
  • Gross merchandise volume climbed 30.6% to $87.8 billion as merchants in North America, Europe and Asia Pacific accelerated sales.
  • CFO Jeff Hoffmeister said anticipated tariff impacts did not materialize, with U.S. demand remaining strong and price adjustments by merchants.
  • The company forecast mid-to-high twenties percent Q3 revenue growth, highlighting AI-powered tools and new enterprise wins including Starbucks and Canada Goose.