Overview

• Shopify's Q1 2025 revenue rose 27% year-over-year to $2.36 billion, exceeding analyst expectations of $2.33 billion.
• The company reported a $682 million net loss, driven by equity investment impairments, despite adjusted net income of $226 million.
• Gross merchandise volume (GMV) reached $74.75 billion, slightly below analyst projections of $74.8 billion.
• Shopify introduced AI-driven tariff tools and expanded duties-collection features to assist merchants navigating trade policy changes.
• Shares fell over 5% following cautious Q2 guidance, forecasting mid-twenties revenue growth and high-teens gross profit growth.