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3w ago

Shopify Climbs 20% on Strong Q2 Results and Bullish Q3 Forecast

CFO Jeff Hoffmeister said tariffs had no meaningful impact, prompting a 20% jump in the stock

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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 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%