Overview
- Shopify reported Q2 revenue of $2.68 billion, up 31% year-over-year and above the $2.55 billion consensus
- Adjusted EPS of $0.35 topped estimates by six cents, while net income soared to $906 million from $171 million a year earlier
- Gross merchandise value climbed 31% to $87.8 billion, with Europe GMV up 42% in constant currency and new enterprise clients including Starbucks and Canada Goose driving expansion
- CFO Jeff Hoffmeister said anticipated tariff impacts “did not materialize,” noting U.S. demand remained robust despite trade tensions
- Shopify raised its Q3 revenue outlook to mid-to-high-twenties percent growth and shares jumped about 20%